North American Palladium Ltd.
TSX : PDL
NYSE Amex : PAL

North American Palladium Ltd.

February 14, 2011 17:58 ET

North American Palladium Provides Palladium Exploration Update: Continued Excellent Results

TORONTO, ONTARIO--(Marketwire - Feb. 14, 2011) - North American Palladium Ltd. ("NAP") (TSX:PDL)(NYSE Amex:PAL) today provided an update on the drill results from its 2010 exploration program at the Company's flagship Lac des Iles ("LDI") palladium mine in Northern Ontario. These results (see appendix) are the third and final tranche of drill results from the 2010 drill program at LDI.

Highlights:

  • Continued positive drill results throughout the Offset Zone (including 40 metres at 6.2 g/t Pd)

  • Excellent results from definition drilling in the top part of the Offset Zone

  • Offset Zone continues to extend higher towards surface

  • Deep drilling results confirm Offset Zone continues at depth

  • Cowboy Zone intersected again in Offset drilling

"After completing nearly 80,000 metres of drilling in 2010, we remain very optimistic that LDI has considerable exploration upside with the potential to increase production and extend mine life," said William J. Biggar, President and CEO. "The exploration results highlight the significant potential to grow our reserve and resource base through exploration." 

NAP's 2010 exploration program at LDI was aimed at expanding the size of the Offset and Roby zones, increasing the grade of the Offset Zone mineralization to facilitate better mine planning, and exploring other surface areas. In addition to the approximately 55,000 metres of 2010 drilling already reported on (see June 7 and November 17 press releases), a third tranche of drilling in the remainder of the year completed 80 holes totaling 21,670 metres, bringing total drilling for the year to 79,995 metres at an approximate cost of $10 million.

The third tranche of drilling included:

  • 70 holes from underground for a total of 12,216 metres, of which: 
    • 63 holes (10,210 metres) targeted the Upper Offset Zone; and
    • 7 holes (2,016 metres) were aimed at completing a previous 15-metre drilling pattern and following the Offset Zone's northern extension.
  • 10 holes from surface, including:
    • 3 deep holes (2,656 metres) into the southern direction of the Offset Zone (around the 4650 mine elevation and lower); and
    • 7 holes (6,788 metres) targeting the south extension of the Offset Zone.

Complete drill results are included in the appendix of this news release. Elevations referred to in this news release are presented in the mine grid in Figure 1, and the drill locations are presented in Figures 2 – 6. 

The Upper Offset Zone

The underground drilling on the Offset Zone in 2010 was designed to define the ore body on a 15-metre drill pattern. This included 63 holes (series 10-700 to 10-808) which completed drilling in the Upper 1A sector of the Offset Zone, where production is scheduled to take place in early 2012. The holes were drilled on fan patterns from the Offset Zone ramp and the vast majority intersected the Offset Zone with grades similar to or higher than the indicated grades from the previous resource estimate for the sector.

Some of the best results include:

Hole Length of Intersection Grade (g/t Pd)   Location
10-703 21 metres 10.9   Offset Zone
Including 7 metres 21.4   Offset Zone
10-705 20 metres 6.7   Offset Zone
10-707 40 metres 6.2   Offset Zone
Including 7 metres 14.4   Offset Zone
10-710 27 metres 7.2   Offset Zone
10-711 29 metres 7.9   Offset Zone
Including 8 metres 15.8   Offset Zone
Including 6 metres 3.4   Cowboy Zone
10-713 11 metres 11.2   Offset Zone
Including 16 metres 2.8   Cowboy Zone
10-720 22 metres 6.6   Offset Zone
Including 6 metres 15.1   Offset Zone
10-723 35 metres 6.1   Offset Zone
Including 4 metres 11.7   Offset Zone
10- 725 33 metres 5.1   Offset Zone
Including 12 metres 10.4   Offset Zone
10- 735 35 metres 4.8   Offset Zone
Including 15 metres 6.6   Offset Zone
10-772 13 metres 7.2   Offset Zone
Including 7 metres 10.1   Offset Zone
10-779 23 metres 6.5   Offset Zone
Including 10 metres 9.8   Offset Zone
Including 3 metres 6.3   Cowboy Zone
10-801 10 metres 8.2   Offset Zone
Including 11 metres 3.7   Cowboy Zone

