Canadian Palladium Defines 2.9 km Mineralized Strike Length; Releases 9.7 g/t Over 2 Metres PdEq Drill Result
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FOR IMMEDIATE RELEASE
CANADIAN PALLADIUM DEFINES 2.9 KM MINERALIZED STRIKE LENGTH;
RELEASES 9.7 g/t OVER 2 METRES PdEq DRILL RESULT
Vancouver, British Columbia, March 30, 2021 – Canadian Palladium Resources Inc. (the
"Company") (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR1) is pleased to provide new assay
results for drill holes EB-20-48 to EB-21-50 at the East Bull Palladium Deposit, located 90 kilometres
west of Sudbury, Ontario. Holes EB-20-48 to EB-21-50 have extended the Garden Zone to the west
for 400 metres on strike. A highlight from the current results is hole EB-21-50 that intersected two
mineralized intervals with 9.709 grams/tonne Palladium-equivalent ( g/t PdEq) over 2.0 metres
and 1.055 g/t PdEq over 24.0 metres in the Garden Zone. The drilling program has now defined
over 2.9 km strike length of near-continuous disseminated sulphide mineralization hosting
palladium, platinum, rhodium, gold, and base metals.
Wayne Tisdale, Canadian Palladium’s CEO, commented, “With a mineralized zone of almost 3
kilometres, and palladium prices at an all-time high, East Bull continues to provide us with excellent
results. Additionally, we are awaiting our rhodium results, and with rhodium currently over $26,000
per ounce, rhodium will be the second most important contributor to PdEq at East Bull after Pd itself.”
Mineralized intervals from holes EB-20-48 to EB-21-50 are reported in Table 1. Appendix 1
provides details of hole locations and orientations. Figure 1 shows the locations of the drill holes.
Table 1: Diamond Drill Hole Results EB-20-48 to EB-21-50
Hole ID From
(Metres)
To
(Metres)
Width
(Metres)
Pd
g/t Pt g/t Au
g/t Cu % Ni % Co %
3PGM
+ Au
g/t
Pd Eq
Grams
per Ton
EB-20-48 157 163 6 0.324 0.112 0.045 0.090 0.038 0.007 0.481 0.829
EB-21-49 248 255 7 1.406 0.388 0.109 0.155 0.080 0.009 1.903 2.554
including 250 252 2 2.780 0.666 0.240 0.155 0.129 0.011 3.686 4.545
EB-21-50 119 121 2 6.465 2.337 0.117 0.031 0.040 0.008 8.918 9.709
and 130 154 24 0.456 0.152 0.055 0.114 0.030 0.006 0.663 1.055
1. Individual demarked samples were sawn in half, bagged, sealed and transported by courier to the
laboratory. Duplicates, blanks and standards were introduced to the sample stream on site.
Samples were sent to AGAT Laboratories, Mississauga, Ontario. Each sample was analysed
using the AGAT Laboratories codes 202555, Fire Assay-ICP (50g); 201070, 4 Acid Digest / ICP-
OES Finish.
2. Reported widths are drilled widths, with true widths estimated to be 90 per cent of drilled widths
for minus-60-degree-holes to approximately 85 per cent of drilled width for minus-70-degree
holes.
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3. Pd-Eq grade based on parameters in the May 23, 2019, NI 43-101 Resource Estimate and Technical
Report. Metal prices are based on 24-month trailing averages at January 31, 2018. In US$ 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 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).
The Company’s drill program has been paused for two to three weeks to accommodate spring
break-up. Samples have been submitted for analysis and assays are pending for EB-21-51 to EB-
21-57. 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) 639-4452
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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_E UTM_N LENGTH AZIMUTH DIP
EB-20-48 403972 5141334 200 180 -60
EB-21-49 403979 5141444 255 180 -60
EB-21-50 403853 5141350 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 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
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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 regulatory 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 appli cable 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.