- Palladium One (PDM) has discovered a new high-grade nickel – copper zone at the Tyko Copper-Nickel-Cobalt Project
- The discovery was made in the Smoke Lake Zone area. The Tyko Copper-Nickel-Cobalt Project is located near White River, Ontario
- Multiple near surface drill intercepts of mineralization were found
- Palladium One Mining Inc. (PDM) was up 5.88 per cent, trading at C$0.075
Palladium One (PDM) has discovered a new high-grade nickel – copper zone at the Tyko Copper-Nickel-Cobalt Project.
The discovery was made in the Smoke Lake Zone area. The Tyko Copper-Nickel-Cobalt Project is located near White River, Ontario.
Multiple near surface drill intercepts of mineralization were found, Including:
- 6.9 meters grading 1.1 per cent Ni, 0.3 per cent Cu (Hole TK22-104)
- Including 1.9 meters grading 2.0 per cent Ni, 0.4 per cent Cu
- 5.3 meters grading 0.7 per cent Ni, 0.8 per cent Cu (Hole TK22-100)
- Including 1.5 meters grading 2.0 per cent Ni, 2.8 per cent Cu
Palladium One’s CEO, Derrick Weyrauch, commented on the results.
“The discovery of another high-grade nickel – copper zone at Tyko further supports our thesis that we have a significant new nickel camp on our hands. The Ember Zone exhibits many similarities to the nearby Smoke Lake Zone and other high-grade nickel – copper zones on the Tyko Project. Notably the Ember Zone is adjacent to an extensive interpreted Chonolith, which is on strike with the Cupa Lake VTEM / soil anomalies, suggesting Ember may be part of much larger mineralizing system.”
The 2022 drill program consisted of 70 holes totaling 13,038 meters, of which 14 holes are pending assay results. The 2023 field season is currently underway, with a high-resolution magnetic survey having been completed.
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 is a palladium-dominant, platinum group element (PGE), nickel, copper exploration and development company.
Palladium One Mining Inc. (PDM) was up 5.88 per cent, trading at C$0.075.