Palladium One Reports 10.3% Nickel, 2.9% Copper over 1.8 meters at the Tyko Project, Canada
Palladium One Reports 10.3% Nickel, 2.9%
Copper over 1.8 meters at the Tyko Project,
Canada
Highlights
Additional West Pickle Zone assay results include:
7.2% Ni, 2.0% Cu
, 0.10% Co, 0.56 g/t Total Precious Metals ("TPM") (Pt+Pd+Au)
over 2.6
meters
of massive sulphides in hole TK-22-073
Including 10.3% Ni, 2.9% Cu
, 0.15% Co, 0.80 g/t TPM over 1.8 meters
2.0% Ni, 0.9% Cu
, 0.04% Co, 0.36 g/t Total Precious Metals ("TPM") (Pt+Pd+Au)
over 4.1
meters
of massive and semi-massive sulphides in hole TK-22-072
Including 5.3 Ni%, 1.5% Cu
, 0.12% Co, 0.67 g/t TPM over 1.5 meters
RJ Zone, 2.7 kilometres east of West Pickle, previously retuned 85.4 meters of
mineralization:
0.5% Ni and 0.2% Cu over 85.4 meters
in hole TK-16-002
(see press release
June 8,
2016
)
Including 1.0% Ni and 0.2% Cu over 16.2 meters
A key objective of the 2023 exploration program is to connect the West Pickle and RJ
Zones
(Figure 3)
The Tyko Project
currently hosts five known nickel sulphide zones
along
a 20-kilometer
trend
and
several yet to be tested Versatile Time Domain Electromagnetic ("VTEM")
anomalies
Toronto, Ontario--(Newsfile Corp. - January 12, 2023) -
Palladium One Mining Inc.
(
TSXV: PDM)
(OTCQB: NKORF) (FSE: 7N11
) (the "
Company
" or "
Palladium One
") is pleased to report additional
high-grade drillhole intercepts for the Tyko Property, from the West Pickle massive sulphide discovery in
Ontario, Canada.
President and CEO Derrick Weyrauch commented, "This latest batch of drill results, with individual
assays up to 11.9% nickel, continue to reinforce the high-grade nature of the West Pickle Zone within the
larger regional opportunity provided by the project. Similar to the Smoke Lake Zone, West Pickle is
revealing massive sulphides that have been likely remobilized from a much larger source, which we hope
to discover in 2023. Our 2023 exploration plan at Tyko also includes step-out drilling from known
mineralization, and regional exploration to refine drill targets along 10's of kilometers of interpreted
feeder dykes / chonoliths (Figure 2 & 3) that could have fed the large Bulldozer mafic-ultramafic complex.
Cash and cash equivalents of approximately C$11.3 million (unaudited) were on hand as at December
31, 2022.
The 2022 Drill program on Tyko consisted of 70 holes totaling 13,038 meters, of which 49 holes are
pending assay results.
The 2023 field season is currently being planned and a high-resolution magnetic
survey is scheduled in Q1.
This survey has been designed to refine the geometry of the interpreted
feeder dykes / chonoliths across Tyko's 30-kilometer strike length prior to additional drill testing."
To date a total of 32 holes, totalling 6,766 meters have been drilled in the vicinity of the West Pickle
Discovery. At present, West Pickle mineralization has been defined over more than 500 meters of strike
length (Figure 3 and 4).
Figure 1
. Massive pentlandite-pyrrhotite-chalcopyrite sulphide intersection in hole TK-22-073 from
137.5 to 139.3 meters down hole (core is dry). Wall rock is tonalite breccia.
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/6502/151121_093b45d304cecb48_001full.jpg
Figure 2.
Tyko Property map showing various mineralized zones and multi-line VTEM anomalies,
background is Calculated Vertical Gradient Magnetics ("CVG").
To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/6502/151121_093b45d304cecb48_002full.jpg
Figure 3.
Plan and long section looking north perpendicular to the interpreted chonolith structure linking
the West Pickle and RJ zones, showing potential for massive sulphide mineralization beyond the depth
detectable by the 2021 VTEM airborne survey.
To view an enhanced version of Figure 3, please visit:
https://images.newsfilecorp.com/files/6502/151121_093b45d304cecb48_003full.jpg
Figure 4.
Long section looking south of the West Pickle Zone.
