Canadian Palladium Resources Inc. (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR1) is pleased to provide an update on the analytical results for diamond drill holes EB-20-01 to EB-20-24 on the East Bull Palladium Property, 90 kilometres west of Sudbury, Ontario. The 10,000 m drill program continues to extend the Palladium mineralization in the Valhalla Zone down dip from the current resource and will test the western strike extension of the Valhalla Zone where it potentially joins with the Garden Zone.
To date, the Company’s exploration team has drill tested just over half of the 3.2 km strike length of the 45o north dipping vari-textured gabbro unit that hosts the Palladium mineralization near the basal contact of the East Bull Gabbro. Drilling has successfully focused on testing the downdip extension of this “contact-type” mineralization that is typically 10’s of metres thick. To date all of the intercepts are relatively shallow and within 135 m vertical depth from surface.
Highlights of the 24 diamond drill holes reported to date:
Wayne Tisdale, Canadian Palladium’s CEO, commented, “Our exploration team has successfully identified a number of impressive, wide and near-surface intercepts that will significantly add to our Palladium and precious metals resource. We anxiously anticipate the results of our next phase of drilling and continuing to extend the resource in a westerly direction. We expect to complete our 10,000 metre diamond drill program by mid December. Once we’ve completed all the core analysis, we will immediately commission an updated Mineral Resource estimate.”
Drill hole intercepts for holes EB20-01 to -24 are reported in the following table. Drill hole locations and a drill plan are provided at the end of the release.
Diamond Drill Hole Compilation EB-20-01 to EB-20-24
Hole ID | 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 | Pd Eq g/t |
EB-20-01 | 27 | 38 | 11 | 2.156 | 1.039 | 0.057 | 0.098 | 0.164 | 0.088 | 0.006 | 4.088 | 5.217 |
Includes | 27 | 33 | 6 | 3.108 | 1.614 | 0.083 | 0.121 | 0.117 | 0.072 | 0.005 | 6.299 | 7.672 |
EB-20-02 | 37 | 42 | 5 | 1.136 | 0.385 | 0.032 | 0.051 | 0.142 | 0.088 | 0.008 | 1.573 | 2.212 |
EB-20-03 | 27 | 42 | 15 | 1.118 | 0.472 | 0.028 | 0.076 | 0.181 | 0.095 | 0.008 | 1.869 | 2.694 |
Includes | 28 | 31 | 3 | 2.397 | 1.307 | 0.065 | 0.134 | 0.224 | 0.106 | 0.005 | 4.854 | 6.293 |
also | 59 | 70 | 11 | 0.174 | 0.146 | 0.003 | 0.057 | 0.145 | 0.048 | 0.008 | 0.463 | 1.050 |
EB-20-06 | 70 | 74 | 4 | 0.784 | 0.22 | 0.012 | 0.041 | 0.117 | 0.045 | 0.005 | 1.056 | 1.478 |
EB-20-07 | 109 | 118 | 9 | 2.141 | 0.823 | 0.049 | 0.142 | 0.173 | 0.061 | 0.007 | 3.106 | 3.940 |
Includes | 112 | 115 | 3 | 4.224 | 1.6 | 0.108 | 0.231 | 0.284 | 0.085 | 0.008 | 6.055 | 7.472 |
also | 124 | 133 | 9 | 0.574 | 0.235 | 0.018 | 0.056 | 0.152 | 0.052 | 0.009 | 0.865 | 1.436 |
EB-20-08 | 66 | 71 | 5 | 0.527 | 0.250 | 0.025 | 0.050 | 0.166 | 0.045 | 0.006 | 0.962 | 1.622 |
EB-20-09 | 58 | 62 | 4 | 0.870 | 0.460 | 0.030 | 0.042 | 0.083 | 0.023 | 0.004 | 1.463 | 1.964 |
EB-20-10 | 48 | 50 | 2 | 0.424 | 0.344 | 0.010 | 0.075 | 0.076 | 0.016 | 0.006 | 0.843 | 1.200 |
EB-20-11 | 104 | 108 | 4 | 0.633 | 0.242 | 0.014 | 0.041 | 0.081 | 0.024 | 0.007 | 0.913 | 1.270 |