The Upper Offset Zone, North Sector

Due to the favourable lengths and grades encountered earlier in 2010 (36 metres at 5.6 g/t Pd), drilling continued on the north extension of the upper part of the Offset Zone. Additional drilling of seven holes returned strong results that indicate the north extension of the Offset Zone still remains open. Some of the best results include:

Hole Length of Intersection Grade (g/t Pd)   Location
10-631 28 metres 6.3   Offset Zone
Including 14 metres 10.5   Offset Zone
Including  6  meters 6.0   Offset/Cowboy Zone
10-632 20 metres 8.5   Offset Zone
Including 6 metres 17.6   Offset Zone
10-633 19 metres 7.7   Offset Zone
Including  9 metres 14.3   Offset Zone

Surface Drilling of the Offset Zone

The surface directional drills targeted the middle elevations of the mine (4650 level) in the north extension of the Offset Zone (holes 10-507 to 10-509). The following intersections were encountered during the third tranche of drilling:

Hole Length of  Intersection Grade (g/t Pd)   Location
10-507 10 metres 4.8   Offset Zone
10-508 4 metres 11.0   Offset Zone
10-509 6 metres 4.3   Offset Zone

In addition, seven other holes were drilled from surface, south of the open pit, of which highlights include:

  • One deep hole (hole 10-013), aimed at the southern part of the Offset Zone extension, intersected 69 metres at 3.5 g/t Pd at depth, including 13 metres at 5.7 g/t Pd. This confirms the presence of the Offset Zone at elevation 4300, at the limit of the actual resource calculation (see Figure 3 in the appendix for a visual of location).

  • The other drill holes intersected the Offset Zone as well as other mineralized areas. Additional drilling will be required to determine whether these new mineralized areas can be correlated to a current known zone.

These latest results confirm that the Offset Zone remains open towards the south and at depth and that the other zones remain to be followed.

2011 LDI Exploration

Following the exploration success achieved over the past two years, NAP will continue to make significant investments in exploration to expand mineral reserves and resources at LDI and to identify new targets. In 2011, the Company plans to spend $8.8 million on exploration at its palladium properties, comprised of 32,000 metres of drilling, of which 25,000 metres will be at LDI, and 7,000 metres at NAP's other nearby properties. 

A primary focus of the exploration program will be continued underground exploration at LDI targeting the Offset Zone, as well as the three new zones that have not yet been included in the mine's economics: the Cowboy, Outlaw and Sheriff zones. The program will attempt to better define the upper extension of the Offset Zone for mine planning, as well as testing the extension of the Offset Zone mineralization north, south, down-dip, and up-dip towards surface. 

More specifically, the program is expected to include:

  • Three underground drills on the Offset Zone (10,000 metres of infill drilling);
  • Five surface drills – two directional drills targeting the north and lower Offset Zone, two targeting the upper Offset Zone extension, and one drill targeting the Sheriff Zone and other zones, as well as the north and south rim (in addition to prospecting, trenching and sampling); and
  • Drilling and trenching at Legris Lake (3,000 metres), Moose Calf (2,000 metres), and Kukkee (2,000 metres) properties. 

Technical Information and Qualified Persons

The assay analyses performed during NAP's drill programs are subject to a formal quality assurance and quality control (QA/QC) program. Diamond drill core is logged and sampled on site and at the Company's exploration office in Thunder Bay with sample transport by the Company and Courtesy Courier to Activation Laboratories Ltd. (Thunder Bay and Ancaster), an independent accredited laboratory, for assay analysis. Check assay analyses are carried out by SGS Minerals Services (Toronto), a laboratory that is also independent of the Company. The Company's exploration team designed and executed the drilling program under the supervision of Mr. Michel Bouchard, P. Geo., Vice President, Exploration and Development, a Qualified Person as defined by National Instrument 43-101, who has reviewed and approved the content of this news release.

About North American Palladium

NAP is a Canadian precious metals company focused on growing its production of palladium and gold in mining-friendly jurisdictions. The Company's flagship mine, Lac des Iles, is one of the world's two primary palladium producers. NAP also owns and operates the Sleeping Giant gold mine located in the prolific Abitibi region of Quebec. The Company has extensive landholdings adjacent to both its Lac des Iles and Sleeping Giant mines, and a number of exploration projects. NAP trades on the NYSE Amex under the symbol PAL and on the TSX under the symbol PDL.

