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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: | 5/29/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 29-5-2019: 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. 54.2m @ 3.81g/t Pd, 0.28g/t Pt, 0.31g/t Au. 0.20% Cu, 0.15% Ni from 128.8m. “Based on | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dave Peck (Internal) | |
| ABSTRACT: | “Based on the large and growing number of underground exploration targets, we are increasing our 2019 exploration and definition drilling budget by $5.7M. The additional funding will allow us to accelerate drilling on most of our underground exploration targets, including Camp Lake, Offset Zone satellites and the recently-discovered C Zone,” said Jim Gallagher, President and CEO of North American Palladium. “The discovery of the C Zone is testimony to the effectiveness of our modeling of the critical structures that control the distribution of the known palladium resources at LDI,” said Dr. Dave Peck, North American Palladium’s Vice-President, Exploration. “With our recently expanded target bank and a larger drilling budget, we are increasingly optimistic about the prospects for significant additions to our palladium mineral inventory at LDI,” added Dr. Peck. The C Zone has become a major focus for underground exploration because of the encouraging drilling results, the modeled size of the target area and its location relative to existing infrastructure. The C Zone’s close proximity to the existing Offset Zone mining areas means that it would be a low capital cost development opportunity if new resources are defined within it. | |
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