NKORF - Palladium One Mining Inc. (NKORF)(PDM:CA) - Shaping Up to be a Promising Open Pit Scenario
Phase II drilling program at the LK Project. In November 2020, the company began its 17,500-meter Phase II resource definition drilling program at its palladium-dominant Lantinen Koillismaa (LK) project in Finland. To date, 46 holes, representing 9,220 meters of drilling have been completed at Kaukua South. Results for 29 drill holes have been released, while 17 are pending. Drilling has focused on defining mineralization to a depth of 200 meters and continues to affirm continuity of near surface open pit grades and widths. Drilling at greater depth has also returned impressive results as demonstrated by Hole LK21-061 which returned 2.32 grams of palladium equivalent at 203.2 meters to 250.0 meters depth. Drilling has been paused for the spring thaw and is scheduled to resume in mid-May.Opportunity for a deeper open pit mine. 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. Management plans to increase the average drilling depth to 300 meters from 200 meters at Kaukua South in areas with strong upper zone mineralization. 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. Drilling deeper also allows greater reach into the lower zone. IP surveys completed. Induced polarization (IP) surveys to the west and east of the existing 4-kilometer Kaukua South zone have been completed and preliminary results are expected in the next few weeks. Management thinks there is potential to extend the currently defined Kaukua South IP chargeability anomaly from 4 kilometers to over 7 kilometers of strike length.Rating is Outperform. NKORF offers investors exposure to high value metals that play a critical role in clean air and battery technologies. The company is well-funded to pursue its expanded drilling program in 2021 at the LK PGE-Ni-Cu project in Finland and Tyko Ni-Cu-PGE project in Canada. Mr. Derrick Weyrauch, CEO, will be available to answer live questions during a virtual non-deal roadshow on April 16, 2021 at 1:00 pm ET which investors may access on www.channelchek.com.Read More >>