Cautionary Statement on Forward Looking Information

Certain information included in this press release, including any information as to our future exploration, financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. The words 'expect', 'believe', 'will', 'intend', 'estimate' and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies, including the possibility that drill programs will not yield the expected results, that operations at the Lac des Iles and Sleeping Giant mines may not proceed as planned, that Vezza and other properties can be successfully developed, and that metal prices, foreign exchange assumptions and operating costs may differ from management's expectations. The Company cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of North American Palladium to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and that the forward-looking statements are not guarantees of future performance. These statements are also based on certain factors and assumptions. For more details on these estimates, risks, assumptions and factors, see the Company's most recent Form 40-F/Annual Information Form on file with the U.S. Securities and Exchange Commission and Canadian provincial securities regulatory authorities. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise, except as expressly required by law. Readers are cautioned not to put undue reliance on these forward-looking statements.

Appendix:

South Pit Surface Drilling

Drill Hole From (m) To
(m)
Length (m) Pd
(g/t)
Pt
(g/t)
Au
(g/t)
Cu
(%)
Ni
(%)
Co
(%)

Location
10-012 593 603 10 2.04 0.23 0.20 0.129 0.127 0.010 South
10-012 998 1003 5       0.325 0.364   South
10-012 1316 1327 11 2.72 0.34 0.25 0.079 0.099 0.007 South
10-012W Partial Assay                
10-012W NSA                  
10-013 Partial Assay                
10-013 1330 1399 69 3.53 0.24 0.14 0.063 0.078 0.006 Offset
Including 1330 1334 4 6.60 0.38 0.32 0.084 0.112 0.009 Offset
Including 1343 1356 13 5.66 0.33 0.23 0.079 0.096 0.006 Offset
10-014 Partial Assay                
10-015 Partial Assay                
10-015 749 767 18 3.10 0.36 0.36       Offset
Including 756 764 8 4.65 0.54 0.54       Offset
Including 795 813 18 5.27 0.60 0.56       Offset
Including 831 851 20 3.62 0.41 0.38 0.116 0.116 0.007 Offset
Including 831 841 10 5.10 0.58 0.56 0.163 0.148 0.008 Offset
10-016 NSA                 PGM Target South
10-017 554 560 6 3.05 0.39 0.28 Assays Pending   South
10-017 599 603 4 3.19 0.42 0.35 Assays Pending   South
10-017 688 690 2 4.63 0.51 0.46 Assays Pending   South
10-017 758 764 6 3.13 0.34 0.10 Assays Pending   South

NSA: no significant assays

Directional Drilling Offset South

Drill Hole From (m) To
(m)
Length (m) Pd
(g/t)
Pt
(g/t)
Au
(g/t)
Cu
(%)
Ni
(%)
Co
(%)

Other
10-507 1234 1244 10 4.77 0.32 0.26 0.067 0.088 0.007 Offset
10-508 479 483 4 10.98 0.76 0.05 0.015 0.058 0.006 Offset
10-509 522 528 6 4.27 0.29 0.19 Assays Pending Offset

Offset Phase 1A North

Drill Hole From (m) To
(m)
Length (m) Pd
(g/t)
Pt
(g/t)
Au
(g/t)
Cu
(%)
Ni
(%)
Co
(%)

Other
10-627 171 182 11 5.02 0.31 0.23 0.069 0.088 0.006 Offset
10-628 134 170 36 3.31 0.23 0.24 0.061 0.097 0.006 Offset
10-629 135 146 11 7.83 0.51 0.23 0.065 0.109 0.008 Offset
Including 141 145 4 11.79 0.79 0.17 0.066 0.153 0.009 Offset
10-630 166 176 10 4.18 0.26 0.16 0.031 0.083 0.005 Offset
10-631 158 186 28 6.30 0.40 0.30 0.060 0.102 0.008 Offset
Including 169 183 14 10.47 0.60 0.44 0.064 0.117 0.007 Offset
Including 207 213 6 6.06 0.28 0.22 0.066 0.102 0.008 Cowboy
10-632 166 186 20 8.46 0.45 0.43 0.084 0.114 0.008 Offset
Including 176 182 6 17.62 0.79 0.58 0.081 0.124 0.008 Offset
10-633 177 196 19 7.66 0.41 0.43 0.063 0.099 0.008 Offset
Including 186 195 9 14.32 0.69 0.67 0.076 0.123 0.008 Offset

