Canadian Palladium Intersects 19 Metres Grading 1.77 G/T Pdeq IN Garden Zone and Continues to Extend New “Eoh” Zone with 15 Metres Grading 1.36 G/T Pdeq at East BULL Palladium Deposit
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FOR IMMEDIATE RELEASE
CANADIAN PALLADIUM INTERSECTS 19 METRES GRADING 1.77 g/t PdEq IN
GARDEN ZONE AND CONTINUES TO EXTEND NEW “EOH” ZONE WITH 15
METRES GRADING 1.36 g/t PdEq AT EAST BULL PALLADIUM DEPOSIT
Vancouver, British Columbia, September 22, 2021 – Canadian Palladium Resources Inc.
(the "Company") (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR1) continues to receive
additional significant assay results from the East Bull Palladium Deposit, 90 kilometres west of
Sudbury, Ontario. The drill results reported in this release are from three holes at the west end of
the Deposit. These results extend the Garden Zone and the recently discovered EOH Zone that is
interpreted as a mineralized feeder dyke below the Garden Zone.
Highlights from holes EB-21-70 to 72 include:
• Hole EB-21-71 had a wide 15.0 m intersection grading 1.36 g/t PdEq including 6.0 m
at 2.13 g/t PdEq in the new EOH Zone;
• Hole EB-21-72 had a wide 19.0 m intersection grading 1.77 g/t PdEq including 14 m at
2.08 g/t PdEq in the main Garden Zone.
Wayne Tisdale, Canadian Palladium’s CEO, commented “The consistency of the Garden Zone
mineralization has been outstanding and it contains some great higher-grade intersections. With
the discovery of the EOH Zone below the Garden Zone we are intersecting multiple mineralized
zones in some of our drill holes. We look forward to including these results in our updated
Resource Estimate in Q4.”
Drill Results – The results are part of a 15,000 m drill program with a primary objective of
expanding the current Inferred Resource and discovery of new mineralization. See Figure 1
showing the hole locations.
Hole EB-21-70 intersected 20 m at a grade of 0.994 g/t PdEq in the Garden Zone and drilled
over the top of the EOH Zone. Hole EB-21-71 intersected both the Garden Zone and the
underlying EOH Zone with the higher-grade mineralization on the south side of the EOH Zone.
Hole EB-21-72 is the eastern most of the holes reported here and was designed to extend the
Garden Zone down dip. The higher-grade mineralization in EB-21-72 is located at the base of
the Garden Zone.
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East Bull Palladium Deposit, Significant Drill Intersections, Drill Holes EB-21-70 to EB-21-72
DDH# Zone Az/Dip From
(m)
To
(m)
Width
(m)
Pd
g/t
Pt
g/t
Au
g/t
Cu
%
Ni
%
Co
%
2PGM+
Au g/t
PdEq
g/t
EB-21-70 Garden 180o/-60o 79 99 20 0.379 0.120 0.097 0.104 0.036 0.007 0.595 0.994
EB-21-71 Garden 180o/-60o 163 173 10 0.415 0.147 0.045 0.092 0.043 0.006 0.608 0.961
and EOH 236 251 15 0.545 0.138 0.055 0.218 0.029 0.007 0.738 1.364
Incl. EOH 245 251 6 0.952 0.203 0.077 0.320 0.042 0.009 1.232 2.133
EB-21-72 Garden 180o/-60o 245 264 19 0.857 0.273 0.088 0.141 0.061 0.008 1.217 1.773
Incl. Garden 250 264 14 1.024 0.309 0.102 0.174 0.062 0.008 1.434 2.076
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 Garden Zone palladium mineralization is primarily hosted within a 45-degree-north-dipping
vari-textured melagabbro unit near the basal contact of the East Bull gabbro. Drilling has
successfully focused on testing the strike and downdip extensions of this contact-type
mineralization that is typically tens of metres thick.
The EOH Zone now has several drill intersections and further assay results on the EOH Zone are
pending. The disseminated sulphide mineralization in the EOH Zone is associated with an
inclusion-rich melagabbro feeder dyke or conduit for the Garden Zone. The current results
indicates that the EOH Zone is northeast striking with a subvertical dip. The Zone is open on
strike and down dip.
The diamond drill holes were all drilled at an azimuth of 180o with inclinations of -60o. Reported
widths are drilled widths. True widths estimated to be 90% of the intersections for the Garden
Zone. The orientation of the EOH Zone is not sufficiently well defined to estimate true widths at
this time. In addition to results reported here, rhodium is being analyzed and will be reported at
a later date.
Drill Program QA/QC – This phase of the drilling program was carried out under the
supervision of Garry Clark, P. Geo., of Clark Exploration Consulting, a Qualified Person as
defined in NI43-101. Drill core samples were split using a rock saw by Company staff, with half
retained in the core box and stored in the Company’s facility in Massey, Ontario. The drill core
samples were transported in sealed bags by courier to Activation Laboratories ("Actlabs") in
Ancaster, Ontario. Actlabs is an independent ISO/IEC 17025 certified laboratory. PGE analysis
was performed using a 30 grams fire assay with an ICP-MS or ICP-AES finish. Multi-element
analyses, including copper and nickel were analysed by four acid digestion using 0.25 grams
with an ICP-AES finish. Certified standards, blanks and crushed duplicates are placed in the
sample stream at a rate of one QA/QC sample per 10 core samples. Results are analyzed for
acceptance at the time of import. All standards associated with the results in this press release
were determined to be acceptable within the defined limits of the standard used.
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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 the East Bull Palladium
Deposit. Base map is an airborne total field magnetic survey.