Movers and SHAKERS
Palladium One Mining Inc. (NKORF)(PDM:CA)
Accelerating Progress on Multiple Fronts
Palladium One Mining Inc is a palladium dominant, PGE, nickel, copper exploration and development company. Its assets consist of the Lantinen Koillismaa and Kostonjarvi PGE-Cu-Ni projects, located in north-central Finland and the Tyko Ni-Cu-PGE and Disraeli PGE-Ni-Cu properties in Ontario, Canada. LK is targeting disseminated sulphide along 38 kilometers of favorable basal contact. The KS project is targeting massive sulphide within a 20,000-hectare land package covering a regional scale gravity and magnetic geophysical anomaly. Tyko is a 13,000-hectare project targeting disseminated and massive sulphide in a highly metamorphosed Archean terrain. Disraeli is a 2,500-hectare project targeting PGE-rich disseminated and massive sulphide in a highly productive Proterozoic mid-continent rift.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
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Expanded drill program in 2021. Palladium One expects to spend roughly $11.5 million on exploration in 2021. The program will include resource definition drilling at the Kaukua South and Haukiaho zones while drilling eastern and western extensions of Kaukua South. At the Tyko project, activities will focus on new target development, infill drilling, and the expansion of nickel mineralization at the Smoke Lake zone. The company expects to complete the Phase II drill program at the Lantinen Koillismaa (LK) project and begin a 12,000-meter Phase III drilling program in the second half of the year. This year's program will also entail 2,000 meters of infill drilling at the Haukiaho zone. In Canada, 2,000 meters of drilling is planned for the Tyko project, along with 1,500 meters of drilling at the Disraeli project. An NI 43-101 resource estimate of Kaukua South is expected to be complete in the first half of 2022.
Infill drilling at Kaukua South. Infill drilling has revealed continuous mineralization over 1,300 meters into an area that looked less promising based on geophysics thus indicating greater potential for open pit resources at the Kaukua South zone of the LK project. Thirty four holes totaling 6,404 meters have been drilled to date on Kaukua South as part of the 17,500-meter Phase II program ...
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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.