Offset Phase 1A Upper Offset Zone

Drill Hole From (m) To
(m)
Length (m) Pd
(g/t)
Pt
(g/t)
Au
(g/t)
Cu
(%)
Ni
(%)
Co
(%)

Location
10-700 NSA                
10-701 114 141 27 4.64 0.31 0.29 0.116 0.162 0.007 Offset
Including 216 223 7 2.87 0.26 0.41 0.176 0.185 0.009 Offset
10-702 129 151 22 2.83 0.26 0.24 0.129 0.150 0.007 Offset
10-703 114 135 21 10.94 0.63 0.52 0.113 0.154 0.010 Offset
Including 126 133 7 21.44 1.06 0.87 0.142 0.211 0.010 Offset
10-704 96 133 37 5.26 0.34 0.38 0.090 0.136 0.006 Offset
Including 113 116 3 12.47 0.87 0.85 0.204 0.275 0.009 Offset
Including 124 133 9 4.06 0.25 0.39 0.064 0.104 0.006 Cowboy
10-705 96 116 20 6.65 0.37 0.33 0.062 0.094 0.006 Offset
Including 96 110 14 8.52 0.45 0.40 0.073 0.107 0.007 Offset
Including 129 135 6 2.52 0.33 0.20 0.156 0.138 0.006 Offset
10-706 112 140 28 3.78 0.27 0.24 0.063 0.090 0.005 Offset
Including 116 119 3 15.17 1.05 1.19 0.248 0.242 0.008 Offset
10-707 122 162 40 6.24 0.37 0.41 0.074 0.126 0.006 Offset
Including 123 130 7 14.43 0.82 0.69 0.097 0.186 0.008 Offset
10-708 132 145 13 6.06 0.37 0.38 0.014 0.025 0.003 Offset
Including 132 137 5 8.78 0.48 0.34 0.014 0.027 0.004 Offset
Including 141 144 3 7.27 0.46 0.93 0.016 0.028 0.003 Offset
10-709 42 55 13 12.91 0.64 0.99 0.173 0.237 0.008 Offset
Including 45 50 5 21.24 1.03 1.48 0.212 0.324 0.010 Offset
10-710 54 81 27 7.18 0.44 0.53 0.126 0.173 0.008 Offset
10-711 91 122 29 7.90 0.46 0.54 0.128 0.169 0.008 Offset
Including 95 103 8 15.85 0.77 0.61 0.122 0.176 0.009 Offset
Including 114 120 6 3.42 0.27 0.52 0.176 0.175 0.008 Cowboy
10-713 49 60 11 11.22 0.66 0.67 0.108 0.190 0.008 Offset
Including 85 101 16 2.79 0.22 0.15 0.076 0.083 0.006 Cowboy
10-714 74 88 14 8.12 0.53 0.60 0.086 0.127 0.007 Offset
Including 123 126 3 4.17 0.35 0.68 0.274 0.264 0.009 Cowboy
10-715 96 133 37 4.31 0.25 0.15 0.039 0.097 0.006 Offset
Including 97 107 10 12.04 0.60 0.39 0.063 0.145 0.008 Offset
10-716 99 115 16 6.08 0.38 0.33 0.104 0.137 0.007 Offset
Including 103 109 6 11.52 0.62 0.49 0.138 0.186 0.007 Offset
10-719 93 113 20 5.52 0.32 0.34 0.132 0.157 0.008 Offset
Including 98 105 7 10.04 0.45 0.34 0.095 0.149 0.009 Offset
10-719 136 140 4 3.84 0.34 0.16 0.063 0.088 0.005 Cowboy
10-720 Partial Assay                
10-720 94 116 22 6.64 0.38 0.56 0.169 0.207 0.009 Offset
Including 99 105 6 15.07 0.64 0.47 0.097 0.145 0.009 Offset
10-720 164 169 5 6.27 0.47 0.45       Cowboy
10-723 64 99 35 6.10 0.42 0.38 0.095 0.127 0.007 Offset
Including 67 71 4 7.18 0.41 0.40 0.075 0.121 0.009 Offset
Including 79 83 4 11.69 0.71 0.83 0.166 0.174 0.005 Offset
Including 90 94 4 10.73 0.68 0.53 0.146 0.217 0.008 Offset
10-724 70 100 30 5.04 0.34 0.32 0.101 0.123 0.006 Offset
Including 80 83 3 9.20 0.67 0.30 0.118 0.161 0.005 Offset
