Palladium One Mining, a Canadian junior mineral exploration and development company, has expanded its Tyko nickel and copper district holdings with the acquisition of the highly prospective Tyko II property in Ontario, Canada.
The Tyko II property was acquired through a combination of staking (47 claims, totalling 994 ha) and claim purchases (307 claims, totalling 7 627 ha) from local prospectors.
"This property expansion bolsters the Company’s nickel – copper strategy in a premiere mining jurisdiction and specifically in a highly prospective, relatively unexplored region, where it now controls 38,130 hectares," said Derrick Weyrauch, President and CEO of the company. "Having completed the majority of the planned 2023 prospecting, mapping and soil sampling program, the company is on track to begin drill testing new and existing targets in mid-October."
The company said that existing exploration drill permits and a network of logging roads allow for near term drilling.
"With $14.5 million of cash on hand as of the end of Q2 the Company is well financed for our planned activities", Weyrauch commented.
Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished
