(Kitco News) – Palladium One (TSXV: PDM) announced that today’s addition of a NI43-101 compliant resource estimate for the Haukiaho zone has doubled the company’s mineral resource endowment at its LK project in Finland.
The company said that the total mineral resources at the LK project are now consist of 0.6 million ounces palladium equivalent (“Pd_Eq”) of indicated resources (1.60 g/t, 11 million tonnes), and 1.7 million ounces Pd_Eq of inferred resources (1.19 g/t, 44 million tonnes).
The quality and scale of the company’s overall resource potential at the LK project “continues to impress”, Palladium One noted in its statement.
The company added that resource definition drilling for its primary focus area, Kaukua and the Western half of Kaukua South, has been completed. An updated Kaukua Area NI43-101 resource estimate is scheduled at year end.
President and CEO Derrick Weyrauch said, “In two short years LK has grown significantly, and we have the next mineral resource update at the Kaukua Area scheduled at year end. LK is clearly shaping up to be a globally significant project in a best-in-class mining jurisdiction. Based on the significant number of drill targets still to be tested, we see a tremendous amount of resource expansion potential remaining to be defined.”
Palladium One Mining is an exploration company targeting district scale, platinum-group-element (PGE)-copper nickel deposits in Finland and Canada. Its flagship project is the Läntinen Koillismaa or LK project, a palladium dominant platinum group element-copper-nickel project in north-central Finland, ranked by the Fraser Institute as one of the world’s top countries for mineral exploration and development.