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North American Palladium Ltd.
Summary
| Project: | Lac des Iles | |
|---|---|---|
| Deposit: | Lac des Iles | |
| Location: | Canada | |
| Commodities: | Palladium-Platinum-Gold-Copper-Nickel | |
| Date: | 10/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 24-10-2017: North American Palladium Ltd. announces an Exploration/Drilling Update report for its Lac des Iles deposit at the Lac des Iles project. Drilling results incl. 37m @ 3.37g/t Pd, 0.49g/t Pt, 0.25g/t Au, 0.10% Cu, 0.11% Ni from 212m. Toronto, Ont | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dave Peck (Internal) | |
| ABSTRACT: | Toronto, Ontario, October 24, 2017 – North American Palladium Ltd. (“NAP” or the “Company”) (TSX: PDL) (OTC PINK: PALDF) is pleased to announce positive exploration results from the Offset South Zone (“Offset South”) at its Lac des Iles mine property (“LDI” or the “Property”). Offset South is located adjacent to the low cost Sub-Level Shrinkage (“SLS”) mining zone and has the potential to significantly add to the resources currently being mined in that zone. The Company has also made significant progress exploring other targets on the Property and has commenced drilling on the recently added Sunday Lake property. “We are encouraged to see the positive drill results from the Offset South Zone. This large target has the potential to significantly increase the resources currently being mined as part of the low cost SLS mining zone. We have started a follow up exploration drilling program to establish and evaluate the continuity, average grade and true thickness of the newly discovered palladium mineralization in the Offset South Zone,” said Jim Gallagher, President and CEO of North American Palladium. “The Offset Zone represents just one of several exploration opportunities we are evaluating at LDI. Our recent exploration programs have demonstrated that numerous opportunities exist for higher-grade underground palladium resources on the Property. Extending the life of the operation and improving the average head grades to the mill at very low capital costs remains an important strategic priority for the Company,” continued Mr. Gallagher. | |
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