- Palladium One Mining (PDM) has received a new exploration drill permit for the Smoke Lake Zone area of the Tyko Copper-Nickel-Cobalt Project
- This permit provides the company with new drill pad locations to test potential extensions of the known Smoke Lake nickel-copper mineralization
- Palladium One has also added a second helicopter-based drill rig as part of a four-week program to test more remote targets on the property
- The company has now received four of six permits, applied for in Q3 2021
- Palladium One Mining Inc. is a Canadian mineral exploration company focused on discovering environmentally and socially conscious metals for green transportation
- Palladium One Mining Inc. opened the day’s trading at $0.135 per share
Palladium One Mining (PDM) has received a new exploration drill permit for the Smoke Lake Zone area of the Tyko Copper-Nickel-Cobalt Project.
The Tyko Copper-Nickel-Cobalt Project is located near White River, Ontario.
This permit provides the company with new drill pad locations to test potential extensions of the known Smoke Lake nickel-copper mineralization.
Palladium One has added a second helicopter-based drill rig as part of a four-week program to test more remote targets on the property, including the historic RJ and Tyko zones.
The newly received permit will allow for additional drill pads to potentially expand the high-grade Smoke Lake zone as well as to test induced polarization (IP) chargeability targets located on the north side of Smoke Lake and which correlate with the surface expression of a large magnetic inversion anomaly lying below and to the northeast of the high-grade Smoke Lake zone.
Additionally, two single line VTEMax conductors also fall within this new permit area.
The company has received four of six permits initially applied for in Q3 2021. Two permits remain outstanding, notably the Cupa Lake area, which contains a coincident VTEMmax conductor and strong nickel and copper in soil anomalies.
A drill rig has been mobilized to the Smoke Lake area to test extensions of the know high-grade nickel-copper mineralization, as well as IP chargeability targets identified during the winter geophysical program.
A helicopter-based drill rig has been mobilized to conduct a small four-week program focused on the historic RJ and Tyko zones.
The primary purpose of this small program is to drill a 400-metre deep BHEM platform hole at each zone to test for buried massive sulphide mineralization below the detection limit depth of the VTEMmax survey.
The helicopter-based rig will also test nearby magnetic and single line VTEMmax anomalies, which cannot be accessed from existing logging roads.
The Tyko Copper-Nickel-Cobalt Project, located approximately 65 kilometres northeast of Marathon Ontario, Canada, is an early stage, high sulphide tenor, nickel-copper (2:1 ratio) project.
Palladium One Mining Inc. is a Canadian mineral exploration company focused on discovering environmentally and socially conscious metals for green transportation.
Palladium One Mining Inc. opened the day’s trading at $0.135 per share.