Great Bear Provides Two New Detailed High-Grade Long Sections and Reaches 318 Drill Holes Reported on Two Year Anniversary of LP Fault Discovery

 

June 21, 2021 – Vancouver, British Columbia, Canada – Great Bear Resources Ltd. (the “Company” or “Great Bear”, TSX-V: GBR; OTCQX: GTBAF) today reported results from its ongoing fully funded $45 million 2021 exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario.

Chris Taylor, President and CEO of Great Bear said, “We are now only months away from completing more than fifty 40 – 50 metre spaced drill sections along 4.2 kilometres of the LP Fault zone.  These will be required for maiden mineral resource estimation modelling of the near-surface (0 – 400 metre depth), central area of the zone.  In this release we provide example cross section 20625, which intersects both high-grade and bulk tonnage gold over an approximate width of 200 metres, as shown on Figure 1.  We also provide a table of all individual sample assay results to our web site from every drill hole traversing the upper 200 metres from surface on this section.  Additional representative sections will be provided as drilling progresses.”

Example Cross Section 20625

New drill hole BR-315 was completed within a 100 metre previously undrilled gap in section 20625 and successfully intersected the three high-grade domains BR7, AURO20 and BR1 which were described in news releases on May 19 and June 3, 2021.  It also intersected a fourth recently defined high-grade gold domain, BR4, southwest of the other high-grade domains.  BR-315 also intersected bulk tonnage style gold mineralization between the high-grade domains.  Highlights of results include:

• High-grade intercepts include 400.00 g/t gold over 0.50 metres from 175.50 to 176.00 metres downhole.  The interval is within newly defined high-grade domain BR4.
  
• Bulk-tonnage gold intercepts include 2.23 g/t gold over 77.40 metres from 69.60 to 147.00 metres downhole.
  
• This included 5.14 g/t gold over 20.70 metres from 75.30 to 96.00 metres downhole as the drill hole traversed high-grade domain AURO20, and 3.83 g/t over 12.15 metres from 117.50 to 129.65 metres downhole as the drill hole traversed domain BR7.
  
• BR-315 was collared within high-grade domain BR1, as shown on Figure 1.  It intersected 7.58 g/t gold over 1.95 metres from 56.90 to 58.85 metres downhole corresponding to the up-dip projection of domain BR1 on this drill section.
  
  

On the same section, new drill hole BR-314 was collared near the southwest edge of the LP Fault zone.  The hole successfully extended high-grade domain BR7 to the near-surface.  Results include:

• 55.40 g/t gold over 0.70 metres from 48.70 – 49.40 metres downhole, within a broader interval of 5.39 g/t gold over 10.40 metres from 43.35 to 53.75 metres downhole.
  

Figure 
1: Example cross section 20625 showing all individual assays from reported highlighted intervals with labelled high-grade domains in the near-surface, 200 m x 200 m area of the LP Fault zone. Gold image is of a select interval and does not represent all gold mineralization on the property.

A new table of all individual sample assays within the main gold-hosting felsic volcanic rocks in drill holes BR-140, 141, 212, 299, 314 and 315 are provided on the Company’s web site at https://greatbearresources.ca/projects/overview/dixie-project-data/.   These holes collectively define the mineralized zone over a width of approximately 200 metres, and from surface to approximately 200 metres vertical depth at this location.

 

Bulk Tonnage Gold Drilling

11 of the 13 drill holes in this release tested the bulk-tonnage style “halo” adjacent to the high-grade domains along more than 2.5 kilometres of strike length.  Drilling intersected gold mineralization from bedrock surface to 500 metres vertical depth.

Results from the bulk tonnage style gold mineralization are presented separately from the high-grade domains, and include:

• Drill hole BR-309 intersected 80.90 metres of bulk-tonnage style gold mineralization over 117 metres of core length between approximately 85 metres and 180 metres vertical depth.  Intervals include:
  
  • 0.85 g/t gold over 23.00 metres from 91.10 to 114.10 metres downhole.
    
  • 0.50 g/t gold over 31.00 metres from 142.00 to 173.00 metres downhole.
    
  • 0.57 g/t gold over 26.90 metres from 193.00 to 219.90 metres downhole.
    
• Drill hole BR-332 intersected 1.02 g/t gold over 52.65 metres from 176.25 to 228.90 metres downhole.  The interval extends from approximately 150 to 200 metres vertical depth.
  
• Drill hole BR-306 intersected 1.08 g/t gold over 106.70 metres from 397.30 to 504.00 metres downhole.  The interval extends from approximately 340 to 430 metres vertical depth. 
  
• Drill hole BR-304 intersected 0.73 g/t gold over 74.35 metres from 495.15 to 569.50 metres downhole in drill hole BR-304. This interval extends from approximately 430 to 500 metres vertical depth.
  

Results demonstrate the gold mineralized zone remains open to extension in all tested locations.  The deepest drilling to date has been to approximately 800 metres vertical depth (March 29, 2021).

New Drill Plans

The Company has now released results from 331 LP Fault drill holes.  An additional 50 drill holes are in various stages of completion, ranging from active drilling to being complete and awaiting receipt of assays.  Approximately 400 drill holes are believed to be required for near-surface maiden mineral resource estimation, and this work is anticipated to be completed over the coming months.

For the first time in a year, follow up drilling of previously successful reconnaissance holes completed elsewhere along 11 kilometres of the LP Fault will now be undertaken, in addition to the systematic extension and infill drilling of the central LP Fault zone which will remain ongoing.  Figure 3.

Regional drilling will include a one kilometre step-out to the east of the central 4.2 kilometre drill grid.  Concurrently, deeper drilling of the central LP Fault zone below the approximately 400 metre vertical depth of the planned resource area will continue into 2022.  Drilling will also recommence during summer/fall 2021 on the Hinge and Dixie Limb zones.

Table 
1: Current LP Fault drill results targeting the bulk-tonnage style halo of the gold mineralized system, arranged from southeast (top) to northwest (bottom) .  Only drill holes BR-314 and BR-315 targeted the high-grade core of the zone.

* Widths are drill indicated core length, as insufficient drilling has been undertaken to determine true widths at this time.  Average grades are calculated with un-capped gold assays, as insufficient drilling has been completed to determine capping levels for higher grade gold intercepts.  Interval widths are calculated using a 0.10 g/t gold cut-off grade with up to 3 m of internal dilution of zero grade.

Figure 
2: Complete drill section 20625 spanning an 800 m x 800 m area with highlighted assays. 

Figure 3: Map of current drill results and current and upcoming drill areas at the Dixie project.

