- Palladium One Mining (PDM) has expanded its Tyko project by an additional 4,400 hectares
- The company has signed two option agreements for two claims adjacent to Tyko: Pickle Lake and Cupa Lake
- The additional 3,500 hectares were purchased from the original optionors of the Tyko project
- Palladium recently completed a VTEM survey and continues to advance its summer exploration program
- Palladium One Mining Inc. is an exploration company targeting district scale, platinum-group-element-copper-nickel deposits in Finland and Canada
- Palladium One Mining Inc. (PDM) closed trading up 4.65 per cent, trading at $0.225 per share
Palladium One Mining (PDM) has expanded its Tyko project by an additional 4,400 hectares, bringing the property’s total area to over 24,500 hectares.
The company has signed two option agreements for two claims adjacent to Tyko, located northeast of Marathon, Ontario.
The first is with First Class Metals Ltd. for the 700-hectare Pickle Lake property, which is located on the west side of the Tyko project.
Palladium also signed an option agreement with a local prospector for the 250-hectare Cupa Lake property east of the Smoke Lake zone.
The additional 3,500 hectares were purchased from the original optionors of the Tyko project.
Derrick Weyrauch, president and CEO of Palladium One Mining, commented on the project expansion.
“Tyko continues to impress and warrants increased levels of expenditure and exploration,” he said. “We believe that in addition to the high-grade Smoke Lake zone, there are new zones of nickel-copper mineralization yet to be discovered.”
The company recently completed a Versatile Time Domain Electromagnetic (VTEM) survey across the entire Tyko project. The survey covered over 3,100 kilometres of the property in large areas where no previous electromagnetic surveys had been flown.
“We are awaiting result from the 3,100-kilometer airborne Electro Magnetic (VTEMmax) survey which will guide further exploration,” said Mr. Weyrauch.
Palladium continues to advance its summer exploration program, with mapping, prospecting, and soil sampling well underway.
Palladium One Mining Inc. is an exploration company targeting district scale, platinum-group-element (PGE)-copper-nickel deposits in Finland and Canada.
Palladium One Mining Inc. (PDM) closed trading up 4.65 per cent, trading at $0.225 per share as of 3:59 pm ET.
