GT Resources Inc (NKORF)

[JD400]

Palladium One Discovers up to 0.41% Nickel in Boulders and Begins Drill Program at the Tyko Nickel-Copper-PGE Project in Canada

$NKORF


November 18, 2020

November 18, 2020 – Toronto, Ontario – Mineralized boulders with up to 0.41% Nickel (“Ni”) have been discovered ‘down ice’ of the Smoke Lake airborne electromagnetic (“EM”) survey, as well as soil samples with up to 565 ppm Ni (>40 times background levels) at the Tyko Nickel-Copper-PGE Project, located in Ontario, Canada, said Palladium One Mining (“Palladium One” or the “Company”) (TSXV: PDM, FRA: 7N11, OTC: NKORF) today. Initially scheduled for June 2020 in response to the Covid-19 lockdown and suspension of exploration activities in Finland during March 2020, diamond drilling of the EM target at Smoke Lake is now scheduled commence on November 23, 2020.

Key Highlights:

Mineralized boulders and high nickel and copper values in soils indicate potential for high-grade massive sulphide mineralization.
Geophysics suggests that mineralization is shallow thus opening up the possibility of open pit mining potential.
High-resolution geophysical surveys currently underway, including drone-based magnetics and ground-based EM to further refine Smoke Lake EM anomaly.
Up to 0.41% Ni in boulders located 180 m ‘down ice’ of the Smoke Lake EM anomaly.
Up to 565 ppm Ni (>40 times background) in soil samples located 90 m ‘down ice’ of the Smoke Lake EM anomaly.
Boulders closely resemble Ni-Cu mineralization at the RJ and Tyko zones which have returned up to 4.71% Ni over 0.87m in diamond drilling.
Initial Phase I diamond drill program to begin on November 23, 2020.


See rest of report here

https://www.palladiumoneinc.com/news/2020/palladium-one-discovers-up-to-041-nickel-in-boulders-and-begins-drill-program-at-the-tyko-nickel-copper-pge-project-in-canada








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