Canadian Palladium Continues to Intersect Excellent Palladium Grades at East Bull

Vancouver, British Columbia--(Newsfile Corp. - April 17, 2020) - Canadian Palladium Resources Inc. (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR1) (formerly 21C Metals Inc.) (the "Company") is pleased to announce the analytical sample complete results for diamond drill holes EB-20-01 to EB-20-06 and the partial results of EB-20-07 on it's East Bull Palladium Property, 90 kilometres west of Sudbury, Ontario. The company has completed 10 diamond drill holes (1841 metres) prior to shutting down with the Covid-19 pandemic. All 10 holes have been sampled and the samples have been delivered to Activation Laboratories in Ancaster, Ontario.

Diamond Drill Statistics (NAD 83)

HOLE-ID UTM_E UTM_N Elevation LENGTH
Metres
AZIMUTH DIP
EB-20-01 405253 5141487 356 101 180 -45
EB-20-02 405253 5141487 356 200 180 -70
EB-20-03 405210 5141482 355 149 180 -45
EB-20-04 405303 5141559 364.28 200 180 -70
EB-20-05 405414 5141711 374 269 180 -50
EB-20-06 405265 5141538 360 170 180 -50
EB-20-07 405369 5141562 382 170 180 -45
EB-20-08 405369 5141562 382 179 180 -70
EB-20-09 405497 5141589 379 200 180 -70
EB-20-10 405608 5141577 381.09 203 180 -70

 

The diamond drilling to date has focused on the east end of the Valhalla Zone testing the Palladium zone to determine if there are structural controls and continuity downdip and along strike within the inferred resource (See Press Release July 3, 2019). Previous work had indicated a relationship of chalcopyrite and Palladium values, with the results returned to date there seems to be Palladium values in some cases that are not related to visible chalcopyrite. When the program recommences additional sampling and analysis will be completed to assess this possibility. The initial three holes of the 2020 diamond drill program evaluated a strike length of ~50 metres testing 50 to 75 metres below surface.

Significant Diamond Drill Intercepts

Hole From Metres To Metres Length Metres Palladium
Grams/Ton
EB-20-01 28.0 38.0 10.0 2.50
includes 28.0 35.0 7.0 3.32
EB-20-02 37.0 42.0 5.0 1.14
EB-20-03 27.0 38.0 11.0 1.61
includes 27.0 31.0 4.0 3.63
EB-20-06 70.0 74.0 4.0 0.78
EB-20-07 109.0 118.0 9.0 2.14
includes 109.0 115.0 6.0 2.82

 

Individual Intercepts of EB-20-01 to EB-20-07
Note: 1000 ppb equals 1 gram/ton

Hole From Metres To Metres Length Metres PD ppb PT ppb AU ppb Comments
EB-20-01 28.00 38.00 10.0 2500      
includes 28.00 29.00 1.00 2830 1810 75 First sample, need to add samples above
" 29.00 30.00 1.00 5040 2650 230  
" 30.00 31.00 1.00 5530 2670 454  
" Duplicate of 587753 5760 2620 466  
" 31.00 32.00 1.00 2620 1010 170  
" 32.00 33.00 1.00 3840 1370 173  
" 33.00 34.00 1.00 2010 671 120  
" 34.00 35.00 1.00 1260 421 135  
" 35.00 36.00 1.00 968 272 51  
" 36.00 37.00 1.00 198 83 12  
" Standard CDN-PGMS-19 465 115 214  
" 37.00 38.00 1.00 639 296 36  
EB-20-02 37.0 42.0 5.0 1136      
includes 37.00 38.00 1.0 1230 470 49 First sample, need to add samples above
" 38.00 39.00 1.0 1410 435 60  
" 39.00 40.00 1.0 785 261 61  
" 40.00 41.00 1.0 1940 670 62  
  Standard CDN-PGMS-19 504 118 219  
includes 41.00 42.00 1.0 317 88 25  
EB-20-03 27.00 38.0 11.0 1613      
includes 27.00 31.0 4.0 3627      
includes 27.00 28.00 1.00 941 447 21 First sample, need to add samples above
" 28.00 29.00 1.00 4310 2560 177  
" 29.00 30.00 1.00 2880 1360 225  
" 30.00 31.00 1.00 2020 833 56  
" Duplicate of 587689 2230 912 49  
" 31.00 32.00 1.00 813 289 51  
" 32.00 33.00 1.00 1330 496 60  
" 33.00 34.00 1.00 821 262 48  
" 34.00 35.00 1.00 1020 312 83  
" 35.00 36.00 1.00 1270 378 73  
" 36.00 37.00 1.00 778 211 112  
" 37.00 38.00 1.00 1460 447 109  
EB-20-04 No significant Values       Additional samples required
EB-20-05 No significant Values       Additional samples required
EB-20-06 70.00 74.00 4.00 784      
includes 70.00 71.00 1.00 535 123 17 Additional samples required
" 71.00 72.00 1.00 1390 395 71  
" 72.00 73.00 1.00 356 90 20  
" 73.00 74.00 1.00 853 270 55  
EB-20-07 58.00 59.00 1.00 4010 2130 24  
  70.00 71.00 1.00 1250 493 79  
  109.00 118.00 9.00 2141      
includes 109.00 115.00 6.00 2823      
includes 109.00 110.00 1.00 2310 428 91  
    Standard   488 105 202  
" 110.00 111.00 1.00 1450 682 284  
" 111.00 112.00 1.00 509 453 15  
" 112.00 113.00 1.00 8190 3010 264  
" 113.00 114.00 1.00 731 361 289  
" 114.00 115.00 1.00 3750 1430 140  
" 115.00 116.00 1.00 785 438 49  
" 116.00 117.00 1.00 811 332 55  
" 117.00 118.00 1.00 735 271 88  
  Last sample reported 118.00 to 119.00. 18.0 metres of assays to be returned.  

 

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 there is insufficient 2020 drilling to determine true width.

Canadian Palladium intends to analyse significant Palladium zones for rhodium.

The diamond drill program will recommence once the geological staff and diamond drillers determine the risk of the Covid-19 pandemic has abated.

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.

Wayne Tisdale commented, "I am excited by the results we have received from the first holes. Our geological team is gathering excellent information from present diamond drilling and we look forward to the results of the aggressive diamond drill program."

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

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