Sunday Lake Property

On June 20, 2017, North American Palladium (NAP) signed a Definitive Option Agreement with Impala Platinum Holdings Limited and Transition Metals Corp. for the exclusive right to acquire a 75% ownership position in the Sunday Lake Project near Thunder Bay, Ontario.

Sunday Lake is approximately 2,600 hectares of mineral claims and patents about 60 kilometers from Lac des Iles Mine. NAP’s recent exploration drilling and geophysical surveys have significantly expanded the known extent of platinum group metal (PGM)-rich magmatic sulfide mineralization (dubbed the PGM Zone) at Sunday Lake across the known length and width of the host Sunday Lake Intrusion. (For more information, see the Company’s news release dated April 29, 2019).

Current geological interpretations based on available drilling and geophysical information suggest that the PGM Zone is a <10 to >60m thick zone of disseminated PGM- and copper-rich sulfides. The more sulfide-rich parts of the zone feature typical average grades of 3 to 6 grams per tonne (g/t) of combined platinum, palladium and gold and 0.5 to 1% copper with maximum grades over the most sulfide-rich intervals exceeding 15 g/t 3E, 1.5% and 0.4% nickel. Both surface magnetotelluric and borehole electromagnetic surveys have proven effective in discovering the more sulfide-rich parts of the PGM Zone.

Sunday Lake Project Updates