CANADIAN PALLADIUM CONTINUES TO INTERSECT EXCELLENT PALLADIUM GRADES AT EAST BULL Canadian Palladium Resources Inc. has provided the analytical sample complete results for diamond drill holes EB-20-01 to EB-20-06 and the partial results of EB-20-07 on its East Bull palladium property, 90 kilometres west of Sudbury, Ont. The company has completed 10 diamond drill holes (1841 metres) prior to shutting down with the COVID-19 pandemic. All 10 holes have been sampled and the samples have been delivered to Activation Laboratories in Ancaster, Ont.
The diamond drilling to date has focused on the east end of the Valhalla zone testing the palladium zone to determine if there are structural controls and continuity down dip and along strike within the inferred resource (see press release dated July 3, 2019). Previous work had indicated a relationship of chalcopyrite and palladium values, with the results returned to date there seems to be palladium values in some cases that are not related to visible chalcopyrite. When the program recommences additional sampling and analysis will be completed to assess this possibility. The initial three holes of the 2020 diamond drill program evaluated a strike length of about 50 metres testing 50 to 75 metres below surface.
SIGNIFICANT DIAMOND DRILL INTERCEPTS From To Length Palladium Hole metres metres metres grams/tonne EB-20-01 28.0 38.0 10.0 2.50 includes 28.0 35.0 7.0 3.32 EB-20-02 37.0 42.0 5.0 1.14 EB-20-03 27.0 38.0 11.0 1.61 includes 27.0 31.0 4.0 3.63 EB-20-06 70.0 74.0 4.0 0.78 EB-20-07 109.0 118.0 9.0 2.14 includes 109.0 115.0 6.0 2.82
INDIVIDUAL INTERCEPTS OF EB-20-01 TO EB-20-07 From To Length Pd Pt Au Hole metres metres metres ppb ppb ppb Comments EB-20-01 28.00 38.00 10.0 2,500 includes 28.00 29.00 1.00 2,830 1,810 75 First sample, need to add samples above 29.00 30.00 1.00 5,040 2,650 230 30.00 31.00 1.00 5,530 2,670 454 Duplicate of 587753 5,760 2,620 466 31.00 32.00 1.00 2,620 1,010 170 32.00 33.00 1.00 3,840 1,370 173 33.00 34.00 1.00 2,010 671 120 34.00 35.00 1.00 1,260 421 135 35.00 36.00 1.00 968 272 51 36.00 37.00 1.00 198 83 12 Standard CDN-PGMS-19 465 115 214 37.00 38.00 1.00 639 296 36 EB-20-02 37.0 42.0 5.0 1,136 includes 37.00 38.00 1.0 1,230 470 49 First sample, need to add samples above 38.00 39.00 1.0 1,410 435 60 39.00 40.00 1.0 785 261 61 40.00 41.00 1.0 1,940 670 62 Standard CDN-PGMS-19 504 118 219 includes 41.00 42.00 1.0 317 88 25 EB-20-03 27.00 38.0 11.0 1,613 includes 27.00 31.0 4.0 3,627 includes 27.00 28.00 1.00 941 447 21 First sample, need to add samples above 28.00 29.00 1.00 4,310 2,560 177 29.00 30.00 1.00 2,880 1,360 225 30.00 31.00 1.00 2,020 833 56 Duplicate of 587689 2,230 912 49 31.00 32.00 1.00 813 289 51 32.00 33.00 1.00 1,330 496 60 33.00 34.00 1.00 821 262 48 34.00 35.00 1.00 1,020 312 83 35.00 36.00 1.00 1,270 378 73 36.00 37.00 1.00 778 211 112 37.00 38.00 1.00 1,460 447 109 EB-20-04 No significant values Additional samples required EB-20-05 No significant values Additional samples required EB-20-06 70.00 74.00 4.00 784 includes 70.00 71.00 1.00 535 123 17 Additional samples required 71.00 72.00 1.00 1,390 395 71 72.00 73.00 1.00 356 90 20 73.00 74.00 1.00 853 270 55 EB-20-07 58.00 59.00 1.00 4,010 2,130 24 70.00 71.00 1.00 1,250 493 79 109.00 118.00 9.00 2,141 includes 109.00 115.00 6.00 2,823 includes 109.00 110.00 1.00 2,310 428 91 Standard 488 105 202 110.00 111.00 1.00 1,450 682 284 111.00 112.00 1.00 509 453 15 112.00 113.00 1.00 8,190 3,010 264 113.00 114.00 1.00 731 361 289 114.00 115.00 1.00 3,750 1,430 140 115.00 116.00 1.00 785 438 49 116.00 117.00 1.00 811 332 55 117.00 118.00 1.00 735 271 88 Last sample reported 118.00 to 119.00. Eighteen metres of assays to be returned. Note: 1,000 parts per billion equals one gram per tonne.
Individual demarked samples were sawn in half, bagged, sealed and transported by courier to Activation Laboratories (ISO/IEC 17025 certified) in Ancaster, Ont. Duplicates and standards were introduced to the sample stream as illustrated. Each sample was analyzed using the Activation Laboratories codes RX1, 1C-OES 50 g (Au, Pt, Pd); 1F2 Total Digestion ICP.
Intercept widths are core width as there is insufficient 2020 drilling to determine true width.
Canadian Palladium intends to analyze significant palladium zones for rhodium.
The diamond drill program will recommence once the geological staff and diamond drillers determine the risk of the COVID-19 pandemic has abated.
Garry Clark, PGeo, of Clark Exploration Consulting, is the qualified person as defined in National Instrument 43-101, who has reviewed and approved the technical content in this press release.
Wayne Tisdale commented: "I am excited by the results we have received from the first holes. Our geological team is gathering excellent information from present diamond drilling and we look forward to the results of the aggressive diamond drill program."