To view an enhanced version of Figure 4, please visit:
https://images.newsfilecorp.com/files/6502/151121_093b45d304cecb48_004full.jpg
Table 1: Assay Results: Tyko 2022 Drill Results from the new West Pickle Zone
Hole
From (m)
To (m)
Width (m)
Ni
%
Cu %
Co %
TPM g/t
(Pd+Pt+Au)
Pd g/t
Pt g/t
Au g/t
TK22-058
214.1
214.6
0.5
0.04
0.02
0.00
0.00
0.00
0.00
0.00
TK22-059
184.0
187.7
3.7
2.33
1.85
0.06
0.45
0.21
0.21
0.03
185.3
187.7
2.4
3.49
2.73
0.09
0.64
0.30
0.30
0.04
185.3
187.0
1.8
4.79
3.67
0.12
0.87
0.41
0.41
0.05
185.3
185.9
0.6
8.21
1.60
0.24
1.62
0.80
0.79
0.03
TK22-060
183.7
196.3
12.6
0.72
0.34
0.02
0.14
0.06
0.06
0.02
184.3
189.0
4.7
1.77
0.63
0.03
0.27
0.12
0.12
0.03
186.6
189.0
2.4
3.18
0.99
0.06
0.39
0.18
0.19
0.02
188.0
188.5
0.5
7.60
1.25
0.12
0.41
0.18
0.20
0.03
TK22-061
188.7
190.8
2.1
0.75
0.43
0.01
0.28
0.14
0.11
0.03
190.2
190.8
0.6
1.62
0.67
0.03
0.47
0.25
0.20
0.02
TK22-062
202.0
213.5
11.5
0.06
0.08
0.00
0.04
0.01
0.01
0.01
203.6
204.4
0.8
0.16
0.35
0.01
0.14
0.05
0.07
0.02
TK22-063
149.0
152.0
3.0
0.07
0.24
0.00
0.13
0.04
0.05
0.05
149.5
150.5
1.0
0.15
0.54
0.00
0.32
0.09
0.12
0.11
TK22-064
219.8
245.5
25.8
0.04
0.02
0.00
0.01
0.00
0.00
0.00
219.8
220.3
0.5
0.65
0.27
0.03
0.21
0.10
0.11
0.01
TK22-065
224.3
246.0
21.7
0.04
0.02
0.00
0.01
0.00
0.00
0.00
240.8
246.0
5.2
0.10
0.05
0.00
0.02
0.01
0.01
0.00
240.8
241.2
0.4
0.40
0.18
0.01
0.06
0.04
0.02
0.00
TK22-066
150.3
178.5
28.2
0.06
0.02
0.00
0.01
0.00
0.00
0.00
158.9
162.9
4.0
0.19
0.07
0.01
0.02
0.01
0.01
0.00
161.2
162.9
1.7
0.35
0.12
0.01
0.04
0.02
0.01
0.00
TK22-067
200.2
200.7
0.5
0.06
0.01
0.00
0.00
0.00
0.00
0.00
TK22-068
134.3
139.5
5.3
0.11
0.08
0.01
0.03
0.01
0.01
0.00
135.3
135.8
0.5
0.25
0.25
0.01
0.08
0.04
0.03
0.01
TK22-069
No Significant Assays
TK22-070
164.6
174.7
10.1
2.47
0.99
0.04
0.27
0.14
0.10
0.02
164.6
168.4
3.8
6.42
2.40
0.09
0.64
0.35
0.25
0.04
165.4
167.6
2.3
10.41
3.40
0.14
0.92
0.53
0.34
0.04
165.4
167.1
1.7
12.58
2.49
0.17
0.94
0.60
0.30
0.04
165.4
166.3
0.9
12.90
2.70
0.16
1.05
0.67
0.34
0.04
TK22-071
151.7
156.9
5.2
0.72
1.07
0.01
0.28
0.10
0.10
0.08
155.7
156.9
1.2
2.00
2.51
0.04
0.21
0.06
0.13
0.02
155.7
156.2
0.6
4.10
3.81
0.06
0.27
0.09
0.16
0.03
TK22-072
149.0
153.1
4.1
2.05
0.89
0.04
0.36
0.11
0.22
0.03
150.4
153.1
2.7
3.08
1.18
0.07
0.45
0.14
0.29
0.02
151.7
153.1
1.5
5.33
1.48
0.12
0.67
0.17
0.48
0.02
151.7
152.3
0.7
7.39
2.22
0.16
0.95
0.24
0.69
0.03
TK22-073
137.5
140.1
2.6
7.19
2.01
0.10
0.56
0.32
0.20
0.05
137.5
139.3
1.8
10.32
2.88
0.15
0.80
0.46
0.27
0.07
138.5
139.3
0.8
11.90
0.98
0.16
0.64
0.33
0.26
0.05
Hole
From (m)
To (m)
Width (m)
Ni
%
Cu %
Co %
TPM g/t
(Pd+Pt+Au)
Pd g/t
Pt g/t
Au g/t
(1)
Reported widths are "drilled widths" not true widths.
