Movers and SHAKERS
Palladium One Mining Inc. (NKORF)(PDM:CA)
Recent IP Surveys Yield Positive Implications for LK Project Resource Potential
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.
IP surveys underscore Kaukua South resource potential. Results from two recent induced polarization (IP) surveys confirmed an increase in the Kaukua South IP chargeability anomaly to over 7 kilometers in strike length from the initial 4 kilometer area where drilling has returned impressive drill results and confirmed mineralization. The anomaly has been extended northwest and to the south of the Kaukua pit-constrained resource offering the potential for an expanded Kaukua open pit.
Putting it into perspective. An existing NI 43-101 compliant Kaukua pit constrained resource of 635,600 ounces of indicated palladium equivalent resources and 525,800 inferred palladium equivalent resources only covers a strike length of 1 kilometer. The western grid survey indicated there may be an opportunity to significantly widen the existing Kaukua Pit, and the detection of a significant ...
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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.