ONTARIO – The drilling that Toronto’s North American Palladium did at its Lac des Iles mine returned multiple intersections of mineralization over good core lengths from both the Lower Offset zone and the outcropping Powerline zone.
The company has reported new palladium intersections from the Lower Offset zone below the 1065 mining level. Four separate holes returned 4.7 g/t Pd over 49.7 metres, 4.9 g/t over 50.0 metres, 7.9 g/t over 20.0 metres, and 4.1 g/t over 46.7 metres.
The Powerline zone also returned high grades at depths from less than 5.0 metres to 70.0 metres. Again, separate holes assayed 5.7 g/t Pd over 35.3 metres including 13.2 g/t over 11.0 metres, 6.0 g/t over 32.9 metres including 18.6 g/t over 10.8 metres, 6.4 g/t over 62.8 metres including 13.9 g/t over 25.8 metres, and 4.6 g/t over 62.2 metres including 13.5 g/t over 18.3 metres. A resource estimate for the Powerline zone will be included in the next update.
VP exploration Dave Peck said, “The 2014 program resulted in a major refinement to the exploration model for the Mine Block Intrusion. New insights into the critical role of structural intersections in focusing palladium mineralization and base metal sulphides have opened up several new exploration targets on the mine property and on our regional greenfields properties. The high grade palladium intersections in the Powerline zone are the result of applying our new exploration concepts in areas that were previously believed to have limited potential for high grade mineralization.”
Details about exploration in the Offset and Powerline zones are contained in the news release dated Feb. 10, 2015, posted at NAP.com.