Movers and SHAKERS
Palladium One Mining Inc. (NKORF)(PDM:CA)
Drilling at Tyko Yields Encouraging Results; Geophysical Survey to Commence in May
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.
Refer to the full report for the price target, fundamental analysis, and rating.
Phase II drilling program extends known mineralization at Smoke Lake. A total of 14 holes were completed, of which 11 intersected massive and/or semi-massive sulphide mineralization at the Smoke Lake Zone, which previously returned up to 9.9% nickel equivalent over 3.8 meters. Recall that ground-based and borehole EM surveys outlined two significant conductors at Smoke Lake. The most significant conclusion from the Phase II drill program was the linking of massive sulphide mineralization in the upper conductor with the lower conductor. The Phase II drill program indicates a continuous lens of sulphide mineralization joining the upper and lower conductors that dips to the west and plunge to northwest. Management is awaiting first assay results from the laboratory.
VTEM geophysical survey scheduled for May. Drilling has been paused due to the spring thaw. Drilling will resume following a 3,000-line kilometer airborne versatile time-domain electromagnetic (VTEM) survey that will cover the entire Tyko project area to discover additional EM anomalies and refine future drill locations ...
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