Winter and spring drilling on a northwestern Ontario base metals property has produced some high-grade results for an area mining company. In an April 29 news release, North American Palladium (NAP) said the outcome of its exploration program shows “extensive” platinum group metals (PGM) mineralization on the Sunday Lake property, 25 kilometres north of Thunder Bay. The Sunday Lake Project is a joint venture between Impala Platinum Holdings and Transition Metals of Sudbury. NAP has an option agreement to acquire a 75 per cent ownership stake in Sunday Lake if it spends $4.5 milllion to work the property and makes cash payments of $3.5 million over five years. Transition retains a 25 per cent free carried interest in the project through to the completion of a feasibility study READ HERE
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