GOLD RESOURCES: NAP updates numbers for gold division

ONTARIO and QUEBEC - North American Palladium (NAP), headquartered in Toronto, has updated the reserve and res...

ONTARIO and QUEBEC - North American Palladium (NAP), headquartered in Toronto, has updated the reserve and resources numbers for its gold division, including the Sleeping Giant mine near Timmins, ON, the Discovery property, and the first-ever estimate for the Flordin property in the Abitibi Gold Belt of Quebec. The three properties contain roughly 1.0 million oz of gold. 

Property

Category

Tonnes

g/t Au

Contained oz

Sleeping Giant

Proven

91,000

8.91

26,000

 

Probable

96,000

9.79

30,000

 

Indicated

213,000

8.32

57,000

 

Inferred

243,000

12.90

101,000

Flordin

Measured

30,000

4.60

4,000

 

Indicated

649,000

4.24

86,000

 

Inferred

1,451,000

3.63

169,000

Discovery

Measured

3,000

8.95

0.9

 

Indicated

1,279,000

5.74

236,000

 

Inferred

1,546,000

5.93

294,000

NAP has plans for all three gold properties. At the Sleeping Giant mine a $2.1-million drill program will be carried out to further extend the life of the mine and upgrade resources to reserves. A further 10,000 metres of infill drilling is planned at the Flordin property, and an environmental impact study for the Discovery project has been filed. Both the Flordin and Discovery properties are within trucking distance of the Sleeping Giant mill.

The company's fact sheet and other investor materials are available at www.NAPalladium.com.

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