North American Palladium Updates Palladium Mineral Resources

North American Palladium Ltd. (TSX:PDL,NYSE:PAL) reports a mineral resource estimate for the offset zone at its Lac des Iles palladium mine in Canada.

The press release is quoted as saying,

The Offset Zone measured and indicated resources total 14.5 million tonnes (a 68% increase) containing 2.5 million ounces of palladium (a 41% increase). The Offset Zone inferred resources total 3.1 million tonnes containing 0.5 million ounces of palladium.

The company’s CEO is quoted as saying,

The new resource estimate for the Offset Zone demonstrates the leverage that LDI has to a stronger palladium price environment.

For the complete press release, click here.