Movers and SHAKERS
Palladium One Mining Inc. (NKORF)(PDM:CA)
Tyko Drilling Program Yielding Exciting Results
Noble Capital Markets research on Palladium One Mining is published under ticker symbols (NKORF and PDM:CA). The price target is in USD and based on ticker symbol NKORF. 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.
Initial results are encouraging. The first two holes of the 2020 Tyko drill program yielded exciting results. Hole TH-20-016 returned 8.7% nickel equivalent (6.6% nickel, 3.7% copper, and 1.5 grams per tonne of platinum group elements) over 3.8 meters at less than 30 meters true depth at the Smoke Lake target. Note that 8.7% nickel equivalent equates to ~193 pounds per tonne. Based on current nickel prices of $7.87/pound, the results have positive implications for in situ value potential. Hole TK-20-015 returned 4.8% nickel equivalent (3.9% nickel, 1.4% copper, and 0.8 grams per tonne of platinum group elements) from 30 meters down hole.
Assay results still pending. Palladium One commenced diamond drilling of the Smoke Lake electromagnetic anomaly in late November. High-resolution drone-based magnetic and ground-based horizontal loop electromagnetic surveys, undertaken shortly before drilling, refined the anomaly resulting in the discovery of massive magmatic sulphides. All 13 holes drilled at Smoke Lake intersected magmatic ...
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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.