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Home > News > Palladium One discovers...

Palladium One discovers Nickel, Copper and Cobalt at Tyko Project near Marathon

Aug 22, 2023


Palladium One Mining Inc. has discovered several highly anomalous nickel, copper, and cobalt soil anomalies potentially linking the West Pickle and RJ Zones, which are 2.5 kilometers apart. The soil sampling was conducted along an interpreted chonolith / feeder dyke structure. Additionally, the Company is pleased to announce that it has now earned an 80% interest in the Pezim II Property which contains the high-grade West Pickle Zone, that forms part of the larger Tyko Nickel - Copper Project, in Ontario. 

Highlights

  • Multiple highly anomalous nickel, copper and cobalt anomalies in soils (Figure 2) potentially linking the high-grade West Pickle and RJ Zones along an Interpreted Chonolith / Feeder Dyke structure with values up to:
    • 785 ppm Nickel
    • 431 ppm Copper
    • 49 ppm Cobalt
  • Preliminary geological mapping discovers new ultramafic outcrops and boulders in the western part of the Tyko Project thereby continuing to support the Company's geological model.
  • The 2023 Exploration Program is well advanced with over 5,000 soil samples collected to date, while today's announcement represents the first <10% or 465 samples.
  • Palladium One has now earned an 80% interest in the high-grade West Pickle Zone.
    • The West Pickle Zone has returned up to 10.4% Ni, 3.4% Cu, 0.14% Co, 0.53 g/t Pd, 0.34 g/t Pt, 0.04 g/t Au over 2.3 meters in massive sulphides in hole TK-22-070 (see news release November 29, 2022).

President and CEO, Derrick Weyrauch commented, "We are very pleased with the first result of the 2023 Exploration Program which has returned highly anomalous nickel, copper and cobalt in soils along a considerable area (1.3 kilometers) between the West Pickle and RJ Zones. These results continue to support our geological model that strong magnetic anomalies located between West Pickle and RJ Zones represent a chonolith / feeder dyke potentially linking both zones." 

The newly discovered nickel, copper and cobalt anomalies along the interpreted chonolith / feeder dykes potentially linking the West Pickle and RJ Zone are very strong, with values up to 785 ppm Ni and 431 ppm Cu (Figure 2). For comparison previous soil sampling over the high-grade West Pickle Zone returned up to 116 ppm Ni and 153 ppm Cu, and Smoke Lake Zone retuned up to 565 ppm Ni and 106 ppm Cu. Significantly, the samples contain highly elevated magnesium and chrome values thereby indicating a strong ultramafic signature which further supports the Company's geological model that a chonolith / feeder dyke occurs in this area.

Mapping, prospecting and soil sampling continues, results are encouraging with ultramafic outcrops and boulders having been discovered in several interpreted chonolith / feeder dyke structures, once again supporting the Company's geological model. A total of 465 soil samples are included in this release while to date over 5,000 soil samples have been collected.

The key objective of the 2023 Exploration Program at Tyko is ground truthing interpreted chonoliths / feeder dykes prior to diamond drilling (Figure 3). As part of the program, in Q1 2023, the Company completed a high-resolution magnetic survey (see news release May 16, 2023), the results of which are presented in Figures 1 and 3. The 2023 magnetic survey was designed to refine the geometry of the interpreted chonoliths / feeder dykes across the Tyko project's 30-kilometer strike length. Preliminary geological mapping in the western portion of the property has identified outcrops and boulders of ultramafic pyroxenites which continue to support the chonolith / feeder dyke geological model.



Tags: Northern Ontario / Exploration / Battery Metals / All Articles