Canadian Palladium lining up new targets at East Bull

Canadian Palladium Resources Inc. announces that a magnetotelluric ("MT") geophysical survey has been initiated that traverses from the Grid Metals Corp. property holdings across the companies East Bull Property. This jointly funded MT survey is an electromagnetic geophysical method with excellent depth penetration and a proven ability to detect, directly or indirectly, the type of palladium mineralization (high palladium tenor disseminated sulfide) that is found on the companies East Bull Property. Interpreted results from the survey are expected within three weeks.

The company has also processed the digital data from the 2007 VTEM survey completed over the Property to define Maxwell Plate electromagnetic targets. These targets are being integrated with the drilling to date and the MT data. 

This geophysical data will provide a framework for defining additional diamond drill holes within the remaining ~8000 metre of the initial drill program. The drilling will recommence when the safety issues of the geological staff and diamond drillers can guaranteed. At present the project requires access to the town and people of Massey, ON for food lodging and supplies. Once the Province relaxes some of the closure requirements of restaurants and other businesses the company is ready to recommence drilling.

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