North American Palladium Ltd. recently reported positive exploration results from the Offset South Zone at its Lac des Iles mine property in Thunder Bay, Ontario, Canada. Offset South is located adjacent to the sub-level shrinkage (SLS) mining zone and has the potential to significantly add to the resources currently being mined in that zone. The company has also made significant progress exploring other targets on the property and reported record production last month.
“We are encouraged to see the positive drill results from the Offset South Zone,” said Jim Gallagher, president and CEO of North American Palladium. “This large target has the potential to significantly increase the resources currently being mined as part of the low-cost SLS mining zone.