- Write by:
-
Friday, May 31, 2019 - 12:25:12 PM
-
765 Visit
-
Print
Mining News Pro - Toronto-based North American Palladium (TSE: PDL) says underground exploration at its Lac des Iles mine 90 kms north of Thunder Bay has discovered a new zone – C zone. Drill results suggest that it is a large area of palladium mineralization in the footwall of the Offset zone.
According to Mining News Pro - Assays from C zone include 4.18 g/t palladium over 19.4 metres, 3.06 g/t over 25.0 metres, and 2.93 g/t over 74.9 metres, including 638 g/t over 19.2 metres and 9.00 g/t over 5.0 metres.
“Based on the large and growing number of underground exploration targets, we are increasing our 2019 exploration and definition drilling budget by $5.7 million," said president and CEO Jim Gallagher.
That is enough to add 25,000 metres of underground exploration drilling and 75,000 metres of definition drilling at Lac des Iles this year.
NAP says C zone has become a major focus of exploration because of good drill results, a large modelled target size, and its location near the existing Offset zone. This proximity means the capital costs of development would be low if 43-101 compliant resources can be outlined.
Recent drilling at the C zone target has shown that it consists of two mineralized trends including a north-south trend parallel to the central Offset zone and a southwest striking trend that generally follows the western contact between the intrusion and the basement rocks and the southeast domain of the Offset zone.
Short Link:
https://www.miningnews.ir/En/News/381371
The United States is looking to Africa to help loosen a Chinese stranglehold on battery metals and reduce Russia’s ...
A researcher at the Leibniz Institute for Catalysis in Rostock has developed new methods for the synthesis of drug ...
The United States and Canada announced Monday they have agreed to cooperate to reduce and mitigate the impacts of water ...
Australia’s Perseus Mining is not giving up on its plans to acquire African gold developer OreCorp, releasing on Friday ...
Québec-focused gold junior O3 Mining (TSXV: OIII) has been named winner of the 2024 PDAC Award for Sustainable ...
The Turkish unit of SSR Mining Inc. will pay for all cleanup costs following a landslide at its Copler gold mine in ...
Sibanye Stillwater on Tuesday reported a $2 billion annual loss and scrapped its final dividend, hurt by a slump in ...
Canada and Australia have agreed to promote shared priorities related to the extraction, processing, and refining of ...
Canadian miner Frontier Lithium said on Monday it is forming a joint venture with Japanese trading house Mitsubishi to ...
No comments have been posted yet ...