Palladium One Reports Prospecting Samples of up to 0.74% Ni, 4.09% Cu and 2.51g/t PGE on the Tyko Ni-Cu- PGE Property, Canada
Palladium One Reports Prospecting Samples of up to
0.74% Ni, 4.09% Cu and 2.51g/t PGE on the Tyko Ni-Cu-
PGE Property, Canada
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2020) -
Palladium One Mining Inc.
(
TSXV: PDM) (FSE: 7N11)
(OTC: NKORF
) (the "
Company
" or "
Palladium One
") is pleased to report prospecting samples with assay results of up to
0.74% Ni, 4.09% Cu and 2.51g/t PGE
on the Tyko Nickel-Copper-PGE Property,
located near Marathon, Ontario, Canada.
The Fall 2019 exploration program was designed to extend known mineralized zones and follow up untested airborne
Electromagnetic ("EM") and Magnetic ("Mag") geophysical anomalies. Three historic showings
1
were investigated including,
Tyko, Bulldozer and Shabotik, significant grab samples are shown in
Table 1
.
Table 1. Significant Prospecting Samples from the 2019 Fall Exploration Program
Showing
Ni %
Cu %
Co %
Pt g/t
Pd g/t
Au g/t
PGE g/t
(Pt+Pd+Au)
Tyko
1.12
0.66
0.02
0.41
0.52
0.01
0.94
Tyko
0.74
4.09
0.06
1.21
1.19
0.11
2.51
Bulldozer
0.05
0.91
0.05
0.06
0.04
0.01
0.11
Shabotik
0.05
0.72
0.02
0.43
0.42
0.01
0.86
A total of 34 prospecting and 39 soil samples were collected over a two-week reconnaissance program (Figure 1).
These samples include the first samples collected by the Company from the newly staked Shabotik showing (see press release
August 19, 2019).
Additional favourable gabbro and pyroxenitic host rocks were identified ~400m to the southwest of the newly acquired Shabotik
showing.
These rocks contain trace disseminated chalcopyrite and are similar to those which host the Shabotik showing, thus
suggesting additional mineralization may occur in this area.
Based on the success achieved, the Company has staked an additional 87 claim units on the Tyko project, which now
encompass 479 claim units totalling 10,320 hectares.
Figure 1. Sample Locations
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6502/51672_b926adc8f4ccfa28_001full.jpg
"Our reconnaissance prospecting and soil sampling program tested several parts of the property with EM and Mag
anomalies that had not been mapped or prospected. While few bedrock outcrops were observed, gabbro and pyroxenite
boulders suggest that favourable host rocks may occur nearby. We look forward to
the results of soil samples collected in
these, overburden covered areas."
Commented Derrick Weyrauch, President and CEO.
About Tyko Ni-Cu-PGE Project
The Tyko Ni-Cu-PGE project, is located ~65km northeast of Marathon Ontario, Canada. Tyko is an early stage, high sulphide
tenor, nickel focused project with the most recent drill hole intercepts returning up to
1.06% Ni over 6.22 m including 4.71% Ni
over 0.87m
in hole TK-16-010 (see press release dated June 8, 2016).
Note 1:
Ontario, Mineral Deposit Index, MDI000000001721, MDI000000001901, MDI42C14NW00002.
Investor Relations Agreement for European Communications
The Company has entered into an Investor Relations Agreement with Star Finance GmbH ("
Star Finance
"), a Swiss-based
company, for European corporate communication services. Star Finance has offices in Steinhausen, Switzerland, and Cologne,
Germany.
Star Finance is owned and operated by Michael Adams who is an experienced communications professional with more than 15
years of experience assisting Canadian public companies with introductions to investors, primarily in Germany and German-
speaking Europe. Among other services, Star Finance owns and operates two established investment-focused financial
websites and provides information about investment opportunities to its audience through e-mail newsletters, websites and
various social media channels in the form of written articles as well as video content.
The Investor Relations Agreement provides for the introduction of the Company to Star Finance's network, audience and
subscribers, as well as the distribution of Company news releases through Star Finance's channels and/or the creation of
investment related content.
Star Finance has advised the Company that it does not hold any direct or indirect interest in the Company or its securities, or
any right to acquire any such interest.
The arrangement with Star Finance is subject to approval by the TSX Venture Exchange
("
TSXV
"). The arrangement will have a 6-month initial term, and is expected to commence on or about February 1, 2020, at a
cost of 6,000 EUR per month, excluding possible prepayment discounts.
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. is a palladium dominant, PGE, nickel, copper exploration and development company. Its assets
consist of the Lantinen Koillismaa ("LK") PGE-Cu-Ni project, located in north-central Finland and the Tyko Ni-Cu-PGE
property, near Marathon, Ontario, Canada.
The Kaukua deposit of the LK project hosts
635,600 Pd_Eq ounces
of Indicated
Resources grading
1.80 g/t Pd_Eq*
("palladium equivalent") contained in 11 million tonnes (@ 0.81g/t Pd, 0.27g/t Pt, 0.09g/t Au, (1.17g/t PGE), 0.15% Cu &
0.09% Ni), and
525,800 Pd_Eq ounces of Inferred
Resources grading
1.50 g/t Pd_Eq
contained in 11 million tonnes (@
0.64g/t Pd, 0.20g/t Pt, 0.08g/t Au (0.92g/t PGE), 0.13% Cu, & 0.08% Ni), (see press release September 9, 2019). Kaukua is
open for expansion, while the Kaukua South, Murtolampi and Haukiaho mineralized zones require systematic exploration via
diamond drilling to follow up mineralized drill intercepts.
*Pd_Eq is calculated using the following metal prices (in USD) of $1,100/oz for Pd, $950/oz for Pt, $1,300/oz for Au, $6,614/t
for Cu and $15,432/t for Ni.
ON BEHALF OF THE BOARD:
"Derrick Weyrauch"
President & CEO, Director
For further information contact:
Derrick Weyrauch, President & CEO
Email:
Phone:
1-778-327-5799
Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward looking statements:
Information set forth in this press release may contain forward-looking statements. Forward-
looking statements are statements that relate to future, not past events. In this context, forward-looking statements often
address a company's expected future business and financial performance, and often contain words such as "anticipate",
"believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or
"will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future
events, to be materially different from any future results, performance or achievements expressed or implied by such forward-
looking statements. Such factors include, among others, risks associated with project development; the need for additional
financing; operational risks associated with mining and mineral processing; fluctuations in gold and other commodity prices;
title matters; 6 environmental liability claims and insurance; reliance on key personnel; the absence of dividends;
competition; dilution; the volatility of our common share price and volume; and tax consequences to U.S. Shareholders.
Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements
are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and
opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking
statements.
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