Canadian Palladium's Drill Program Bridges Valhalla and Garden Zones to Define over 2.5 km Strike Length of Palladium Mineralization at East Bull Deposit
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FOR IMMEDIATE RELEASE
CANADIAN PALLADIUM’S DRILL PROGRAM BRIDGES VALHALLA AND GARDEN
ZONES TO DEFINE OVER 2.5 KM STRIKE LENGTH OF PALLADIUM
MINERALIZATION AT EAST BULL DEPOSIT
Vancouver, British Columbia, March 10, 2021 – Canadian Palladium Resources Inc. (the
"Company") (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR1) is pleased to provide new assay
results for five diamond drill holes EB-20-43 to EB-20-47 at the East Bull Palladium Deposit, located
90 kilometres west of Sudbury, Ontario. These holes bridged the west end of the Valhalla Zone with
the Garden Zone. The drilling program has now defined over 2.5 km strike length of near-
continuous disseminated sulphide mineralization hosting palladium, platinum, rhodium, gold
and base metals.
A highlight from the current results is Hole EB-20-43 that intersected two mineralized intervals
with 1.71 grams of Palladium equivalent (PdEq) over 7.0 metres and 1.44 grams PdEq over 10.0
metres at the west end of the Valhalla Zone. Holes EB-20-46 and -47 extended the Garden Zone
east from previously drilled mineralization with 9.0 m of 1.16 g/t PdEq and 7.0 m of 1.30 g/t PdEq
respectively. Hole EB-20-45 intersected the fault zone that separates the Valhalla and Garden Zones
and did not encounter any significant values. The hole locations and selected intersections relative to
the mineralized zones are shown in Figure 1 and Appendix 1 below.
Wayne Tisdale, Canadian Palladium’s CEO, commented, “Our East Bull drilling program has
succeeded in showing that this Deposit continues on strike to the west. We’re very encouraged that
we’ve been able to use our 2020 airborne magnetic survey to enhance our understanding of the Property
geology and optimize our drill targeting. We look forward to updating the resource estimate for the
Property at the conclusion of our drilling program.”
Rhodium (Rh) is currently trading at an all-time high price of US$25,000/oz and the Company
notes that rhodium is a significant component of East Bull mineralization. Previously reported
high-grade intersections from the East Bull drilling program include the following rhodium (Rh)
values:
• EB-20-01 – 6.0 m at 6.30 g/t 3PGM+Au including 0.083 g/t Rh;
• EB 20-03 – 3.0 m at 4.85 g/t 3PGM+Au including 0.065 g/t Rh;
• EB-20-07 – 3.0 m at 6.06 g/t 3PGM+Au including 0.108 g/t Rh;
• EB-20-12 – 2.0 m at 4.90 g/t 3PGM+Au including 0.153 g/t Rh.
The Company’s protocol is to analyze Rh after initially assaying for palladium, platinum and gold.
Once Rh results are received, the Rh concentrations will be reported and Rh will be included as a
component of 3PGM (palladium+platinum+rhodium) and included in calculations of palladium
equivalent (PdEq). At current prices Rh will be the second most important contributor to PdEq at
East Bull after Pd itself.
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Table 1: Diamond Drill Hole Results EB-20-34 and EB-20-39 to EB-20-42
Hole ID From
Metres
To
Metres
Width
Metres Pd g/t Pt g/t Au g/t Cu
% Ni % Co % PGM +
Au g/t
Pd Eq
Grams
per Ton
EB-20-
43 192 199 7 0.765 0.331 0.057 0.127 0.081 0.009 1.153 1.71
also 204 214 10 0.766 0.365 0.035 0.042 0.028 0.005 1.166 1.437
EB-20-
44 169 173 4 0.634 0.296 0.023 0.057 0.023 0.004 0.953 1.219
EB-20-
45 No Significant Results
EB-20-
46 113 122 9 0.552 0.178 0.049 0.101 0.034 0.007 0.779 1.163
EB-20-
47 147 154 7 0.48 0.154 0.058 0.173 0.074 0.009 0.692 1.301
1. Individual demarked samples were sawn in half, bagged, sealed and transported by courier to the
laboratory. Duplicates, blanks and standards were introduced to the sample stream on site.
Samples were sent to AGAT Laboratories, Mississauga, Ontario. Each sample was analysed
using the AGAT Laboratories codes 202555, Fire Assay-ICP (50g); 201070, 4 Acid Digest / ICP-
OES Finish.
2. Reported widths are drilled widths, with true widths estimated to be 90 per cent of drilled widths
for minus-60-degree-holes to approximately 85 per cent of drilled width for minus-70-degree
holes.
3. Pd-Eq grade based on parameters in the May 23, 2019, NI 43-101 Resource Estimate and Technical
Report. Metal prices are based on 24-month trailing averages at January 31, 2018. In US$ these
prices are: Pd – $767/oz; Pt – $973/oz; Rh – $1,000/oz; Au – $1.262/oz; Cu – $2.53/lb; Ni –
$4.62/lb; Co – $20/lb.
The Company’s drill program is ongoing and current drilling is successfully intersecting a western
continuation of the Garden Zone. Samples have been submitted for analysis and assays are
pending. The Palladium mineralization is hosted within a 45° north dipping vari-textured gabbro
unit near the basal contact of the East Bull Gabbro. Drilling has successfully focused on testing
the downdip extension of this “contact-type” mineralization. Such mineralization structures are
typically tens of metres thick.
Mr. Garry Clark, P. Geo., of Clark Exploration Consulting, is the “Qualified Person” as defined in
NI 43-101, who has reviewed and approved the technical content in this press release.
Canadian Palladium Resources Inc.
Wayne Tisdale, President and CEO
T: (604) 639-4472
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Figure 1. Drill intersections reported in this release relative to Garden and Valhalla Zones
of the East Bull Palladium Deposit. Base map is airborne total field magnetic survey.
Appendix 1. Drill Hole Location information
HOLE-ID UTM
Easting
UTM
Northing DEPTH AZIMUTH DIP
EB-20-43 404403 5141627 272 180 -60
EB-20-44 404302 5141473 272 180 -45
EB-20-45 404296 5141328 146 180 -45
EB-20-46 404202 5141335 152 180 -60
EB-20-47 404068 5141331 200 180 -60
Drill collar coordinates are in NAD83 UTM 17N
Reader Advisory
This news release contains certain "forward-looking information" within the meaning of applicable securities law.
Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or
"will" occur. In particular, forward-looking information in this press release includes, but is not limited to, statements
with respect to the analytical results and exploration at the East Bull palladium property.
Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be
no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or
achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or
in part, as those set out in the forward-looking information. Forward-looking information is based on the opinions
and estimates of management at the date the statem ents are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in
the forward-looking information. Some of the risks and other factors that could cause the results to differ materially
from those expressed in the forward-looking information include, but are not limited to: general economic conditions
in Canada and globally; industry conditions, including governmental regulation and environmental regulation;
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failure to obtain industry partner and other third party consents and approvals, if and when required; the availability
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personnel and supplies; incorrect assessments of the value of acquisitions; geological, technical, processing and
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construed as exhaustive. The forward-looking information contained in this news release is expressly qualified by this
cautionary statement. We undertake no duty to update any of the forward -looking information to conform such
information to actual results or to changes in our expectations except as otherwise required by applicable securities
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