This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:North American Palladium to acquire Harricana North 2009-11-05 08:58 ET - News Release Also News Release (C-ADK) Diagnos Inc (2)
Mr. William Biggar of North American Palladium reports NAP ACQUIRES HARRICANA NORTH PROPERTY FROM DIAGNOS INC. North American Palladium Ltd. (NAP) has signed an agreement
with Diagnos Inc. to acquire the Harricana North property located in Quebec's Abitibi region
north-northwest of its wholly owned Sleeping Giant mine and mill. The Harricana North property, which
offers excellent potential for gold mineralization, consists of 133 non-contiguous claims and covers a
surface area of approximately 7,490 hectares. NAP will acquire a 100-per-cent interest in the property in
exchange for a payment of $20,000 upon closing and granting Diagnos a 2-per-cent net smelter returns royalty (NSR) over the acquired
property.
"When we acquired the Sleeping Giant gold mine earlier this year, one of our strategic objectives was to
develop a regional presence that would leverage Sleeping Giant's milling facilities," said William J. Biggar,
NAP's president and chief executive officer. "This acquisition is consistent with that objective and is part
our ongoing vision to build our gold division to 250,000 ounces of annual production." The remainder is available to Stockwatch subscribers.
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