Murtolampi Zone Strike Now Defined Over 600m
Palladium One Mining Inc. (TSXV: PDM) has intersected shallow, high-grade mineralisation at the Murtolampi Zone in Finland.
The company reported that starting at only 11 m down hole, hole LK20-026 at the Murtolampi Zone, intersected high-grade open pit potential mineralisation returning 13 m at 3.4 g/t palladium equivalent (Pd_Eq)within 79 m at 2.0 g/t Pd_Eq.
President and CEO, Derrick Weyrauch, said the shallow high-grade results suggest potential for a low-cost satellite open pit at Murtolampi, which is close to the existing Kaukua deposit, located two km to the south.
Mr Weyrauch said the mineralised peridotite at Murtolampi has now been defined over a 600m strike length and the Zone remains open for expansion both laterally and at depth.
“The at surface mineralisation at Murtolampi continues to advance a potentially valuable satellite pit to the Kaukua deposit which is located only 2 km to the south,” Mr Weyrauch, said.
“Hole LK20-026 is by far the highest-grade hole drilled to date at Murtolampi, we look forward to additional results from this zone in the Phase II drill program.”
The Murtolampi zone hosts both mineralised (holes LK20-12, 024 & 026) and unmineralised (hole (LK20-025) peridotite. Based on its discovery success this year, the company has launched a 17,500m phase II diamond drill programme which will be focused on the Kaukua South and Murtolampi zones.