Great Bear’s progress can be followed using the Company’s plan maps, long sections and cross sections, and through the VRIFY model posted at the Company’s web site at www.greatbearresources.ca.  All LP Fault drill hole highlighted assays, plus drill collar locations and orientations can also be downloaded at the Company’s web site.

Drill collar location, azimuth and dip for drill holes included in this release are provided in the table below (UTM zone 15N, NAD 83):

About the Dixie Project

About the Dixie Project

The Dixie Project is 100% owned, comprised of 9,140 hectares of contiguous claims that extend over 22 kilometres, and is located approximately 25 kilometres southeast of the town of Red Lake, Ontario. The project is accessible year-round via a 15 minute drive on a paved highway which runs the length of the northern claim boundary and a network of well-maintained logging roads.

The Dixie Project hosts two principal styles of gold mineralization:

• High-grade gold in quartz veins and silica-sulphide replacement zones (Dixie Limb, Hinge and Arrow zones). Hosted by mafic volcanic rocks and localized near regional-scale D2 fold axes.  These mineralization styles are also typical of the significant mined deposits of the Red Lake district.
  
• High-grade disseminated gold with broad moderate to lower grade envelopes (LP Fault).  The LP Fault is a significant gold-hosting structure which has been seismically imaged to extend to 14 kilometres depth (Zeng and Calvert, 2006), and has been interpreted by Great Bear to have up to 18 kilometres of strike length on the Dixie property.  High-grade gold mineralization is controlled by structural and geological contacts, and moderate to lower-grade disseminated gold surrounds and flanks the high-grade intervals.  The dominant gold-hosting stratigraphy consists of felsic sediments and volcanic units.
  

About Great Bear

Great Bear Resources Ltd. is a well-financed gold exploration company managed by a team with a track record of success in mineral exploration.  Great Bear is focused in the prolific Red Lake gold district in northwest Ontario, where the company controls over 200 km² of highly prospective tenure across 4 projects, all 100% owned: The flagship Dixie Project, the Pakwash Property, the Sobel Property, and the Red Lake North Property, all of which are accessible year-round through existing roads.

QA/QC and Core Sampling Protocols

Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario.  Core samples from the program are cut in half, using a diamond cutting saw, and are sent to Activation Laboratories in Ontario, an accredited mineral analysis laboratory, for analysis. All samples are analysed for gold using standard Fire Assay-AA techniques. Samples returning over 10.0 g/t gold are analysed utilizing standard Fire Assay-Gravimetric methods.  Pulps from approximately 5% of the gold mineralized samples are submitted for check analysis to a second lab.  Selected samples are also chosen for duplicate assay from the coarse reject of the original sample.  Selected samples with visible gold are also analyzed with a standard 1 kg metallic screen fire assay.  Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear’s quality control/quality assurance program (QAQC).  No QAQC issues were noted with the results reported herein. 

Qualified Person and NI 43-101 Disclosure

Mr. R. Bob Singh, P.Geo, VP Exploration, and Ms. Andrea Diakow P.Geo, VP, Projects for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.

 

ON BEHALF OF THE BOARD

“Chris Taylor”                                 

Chris Taylor, President and CEO

 

Investor Inquiries:

Mr. Knox Henderson

Tel: 604-646-8354

Direct: 604-551-2360

info@greatbearresources.ca

www.greatbearresources.ca

 

Cautionary note regarding forward-looking statements

This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes.

Forward-looking information are based on management of the parties’ reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.

Such factors, among other things, include: impacts arising from the global disruption caused by the Covid-19 coronavirus outbreak, business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold or certain other commodities; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); discrepancies between actual and estimated metallurgical recoveries; inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties.

Great Bear undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

Great Bear Provides Two New Detailed High-Grade Long Sections and Reaches 318 Drill Holes Reported on Two Year Anniversary of LP Fault Discovery

 

June 21, 2021 – Vancouver, British Columbia, Canada – Great Bear Resources Ltd. (the “Company” or “Great Bear”, TSX-V: GBR; OTCQX: GTBAF) today reported results from its ongoing fully funded $45 million 2021 exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario.

Chris Taylor, President and CEO of Great Bear said, “We are now only months away from completing more than fifty 40 – 50 metre spaced drill sections along 4.2 kilometres of the LP Fault zone.  These will be required for maiden mineral resource estimation modelling of the near-surface (0 – 400 metre depth), central area of the zone.  In this release we provide example cross section 20625, which intersects both high-grade and bulk tonnage gold over an approximate width of 200 metres, as shown on Figure 1.  We also provide a table of all individual sample assay results to our web site from every drill hole traversing the upper 200 metres from surface on this section.  Additional representative sections will be provided as drilling progresses.”

Example Cross Section 20625

New drill hole BR-315 was completed within a 100 metre previously undrilled gap in section 20625 and successfully intersected the three high-grade domains BR7, AURO20 and BR1 which were described in news releases on May 19 and June 3, 2021.  It also intersected a fourth recently defined high-grade gold domain, BR4, southwest of the other high-grade domains.  BR-315 also intersected bulk tonnage style gold mineralization between the high-grade domains.  Highlights of results include:

• High-grade intercepts include 400.00 g/t gold over 0.50 metres from 175.50 to 176.00 metres downhole.  The interval is within newly defined high-grade domain BR4.
  
• Bulk-tonnage gold intercepts include 2.23 g/t gold over 77.40 metres from 69.60 to 147.00 metres downhole.
  
• This included 5.14 g/t gold over 20.70 metres from 75.30 to 96.00 metres downhole as the drill hole traversed high-grade domain AURO20, and 3.83 g/t over 12.15 metres from 117.50 to 129.65 metres downhole as the drill hole traversed domain BR7.
  
• BR-315 was collared within high-grade domain BR1, as shown on Figure 1.  It intersected 7.58 g/t gold over 1.95 metres from 56.90 to 58.85 metres downhole corresponding to the up-dip projection of domain BR1 on this drill section.
  
  

On the same section, new drill hole BR-314 was collared near the southwest edge of the LP Fault zone.  The hole successfully extended high-grade domain BR7 to the near-surface.  Results include:

• 55.40 g/t gold over 0.70 metres from 48.70 – 49.40 metres downhole, within a broader interval of 5.39 g/t gold over 10.40 metres from 43.35 to 53.75 metres downhole.
  

Figure 
1: Example cross section 20625 showing all individual assays from reported highlighted intervals with labelled high-grade domains in the near-surface, 200 m x 200 m area of the LP Fault zone. Gold image is of a select interval and does not represent all gold mineralization on the property.

