East BULL Property - Palladium Results SHOW 2.68 G/T over 3 .0 Metres and 2.28 G/T over 3.0 Metres Within a Broader Interval of 1.32 G/T over 20 Metres
1
FOR IMMEDIATE RELEASE
EAST BULL PROPERTY - PALLADIUM RESULTS SHOW 2.68 G/T OVER 3 .0
METRES AND 2.28 G/T OVER 3.0 METRES WITHIN A BROADER INTERVAL OF
1.32 G/T OVER 20 METRES
Vancouver, British Columbia, June 24, 2020 – Canadian Palladium Resources Inc. (formerly
21C Metals Inc.) (the "Company") (CSE: BULL ) (OTCQB: DCNNF) (FSE: DC R1) is
pleased to announce th e analytical results f or diamond drill hole EB-20-12 on its East Bull
Palladium Property, 90 kilometres west of Sudbury, Ontario. The company is continuing to drill
in the Valhalla Zone in order to confirm its thesis regarding structural controls as well as downdip
continuity and along strike (See Press Release July 3, 2019).
Hole EB -20-12 is located on the eastern end of the Valhalla Zone, consistent with the Company’s
recent exploration work. The Company will now move the program west to further advance the
assessment of continuity between the Valhalla and Garden Zones.
Wayne Tisdale, president, commented: “These early results from our diamond drilling program
continues to confirm our anticipated Palladium values. These are all near surface resulting in a
resource which could be extracted using a simple open cut method. We will continue our diamond
drilling along strike and at shallow depths to refine our model. We continue to show significant
additional Palladium potential on our East Bull Property.”
Diamond Drill Hole EB-20-12
Azimuth 180 degrees, -45 degree dip
405792E 5141641 N, (Zone 17, NAD 83)
From To Length Au
ppb
Platinum
ppb
Palladium
ppb
Palladium
Gm/T
Palladium
Gm/T
45.00 46.00 1.00 53 486 1760 1.76
46.00 47.00 1.00 14 166 1120 1.22
47.00 48.00 1.00 9 414 919 0.919
Blank < 2 < 5 < 5
48.00 49.00 1.00 18 603 1280 1.28
49.00 50.00 1.00 15 45 157 0.16
50.00 51.00 1.00 32 22 73 0,07
51.00 52.00 1.00 71 1500 2780 2.78
52.00 53.00 1.00 115 1260 4070 4.07
53.00 54.00 1.00 60 424 1190 1.19 2.68 / 3 m
2
From To Length Au
ppb
Platinum
ppb
Palladium
ppb
Palladium
Gm/T
Palladium
Gm/T
54.00 55.00 1.00 31 188 578 0.58
55.00 56.00 1.00 32 240 680 0.68
56.00 57.00 1.00 68 465 1620 1.62
Duplicate of 1022469 48 321 1030 1.03
57.00 58.00 1.00 40 194 664 0.66
58.00 59.00 1.00 34 92 323 0.32
59.00 60.00 1.00 33 41 145 0.14
60.00 61.00 1.00 113 661 2130 2.13
61.00 62.00 1.00 60 510 1500 1.50
62.00 63.00 1.00 77 1060 3220 3.22 2.28 / 3 m
63.00 64.00 1.00 56 475 1460 1.46
64.00 65.00 1.00 97 338 1010 1.01 1.32 / 20 m
65.00 66.00 1.00 31 118 337 0.34
Standard 200 109 489
66.00 67.00 1.00 26 188 531 0.53 1.24 / 22 m
Note: 1000 ppb equals 1 gram/ton
Individual demarked samples were sawn in half, bagged, sealed and transported by courier
to Activation Laboratories (ISO/IEC 17025 Certified) in Ancaster Ontario. Blanks 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 true widths will be determined by additional drilling. With
the historic drilling the zone was inferred to have a -45 degree dip northerly.
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 s tatements 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 advancement of drilling program and the palladium potential on the East Bull 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 esti mates 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
3
of capital on acceptable terms; the need to obtain required approvals from regula tory 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, processin g 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 chang es 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 accep ts responsibility for the
adequacy or accuracy of this release.