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Palladium One Mining Inc.
Summary
| Project: | Lantinen Koillismaa | |
|---|---|---|
| Deposit: | Kaukua | |
| Location: | Finland | |
| Commodities: | Palladium-Platinum-Copper-Nickel-Gold | |
| Date: | 9/9/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-9-2019: Palladium One Mining Inc. announces a Resource Estimation report for its Kaukua deposit at the Lantinen Koillismaa project. Initial mineral resource estimate for project. Vancouver, British Columbia--(Newsfile Corp. - September 9, 2019) - Pallad | |
| Resources: | (Resource): 11Mt @ 1.80g/t Pd_Eq. (Ind.) and 11mt @ 1.50g/t Pd_Eq. (Inf.) | |
| CP/QP: | [Resources]: Alexei Sokolov (Mining Plus Pty Ltd.) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - September 9, 2019) - Palladium One Mining Inc. (TSXV: PDM0) (FSE: 7N11) (the "Company" or "Palladium One") is pleased to announce the Company's Mineral Resource estimate for the Kaukua Deposit within the 100% owned Läntinen Koillismaa ("LK") PGE-Cu-Ni project, located in north-central Finland (Figure 1). "We have compiled, re-assessed, verified, and validated historic exploration data for the Kaukua Deposit resulting in a revised and much more robust geological model. This work has resulted in over 97% of Indicated and 85% of the Inferred Resources being converted into the pit-constrained Mineral Resource Estimate. Additionally, 50% of the pitconstrained Mineral Resource is classified as Indicated Resources," commented Derrick Weyrauch, President and CEO of Palladium One. "There is still a lot more work to do at Kaukua and the rest of the LK Project, significant potential exists for additional tonnage and higher-grade discoveries. The LK Project remains wide open with less than 4 km of the current ~25 km mafic-ultramafic basal contact systematically drill tested. The favourable basal contact at Kaukua remains open alongstrike both to the east and west, while the deepest drill hole to date is only 420 meters long. We plan to conduct geophysics and diamond drilling on the LK Project during the 2019-2020 winter months with the goal of significantly expanding the current Mineral Resources in order to outline a large-tonnage, palladium dominant open pit mining operation. Our geological team has identified a number of high priority targets at the LK Project that we plan to explore, as we look to expand and compliment the Kaukua Deposit." | |
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