Canadian Palladium Resources Inc. (BULL.V)

RonS, just put out an update and said

"I have no doubt that BULL will prove up a significant palladium resource here and remember it is within trucking distance to the Sudbury mining complex. The mineralization is near surface which means cheap and easy extraction. The higher grade intersects were a pleasant surprise and for the company as well according to comments from Garry Clark P.Geo, "

We should see higher prices today, opened at 17 cents

In the last 2 weeks. Stock was slowly raising with great volume.
8 cent to 16 cents with lots of large trades.

Then today, drill results.

Text book.

Vancouver, British Columbia--(Newsfile Corp. - August 18, 2020) - Canadian Palladium Resources Inc. (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR1) (formerly 21C Metals Inc.) (the "Company") is pleased to announce complete assay results for the first ten (10) holes drilled on the Company's East Bull Palladium Project (the "Property"), located in the Sudbury mining district, Ontario. The results include several high-grade palladium intersections with significant platinum (Pt), rhodium (Rh), gold (Au), and copper (Cu) with associated nickel (Ni) and cobalt (Co).

Results include:

EB20-01 with 4.0 m at 8.15 g/t Palladium Equivalent (Pd-Eq);
EB20-03 with 3.0 m at 6.29 g/t Pd-Eq; and
EB20-07 with 3.0 m at 7.47 Pd-Eq.

These high-grade intervals are part of wider intervals of mineralization that include: 15.0 m at 2.69 g/t Pd-Eq in hole EB20-03; and 24.0 m at 2.14 g/t Pd-Eq in hole EB20-07.

Garry Clark P.Geo, Director commented, "Canadian Palladium is pleased with the results from the initial holes in this program. These intersections report complete assay results that include palladium, platinum, rhodium, gold, copper, nickel and cobalt. High-grade palladium intersections are rare and these results have exceeded our grade expectations based on Canadian Palladium's 2019 Inferred Mineral Resource Estimate of 523,000 oz Pd-Eq at a grade of 1.46 g/t Pd-Eq for East Bull. We look forward to releasing additional results on this exciting Project."

East Bull Target Models - Palladium exploration targets at the East Bull Project include:

Near-surface "contact-type" palladium mineralization (ten's of meters thick) associated with disseminated sulphides in the "inclusion-bearing gabbro" on the southern margin of the East Bull Gabbro intrusion; and
High-grade "layered mineralization" (meters thick) associated with high PGM tenor sulphides in the upper part of the "inclusion bearing gabbro".
Additionally, there is discovery potential for structurally controlled "conduit-type" targets that may vertically extensive.

Drill Results - The reported intersections are located on the eastern portion of the Property. The results are part of a 10,000 m drill program with a primary objective of expanding the current Inferred Resource. High-grade intervals occur in the upper part of the "Valhalla Zone" and extend for over 150 m strike length from EB20-03 to EB20-07. A figure showing the hole locations is provided at the end of the release. Currently, drilling is focussed in the western portion of the Property.

East Bull Palladium Drill Significant Drill Intersections - Drill Holes EB20-01 to EB20-10
DDH# Az/
Dip From (m) To
(m) Width (m) Pd
g/t Pt
g/t Rh
g/t Au
g/t Cu
% Ni
% Co
% 3PGM+Au g/t PdEq g/t
EB20-01 180o/-45o 28.0 38.0 10.0 2.505 1.123 0.080 0.146 0.235 0.118 0.007 3.854 4.94
incl
29.0 33.0 4.0 4.286 1.919 0.130 0.258 0.312 0.158 0.007 6.593 8.15
EB20-02 180o/-70o 37.0 42.0 5.0 1.136 0.384 0.032 0.051 0.142 0.088 0.008 1.605 2.21
EB20-03 180o/-45o 27.0 42/0 15.0 1.259 0.530 0.032 0.079 0.193 0.103 0.008 1.901 2.69
incl.
28.0 31.0 3.0 3.105 1.597 0.084 0.151 0.286 0.147 0.008 4.938 6.29
EB20-06 180o/-50o 70.0 74.0 4.0 0.784 0.220 0.012 0.041 0.117 0.045 0.005 1.056 1.48
EB20-07 180o/-45o 109.0 133.0 24.0 1.036 0.405 0.025 0.084 0.148 0.051 0.008 1.550 2.14
incl.
112.0 115.0 3.0 4.224 1.600 0.108 0.231 0.284 0.085 0.008 6.163 7.47
EB20-08 180o/-70o 66.0 72.0 6.0 0.531 0.258 0.021 0.055 0.195 0.048 0.007 0.864 1.50
EB20-09 180o/-70o 58.0 62.0 4.0 0.922 0.489 0.030 0.052 0.110 0.0310 0.006 1.493 1.96
Mineralization is contained within the north dipping "inclusion-bearing zone" near the south contact of the Early Proterozoic East Bull Gabbro intrusion. Drill holes EB20-04, -05, and -10 intersected a structure with late diabase dykes and did not intersect significant palladium values. Current drilling indicates the mineralization continues on the northwest side of the 060o to 075o striking dyke structure that is approximately 50 m wide.

