NKORF - Palladium One Mining Inc. (NKORF)(PDM:CA) - Drilling Program Is Making a Strong Case for the LK Project
LK Project Phase II drilling program. To date, 46 holes, representing 9,469 meters of drilling have been completed at Kaukua South. Results for 34 drill holes have been released, while 12 are pending. Additionally, assay results are pending for 12 drill holes at the Haukiaho Zone where infill drilling was completed. Drilling has affirmed significant continuity of open pit grades and widths in both the upper and lower zone at Kaukua South. Drilling has been paused for the spring thaw and is scheduled to resume in late May.Drilling expanded the strike length of the upper zone. Kaukua South consists of two mineralized zones. The upper zone typically returns higher Cu-Ni values and lower PGE grades. While less continuous than the lower zone, it exhibits greater widths. The continuous lower zone, the focus of the drilling program, is like the Kaukua deposit with high PGE tenors. When drilling resumes, the intent is to target open pit resource definition of the lower mineralized zone down to 300 meters on the western side of Kaukua South, and to extend mineralization south of the existing Kaukua NI 43-101 open pit constrained resource estimate.Positive implications for open pit mining. Because the upper zone is mineralized, it will mean less waste ore under an open pit mining scenario and a lower strip ratio thus improving project economics. The drilling program has enhanced management’s understanding of the upper zone and galvanized their belief that it could add significant resources to the planned NI 43-101 resource estimate.Rating remains Outperform. NKORF offers investors exposure to high value metals that play a critical role in clean air and battery technologies. In addition to the company's palladium dominant Lantinen Koillismaa (LK) project in Finland for which the company's 17,500-meter Phase II drilling program is progressing well, we think the Tyko project offers significant upside for investors. Read More >>