A new table of all individual sample assays within the main gold-hosting felsic volcanic rocks in drill holes BR-140, 141, 212, 299, 314 and 315 are provided on the Company’s web site at https://greatbearresources.ca/projects/overview/dixie-project-data/.   These holes collectively define the mineralized zone over a width of approximately 200 metres, and from surface to approximately 200 metres vertical depth at this location.

 

Bulk Tonnage Gold Drilling

11 of the 13 drill holes in this release tested the bulk-tonnage style “halo” adjacent to the high-grade domains along more than 2.5 kilometres of strike length.  Drilling intersected gold mineralization from bedrock surface to 500 metres vertical depth.

Results from the bulk tonnage style gold mineralization are presented separately from the high-grade domains, and include:

• Drill hole BR-309 intersected 80.90 metres of bulk-tonnage style gold mineralization over 117 metres of core length between approximately 85 metres and 180 metres vertical depth.  Intervals include:
  
  • 0.85 g/t gold over 23.00 metres from 91.10 to 114.10 metres downhole.
    
  • 0.50 g/t gold over 31.00 metres from 142.00 to 173.00 metres downhole.
    
  • 0.57 g/t gold over 26.90 metres from 193.00 to 219.90 metres downhole.
    
• Drill hole BR-332 intersected 1.02 g/t gold over 52.65 metres from 176.25 to 228.90 metres downhole.  The interval extends from approximately 150 to 200 metres vertical depth.
  
• Drill hole BR-306 intersected 1.08 g/t gold over 106.70 metres from 397.30 to 504.00 metres downhole.  The interval extends from approximately 340 to 430 metres vertical depth. 
  
• Drill hole BR-304 intersected 0.73 g/t gold over 74.35 metres from 495.15 to 569.50 metres downhole in drill hole BR-304. This interval extends from approximately 430 to 500 metres vertical depth.
  

Results demonstrate the gold mineralized zone remains open to extension in all tested locations.  The deepest drilling to date has been to approximately 800 metres vertical depth (March 29, 2021).

New Drill Plans

The Company has now released results from 331 LP Fault drill holes.  An additional 50 drill holes are in various stages of completion, ranging from active drilling to being complete and awaiting receipt of assays.  Approximately 400 drill holes are believed to be required for near-surface maiden mineral resource estimation, and this work is anticipated to be completed over the coming months.

For the first time in a year, follow up drilling of previously successful reconnaissance holes completed elsewhere along 11 kilometres of the LP Fault will now be undertaken, in addition to the systematic extension and infill drilling of the central LP Fault zone which will remain ongoing.  Figure 3.

Regional drilling will include a one kilometre step-out to the east of the central 4.2 kilometre drill grid.  Concurrently, deeper drilling of the central LP Fault zone below the approximately 400 metre vertical depth of the planned resource area will continue into 2022.  Drilling will also recommence during summer/fall 2021 on the Hinge and Dixie Limb zones.

Table 
1: Current LP Fault drill results targeting the bulk-tonnage style halo of the gold mineralized system, arranged from southeast (top) to northwest (bottom) .  Only drill holes BR-314 and BR-315 targeted the high-grade core of the zone.

* Widths are drill indicated core length, as insufficient drilling has been undertaken to determine true widths at this time.  Average grades are calculated with un-capped gold assays, as insufficient drilling has been completed to determine capping levels for higher grade gold intercepts.  Interval widths are calculated using a 0.10 g/t gold cut-off grade with up to 3 m of internal dilution of zero grade.

Figure 
2: Complete drill section 20625 spanning an 800 m x 800 m area with highlighted assays. 

Figure 3: Map of current drill results and current and upcoming drill areas at the Dixie project.

Great Bear’s progress can be followed using the Company’s plan maps, long sections and cross sections, and through the VRIFY model posted at the Company’s web site at www.greatbearresources.ca.  All LP Fault drill hole highlighted assays, plus drill collar locations and orientations can also be downloaded at the Company’s web site.

Drill collar location, azimuth and dip for drill holes included in this release are provided in the table below (UTM zone 15N, NAD 83):

About the Dixie Project

About the Dixie Project

The Dixie Project is 100% owned, comprised of 9,140 hectares of contiguous claims that extend over 22 kilometres, and is located approximately 25 kilometres southeast of the town of Red Lake, Ontario. The project is accessible year-round via a 15 minute drive on a paved highway which runs the length of the northern claim boundary and a network of well-maintained logging roads.

The Dixie Project hosts two principal styles of gold mineralization:

• High-grade gold in quartz veins and silica-sulphide replacement zones (Dixie Limb, Hinge and Arrow zones). Hosted by mafic volcanic rocks and localized near regional-scale D2 fold axes.  These mineralization styles are also typical of the significant mined deposits of the Red Lake district.
  
• High-grade disseminated gold with broad moderate to lower grade envelopes (LP Fault).  The LP Fault is a significant gold-hosting structure which has been seismically imaged to extend to 14 kilometres depth (Zeng and Calvert, 2006), and has been interpreted by Great Bear to have up to 18 kilometres of strike length on the Dixie property.  High-grade gold mineralization is controlled by structural and geological contacts, and moderate to lower-grade disseminated gold surrounds and flanks the high-grade intervals.  The dominant gold-hosting stratigraphy consists of felsic sediments and volcanic units.
  

About Great Bear

Great Bear Resources Ltd. is a well-financed gold exploration company managed by a team with a track record of success in mineral exploration.  Great Bear is focused in the prolific Red Lake gold district in northwest Ontario, where the company controls over 200 km² of highly prospective tenure across 4 projects, all 100% owned: The flagship Dixie Project, the Pakwash Property, the Sobel Property, and the Red Lake North Property, all of which are accessible year-round through existing roads.

QA/QC and Core Sampling Protocols

Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario.  Core samples from the program are cut in half, using a diamond cutting saw, and are sent to Activation Laboratories in Ontario, an accredited mineral analysis laboratory, for analysis. All samples are analysed for gold using standard Fire Assay-AA techniques. Samples returning over 10.0 g/t gold are analysed utilizing standard Fire Assay-Gravimetric methods.  Pulps from approximately 5% of the gold mineralized samples are submitted for check analysis to a second lab.  Selected samples are also chosen for duplicate assay from the coarse reject of the original sample.  Selected samples with visible gold are also analyzed with a standard 1 kg metallic screen fire assay.  Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear’s quality control/quality assurance program (QAQC).  No QAQC issues were noted with the results reported herein. 

