Canadian Palladium to Recommence Diamond Drilling Program
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FOR IMMEDIATE RELEASE
CANADIAN PALLADIUM TO RECOMMENCE DIAMOND DRILLING PROGRAM
Vancouver, British Columbia , May 27, 2020 – Canadian Palladium Resources Inc. (the
"Company") (CSE: BULL) (OTCQB: DCNNF) (FSE: DC R1) is pleased to announce that it
will recommence its East Bull diamond drill program on May 27th, 2020.
The diamond drilling program to date has focused on the project’s Inferred Mineral Resource of
523,000 oz. Pd . Eq. (see press release of July 3, 2019) L ocated on the east end of the Valhalla
Zone, the drilling program further tests th e Palladium zone for structural control s as well as
continuity downdip and along strike.
Results of the diamond drilling program to date have consistently produced Palladium values (see
press release May 13, 2020). The next three holes will be completed on the east end of the Inferred
Mineral Resource, after which the drill will be moved westward to continue with infill and down
dip holes.
Wayne Tisdale, President, commented, “We are excited to restart our drilling program and advance
our objective of increasing the project’s inferred resource. Solid palladium and platinum prices
have greatly assisted.”
Significant Diamond Drill Intercepts
Hole From
Metres
To Metres Length
Metres
Palladium
Grams/Ton
Platinum
Grams/Ton
EB-20-01 28.0 38.0 10.0 2.50 1.12
Includes 28.0 35.0 7.0 3.32 1.51
EB-20-02 37.0 42.0 5.0 1.14 0.39
EB-20-03 27.0 38.0 11.0 1.61 0.69
Includes 27.0 31.0 4.0 3.63 1.31
EB-20-06 70.0 74.0 4.0 0.78 0.22
EB-20-07 109.0 118.0 9.0 2.14 0.82
Includes 109.0 115.0 6.0 2.82 1.06
124.00 134.00 10.00 0.55 0.22
EB-20_08 66.00 71.00 5.00 0.62 0.30
EB-20-09 58.00 62.99 4.00 0.92 0.90
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Individual demarked samples were sawn in half, bagged, sealed and transported by courier
to Activation Laboratories (ISO/IEC 17025 Certified) in Ancaster Ontario. Duplicates and
standards were introduced to the sample stream as illustrated. Each sample was analysed
using the Activation Laboratories codes RX1, 1C-OES 50 g (Au, Pt, Pd); 1F2 Total
Digestion ICP.
Intercept widths are core width.
In accordance with regulatory guidelines, the Company has implemented Covid-19 procedures to
mitigate risks while executing its drilling program.
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
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 re-commencement of drilling, which has been temporarily suspended due to COVID-19. 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 antici pated 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 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 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.