PALLADIUM: NAP lists encouraging results from Offset zone extension drilling

ONTARIO - Toronto-based North American Palladium (NAP) has published encouraging results from drilling the lower, north and upper parts of the Offset zone. Success here would allow the company to extend the Lac des Iles phase one mine plan and...

ONTARIO - Toronto-based North American Palladium (NAP) has published encouraging results from drilling the lower, north and upper parts of the Offset zone. Success here would allow the company to extend the Lac des Iles phase one mine plan and consider a phase two expansion.

Core from the Offset zone extension targets returned 5.2 g/t Pd over 20.3 metres, 6.2 g/t over 17.7 metres, and 7.2 g/t over 11.0 metres. Deep surface drilling of the lower-central Offset target traced it to a minimum vertical depth of 1,600 metres.

Nor is palladium the only metal encountered in the 2014 drill program. High grade platinum group metals-copper-nickel mineralization was intersected in three shallow surface holes. One of the holes returned 39.0 metres of 3.64 g/t Pd, 0.32 g/t Pt and 0.19 g/t Au, including 19.0 metres of 5.01 g/t Pd, 0.39 g/t Pt and 0.28 g/t Au. In another hole the best assay was 8.50 g/t Pd, 0.40 g/t Pt and 0.08 g/t Au over 20.0 metres. This new area of interest has been named the Powerline zone.

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