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Palladium One - President and CEO Derrick Weyrauch (left)
President and CEO Derrick Weyrauch (left)
Source: Palladium One
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  • Palladium One Mining (PDM) has intersected its highest grade intercept to date at the Kaukua South zone of the LK Project in Finland
  • Kaukua South hole LK21-081 intersected 4.07 g/t palladium equivalent over 24 metres
  • CEO Derrick Weyrauch believes that this hole represents “potential for higher grade core zones within the Kaukua Area”
  • Palladium One Mining is an exploration company targeting district scale, platinum-group-element (PGE)-copper-nickel deposits in Finland and Canada
  • Palladium One Mining (PDM) is currently up 7.69 per cent, trading at $0.21 per share

Palladium One Mining (PDM) has intersected its highest grade intercept to date at the Kaukua South zone of the LK Project in Finland.

Kaukua South hole LK21-081 intersected 4.07 g/t palladium equivalent over 24 metres within 2.08 g/t palladium equivalent over 112 metres, starting at 171.5 metres deep.

Derrick Weyrauch, President and CEO of Palladium One, commented,

“Our Kaukua South discovery continues to deliver excellent results and demonstrates potential for higher grade core zones within the Kaukua Area.”

He added, “We believe there are several other higher-grade core zones yet to be defined based on the significant number of drill targets still to be tested.”

Hole LK21-081 returned 234-gram meters, surpassing hole LK20-016 which returned 201-gram meters in October 2020.

These holes are part of two parallel, higher grade, southwest plunging core zones at Kaukua South. Palladium One believes that the core zones may represent magma channels.

So far, assays have been received for holes up to LK21-082, with a drill data cut-off date of September 4, 2021.

More assays are pending and will be released when they are available.

Palladium One Mining is an exploration company targeting district scale, platinum-group-element (PGE)-copper-nickel deposits in Finland and Canada.

Palladium One Mining (PDM) is currently up 7.69 per cent, trading at $0.21 per share as of 12:18 pm ET.

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