Qualified Person and NI 43-101 Disclosure

Mr. R. Bob Singh, P.Geo, VP Exploration, and Ms. Andrea Diakow P.Geo, VP, Projects for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.

 

ON BEHALF OF THE BOARD

“Chris Taylor”                                 

Chris Taylor, President and CEO

 

Investor Inquiries:

Mr. Knox Henderson

Tel: 604-646-8354

Direct: 604-551-2360

info@greatbearresources.ca

www.greatbearresources.ca

 

Cautionary note regarding forward-looking statements

This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes.

Forward-looking information are based on management of the parties’ reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.

Such factors, among other things, include: impacts arising from the global disruption caused by the Covid-19 coronavirus outbreak, business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold or certain other commodities; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); discrepancies between actual and estimated metallurgical recoveries; inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties.

Great Bear undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

Comstock Mining Announces Participation in Noble Capital Markets Virtual Road Show Series

 

Virginia City, NV (June 21, 2021) Comstock Mining Inc. (the “Company”) (NYSE American: LODE) announced today its participation in Noble Capital Markets’ Virtual Road Show Series, presented by Channelchek, scheduled for this Tuesday, June 22, 2021, at 10 AM PDT / 1 PM EDT.

The virtual road show will feature a corporate presentation from Comstock Mining’s Executive Chairman and CEO, Corrado De Gasperis, followed by a Q & A session facilitated by Noble Senior Research Analyst Mark Reichman, including questions submitted by the audience.

There is no charge for this live broadcast of the virtual road show that is open to all investors at any level.

Presentation details: 

Date: Tuesday, June 22, 2021

Time: 10:00-11:00am PDT

Investors can register for the conference: Registration (gotowebinar.com)

  

About Comstock Mining Inc.

Comstock (NYSE: LODE) is an emerging leader in the sustainable extraction, valorization, and production of innovation-based, clean, renewable natural resources, with a focus on high-value, cash-generating, strategic materials that are essential to meeting the rapidly increasing global demand for clean energy, carbon-neutrality, and natural products. To learn more, please visit www.comstockmining.com.

Comstock is also set to join the Russell Microcap^® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted June 4, 2021. Membership in the Russell Microcap^® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

About Noble Capital Markets

Noble Capital Markets, Inc. was incorporated in 1984 as a full-service SEC / FINRA registered broker-dealer, dedicated exclusively to serving underfollowed small / microcap companies through investment banking, wealth management, trading & execution, and equity research activities. Over the past 36 years, Noble has raised billions of dollars for these companies and published more than 45,000 equity research reports. www.noblecapitalmarkets.com email: contact@noblecapitalmarkets.com

About Channelchek

Channelchek (.com) is a comprehensive investor-centric portal – featuring more than 6,000 emerging growth companies – that provides advanced market data, independent research, balanced news, video webcasts, exclusive c-suite interviews, and access to virtual road shows. The site is available to the public at every level without cost or obligation. Research on Channelchek is provided by Noble Capital Markets, Inc., an SEC / FINRA registered broker-dealer since 1984. channelchek.vercel.app email: contact@channelchek.vercel.app

Forward-Looking Statements

This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: consummation of all pending transactions; project, asset or Company valuations; future industry market conditions; future explorations, acquisitions, investments and asset sales; future performance of and closings under various agreements; future changes in our exploration activities; future estimated mineral resources; future prices and sales of, and demand for, our products; future impacts of land entitlements and uses; future permitting activities and needs therefor; future production capacity and operations; future operating and overhead costs; future capital expenditures and their impact on us; future impacts of operational and management changes (including changes in the board of directors); future changes in business strategies, planning and tactics and impacts of recent or future changes; future employment and contributions of personnel, including consultants; future land sales, investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; the nature and timing of and accounting for restructuring charges and derivative liabilities and the impact thereof; contingencies; future environmental compliance and changes in the regulatory environment; future offerings of equity or debt securities; asset sales and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: counterparty risks; capital markets’ valuation and pricing risks; adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over title to properties; potential dilution to our stockholders from our stock issuances and recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting businesses; permitting constraints or delays; decisions regarding business opportunities that may be presented to, or pursued by, us or others; the impact of, or the non-performance by parties under agreements relating to, acquisitions, joint ventures, strategic alliances, business combinations, asset sales, leases, options and investments to which we may be party; changes in the United States or other monetary or fiscal policies or regulations; interruptions in production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors or others; assertion of claims, lawsuits and proceedings; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer.

Contact information:
Comstock Mining Inc. P.O. Box 1118 Virginia City, NV 89440 ComstockMining.com	Corrado De Gasperis Executive Chairman & CEO Tel (775) 847-4755 degasperis@comstockmining.com	Zach Spencer Director of External Relations Tel (775) 847-5272 Ext.151 questions@comstockmining.com

Monday, June 21, 2021

Golden Predator Mining (NTGSF)(GPY:CA)
Keeping an Eye on Critical Milestones

Golden Predator Mining Corp is a Canada based exploration stage company engaged in the business of acquiring and exploring mineral properties. It owns properties primarily in Yukon, Canada. Some of the company’s projects located in Yukon are the 3 Aces, Sprogge, Reef, Brewery Creek, Marg, Sonora Gulch, Grew Creek, Upper Hyland and others.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Quartz mining and water licenses. Brewery Creek’s quartz mining and water licenses expire on December 31, 2021, and the company has submitted renewal applications for an additional 10 years under existing terms. The company is also working with the Yukon Environmental and Socioeconomic Assessment Board (YESAB) to determine if any assessment is needed for the license renewals. Future amendments to the licenses would be evaluated separately based on any proposals by the company to mine outside of current licensed areas.


Bankable feasibility study (BFS).  A bankable feasibility study, expected to be completed early in the third quarter of 2021, is being completed by Kappes Cassiday & Associates and will include a multi-year mine plan for Brewery Creek. Once completed, Golden Predator will work with First Nations and Yukon government to expand the licensed mining area to expand the licensed mining area to include new …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Bacteria Can Recover Precious Metals from Electric Vehicle Batteries – Here’s How

 

There are more than 1.4 billion cars in the world today, and that number could double by 2036. If all those cars burn petroleum, the climate consequences will be dire. Electric cars emit fewer air pollutants and if they’re powered by renewable energy, driving one wouldn’t add to the greenhouse gases warming Earth’s atmosphere.

But producing so many electric vehicles (EVs) in a decade would cause a surge in demand for metals like lithium, cobalt, nickel and manganese. These metals are essential for making EV batteries, but they’re not found everywhere. Most of the world’s lithium lies under the Atacama Desert in South America, where mining threatens local people and ecosystems.

