NKORF - Palladium One Mining (NKORF)(PDM:CA) - Additional Drill Results Released; Board and Management Appointments
Kaukua South drilling results. Palladium One Mining released drill results for six holes at Kaukua South. Hole LK21-088 intersected 3.1 grams of palladium equivalent per tonne over 21.3 meters, within 2.4 grams of palladium equivalent per tonne over 48.5 meters, starting at 120 meters depth. With Hole LK21-087 returning 1.0 gram of palladium equivalent per tonne over 51.0 meters, the mineralized zone of Kaukua South has been extended 200 meters east from previous drilling.Potential to add resources along the eastern extension. The company has focused on including the western two kilometers of Kaukua South into a maiden resource estimate and expanding the initial 2019 Kaukua mineral resource estimate. The eastern portion of Kaukua South has not been drilled extensively despite returning significant results in the past. Hole LK21-087 is the furthest hole drilled to the east which when combined with strong IP anomalies, indicate potential to add resources along the eastern extension of the Kaukua Trend.Corporate governance changes. Mr. Lawrence Roulston, independent director, has assumed the role of Non-Executive Chairman, while Ms. Sara Hill has been appointed Chief Financial Officer and Corporate Secretary. Mr. Roulston serves as Managing Director of WestBay Capital Advisors, a firm providing mergers & acquisition, business advisory, and capital market expertise to junior and mid-tier mining companies. Ms. Hill is a CPA with over 16 years of experience in accounting and finance and has held senior roles with publicly traded mining companies. The Board has also formed a new ESG committee chaired by Ms. Giovanna Bee Moscoso, an independent director, who joined the board in April 2021.Rating is Outperform. The company continues to deliver excellent drill results. In aggregate, the Kaukua Trend which includes both the Kaukua deposit and the Kaukua South Zone, now has a drill defined mineralized strike length of 4.4 kilometers within a 7-kilometer-long induced polarization chargeability anomaly. Coupled with data from geophysical surveys, the drilling program continues to affirm the LK project’s resource growth potential. Read More >>