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North American Palladium Ltd.
Summary
| Project: | Lac des Iles | |
|---|---|---|
| Deposit: | East Mine Block | |
| Location: | Canada | |
| Commodities: | Palladium-Platinum-Gold-Copper-Nickel | |
| Date: | 7/9/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 9-7-2019: North American Palladium Ltd. announces an Exploration/Drilling Update report for its East Mine Block deposit at the Lac des Iles project. Drilling results incl. 116.0m @ 1.01g/t Pd, 0.13g/t Pt, 0.10g/t Au, 0.11% Cu, 0.12% Ni from 595.0m. Toront | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dave Peck (Internal) | |
| ABSTRACT: | Toronto, Ontario – July 9, 2019 – North American Palladium Ltd. ("NAP" or the "Company") (TSX:PDL) (OTC PINK:PALDF) today announced results from its surface drilling program adjacent to its Lac des Iles Mine (“LDI”), located 90 km north of Thunder Bay, Ontario. Both the Creek Zone and the North VT Rim Zone continue to expand, demonstrating similar grades and thicknesses to some of the palladium resources extracted during previous surface mining at LDI. “Our recent surface exploration efforts at LDI are yielding encouraging results from several areas, which support our belief that significant near-surface mineral potential remains on the property,” said Jim Gallagher, President and CEO of North American Palladium. “Discovering new near-surface palladium resources remains a top priority for our exploration team. The proximity to LDI infrastructure and the fact that the targets are already on mining leases suggests the potential for relatively rapid and low-cost development should sufficient tonnage be defined. This would have multiple, long-term benefits to the mine plan and the balance sheet going forward.” Dr. Dave Peck, V.P. Exploration at North American Palladium, stated, “New drilling results from the East Mine Block confirm that the Creek Zone is a tabular and vertically extensive mineralized horizon that has the same general characteristics as the southern portions of both the Roby and Offset zones. Recently, we began testing several targets that were defined by geophysical surveys. We are continuing with exploration drilling on the Creek and Baker Zones and will soon determine if they have adequate grade, thickness and continuity to justify resource delineation drilling.” | |
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