North American Palladium (NAP), the owner of the Lac des Iles mine near Thunder Bay, Ontario, has vested a 51% interest in the Sunday Lake project, in which South African platinum major Impala Platinum (Implats) and Canadian project generator Transition Metals are the remaining shareholders.
Announcing its continued investment in the platinum group metal (PGM) property on Monday, the company said that its decision was supported by encouraging drilling results from the PGM Zone, including the best intersection reported to date – 41.2 m grading 3.22 g/t platinum, 2.08 g/t palladium and 0.21 g/t gold.