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Canadian Palladium Intersects New "EOH Zone" near Sudbury

Aug 17, 2021

Canadian Palladium Resources Inc. has received additional significant assay results from the East Bull Palladium Deposit, 90 kilometres west of Sudbury. The latest diamond drilling results provide assays on the new "EOH Zone" and have further extended the Garden Zone on strike to the west and down dip from previous intersections. The EOH Zone is interpreted as a mineralized feeder dyke that underlies the Garden Zone at the west end of the East Bull Palladium Deposit. 

Highlights from holes EB-21-65 to 69 and an extension of hole EB-21-52 include:

  • Hole EB-21-52 was extended from 230 m to 284 m to test mineralization in the newly discovered EOH Zone. The extension resulted in a 20 m intersection of the EOH Zone grading 1.39 g/t PdEq. This intersection is below previously reported intervals of the Garden Zone including 11.0 meters at 1.07 g/t PdEq in the same hole (see press release dated May 5, 2021);
  • Hole EB-21-67 had a wide 38.0 m intersection grading 1.31 g/t PdEq including 6.0 m at 2.0 g/t PdEq in the main Garden Zone;
  • Hole EB-21-68 had multiple intersections with 5 metres of 0.99 g/tPdEq and 13 metres of 0.93 g/t PdEq in the Garden Zone, plus 4 metres of 1.62 g/t PdEq in the EOH Zone.

Wayne Tisdale, Canadian Palladium's CEO, commented, "Throughout the East Bull drilling program we have consistently produced multiple, wide intersections of Palladium mineralization. The discovery of the EOH Zone at the west end of the Deposit provides us with an opportunity to expand the pit-constrained mineral resource at East Bull. Two of the holes reported here have wide intervals of Garden Zone mineralization in the upper part of the hole and also have intersected the new EOH Zone below. We look forward to incorporating these results in an updated Resource Estimate this fall."

Drill Results - The intersections reported in this release are located in the western part of the Property. The results are part of a 15,000 m drill program with a primary objective of expanding the current Inferred Resource. 

The EOH Zone intersections include two significant intervals that confirm the discovery of this mineralized feeder zone located below the Garden Zone. The disseminated sulphide mineralization in the EOH Zone is associated with a melagabbro host rock that contains abundant gabbro inclusions. The current drilling indicates that the EOH Zone is northeast striking with a south dip. Additional drilling is planned to confirm this orientation. 

The diamond drill holes were all drilled at an azimuth of 180o with inclinations of -60o. Reported widths are drilled widths. True widths estimated to be 90% of the intersections for the Garden Zone. The orientation of the EOH Zone is not sufficiently well defined to estimate true widths at this time. In addition to results reported here, rhodium is being analyzed and will be reported at a later date.

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