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Palladium One Reports Highly Anomalous Nickel and Copper in Soil Sampling on the Tyko Ni-Cu-PGE Property

Jan 27, 2020

Vancouver, British Columbia--(Newsfile Corp. - January 27, 2020) - Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTC: NKORF) (the "Company" or "Palladium One") is pleased to report that the Fall 2019 program has returned up to 238 ppm nickel and 108 ppm copper in soils over the Smoke Lake airborne electro-magnetic (EM) anomaly on the Tyko Nickel-Copper-PGE Property, located near Marathon, Ontario, Canada.

"These soil values represent up to 22 times the background values for both nickel and copper, and as a result, have confirmed The Smoke Lake airborne EM anomaly as a compelling drill target. The clear nickel-copper-cobalt signature, in soils slightly mobilized along historic glacial ice flow, from the EM anomaly suggests a classic geochemical response to overburden covered nickel-copper-cobalt sulphides." commented Derrick Weyrauch, President and CEO.

The Fall 2019 exploration program (see press release January 21, 2020) included reconnaissance B horizon soil sampling over overburden covered, untested Mag (magnetic) and EM anomalies (Figure 1). The strongest among these was the airborne EM anomaly found at Smoke Lake. 

In 2016, the Company conducted a VLF survey over the Smoke Lake airborne EM anomaly, this survey successfully delineated a north-south trending EM anomaly over at least 300m of strike length (Figure 2). Soil sampling in the Fall of 2019 along this north-south trend produced two adjacent soil samples (Figure 2) with highly anomalous nickel-copper, and elevated cobalt (Table 1).

The Smoke Lake EM anomaly has never been drilled and now represents one of the highest priority targets on the Tyko project.

2020 Exploration Update for the palladium dominant, LK PGE-Ni-Cu project in Finland

SJ Geophysic's (see press release dated January 14, 2020) initiated survey activities last week and has nearly completed, the first of five grids on the property. Initial data interpretation results are anticipated shortly and will inform drill targets for the upcoming drilling campaign. 

The Company anticipates drilling to begin towards the end of February 2020.



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