Palladium One Mining has released the initial results from the first Induced Polarization (IP) survey grid at Kaukua East, in Finland.
Palladium One Mining (TSXV:PDM, FRA:7N11,OTC Pink:NKORF) has released the initial results from the first Induced Polarization (IP) survey grid, Kaukua East, and has discovered a large chargeability anomaly, representing the eastern extension of the palladium dominant Kaukua South zone.
As quoted from the press release:
The Kaukua South Zone anomaly now extends over a two (2) kilometre strike length.
The Kaukua East IP survey identified a much stronger and wider chargeability anomaly than the previous 2008 IP survey conducted at Kaukua. The 2008 IP survey was instrumental in identifying the Kaukua deposit which hosts 1.2 million Palladium equivalent (Pd_eq) ounces and has a strike length of one kilometre.
“It is apparent that the Kaukua mineralized system is much larger than previously understood. The Kaukua South Zone was thought to be cut-off to the east, whereas the 2020 IP survey clearly illustrates a highly chargeable anomaly extending for over one (1) kilometre east of the known mineralized zone. Significantly, the chargeability anomaly on the new Kaukua East survey appears to be more intense and wider than the one on the 2008 survey, making it a very high priority drill target. As a consequence of the new IP survey model, we are very optimistic that the greater Kaukua Area could have a much larger resource endowment than previously understood.” commented Derrick Weyrauch, President and CEO.