Impala Canada Ltd. Acquires 51% Interest in the Sunday Lake PGM Project
August 22, 2019 at 07:26 am EDT
Impala Canada Ltd. has vested a 51% interest in the Sunday Lake Project. The company decision to elect to continue investing in this platinum group metal property was supported by encouraging drilling results from the PGM Zone, including the best intersection reported to date (41.2m grading 3.22 g/t Pt, 2.08 g/t Pd and 0.21 g/t Au in drill hole SL-19-026). After completing two winter drilling programs, the company has exceeded the mandated two-year exploration expenditure requirement and has completed the requisite cash payments to its partners, comprising CAD 675,000 to Impala Platinum Holdings Ltd. and CAD 75,000 to transition Metals Corp.