North American Palladium Ltd. (TSX:PDL)(NYSE Amex:PAL) reported the plans to drill 53,000 metres in 2010 as part of a $6.2 million exploration program for its gold division.

The press release is quoted as saying:

NAP is a Canadian precious metals company focused on the production of palladium and gold in mining friendly jurisdictions. Lac des Iles, the Company's flagship mine, is one of North America's two primary palladium producers. Located approximately 85 kilometres northwest of Thunder Bay, Ontario, Lac des Iles has produced palladium since 1993. NAP also owns and operates the Sleeping Giant mine located in the prolific Abitibi region of Quebec.

Click here to access the entire press release ^[1]

Click here to access NAP Corporate Site ^[2]