North American Palladium Announces Results from Palladium Mine

North American Palladium Ltd. (TSX:PDL,NYSE:PAL) announced drill results from its 2011 exploration program at the Lac des Iles palladium mine.

As quoted in the press release:

Highlights:

• Infill drill results in the Offset Zone returned excellent grades, with good width and continuity, including 78 metres at 7.39 grams per tonne Palladium (“g/t Pd”) and 33 metres at 8.71 g/t Pd;
• Good indication of a southern extension to the Offset Zone in an area previously reported as the Southern Norite Zone, including 39 metres at 4.02 g/t Pd and 15 metres at 5.13 g/t Pd;

NAP’s President and CEO, William J. Biggar said:

The success of our 85,000-metre drill campaign in 2011 underpins the significant exploration potential of the LDI property, and supports our view that we have only scratched the surface in our exploration endeavours. In addition to confirming excellent grades in the Offset Zone over significant intercepts, the 2011 exploration program continues to expand the size of the Offset Zone and parallel mineralized zones; provides new targets for Roby Zone mining adjacent to existing underground infrastructure; and gives a new surface target with exceptional grades.”

Click here to read the North American Palladium Ltd. (TSX:PDL) press release.