Movers and SHAKERS
Palladium One Mining Inc. (NKORF)(PDM:CA)
Tyko Nickel Project Drilling Program Yields Success
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.
First occurrence of massive sulphides. Ground based magnetic surveys have identified two near-surface, closely spaced conductors, the largest of which has a strike length of over 300 meters. Hole TK-20-15 intersected 2 meters of magmatic sulphides from 31 to 32 meters at depth, while Hole TK-20-16, drilled from the same pad, intersected 4 meters of magmatic sulphides from 29 to 33 meters at depth. The initial drill holes, coupled with information from recent magnetic and electromagnetic surveys suggest a shallow southwest dipping massive sulphide body which plunges to the west-northwest. We find these results very encouraging so early in the program.
Potential for a sulphide-rich nickel-copper deposit? The properties of the rock in the first two holes resemble those found at the Tyko and RJ showings, located 17 kilometers to the west, which have returned up to 1.06% nickel and 0.35% copper over 6.22 meters, including 4.71% nickel and 0.82% copper over 0.87 meters in diamond drilling. Earlier this year, Palladium One conducted reconnaissance ...
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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.