Leading manufacturers of EVs need to keep import costs low and find a reliable source of these raw materials. Mining the deep sea is one option, but it could also damage habitats and endanger wildlife. At the same time, waste electronics filled with precious metals are piling up in landfills and in some of the world’s poorest regions – with 2.5 million tonnes added to the total each year.

EV batteries themselves only have a shelf life of eight to ten years. Lithium-ion batteries are currently recycled at a meager rate of less than 5% in the EU. Instead of mining new sources of these metals, why not reuse what’s already out there?

 

The Recycling Economy

The largest lithium-ion battery recyclers are based in China. While recycling is often treated as an obligation that companies should be paid to do in North America and Europe, competition is so intense for dead batteries in China that recyclers are willing to pay to get their hands on them.

Most of the batteries that do get recycled are melted and their metals extracted. This is often done in large commercial facilities which use lots of energy and so emit lots of carbon. These plants are expensive to build and operate and require sophisticated equipment to treat the harmful emissions generated by the smelting process. Despite the high costs, these plants rarely recover all valuable battery materials.

The value of the global market for metal recycling is expected to grow from US$52 billion (£37 billion) in 2020 to US$76 billion by 2025. Without less energy-intensive recycling methods, this emerging industry will only exacerbate environmental problems. But there is a natural process for extracting precious metals from waste that’s been used for decades.

 

Bugs for Batteries

Bioleaching, also called biomining, employs microbes that can oxidize metal as part of their metabolism. It has been widely used in the mining industry, where microorganisms are used to extract valuable metals from ores. More recently, this technique has been used to clean up and recover materials from electronic waste, particularly the printed circuit boards of computers, solar panels, contaminated water, and even uranium dumps.

My colleagues and I in the Bioleaching Research Group at Coventry University have found that all metals present in EV batteries can be recovered using bioleaching. Bacteria like Acidithiobacillus ferrooxidans and other non-toxic species target and recover the metals individually without the need for high temperatures or toxic chemicals. These purified metals constitute chemical elements, and so can be recycled indefinitely into multiple supply chains.

 

 

Scaling up bioleaching involves growing bacteria in incubators at 37°C, often using carbon dioxide. Not a lot of energy is needed, so the process has a much smaller carbon footprint than typical recycling plants while also contributing less pollution. While reducing EV battery waste, bioleaching facilities mean manufacturers can recover these precious metals locally and rely less on the few producer countries.

Academics working on bioleaching stop once they’ve removed all the precious metals from the electronic waste and they’re floating in solution. This is not enough for the industry. We combine bioleaching with electro-chemical methods that can fish out these metals and make them useful for supply chains. Unfortunately, existing methods in metal recycling which involve lots of energy and toxic chemicals have been used for decades. Industries can’t always afford to innovate, so it’s up to the government to mandate changes and invest in cleaner alternatives.

EV batteries are a technology still in their infancy. The reuse of their components should be considered as part of their design. Rather than remaining an afterthought, recycling can become both the beginning and end of an EV battery’s life cycle with bioleaching, producing high-quality raw materials for new batteries at low environmental cost.

 

 

This article was republished with permission from The
Conversation, a news site dedicated to sharing ideas from academic
experts.  It was written by and represents the research-based opinions of Sebastien Farnaud Professor
of Bio-innovation and Enterprise, Coventry University

 

Suggested  Reading:

Lithium Ion Battery Recycling Market Heats Up	ESG Indicators and How to Use Them

BATTERIES INCLUDED – Tesla’s EV Revolution and Materials Suppliers	Can Mining be Green and Sustainable?

 

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Friday, June 18, 2021

Palladium One Mining Inc. (NKORF)(PDM:CA)
Still in the Shadow of LK?

Palladium One Mining Inc is a palladium dominant, PGE, nickel, copper exploration and development company. Its assets consist of the Lantinen Koillismaa and Kostonjarvi PGE-Cu-Ni projects, located in north-central Finland and the Tyko Ni-Cu-PGE and Disraeli PGE-Ni-Cu properties in Ontario, Canada. LK is targeting disseminated sulphide along 38 kilometers of favorable basal contact. The KS project is targeting massive sulphide within a 20,000-hectare land package covering a regional scale gravity and magnetic geophysical anomaly. Tyko is a 13,000-hectare project targeting disseminated and massive sulphide in a highly metamorphosed Archean terrain. Disraeli is a 2,500-hectare project targeting PGE-rich disseminated and massive sulphide in a highly productive Proterozoic mid-continent rift.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Initial results from the Phase II Tyko drill program. A total of 14 holes representing 1,370 meters of drilling were completed, of which 11 intersected massive and/or semi-massive sulphide mineralization at the Smoke Lake Zone. The company has reported results for 6 of the 14 holes completed. Included were results for Hole TK21-034 which returned 9.5% nickel equivalent over 1.7 meters, within 6.0% nickel equivalent over 5.0 meters, from 66 meters down hole. Hole TK21-029 returned 9.0% nickel equivalent over 0.9 meters, within 7.8% nickel equivalent over 3.1 meters, from 31 meters down hole. Drilling results at Tyko have revealed high-grade nickel intercepts and significant exploration potential.


Increasing the strike length to 350 meters.  Recall that ground-based and borehole EM surveys outlined two significant conductors at Smoke Lake. An important outcome of the Phase II drill program was the strike length extension to 350-meters combined with linking high-grade massive sulphide mineralization between the upper conductor and lower conductor which returned 6.0% nickel equivalent over 5.0 …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Palladium One Intercepts More High-Grade Nickel Including, 6.0% Nickel_Eq (13.9% Cu_Eq) Over 5.0 Meters at Tyko Nickel-Copper Project, in Ontario, Canada

 

• Second conductor confirmed to host high-grade massive to semi massive sulphide mineralization.
• Nickel-copper continuity confirmed along 350-meter, near surface, strike length.
• 9.5% Ni_Eq over 1.7 meters, within 6.0% Ni_Eq over 5.0 meters, from 66 meters down hole (TK21-034).
• 9.0% Ni_Eq over 0.9 meters, within 7.8% Ni_Eq over 3.1 meters, from 31 meters down hole (TK21-029).
• 7.7% Ni_Eq over 1.1 meters, within 7.0% Ni_Eq over 3.5 meters, from 45 meters down hole (TK21-030).

