Canadian Palladium Diamond Drilling at East BULL Property to Expand Mineralization and Test Feeder Dyke Extent
FOR IMMEDIATE RELEASE
CANADIAN PALLADIUM DIAMOND DRILLING AT EAST BULL PROPERTY TO
EXPAND MINERALIZATION AND TEST FEEDER DYKE EXTENT
Vancouver, British Columbia, June 7, 2021 – Canadian Palladium Resources Inc. (the
"Company") (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR1) is pleased to provide an update on
diamond drilling at the west end of the East Bull Deposit. The drilling in this area will deepen hole
EB-21-52, found to contain 2.38 g/t PdEq over 6 metres at the bottom of the hole and stopped in
mineralization (see May 5, 2021 press release). The extension of this hole is significant as the
mineralization at the base of the hole is a new zone hosted in an interpreted feeder dyke located 50 m
below the main zone of contact-style mineralization.
In addition to testing the feeder dyke, the next phase of drilling is designed to extend and expand the
western extent of the mineralized zone. The holes will be a series of approximately 100 metre step
outs from EB-21-55 (2.222 g/t PdEq over 22 metres) and EB-21-54 (0.989 g/t PdEq over 5 metres)
(May 12, 2021 Press Release).
Wayne Tisdale, Canadian Palladium’s CEO, commented, “This program will expand our knowledge
of the feeder dyke and expand the main mineralization further west. The feeder dyke has the potential
to host high-grade mineralization and represents a new target that could add significant value at East
Bull.”
The drilling to date has now defined a 3.0 km strike l ength of near-surface disseminated sulphide
mineralization hosting palladium, platinum, rhodium, gold, and base metals located 90 kilometres west
of Sudbury, Ontario. The current phase of diamond drilling is scheduled to be completed in 28 days.
It is expected that 6 holes totalling another 2,000 metres will be completed in this area and if successful
is anticipated that mineralization could potentially be expanded for another 200 – 300 metres west and
200 metres down dip from existing drill intersections..
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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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
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expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada
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industry partner and other third party consents and approvals, if and when required; the availability of capital on
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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;
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undertake no duty to update any of the forward-looking information to conform such information to actual results or
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