NKORF - Palladium One Mining Inc. (NKORF)(PDM:CA) - Doubling Up At LK With Ample Room for Growth
Haukiaho resource estimate. Palladium One released results a NI 43-101 compliant resource estimate for the Haukiaho zone which doubles the LK PGE-Cu-Ni project mineral resource to 0.6 million ounces of palladium equivalent indicated resources and 1.7 million ounces of palladium equivalent inferred resources. The resource estimate for Haukiaho adds 1.21 million ounces of palladium equivalent inferred resources. Resource definition drilling in the Greater Kaukua area has been completed and an updated NI 43-101 compliant mineral resource estimated is expected to be completed by year-end. A preliminary economic assessment is expected in mid-2022.Ample room for resource growth. In addition to an updated mineral resource estimate for the Greater Kaukua area, the remaining 12 kilometers of the Haukiaho Trend has not been drill tested although historic drilling has affirmed that the trend is mineralized. The company has identified two significant anomalies immediately east of the Haukiaho resource area that could potentially be upgraded to inferred resources with a modest amount of drilling. We are particularly intrigued by a large chargeability anomaly in the Western Kaukua South area. Based on the significant number of drill targets still to be tested, a significant amount of resource expansion potential remains to be defined.Turning to Tyko. We expect results associated with a VTEM geophysical survey that was conducted over the entire Tyko property to be released shortly. Recall that drilling at Smoke Lake resumed with seven drill holes planned. The goal is to find the source of high-grade mineralization. The company is testing a large magnetic anomaly below the Smoke Lake zone with a 900-meter geophysics platform hole followed by a borehole electromagnetics survey to identify the presence of massive sulphide mineralization at depth.Rating is Outperform. Palladium One offers investors exposure to high value metals that play a critical role in clean air and battery technologies. The company's exploration efforts at both the LK and Tyko projects have resulted in significant progress with clear objectives set through 2026. Read More >>