North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Palladium One Mining Inc. July 10 announced that crews are carrying out fieldwork in preparation for a high-resolution, ground-based electromagnetic survey at its Canalask nickel-copper project in western Yukon.

Accessible from the Alaska Highway about 320 kilometers (200 miles) northwest of Whitehorse, the 3,400-hectare (8,402 acres) Canalask property shows strong potential for massive nickel sulfide mineralization.

Nickel mineralization was discovered on the property during the 1950s, and a 1968 calculation by Discovery Mines Ltd. outlined 400,000 tons of historical resource averaging 1.35% nickel. A resource for the copper that is also present in Canalask's Main Zone was not calculated.

Exploration involving mapping, sampling and geophysics continued at the project up to the early 2000s. These programs turned up numerous nickel-copper-platinum group metal showings with grades as high as 4.7% nickel, 0.6% copper and 6.82 grams per metric ton total precious metals.

Palladium One acquired Canalask from Victoria Gold Corp. and carried out initial exploration on the property last year.

Highlights from grab samples collected last summer include:

• 2.14% nickel, 0.03% copper, 0.05% cobalt, and 5 g/t silver.

• 0.01% nickel, 1.06% copper, 0.07% cobalt, 2.9 g/t silver, and 0.01 g/t gold.

• 0.15% nickel, 6.07% copper, 0.01% cobalt, 28.1 g/t silver, and 1.55 g/t gold.

Palladium One Mining Inc.

"Canalask hosts a footwall nickel-copper sulphide deposit of unknown origin, thereby suggesting that a larger deposit is present at depth in the adjacent regional-scale ultramafic dyke," said Palladium One Mining President and CEO Derrick Weyrauch. "Additionally, Canalask hosts untested geophysical targets."

The 2022 program included a 392-line-kilometer, drone-based magnetometer survey flown at 100-meter-spacing over the entire Canalask property to refine the location and structure of this nickel-copper-PGM prospective ultramafic dyke and assist in the refinement of drill targeting.

This year's program began with crews clearing a preexisting four-kilometer (2.5 miles) trail that connects the mineralized zones to the Alaska Highway.

Once completed, a ground-based EM survey is planned to further refine historical geophysical conductors for drilling.

Author Bio

Shane Lasley, Publisher

Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.

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