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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: | 4/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 5-4-2018: 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. 149.6m @ 1.83g/t Pd, 0.20g/t Pt, 0.18g/t Au from 259.0m. Toronto, Ontario – April 5, 2 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dave Peck (Internal) | |
| ABSTRACT: | Toronto, Ontario – April 5, 2018 – North American Palladium Ltd. ("NAP" or the "Company") (TSX:PDL) (OTC PINK:PALDF) today announced results from its exploration program at its Lac des Iles mine (“LDI”), located 90 km north of Thunder Bay, Ontario. We are excited that the latest results from the Offset South zone, which is located directly adjacent to our primary underground mining operations, confirm the zone has the widths required for mass mining with our well-established, low-cost, sub-level shrinkage method. Infill drilling is now required to determine the average grade within this highly prospective zone. Future resource gains from this and our many other near-mine exploration targets can extend the life of the mine at a very low capital cost,” said Jim Gallagher, President and CEO of North American Palladium. “The recent drilling results for the Offset South zone confirm its status as the top-ranked opportunity for a significant, near-term resource addition at LDI. In addition, we are pursuing resource gains on several other underground exploration targets, all of which occur in close proximity to current mining activity in the Roby and Offset zones. We are also exploring for new near-surface resources, with this year’s program focusing on two targets in the eastern part of the mine property,” said Dr. Dave Peck, North American Palladium’s Vice-President, Exploration. | |
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