North American Palladium Announces Excellent Lac des Iles Exploration Report

North American Palladium Ltd. (TSX:PDL, NYSE MKT:PAL) reported that the exploration program at its Lac des Iles palladium mine conducted on the second half of 2012 contained positive results.

As quoted in the press release:


  • Offset Zone underground extension drilling program delivers positive results indicating potential for expanding the resource to the south of and above the current limits of the deposit:
    • Hole 12-706 (upper Offset Zone) intersected 21 metres grading 4.19 grams per tonne palladium (“g/t Pd”) and hole 12-601 (southern Offset Zone) intersected 10 metres averaging 4.27 g/t Pd;
  • Sheriff Zone near-surface resource potential enhanced by positive definition drilling results featuring broad zones of lower grade palladium mineralization containing local, higher-grade intervals:
    • Hole 12-179 intersected 130 metres averaging 1.26 g/t Pd including 24 metres grading 3.05 g/t Pd, and hole 12-185 intersected 106 metres grading 1.40 g/t Pd including 5 metres grading 4.68 g/t Pd;
    • Initial resource estimate for the Sheriff Zone expected later in 2013;
  • Roby Zone north extension drilling program returns high-grade intersections:
    • Hole 12-259 intersected 5 metres grading 13.37 g/t Pd and hole 12-269 intersected 24 metres averaging 23.35 g/t Pd, including 3 metres grading 104.20 g/t Pd (amongst the highest ever reported from LDI);
  • North VT Rim surface exploration drilling is starting to demonstrate lateral continuity and returns additional high-grade intercepts and broader zones of pit grade mineralization:
    • Hole 12-036 intersected 6 metres with 12.4 g/t Pd including 1 metre grading 54.10 g/t Pd;
  • New mineralization intersected on the North LDI property (at approximately 400-metre vertical depth on the first of four planned fence holes to be drilled):
    • Hole NL 12-100 intersected 2 metres grading 3.58 g/t Pd and 1.08 g/t Pt.

Click here to read the full North American Palladium Ltd. (TSX:PDL, NYSE MKT:PAL) press release.


Get the Latest Palladium Investing Stock Information

Get the latest information about companies associated with Palladium Investing delivered directly to your inbox.

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Is Gold a Good Investment? Gold Price Forecast 2015 

There Is No Guide to Gold That is More Concise, Clear and Authoritative.

Download our FREE Special Report, Is Gold a Good Investment? Gold Price Forecast 2015 .

Leave a Reply