The diamond drill holes were all drilled at an azimuth of 180o with dips ranging from -45o to -70o. Reported widths are drilled widths, with true widths estimated to be 100% for -45o holes to approximately 80% of drilled width for -70o holes.

Palladium equivalent "Pd-Eq" is calculated with US$ metal prices based on 24-month trailing averages as of January 31, 2018 and assumptions on process recovery, smelter payable and refining charges based on comparable projects that were used in the Company's 2019, NI 43-101 Technical Report and Mineral Resource Estimate for the East Bull Property.

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 accredited 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.

East Bull Project Resource Estimate - P&E Mining Consultants Inc. of Brampton, Ontario has previously prepared a NI 43-101 Mineral Resource Estimate and Technical Report on the Property for the Company dated May 23, 2019 (the "43-101 Report") and filed on SEDAR on August 6, 2019. The NI 43-101 Technical Report estimates a pit-constrained Inferred Mineral Resource of 11.1 million tonnes of 1.46 grams per tonne (523,000 ounces) palladium equivalent. The Property consists of approximately 1,000 hectares covering more than 3.6 kilometres strike length of the of the palladium mineralized "Inclusion-bearing zone" of the East Bull layered gabbroic intrusion.

East Bull Palladium Deposit Pit Constrained Mineral Resource Estimate
at a 0.8 g/t PdEq Cut-Off(1-5)

Tonnes
M Pd
g/t Pt
g/t Rh
g/t Au
g/t Cu
% Ni
% Co
% 3PGM+Au g/t PdEq
g/t PdEq
oz k
Inferred 11.1 0.58 0.26 0.04 0.05 0.14 0.05 0.01 0.93 1.46 523

(1)Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues, although Pavey Ark is not aware of any such issues.

(2) The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.

(3)The Mineral Resources were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines.

(4)Values in the table may differ due to rounding.

(5)PdEq grade based on parameters in May 23, 2019 NI43-101 Resource Estimate and Technical Report. Metal prices are based on 24-month trailing averages at January 31, 2018. In US$ these prices are: Pd - S767/oz; Pt - $973/oz; Rh - $1,000/oz; Au - $1.262/oz; Cu - $2.53/lb; Ni - $4.62/lb; Co - $20/lb.

Mr. Eugene Puritch, P.Eng., FEC, CET, President of P&E Mining Consultants Inc., is the independent qualified person (as defined in NI 43-101) responsible for preparing the NI 43-101 Technical Report on the Property. Mr. Puritch has reviewed and approved the technical contents of this press release as they pertain to the Mineral Resource Estimate on the Property. Mr. Garry Clark, P. Geo., of Clark Exploration Consulting, is Canadian Palladium's "Qualified Person" as defined in NI 43-101, who has reviewed and approved the technical content in this press release that pertains to the current drilling program.

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Canadian Palladium Resources Inc. August 2020 Drill Plan, East Bull Property

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Canadian Palladium Resources Inc.
Wayne Tisdale, President and CEO
T: (604) 639-4472

Loving this company right now.

great volume and nice bump up this week. Still only a 7milion market cap.
There's room to grow.

Great volume the last 2 days.

I bought a bit more today, with the breakout, should continue higher

I noticed that too and Struthers just put out an alert. I bought more at .125
Here is depth, bids look strong

stock has popped higher today, maybe more drill results coming

Can't seem to paste results in good with the table, but short shallow
holes near surface is pretty quick drilling and the numbers look to be
in line with what was expected

10 meters of2.5 g/t Pd
including 7 meters at 3.32 g/t

5 meters of 1.14 g/t

11 meters of 2.14 g/t

good see (bull) is still getting things done.
as well letting investors know with update news releases.