Vancouver, British Columbia--(Newsfile Corp. - February 3, 2022) - Canadian Palladium Resources Inc. (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR1) (the "Company") has received new assay results for recently completed diamond drill holes on the Company's East Bull Palladium Deposit, located 90 km west of Sudbury, Ontario (the "Property"). These holes extend the East Bull Deposit on strike for approximately 250 m to the east. Additionally, the Company is pleased to announce that a metallurgical test work program on the mineralization is in progress.
Drill Results - Highlights from holes EB-21-63 and 64 include:
- Hole EB-21-63 had a 7.0 m intersection grading 2.13 g/t PdEq and an additional 6.0 m at 1.57 g/t PdEq in the Valhalla Zone;
- Hole EB-21-64 had a wide 13.0 m intersection grading 1.85 g/t PdEq in the Valhalla Zone.
Wayne Tisdale, Canadian Palladium's CEO, commented, "Our drilling program has continued to increase the size of the East Bull Deposit. We have decided to include the palladium mineralization intersected by these successful holes along with additional holes on the west side of the Property in in our updated Resource Estimate. Consequently, the updated Resource Estimate will now be released in February 2022."
The current results are part of a 20,000 m drill program with a primary objective of expanding the current Inferred Resource and discovery of new mineralization.
https://www.newsfilecorp.com/release/112532