Canadian Palladium Intersects 2.97 Pd-Eq Over 12.0 Metres, Expanding East Bull Mineralization West and Down-Dip
1
FOR IMMEDIATE RELEASE
CANADIAN PALLADIUM INTERSECTS 2.97 Pd Eq OVER 12.0 METRES,
EXPANDING EAST BULL MINERALIZATION WEST AND DOWN-DIP
Vancouver, British Columbia, November 23, 2020 – Canadian Palladium Resources Inc. (the
"Company") (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR1) is pleased to provide additional
analytical results for diamond drill holes EB-20-32, 33 and EB-20-35 to EB-20-38 on the East Bull
Palladium Property, 90 kilometres west of Sudbury, Ontario.
- The new results include a 12.0 m section of 2.97 g/t Palladium Equivalent (Pd-Eq) (hole
EB-20-37)
- The same hole includes a 5.0 m section of 5.59 g/t Pd-Eq
- This interval also includes 1.0 m of 9.57 g/t Pd-Eq, one of the highest grade results
intersected to date at the East Bull Project
Wayne Tisdale, Canadian Palladium’s CEO, commented, “The new results confirm our
interpretations that there are multiple high-grade sections within the Valhalla Zone. The new high-
grade mineralization is open to the west and we will be providing additional drill results on this
target shortly. Our program continues to expand this near-surface palladium mineralization and
the whole project benefits from our proximity to the Sudbury mining camp.”
Drill hole intercepts for holes EB-20-32, 33 and EB-20-35 to EB-20-38 are reported in the
following table. Drill hole locations are provided at the end of the release. To date all of the
intercepts are shallow and within 150 m vertical depth from surface.
Diamond Drill Hole Results EB-20-32 to EB-20-38
Hole ID From
(Metres)
To
(Metres)
Width
(Metres)
Pd g/t Pt g/t Au g/t Cu % Ni % Co % 3PGM +
Au g/t
Pd Eq Grams
per Ton
EB-20-32 194 196 2 0.374 0.132 0.029 0.07 0.04 0.006 0.535 0.947
EB-20-33 289 291 2 0.587 0.38 0.012 0.007 0.023 0.006 0.978 1.165
EB-20-34 Awaiting analytical results
EB-20-35 138 152 14 0.465 0.164 0.029 0.086 0.049 0.007 0.658 1.014
also 156 159 3 0.521 0.164 0.027 0.052 0.042 0.006 0.711 0.975
also 174 183 9 0.369 0.209 0.063 0.070 0.035 0.006 0.642 0.966
EB-20-36 164 173 9 0.619 0.176 0.030 0.028 0.029 0.006 0.825 1.023
also 188 194 6 0.299 0.207 0.048 0.073 0.047 0.007 0.554 0.899
EB-20-37 128 140 12 1.798 0.499 0.092 0.143 0.044 0.006 2.389 2.966
incl 137 138 1 6.400 1.566 0.350 0.297 0.026 0.006 8.32 9.566
1
Hole ID From
(Metres)
To
(Metres)
Width
(Metres)
Pd g/t Pt g/t Au g/t Cu % Ni % Co % 3PGM +
Au g/t
Pd Eq Grams
per Ton
incl 133 138 5 2.360 0.611 0.090 0.157 0.036 0.005 4.723 5.587
EB-20-38 65 85 20 0.572 0.207 0.390 0.078 0.043 0.006 0.817 1.155
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. Holes
EB-20-32 to 34 were sent to Activation Laboratories (ISO/IEC 17025 Certified) in Ancaster
Ontario. Each sample was analysed using the Activation Laboratories codes RX1, 1C-OES 50 g
(Au, Pt, Pd); 1F2 Total Digestion ICP. Holes EB-20-35 to EB20-38 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 – S767/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 10,000 m drill program continues to extend the Valhalla Zone resource down dip
and towards the west. The drilling in this section of the Valhalla Zone has produced consistent
results for over a kilometre strike length to vertical depths of 150 metres. The mineralization
widths within this area varies from 6 to 71 metres core width (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).
The Company’s exploration team is focused on the interpretation of the connection of the Valhalla
Zone and the Garden Zone. The Palladium mineralization is hosted within 45o north dipping vari-
textured gabbro unit near the basal contact of the East Bull Gabbro. Drilling has successfully
focused on testing t he 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.
1
Canadian Palladium Resources Inc.
Wayne Tisdale, President and CEO
T: (604) 639-4472
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 statements 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;
failure to obtain industry partner and other third party consents and approvals, if and when required; the availability
of capital on acceptable terms; the need to obtain required approvals from r egulatory authorities; stock market
volatility; liabilities inherent in water disposal facility operations; competition for, among other things, skilled
personnel and supplies; incorrect assessments of the value of acquisitions; geological, technical, processing and
transportation problems; changes in tax laws and incentive programs; failure to realize the anticipated benefits of
acquisitions and dispositions; and the other factors. Readers are cautioned that this list of risk factors should not be
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
legislation. Readers are cautioned not to place undue reliance on forward-looking information.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.
1
Appendix 1. Drill Hole Location information
Hole No. Easting Northing Azimuth Dip Depth
(m)
EB-20-32 405229 5141650 180 -70 260
EB-20-33 405420 5141773 180 -60 362
EB-20-34 405525 5141774 180 -60 371
EB-20-35 404713 5141645 180 -60 246
EB-20-36 404598 5141647 180 -60 260
EB-20-37 404500 5141564 180 -60 230
EB-20-38 404398 5141428 180 -60 200