Including 91 99 8 8.29 0.51 0.56 0.132 0.189 0.008 Cowboy
10-725 100 133 33 5.09 0.29 0.25 0.067 0.113 0.006 Offset
Including 103 115 12 10.39 0.53 0.42 0.103 0.174 0.008 Offset
10-728 Partial Assay                
10-728 111 163 52 4.18 0.22 0.13       Offset
10-728 115 121 6 12.27 0.64 0.36       Offset
10-728 141 150 9 7.68 0.31 0.16       Cowboy
10-729 Partial Assay                
10-729 117 162 45 4.06 0.26 0.19       Offset
Including 118 123 5 6.34 0.44 0.30       Offset
Including 150 157 7 10.88 0.54 0.28       Cowboy
10-730 NSA               Missed zone
10-732 105 123 18 3.58 0.41 0.32 0.107 0.113 0.007 Offset
Including 111 115 4 5.72 0.62 0.57 0.157 0.175 0.008 Offset
10-733 70 76 6 4.33 0.28 0.19 0.107 0.127 0.009 Offset
10-733 94 98 4 5.52 0.43 0.86 0.233 0.288 0.010 Cowboy
10-733 110 114 4 4.22 0.33 0.24 0.151 0.133 0.007 Cowboy
10-734 119 204 85 3.63 0.27 0.14 0.048 0.098 0.005 Offset
10-734 119 127 8 6.65 0.42 0.27 0.072 0.162 0.007 Offset
10-734 189 193 4 12.04 0.64 0.17 0.033 0.095 0.005 Offset
10-735 103 138 35 4.81 0.31 0.35 0.103 0.134 0.008 Offset
Including 104 119 15 6.58 0.45 0.56 0.142 0.160 0.011 Offset
10-739 61 64 3 7.59 0.43 0.42 0.064 0.071 0.007 Offset
Including 79 94 15 2.96 0.29 0.25 0.066 0.091 0.007 Offset
10-740 11 21 10 2.30 0.33 0.26 0.290 0.271 0.023 Other
Including 67 94 27 3.10 0.32 0.30 0.082 0.117 0.008 Offset
Including 80 91 11 3.84 0.42 0.38 0.095 0.150 0.010 Offset
10-741 NSA                
10-742 80 88 8 3.35 0.32 0.35 0.049 0.094 0.006 Offset
10-743 65 69 4 3.94 0.38 0.41 0.129 0.132 0.009 Other
10-743 92 102 10 3.97 0.44 0.26 0.091 0.112 0.007 Offset
Including 93 96 3 6.40 0.69 0.34 0.103 0.123 0.008 Offset
10-743 114 117 3 3.70 0.40 0.26 0.112 0.118 0.008 Cowboy
10-744 16 21 5 3.66 0.57 0.32 0.805 0.320 0.016 Other
10-744 72 88 16 3.97 0.30 0.33 0.074 0.100 0.007 Offset
Including 80 85 5 5.77 0.47 0.51 0.116 0.142 0.008 Offset
10-745 NSA                
10-746 71 74 3 4.21 0.32 0.19 0.049 0.092 0.007 Offset
10-747 57 75 18 4.00 0.27 0.18 0.054 0.093 0.007 Offset
Including 68 74 6 5.21 0.31 0.18 0.063 0.104 0.007 Offset
10-747 95 97 2 6.92 0.43 0.09 0.014 0.051 0.004 Cowboy
10-748 51 55 4 6.63 0.45 0.31 0.053 0.078 0.007 Offset
10-748 77 120 43 3.57 0.36 0.18 0.066 0.086 0.006 Offset
Including 77 81 4 7.23 0.40 0.25 0.070 0.098 0.006 Offset
Including 93 96 3 5.55 0.68 0.35 0.127 0.131 0.007 Cowboy
Including 112 120 8 5.58 0.58 0.10 0.041 0.087 0.005 Cowboy
10-749 106 109 3 4.57 0.50 0.15 0.025 0.067 0.005 Offset
10-749 117 121 4 3.29 0.37 0.16 0.055 0.096 0.006 Offset
10-750 51 57 6 3.57 0.29 0.22       Offset
10-750 103 112 9 4.23 0.48 0.32       Offset
10-751 NSA                
10-752 NSA                
10-753 135 146 11 3.68 0.44 0.30 0.086 0.099 0.006 Offset
