Palladium One Mining (TSXV: PDM) reported successful discoveries in the first two drill holes of the 2020 drill program at its Tyko Ni-Cu-PGE project in Ontario, Canada.
In a press release, the miner said that at less than 30 metres true-depth, a 4-metre and a 2-metre wide drill intercept of massive magmatic sulphide was discovered at the property’s Smoke Lake airborne electromagnetic target.
At the same time, drone-based magnetic surveying identified a strong mag bullseye associated with soil anomalies representing the surface expression of the EM anomaly.
According to Palladium One, the initial drill holes along with new Mag and EM surveys suggest a shallow southwest dipping massive sulphide body that plunges to the west-northwest.
“This is the first occurrence of massive sulphides on the Tyko project,” Derrick Weyrauch, the company’s president and CEO, said in the media brief. “Given disseminated sulphides produced over 1% nickel in other zones on the project, we have high expectations for this new zone and are eagerly awaiting assay results.”
Tyko is an early stage, high-sulphide tenor, nickel-focused project located approximately 65 kilometres northeast of the town of Marathon, in the heart of the Canadian Shield. The most recent drill hole intercepts at the property returned up to 1.06% Ni over 6.22 m including 4.71% Ni over 0.87m in hole TK-16-010.