(2)
Italicised grey shaded values are previously reported (see news release
October 4, 2022
,
November 21, 2022
and
November 29, 2022
)
Table 2: Drill Hole Locations
Hole
Azimuth
Dip
Length
NAD83 z16 East
NAD83 z16 North
Elevation
TK22-058
180
-60
309
601597.05
5421937.31
348.724
TK22-059
160
-47
279
601498.54
5421916.5
351.433
TK22-060
148
-47
219
601498.53
5421916.95
351.47
TK22-061
172
-45
201
601497.95
5421916.71
349.419
TK22-062
155
-52
255
601498.22
5421918.16
351.517
TK22-063
155
-47
207
601513.5
5421887.75
350.597
TK22-064
150
-45
303
601697.69
5422033.45
349.432
TK22-065
137
-45
279
601697.53
5422034.22
349.204
TK22-066
165.8
-55.2
219
601724.36
5421969.11
348.827
TK22-067
165.3
-64.5
282
601724.14
5421969.33
349.304
TK22-068
159.2
-48.1
201
601724.36
5421969.11
348.827
TK22-069
160
-40
180
601724.74
5421968.56
350.655
TK22-070
160
-53
201
601564.64
5421919.15
351.966
TK22-071
159
-60.5
186
601520.46
5421875.31
350.675
TK22-072
148
-57
192
601520.01
5421875.97
350.652
TK22-073
139
-53
197
601609.16
5421928.08
348.433
QA/QC
The drilling program was carried out under the supervision of Neil Pettigrew, M.Sc., P. Geo., Vice
President of Exploration, and a Director of the Company
Drill core samples were split using a rock saw by Company staff, with half retained in the core box and
stored onsite at the Tyko exploration camp core yard facility.
Samples were transported in secure bags directly from the logging facility at the onsite exploration
camp, to the Activation Laboratories Ltd. ("Actlabs") in Thunder Bay, Ontario. Actlabs, which is ISO
17025 accredited with CAN-P-1579 (Mineral Lab). In addition to ISO 17025 accreditation, Actlabs is
accredited/certified to ISO 9001:2015. All samples are crushed to 2 millimeters with a 250-gram split
pulverized to 105 microns. Analysis for PGEs is performed using a 30 grams fire assay with an ICP-
OES finish and for Ni, Cu, and Co using 0.25 grams by 4 acid digestion with ICP-OES finish. Ni, Cu and
Co samples over 1.0 wt% were re-analysed by ore grade methods using 4 acid digestion with ICP-OES
finish.
Certified standards, blanks and crushed duplicates are placed in the sample stream at a rate of one
QA/QC sample per 10 core samples. Results are analyzed for acceptance within the defined limits of the
standard used before being released to the public.
About Tyko Copper-Nickel-Cobalt Project
The Tyko Copper-Nickel-Cobalt Project, is located approximately 65 kilometers northeast of Marathon
Ontario, Canada. Tyko is an early stage, high sulphide tenor, nickel-copper (2:1 ratio) project. The West
Pickle Zone occurs on the Pezim II claim block of the larger Tyko Project.
Qualified Person
The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P.
Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined
by National Instrument 43-101.
About Palladium One
Palladium One Mining Inc. (TSXV: PDM) is focused on discovering environmentally and socially
conscious
Metals for Green Transportation
. A Canadian mineral exploration and development
company, Palladium One is targeting district scale, platinum-group-element (PGE)-copper-nickel
deposits in Canada and Finland. The Läntinen Koillismaa (LK) Project in north-central Finland, is a
PGE-copper-nickel project that has existing NI43-101 Mineral Resources, while both the Tyko and
Canalask high-grade nickel-copper projects are located in Ontario and the Yukon, Canada, respectively.
Follow Palladium One on LinkedIn, Twitter, and at
www.palladiumoneinc.com
.
ON BEHALF OF THE BOARD
"Derrick Weyrauch"
President & CEO, Director
For further information contact:
Derrick Weyrauch, President & CEO
Email:
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
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of America. The common shares of Palladium One Mining Inc. have not been and will not be
registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the
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To view the source version of this press release, please visit
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