Toronto, Ontario–(Newsfile Corp. – June 17, 2021) – Initial results have been received from the Phase II Tyko drill program said Palladium One Mining (TSXV: PDM) (FRA: 7N11) (OTCQB: NKORF) (“Palladium One” or the “Company”) today. The Phase II program was designed to test the down dip continuity of the EM Maxwell Plate “Plates” that were modelled subsequent to the Q4 2020 Phase I drill program.

A total of 14 holes were completed, 11 of which intersected massive and/or semi-massive sulphide mineralization at the Smoke Lake Zone, which previously returned up to 9.9% Nickel equivalent (23% Copper equivalent, 30.1 g/t Gold equivalent*) (8.1% Ni, 2.9% Cu, 0.61g/t Pd, 0.71g/t Pt, and 0.02g/t Au) over 3.8 metres (see press release January 19, 2021). This release contains the results for the first 6 holes of the Phase II program.

President and CEO, Derrick Weyrauch commented, “Smoke Lake continues to deliver exceptional nickel grades. These results, notably hole TK21-034 indicate that the upper and lower plates are in fact one continuous sulphide lens. Additionally, evidence exists that the high-grade mineralization has been remobilized, thus seeking the source of mineralization is our top priority.”

The most important result of Phase II drill program was the strike length extension to 350-meters combined with linking high-grade massive sulphide mineralization between the ‘upper conductor’ with the ‘lower conductor’ (see hole TK21-034 which returned 6.0% Ni_Eq (13.9% Copper equivalent, 18.6 g/t Gold equivalent*) over 5.0 meters (Figure 1 and 2)).

The Phase II drill program indicates a continuous elongate lens of high-grade sulphide mineralization that dips to the west and plunges to the northwest. Significantly, the sulphide mineralization appears to be remobilized and injected into the tonalite host rocks, cross cutting the foliation in the tonalite and containing well-rounded tonalite and biotite altered hornblendite clasts.

A total of 14 holes totaling 1,370 meters were completed before a significant drill breakdown combined with the onset of early spring conditions forced the suspension of the drill program. Drilling is planned to resume once Geotech’s VTEMmax airborne EM survey and the summer field program have been concluded.

Table 1: Tyko 2021 Phase II Drill Results from the Smoke Lake Zone

Hole	From (m)	To (m)	Width (m)	Ni_Eq %	Cu_Eq %	Au_Eq g/t*	Ni %	Cu %	Co %	PGE g/t (Pd+Pt+Au)	Pd g/t	Pt g/t	Au g/t
TK21-029	30.4	37.0	6.6	3.97	9.25	12.29	3.08	1.59	0.04	0.56	0.30	0.25	0.01
Inc.	31.1	34.1	3.1	7.80	18.21	24.07	6.22	2.77	0.08	1.10	0.61	0.48	0.02
Inc.	31.1	33.3	2.2	8.65	20.19	26.52	7.13	2.51	0.09	1.29	0.72	0.55	0.02
Inc.	31.1	32.0	0.9	9.05	21.12	27.38	7.90	1.52	0.11	1.30	0.75	0.53	0.02
TK21-030	45.0	59.2	14.1	2.21	5.15	6.79	1.76	0.71	0.03	0.38	0.16	0.22	0.01
Inc.	45.0	48.5	3.5	6.97	16.27	21.35	5.68	2.19	0.08	0.89	0.45	0.42	0.02
Inc.	46.4	47.6	1.1	7.72	18.02	23.14	6.93	0.97	0.09	0.91	0.52	0.37	0.02
And	58.2	59.2	1.0	4.43	10.33	13.73	3.38	0.93	0.12	1.95	0.58	1.35	0.02
Inc.	58.2	58.8	0.6	5.88	13.72	18.21	4.49	1.12	0.17	2.75	0.78	1.95	0.03
TK21-031	41.9	44.6	2.7	3.88	9.05	12.15	2.88	1.78	0.04	0.70	0.34	0.33	0.03
Inc.	42.4	44.0	1.6	6.32	14.74	19.75	4.73	2.84	0.07	1.08	0.55	0.51	0.02
Inc.	42.8	44.0	1.2	8.09	18.88	25.23	6.13	3.48	0.09	1.37	0.68	0.66	0.02
TK21-032	63.4	69.8	6.5	1.82	4.24	5.77	1.29	0.91	0.02	0.47	0.22	0.24	0.00
Inc.	63.4	67.6	4.2	2.49	5.81	7.91	1.76	1.25	0.03	0.65	0.31	0.33	0.01
Inc.	65.7	66.1	0.4	4.91	11.45	15.00	4.02	1.10	0.05	1.54	0.47	1.06	0.01
TK21-033	55.4	72.0	16.6	1.20	2.81	3.75	0.92	0.50	0.01	0.21	0.10	0.11	0.00
Inc.	61.5	68.0	6.5	2.55	5.95	7.91	1.97	1.02	0.03	0.42	0.20	0.22	0.00
Inc.	66.3	68.0	1.8	6.58	15.36	19.69	5.91	0.84	0.06	0.94	0.39	0.55	0.01
Inc.	67.7	68.0	0.4	9.32	21.75	27.99	8.32	1.43	0.08	1.04	0.62	0.42	0.01
TK21-034	66.3	73.0	6.7	4.57	10.67	14.30	3.42	2.05	0.05	0.81	0.39	0.40	0.01
Inc.	66.3	71.3	5.0	5.95	13.88	18.57	4.47	2.62	0.06	1.06	0.51	0.53	0.02
Inc.	66.3	68.8	2.5	8.42	19.65	26.18	6.45	3.52	0.08	1.37	0.67	0.68	0.02
Inc.	66.3	68.0	1.7	9.54	22.26	29.46	7.50	3.51	0.09	1.64	0.73	0.88	0.02
Inc.	67.5	68.0	0.5	9.81	22.89	29.92	8.12	2.95	0.09	1.17	0.57	0.58	0.02
Holes TK21-035 to TK21-043 Results Pending

 

(1) Reported widths are “drilled widths” not true widths.
* Gold Equivalent (Au_Equivalent) is calculated for comparison purposes using recent spot prices, $8lb nickel, $4.4/lb copper, $19/lb cobalt, $2,700/oz palladium, $1,150/oz platinum, $1,900/oz gold.

Figure 1. Smoke Lake plan map showing EM conductor Plates with 2020 and 2021 (blue traces) drill holes overlain on first vertical magnetics. Mineralized intersections for drill holes for which assays are still pending are given in meters, MS = massive sulphide, SM = semi-massive, STR = stringer, DISS = Disseminated.

Figure 2. Smoke Lake cross section showing continuity of the massive sulphide mineralization from the upper to lower EM plates.

