Palladium One Outlines Large Mineralized System at Tyko Project, Drilling Underway Targeting New Nickel Sulphide Discoveries

About Palladium One Mining Inc.

Palladium One Mining Inc. (TSXV: PDM) is a Canadian mineral exploration and development company targeting district scale nickel-copper sulphide and platinum group element deposits in Canada and Finland. The company recently announced results from the first deep penetrating MagnetoTelluric (MT) survey conducted on its Tyko Nickel-Copper Project in Ontario, Canada.

Led by President and CEO Derrick Weyrauch, Palladium One is focused on discovering environmentally and socially conscious critical green transportation metals. The company is targeting district scale nickel-copper sulphide and platinum group element deposits in Canada and Finland. Its flagship project is the Läntinen Koillismaa PGE-copper-nickel project in Finland which already hosts NI43-101 compliant mineral resources. Palladium One also holds the Tyko and Canalask nickel-copper projects in Ontario and Yukon, Canada respectively.

MagnetoTelluric Survey Reveals Large Anomaly at West Pickle Zone

The recent MT survey on the Tyko I property generated very positive results, outlining a 1,600 meter long MT resistivity anomaly coincident with the high-grade West Pickle Zone. Importantly, the anomaly extends eastward towards the RJ Zone, suggesting the two zones likely form part of one large mineralized system.

The survey was the first deep penetrating geophysical survey conducted on the project and used the advanced SPARTAN MT system capable of detecting both high-grade massive sulphide mineralization and blebby to disseminated sulphide zones. It targeted a highly prospective 2,800 meter strike length between the West Pickle and RJ zones which host multiple anomalous copper and nickel soil results and associated magnetic highs.

According to President and CEO Derrick Weyrauch, “We are very pleased to announce positive results from the first MT survey on the Tyko Project that indicate a strong MT resistivity anomaly extending from our high-grade West Pickle zone toward multiple copper and nickel in-soil anomalies associated with the interpreted Chonolith / Feeder Dyke target.”

The results provide critical insight into the continuity of mineralization between the zones which will help target ongoing drilling at Tyko.

Diamond Drill Program Now Underway

On the back of the promising MT results, the company has commenced its diamond drill program at Tyko. Drilling is focused on the West Pickle Zone and the newly acquired Moshkinabi mafic ultramafic complex located on the Tyko II property.

The drill program will follow up on previous high-grade sulphide nickel intercepts returned from the West Pickle Zone including:

• 1.04% Ni and 0.23% Cu over 16.2 meters starting at 2.0 meters in hole TK16-002
• 0.93% Ni and 0.44% Cu over 11.8 meters starting at 33.0 meters in hole TK16-001

These results confirm the presence of high-grade nickel-copper sulphide mineralization at West Pickle that remains open along strike and at depth. The current program aims to expand the zone and also test for mineralization linking West Pickle with RJ.

Along with drilling, the summer 2023 field program collected an additional 7,340 soil samples and involved extensive geological mapping to refine the company’s understanding of the geology across the Tyko project. Both activities helped validate the interpreted feeder dyke/chonolith model which is critical for targeting potential high-grade massive sulphide mineralization.

Tyko an Emerging Nickel-Copper District Play

The Tyko Nickel-Copper-Cobalt Project covers approximately 13,000 hectares over a 30 kilometer strike length. Exploration to date has demonstrated the potential for a new nickel sulphide district within the project area.

Mineralization across the three main zones, RJ, West Pickle and Smoke Lake, is interpreted to be connected to a large, dynamic magmatic system marked by the presence of numerous mafic-ultramafic intrusions. These feeder dyke/chonolith structures are critical conduits for mobilizing sulphide minerals from the deeper magma source regions.

The recent survey results provide evidence that the mineralized structures extend undercover between the known zones, effectively expanding the footprint of the mineralized system.

With soil sampling and mapping validating the interpreted geological model, the stage is set for systematic drill testing of the modeled chonolith trends and associated geophysical and geochemical anomalies. Success could quickly outline a significant new nickel sulphide district in Ontario capable of delivering robust tonnage to support a central milling operation.

Investment Case

Palladium One Mining offers exposure to nickel and copper, both critical metals for the green energy transition. The company has assembled a significant land package covering district scale opportunities in proven geological settings in Canada and Scandinavia.

With drilling now underway, investors have the opportunity to participate in a potentially company-making discovery at Tyko where exploration results continue to validate the geological interpretation. The MT survey findings are a critical piece of the exploration puzzle, giving the company increased confidence to aggressively drill test the extensive mineralized system.

As results flow and the company refines targets, expect a steady news flow from systematic exploration across a broad front. For risk tolerant investors, Palladium One offers an opportunity to get in early on what is shaping up to be an exciting nickel discovery story.

Conclusion

Palladium One Mining is exploring district scale nickel-copper-PGE projects in Canada and Finland. Recent results from its first deep penetrating geophysical survey at the Tyko Project in Ontario outlined a large MT anomaly coincident with high-grade mineralization at the West Pickle Zone. The anomaly extends towards the RJ Zone along trend, suggesting the zones form part of a much larger mineralized system. A diamond drill program is now underway at Tyko focused on expanding the known high-grade zones and testing the continuity between zones.

With drilling commencing concurrent with validation of the geological model, Palladium offers exposure to a potentially significant new nickel sulphide discovery in a proven mining jurisdiction. Investors interested in the critical metals powering the green revolution would do well to keep a close eye on continued exploration results from Tyko.