10-754 NSA                
10-755 Partial Assay                
10-757 62 76 14 3.51 0.24 0.13 0.035 0.063 0.006 Offset
10-763 115 118 3 3.00 0.33 0.06 0.027 0.086 0.005 Offset
10-763 127 129 2 4.26 0.50 0.37 0.129 0.142 0.009 Offset
10-764 45 59 14 3.44 0.24 0.11 0.072 0.080 0.007 Offset
Including 52 58 6 5.32 0.31 0.12 0.052 0.080 0.007 Offset
10-765 118 122 4 6.27 0.58 0.46 0.148 0.158 0.007 Offset
10-770 Partial Assay                
10-770 34 54 20 2.99 0.21 0.09 0.054 0.064 0.007 Offset
Including 48 54 6 7.21 0.41 0.13 0.044 0.074 0.007 Offset
10-771 114 117 3 5.93 0.70 0.32 0.180 0.133 0.008 Offset Called Short
10-772 44 57 13 7.22 0.47 0.19 0.088 0.124 0.009 Offset
Including 48 55 7 10.09 0.56 0.18 0.055 0.117 0.008 Offset
10-772 76 81 5 4.50 0.28 0.17 0.052 0.097 0.007 Cowboy
10-772 112 114 2 4.87 0.32 0.18 0.048 0.070 0.006 Cowboy
10-779 46 69 23 6.53 0.44 0.41 0.081 0.126 0.007 Offset
Including 49 59 10 9.78 0.65 0.64 0.096 0.154 0.007 Offset
Including 84 87 3 6.32 0.45 0.13 0.014 0.063 0.004 Cowboy
10-780 45 66 21 4.54 0.27 0.10 0.073 0.108 0.006 Offset
Including 45 49 4 10.48 0.56 0.09 0.076 0.134 0.008 Offset
10-800 Partial Assay                
10-800 112 132 20 3.73 0.30 0.27       Offset
Including 112 115 3 4.47 0.33 0.18       Offset
Including 123 132 9 5.92 0.49 0.53       Offset
Including 126 129 3 10.98 0.89 1.24       Offset
10-801 109 119 10 8.22 0.58 0.47 0.087 0.135 0.006 Offset
10-801 139 150 11 3.71 0.25 0.10 0.024 0.062 0.004 Cowboy Called Short
10-802 85 89 4 4.10 0.30 0.53 0.180 0.174 0.009 Offset
10-802 117 120 3 4.21 0.36 0.30 0.098 0.140 0.007 Cowboy
10-803 Partial Assay                
10-803 83 88 5 3.76 0.40 0.12       other
10-803 106 108 2 3.73 0.44 0.84       Offset
10-803 112 117 5 2.93 0.28 0.09       Offset
10-804 66 79 13 3.44 0.26 0.39 0.151 0.164 0.007 Offset
Including 66 70 4 5.24 0.40 0.43 0.200 0.230 0.008 Offset
10-805 Partial Assay                
10-806 130 135 5 3.53 0.24 0.24 0.180 0.185 0.008 Offset
10-807 128 139 11 4.53 0.33 0.35 0.174 0.189 0.007 Offset
Including 131 134 3 6.35 0.42 0.54 0.256 0.244 0.009 Offset
10-808 Partial Assay                
10-808 130 160 30 3.92 0.27 0.38       Offset
Including 131 137 6 7.15 0.53 0.96       Offset
Including 146 149 3 6.81 0.46 0.23       Offset
 Including 154 157 3 4.99 0.34 0.41       Offset

 NSA: no significant assays

To view the entire release with the figure diagrams in the appendix, please visit the following link: http://cnrp.marketwire.com/cnrp_files/20110213-north_american_palladium_pr02_feb14.pdf

Contact Information

  • North American Palladium Ltd.
    Camilla Bartosiewicz
    Manager, Investor Relations and Corporate Communications
    416-360-7590 Ext. 7226
    camilla@nap.com
    www.nap.com