- Palladium One (PDM) reported the expansion and addition of high-grade drillhole intercepts from the West Pickle zone massive sulphide discovery
- This discovery is located on the Tyko Nickel-Copper Project in Ontario
- 3.9 per cent Ni, 2.5 per cent Cu, 0.05 per cent Co, 0.55 g/t total precious metals (Pt+Pd+Au) over 2.0 metres of massive and semi-massive sulphides in hole TK-22-074
- Palladium One Mining Inc. (PDM) was up 5.88 per cent, trading at C$0.09 per share as of 1 pm ET
Palladium One (PDM) reported the expansion and addition of high-grade drillhole intercepts from the West Pickle zone massive sulphide discovery.
This discovery is located on the Tyko Nickel–Copper Project in Ontario, Canada.
New West Pickle zone assay highlights:
- 3.9 per cent Ni, 2.5 per cent Cu, 0.05 per cent Co, 0.55 g/t total precious metals (Pt+Pd+Au) over 2.0 metres of massive and semi-massive sulphides in hole TK-22-074
- Including 8.1 per cent Ni, 2.8 per cent Cu, 0.11 per cent Co, 1.05 g/t total precious metals over 0.9 metres
A total of 32 holes, totalling 6,766 metres, have been drilled in the vicinity of the West Pickle discovery.
The 2022 drill program consisted of 70 holes totalling 13,038 metres, of which 45 holes are pending assay results. The 2023 field season is currently underway, with a high-resolution magnetic survey having been completed.
The 2023 exploration program is focused on ground truthing and drill testing these structures, with the intent of discovering additional wide zones of mineralization, such as the RJ Zone, which returned 85.4 metres of 0.5 per cent Ni and 0.2 per cent Cu.
Palladium One CEO, Derrick Weyrauch, commented on the results.
“This latest batch of drill results reinforces the high-grade nature of the West Pickle Zone. Visual results from hole TK22-117, the most easterly hole drilled to date on the West Pickle Zone, intersected massive nickel-copper sulphides, which has extended the zone to over 600 metres in length, and it remains open for further expansion both to the east and west.”
| Hole | From
(m) |
To
(m) |
Width
(m) |
Ni
per cent |
Cu
per cent |
Co
per cent |
TPM g/t
(Pd+Pt+Au) |
Pd
g/t |
Pt
g/t |
Au
g/t |
| 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 |
| TK22-070 | 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 |
| TK22-072 | 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 |
| TK22-074 | 148.9 | 150.8 | 2.0 | 3.94 | 2.50 | 0.05 | 0.55 | 0.36 | 0.17 | 0.02 |
|
|
149.9 | 150.8 | 0.9 | 8.14 | 2.84 | 0.11 | 1.05 | 0.71 | 0.31 | 0.03 |
| TK22-075 | 133.6 | 137.8 | 4.2 | 0.06 | 0.17 | 0.00 | 0.09 | 0.03 | 0.04 | 0.03 |
|
|
133.6 | 134.5 | 0.9 | 0.11 | 0.25 | 0.00 | 0.14 | 0.04 | 0.05 | 0.05 |
| TK22-076 | 70.6 | 115.5 | 46.3 | 0.08 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 |
|
|
103.6 | 114.0 | 10.4 | 0.10 | 0.02 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 |
| TK22-077 | 214.4 | 214.9 | 0.5 | 0.00 | 0.16 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
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$0.09 per share as of 1 pm ET.