Figure 3. Massive and semi-massive magmatic sulphide intersections in holes TK-21-029, 30 and 35. Wall rock is tonalite, and hornblendite.

*Nickel Equivalent (“Ni_Eq”) and Copper Equivalent (“Cu_Eq”)

Nickel and copper equivalent is calculated using US$1,100 per ounce for palladium, US$950 per ounce for platinum, US$1,300 per ounce for gold, US$6,614 per tonne (US$3.00 per pound) for copper, US$15,432 per tonne (US$7.00 per pound) for nickel and US$30,865 per tonne (US$14 per pound) for Cobalt. This calculation is consistent with the commodity prices used in the Company’s September 2019 NI 43-101 Kaukua resource estimate.

QA/QC

The Phase II drilling program was carried out under the supervision of Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company.

Drill core samples were split using a rock saw by Company staff, with half retained in the core box. The drill core samples were transported by company staff the Company’s core handling facility, to Actlabs laboratory in Thunder Bay, Ontario. Actlabs, is an accredited lab and are ISO compliant (ISO 9001:2015, ISO/IEC 17025:2017). PGE analysis was performed using a 30 grams fire assay with an ICP-MS or ICP-OES finish. Multi-element analyses, including copper and nickel were analysed by four acid digestion using 0.5 grams with an ICP-MS or ICP-OES finish.

Certified standards, blanks and crushed duplicates are placed in the sample stream at a rate of one QA/QC sample per 10 core samples. Results are analyzed for acceptance at the time of import. All standards associated with the results in this press release were determined to be acceptable within the defined limits of the standard used.

About Tyko Ni-Cu-PGE Project

The Tyko Ni-Cu-PGE Project, is located approximately 65 kilometers northeast of Marathon Ontario, Canada. Tyko is an early stage, high sulphide tenor, nickel-copper (2:1 ratio) project with the most recent drill hole intercepts returning up to 9.9% Ni_Eq over 3.8 meters (8.1% Ni, 2.9% Cu, 1.3g/t PGE) in hole TK-20-023.

Qualified Person

The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101.

About Palladium One

Palladium One Mining Inc. is an exploration company targeting district scale, platinum-group-element (PGE)-copper-nickel deposits in Finland and Canada. Its flagship project is the Läntinen Koillismaa or LK Project, a palladium-dominant platinum group element-copper-nickel project in north-central Finland, ranked by the Fraser Institute as one of the world’s top countries for mineral exploration and development. Exploration at LK is focused on targeting disseminated sulfides along 38 kilometers of favorable basal contact and building on an established NI 43-101 open pit resource.

ON BEHALF OF THE BOARD
“Derrick Weyrauch”
President & CEO, Director

For further information contact:
Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Palladium One Mining Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company’s expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to Canadian and U.S. Shareholders. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

Palladium One Intercepts More High-Grade Nickel Including, 6.0% Nickel_Eq (13.9% Cu_Eq) Over 5.0 Meters at Tyko Nickel-Copper Project, in Ontario, Canada

 

• Second conductor confirmed to host high-grade massive to semi massive sulphide mineralization.
• Nickel-copper continuity confirmed along 350-meter, near surface, strike length.
• 9.5% Ni_Eq over 1.7 meters, within 6.0% Ni_Eq over 5.0 meters, from 66 meters down hole (TK21-034).
• 9.0% Ni_Eq over 0.9 meters, within 7.8% Ni_Eq over 3.1 meters, from 31 meters down hole (TK21-029).
• 7.7% Ni_Eq over 1.1 meters, within 7.0% Ni_Eq over 3.5 meters, from 45 meters down hole (TK21-030).

Toronto, Ontario–(Newsfile Corp. – June 17, 2021) – Initial results have been received from the Phase II Tyko drill program said Palladium One Mining (TSXV: PDM) (FRA: 7N11) (OTCQB: NKORF) (“Palladium One” or the “Company”) today. The Phase II program was designed to test the down dip continuity of the EM Maxwell Plate “Plates” that were modelled subsequent to the Q4 2020 Phase I drill program.

A total of 14 holes were completed, 11 of which intersected massive and/or semi-massive sulphide mineralization at the Smoke Lake Zone, which previously returned up to 9.9% Nickel equivalent (23% Copper equivalent, 30.1 g/t Gold equivalent*) (8.1% Ni, 2.9% Cu, 0.61g/t Pd, 0.71g/t Pt, and 0.02g/t Au) over 3.8 metres (see press release January 19, 2021). This release contains the results for the first 6 holes of the Phase II program.

President and CEO, Derrick Weyrauch commented, “Smoke Lake continues to deliver exceptional nickel grades. These results, notably hole TK21-034 indicate that the upper and lower plates are in fact one continuous sulphide lens. Additionally, evidence exists that the high-grade mineralization has been remobilized, thus seeking the source of mineralization is our top priority.”

The most important result of Phase II drill program was the strike length extension to 350-meters combined with linking high-grade massive sulphide mineralization between the ‘upper conductor’ with the ‘lower conductor’ (see hole TK21-034 which returned 6.0% Ni_Eq (13.9% Copper equivalent, 18.6 g/t Gold equivalent*) over 5.0 meters (Figure 1 and 2)).

The Phase II drill program indicates a continuous elongate lens of high-grade sulphide mineralization that dips to the west and plunges to the northwest. Significantly, the sulphide mineralization appears to be remobilized and injected into the tonalite host rocks, cross cutting the foliation in the tonalite and containing well-rounded tonalite and biotite altered hornblendite clasts.

A total of 14 holes totaling 1,370 meters were completed before a significant drill breakdown combined with the onset of early spring conditions forced the suspension of the drill program. Drilling is planned to resume once Geotech’s VTEMmax airborne EM survey and the summer field program have been concluded.

