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North American Palladium Ltd.
Summary
| Project: | Lac des Iles | |
|---|---|---|
| Deposit: | Legris Lake | |
| Location: | Canada | |
| Commodities: | Palladium-Platinum-Gold-Copper-Nickel | |
| Date: | 4/3/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 3-4-2018: North American Palladium Ltd. announces an Exploration/Drilling Update report for its Legris Lake deposit at the Lac des Iles project. Drilling results incl. 15.74m @ 0.33% Cu, 0.11% Ni, 0.02% Co, 0.10g/t Pd, 0.10g/t Pt, 0.03g/t Au. Toronto, Ont | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dave Peck (Internal) | |
| ABSTRACT: | Toronto, Ontario – April 3, 2018 – North American Palladium Ltd. ("NAP" or the "Company") (TSX:PDL) (OTC PINK:PALDF) provided an update on its Greenfields exploration activities, including a recently completed drilling program in the unexplored northern part of the Legris Lake property, known as the Stonefish Lake target. The Legris Lake property hosts the largest known Lac des Iles (“LDI”) type gabbroic complex in the immediate vicinity of the minesite. “The recent drilling results at Legris Lake highlight the significant potential to make new discoveries in our Greenfields exploration areas. We are particularly excited about the first discovery of LDI-type intrusive rocks between the LDI Complex and the Legris Lake Complex, which opens up a new target area within a short distance from our mine and mill. We look forward to continuing our investment in our Greenfields properties as part of our long-term exploration strategy to fill the LDI mill for many years to come,” said Jim Gallagher, President and CEO of North American Palladium. “The discovery of LDI-type, sulfide-bearing mafic intrusive rocks with local base metal and platinum-group metal enrichment in the previously untested northern part of the Legris Lake property is an encouraging development. The results are particularly positive because the drilling was exclusively guided by geophysical data given that the target rocks are not exposed at surface. We now believe that the entire 5 km gap between the LDI and Legris Lake complexes contains prospective LDI-type gabbroic intrusions,” said Dr. Dave Peck, North American Palladium’s Vice-President, Exploration | |
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