More good drill hits announced today
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3:03 AM (9 hours ago)
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Canadian Palladium Intersects Highest Grades to Date at East Bull Palladium Deposit with 18.76 g/t Palladium Equivalent over 1 Metre and 38 Metres Grading 2.19 g/t Palladium Equivalent
Vancouver, British Columbia--(Newsfile Corp. - February 17, 2022) - Canadian Palladium Resources Inc. (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR1)(the "Company") is pleased to report that assays on recently completed drill holes on the Company's East Bull Palladium Deposit have returned some of the highest grades intersected to date on the Project. These results are demonstrating the importance of sulphide-mineralized feeder conduits as an exploration target for high-grade palladium mineralization at the East Bull Deposit, located 90 km west of Sudbury, Ontario.
Drill Results - Highlights from holes EB-21-73 to 80 include:
Hole EB-21-80 had a 1.0 m intersection grading 18.76 g/t PdEq in the newly recognized GAP Target, a potential feeder structure to the Valhalla Zone. This is the highest-grade interval assayed to date on the project;
Hole EB-21-78 had a 38 m intersection grading 2.19 g/t PdEq in the Garden Zone. This intersection includes 7 m grading 4.09 g/t PdEq and is located immediately west of the EOH Zone feeder structure;
Hole EB-21-77 intersected 39 m of 1.12 g/t PdEq including 6 m of 1.9 g/t PdEq in the EOH Zone and an additional 20 m of 1.17 g/t PdEq in the Garden Zone.
Wayne Tisdale, Canadian Palladium's CEO, commented, "The new GAP Target assay results demonstrate that high-grade semi-massive sulphides are associated with mineralized feeder conduits at East Bull. To date, our drilling program has mainly focussed on increasing the size of the disseminated mineral deposit, however, these latest holes are confirming an exciting new opportunity for defining high-grade mineralization in this large intrusive system."
The current results are part of a 20,000 m drill program and are mainly focussed on the west side of the Property. Significant intervals are reported in Table 1 and drill hole locations are shown in Figure 1. Holes EB-21-73 and -74 successfully targeted a western extension of disseminated contact-type mineralization in the Valhalla Zone. Hole EB-21-75 did not intersect significant mineralization, possibly due to a fault offset of the zone.
Holes EB-21-76 and -77 successfully targeted the EOH Zone and the overlying Garden Zone. Hole EB-21-77 intersected both zones for a total of 59 m of mineralization. Hole EB-21-78 was intended to test both the Garden Zone and underlying EOH Zone, however, the hole trajectory missed the EOH zone and intersected a wide high-grade interval of disseminated sulphide mineralization in the Garden Zone immediately west of the interpreted position of the EOH Zone. EB-21-79 was a successful Garden Zone in-fill hole to test for continuity of disseminated sulphide mineralization.
Hole EB-21-80 was drilled to test a possible feeder conduit underlying the Valhalla Zone in close proximity to high-grade results intersected in the Valhalla Zone early in the 2020 drilling program. Hole EB-21-80 intersected high-grade semi-massive sulphides and associated disseminated sulphide mineralization and confirms the importance of the conduit model at East Bull.