{"id":1156396,"date":"2019-12-18T16:39:16","date_gmt":"2019-12-18T22:39:16","guid":{"rendered":"https:\/\/resourceworld.com\/?p=57115"},"modified":"2019-12-18T16:39:16","modified_gmt":"2019-12-18T22:39:16","slug":"palladium-one-up-33-on-finland-project-latest","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1156396","title":{"rendered":"Palladium One up 33% on Finland project latest"},"content":{"rendered":"

Palladium One Mining Inc.<\/strong> [PDM-TSXV;NKORF-OTC; 7N11-FSE] shares jumped 33% on Wednesday December 18 after the company released an update on the status of its palladium-dominant Lantinen Koillisma\u00a0 (LK) PGE-Cu-Ni project in north-central Finland.<\/p>\n

Palladium One is a platinum-group elements, nickel, copper exploration and development company. Its assets consist of LK Project and the Tyko Ni-Cu-PGE property near Marathon, Ont.<\/p>\n

On Wednesday, the company said it plans to conduct a 75 line-kilometre Induced Polarization [IP] geophysical program along with a diamond drilling program of up to 5,000 metres at the LK Project.<\/p>\n

The Kaukua deposit of the LK Project hosts 635,600 palladium-equivalent ounces of Indicated Resources, grading 1.80 g\/t palladium equivalent, containing 11 million tonnes at 0.81 g\/t palladium, 0.27 g\/t platinum, 0.09 g\/t gold (1.17 g\/t palladium-equivalent) 0.15% copper and 0.09% nickel.<\/p>\n

On top of that is 525,800 palladium equivalent ounces of Inferred Resources grading 1.50 g\/t palladium equivalent, contained in 11 million tonnes at 0.6 g\/t palladium, 0.20 g\/t platinum, 0.08 g\/t gold (0.92 g\/t palladium-equivalent), 0.13% copper and 0.08% nickel.<\/p>\n

The company has said Kaukua is open for expansion, while the Kaukua South, Murtolampi and Haukaiho mineralized zones require systematic exploration via diamond drilling to follow up mineralized drill intercepts.<\/p>\n

\u201cWe are very excited to be initiating exploration in Finland, at our palladium-dominant LK Project,\u201d said Palladium One President and CEO Derrick Weyrauch. \u201cLK has less than four kilometres systematically drill-tested along its 38 kilometres of favourable basal contact,\u201d he said. \u201cWe see a tremendous opportunity to expand our existing resource base using a systematic process of conducting IP to identify and model zones of higher sulphide concentration, which have been shown to correlate with higher grades.\u201d<\/p>\n

Weyrauch said the existing resource is pit constrained, in a conceptual open-pit that is only 275 metres deep, with a favourable waste-to-resource ratio of 3:1, suggesting a potentially low-cost mining scenario.<\/p>\n

\u201cA major focus of our IP and drilling program will target the Haukiaho Zone where we already have a robust inventory of drllling data, that requires infill drilling prior to resource estimation,\u201d he said.<\/p>\n

Meanwhile, the company said he LK Project has had seven of eight exploration permit renewal applications approved by the Finnish Mining Authority, while the eighth remains under consideration.<\/p>\n

Additionally, two Reservation Decision applications have been approved by the Mining Authority. In total, only one permit renewal and one new permit application remain under review, the company said.<\/p>\n

Palladium One shares advanced on the news, rising 33.3% or $0.03 to 12 cents on volume of 943,200. The shares are currently trading in a 52-week range of $0.04 and 15 cents.<\/p>\n

Under Finnish law, a third party may appeal a Mining Authority decision within 30 days of the decision being rendered.<\/p>\n","protected":false},"excerpt":{"rendered":"

Palladium One Mining Inc. [PDM-TSXV;NKORF-OTC; 7N11-FSE] shares jumped 33% on Wednesday December 18 after the…<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[391,622],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1156396"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1156396"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1156396\/revisions"}],"predecessor-version":[{"id":1156397,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1156396\/revisions\/1156397"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1156396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1156396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1156396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}