Table 1: Tyko 2021 Phase II Drill Results from the Smoke Lake Zone

Hole	From (m)	To (m)	Width (m)	Ni_Eq %	Cu_Eq %	Au_Eq g/t*	Ni %	Cu %	Co %	PGE g/t (Pd+Pt+Au)	Pd g/t	Pt g/t	Au g/t
TK21-029	30.4	37.0	6.6	3.97	9.25	12.29	3.08	1.59	0.04	0.56	0.30	0.25	0.01
Inc.	31.1	34.1	3.1	7.80	18.21	24.07	6.22	2.77	0.08	1.10	0.61	0.48	0.02
Inc.	31.1	33.3	2.2	8.65	20.19	26.52	7.13	2.51	0.09	1.29	0.72	0.55	0.02
Inc.	31.1	32.0	0.9	9.05	21.12	27.38	7.90	1.52	0.11	1.30	0.75	0.53	0.02
TK21-030	45.0	59.2	14.1	2.21	5.15	6.79	1.76	0.71	0.03	0.38	0.16	0.22	0.01
Inc.	45.0	48.5	3.5	6.97	16.27	21.35	5.68	2.19	0.08	0.89	0.45	0.42	0.02
Inc.	46.4	47.6	1.1	7.72	18.02	23.14	6.93	0.97	0.09	0.91	0.52	0.37	0.02
And	58.2	59.2	1.0	4.43	10.33	13.73	3.38	0.93	0.12	1.95	0.58	1.35	0.02
Inc.	58.2	58.8	0.6	5.88	13.72	18.21	4.49	1.12	0.17	2.75	0.78	1.95	0.03
TK21-031	41.9	44.6	2.7	3.88	9.05	12.15	2.88	1.78	0.04	0.70	0.34	0.33	0.03
Inc.	42.4	44.0	1.6	6.32	14.74	19.75	4.73	2.84	0.07	1.08	0.55	0.51	0.02
Inc.	42.8	44.0	1.2	8.09	18.88	25.23	6.13	3.48	0.09	1.37	0.68	0.66	0.02
TK21-032	63.4	69.8	6.5	1.82	4.24	5.77	1.29	0.91	0.02	0.47	0.22	0.24	0.00
Inc.	63.4	67.6	4.2	2.49	5.81	7.91	1.76	1.25	0.03	0.65	0.31	0.33	0.01
Inc.	65.7	66.1	0.4	4.91	11.45	15.00	4.02	1.10	0.05	1.54	0.47	1.06	0.01
TK21-033	55.4	72.0	16.6	1.20	2.81	3.75	0.92	0.50	0.01	0.21	0.10	0.11	0.00
Inc.	61.5	68.0	6.5	2.55	5.95	7.91	1.97	1.02	0.03	0.42	0.20	0.22	0.00
Inc.	66.3	68.0	1.8	6.58	15.36	19.69	5.91	0.84	0.06	0.94	0.39	0.55	0.01
Inc.	67.7	68.0	0.4	9.32	21.75	27.99	8.32	1.43	0.08	1.04	0.62	0.42	0.01
TK21-034	66.3	73.0	6.7	4.57	10.67	14.30	3.42	2.05	0.05	0.81	0.39	0.40	0.01
Inc.	66.3	71.3	5.0	5.95	13.88	18.57	4.47	2.62	0.06	1.06	0.51	0.53	0.02
Inc.	66.3	68.8	2.5	8.42	19.65	26.18	6.45	3.52	0.08	1.37	0.67	0.68	0.02
Inc.	66.3	68.0	1.7	9.54	22.26	29.46	7.50	3.51	0.09	1.64	0.73	0.88	0.02
Inc.	67.5	68.0	0.5	9.81	22.89	29.92	8.12	2.95	0.09	1.17	0.57	0.58	0.02
Holes TK21-035 to TK21-043 Results Pending

 

(1) Reported widths are “drilled widths” not true widths.
* Gold Equivalent (Au_Equivalent) is calculated for comparison purposes using recent spot prices, $8lb nickel, $4.4/lb copper, $19/lb cobalt, $2,700/oz palladium, $1,150/oz platinum, $1,900/oz gold.

Figure 1. Smoke Lake plan map showing EM conductor Plates with 2020 and 2021 (blue traces) drill holes overlain on first vertical magnetics. Mineralized intersections for drill holes for which assays are still pending are given in meters, MS = massive sulphide, SM = semi-massive, STR = stringer, DISS = Disseminated.

Figure 2. Smoke Lake cross section showing continuity of the massive sulphide mineralization from the upper to lower EM plates.

Figure 3. Massive and semi-massive magmatic sulphide intersections in holes TK-21-029, 30 and 35. Wall rock is tonalite, and hornblendite.

*Nickel Equivalent (“Ni_Eq”) and Copper Equivalent (“Cu_Eq”)

Nickel and copper equivalent is calculated using US$1,100 per ounce for palladium, US$950 per ounce for platinum, US$1,300 per ounce for gold, US$6,614 per tonne (US$3.00 per pound) for copper, US$15,432 per tonne (US$7.00 per pound) for nickel and US$30,865 per tonne (US$14 per pound) for Cobalt. This calculation is consistent with the commodity prices used in the Company’s September 2019 NI 43-101 Kaukua resource estimate.

QA/QC

The Phase II drilling program was carried out under the supervision of Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company.

Drill core samples were split using a rock saw by Company staff, with half retained in the core box. The drill core samples were transported by company staff the Company’s core handling facility, to Actlabs laboratory in Thunder Bay, Ontario. Actlabs, is an accredited lab and are ISO compliant (ISO 9001:2015, ISO/IEC 17025:2017). PGE analysis was performed using a 30 grams fire assay with an ICP-MS or ICP-OES finish. Multi-element analyses, including copper and nickel were analysed by four acid digestion using 0.5 grams with an ICP-MS or ICP-OES finish.

Certified standards, blanks and crushed duplicates are placed in the sample stream at a rate of one QA/QC sample per 10 core samples. Results are analyzed for acceptance at the time of import. All standards associated with the results in this press release were determined to be acceptable within the defined limits of the standard used.

About Tyko Ni-Cu-PGE Project

The Tyko Ni-Cu-PGE Project, is located approximately 65 kilometers northeast of Marathon Ontario, Canada. Tyko is an early stage, high sulphide tenor, nickel-copper (2:1 ratio) project with the most recent drill hole intercepts returning up to 9.9% Ni_Eq over 3.8 meters (8.1% Ni, 2.9% Cu, 1.3g/t PGE) in hole TK-20-023.

Qualified Person

The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101.

About Palladium One

Palladium One Mining Inc. is an exploration company targeting district scale, platinum-group-element (PGE)-copper-nickel deposits in Finland and Canada. Its flagship project is the Läntinen Koillismaa or LK Project, a palladium-dominant platinum group element-copper-nickel project in north-central Finland, ranked by the Fraser Institute as one of the world’s top countries for mineral exploration and development. Exploration at LK is focused on targeting disseminated sulfides along 38 kilometers of favorable basal contact and building on an established NI 43-101 open pit resource.

ON BEHALF OF THE BOARD
“Derrick Weyrauch”
President & CEO, Director

For further information contact:
Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Palladium One Mining Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company’s expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to Canadian and U.S. Shareholders. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.