EB-20-12 | 45 | 67 | 22 | 1.239 | 0.428 | 0.042 | 0.049 | 0.119 | 0.064 | 0.008 | 1.716 | 2.295 |
Includes | 51 | 53 | 2 | 3.425 | 1.380 | 0.153 | 0.093 | 0.196 | 0.110 | 0.012 | 4.898 | 6.127 |
also | 76 | 78 | 2 | 0.869 | 0.326 | 0.026 | 0.055 | 0.077 | 0.045 | 0.010 | 1.286 | 1.731 |
EB-20-13 | 58 | 76 | 18 | 0.455 | 0.137 | 0.004 | 0.037 | 0.120 | 0.041 | 0.008 | 0.629 | 1.107 |
Includes | 58 | 60 | 2 | 0.832 | 0.216 | 0.017 | 0.048 | 0.153 | 0.043 | 0.006 | 1.095 | 1.626 |
also | 62 | 73 | 11 | 0.492 | 0.156 | 0.004 | 0.038 | 0.128 | 0.047 | 0.008 | 0.686 | 1.224 |
EB-20-17 | 93 | 116 | 23 | 0.616 | 0.226 | 0.016 | 0.071 | 0.128 | 0.094 | 0.009 | 0.962 | 1.559 |
Includes | 100 | 111 | 11 | 1.003 | 0.367 | 0.030 | 0.091 | 0.167 | 0.121 | 0.101 | 1.461 | 2.228 |
EB-20-18 | 72 | 92 | 20 | 0.478 | 0.191 | * | 0.027 | 0.090 | 0.060 | 0.006 | 0.758 | 1.180 |
Includes | 83 | 92 | 9 | 0.506 | 0.209 | * | 0.041 | 0.130 | 0.070 | 0.006 | 0.894 | 1.485 |
also | 96 | 110 | 14 | 0.498 | 0.221 | * | 0.053 | 0.183 | 0.085 | 0.009 | 0.772 | 1.426 |
EB-20-19 | 69 | 76 | 7 | 1.078 | 0.386 | * | 0.041 | 0.096 | 0.071 | 0.007 | 1.505 | 1.969 |
also | 84 | 113 | 29 | 0.547 | 0.226 | * | 0.050 | 0.104 | 0.079 | 0.008 | 0.834 | 1.329 |
Includes | 84 | 87 | 3 | 2.260 | 0.677 | * | 0.079 | 0.069 | 0.051 | 0.006 | 3.016 | 3.474 |
EB-20-20 | 99 | 131 | 32 | 0.450 | 0.168 | * | 0.056 | 0.153 | 0.062 | 0.007 | 0.794 | 1.394 |
EB-20-21 | 66 | 131 | 65 | 0.391 | 0.164 | * | 0.037 | 0.108 | 0.056 | 0.007 | 0.626 | 1.059 |
also | 178 | 182 | 4 | 0.253 | 0.039 | * | 0.030 | 0.134 | 0.319 | 0.043 | 0.322 | 1.392 |
EB-20-22 | 62 | 133 | 71 | 0.386 | 0.148 | * | 0.043 | 0.128 | 0.063 | 0.007 | 0.605 | 1.097 |
Includes | 95 | 125 | 30 | 0.431 | 0.168 | * | 0.058 | 0.194 | 0.080 | 0.007 | 0.673 | 1.345 |
EB-20-23 | 89 | 143 | 54 | 0.406 | 0.148 | * | 0.041 | 0.088 | 0.041 | 0.005 | 0.620 | 0.971 |
EB-20-24 | 114 | 125 | 11 | 0.983 | 0.272 | * | 0.063 | 0.164 | 0.072 | 0.008 | 1.318 | 1.924 |
also | 161 | 164 | 3 | 0.485 | 0.160 | * | 0.052 | 0.086 | 0.038 | 0.007 | 0.697 | 1.045 |
also | 167 | 170 | 3 | 0.271 | 0.164 | * | 0.074 | 0.144 | 0.052 | 0.006 | 0.508 | 1.010 |
Rhodium results are reported for holes EB20-01 to -17 with results pending on the remaining intersections. Rhodium concentrations up to 0.083 g/t over 6 m were intersected in EB20-01. At current prices of US$10,800/oz, Rhodium is a potentially significant contributor to the contained precious metal value of the East Bull Deposit.
The next drill holes will test the western strike extension of the Valhalla Zone where it potentially joins with the Garden Zone. In addition to the drilling, the Company will carry out detailed UAV Magnetic and LiDAR surveys. The exploration team has determined that a detailed magnetic survey will aid in determining optimal drill locations for targeting mineralization. The LiDAR survey will provide a detailed representation of the topographic surface that will assist in drill hole elevation control and for future mineral resource estimation.
Drilling to date has established that mineralization is locally cut by zones of mafic dykes and faults trending at approximately 60o and 120o. Although these features locally disrupt mineralization, they are targets for potential structurally controlled conduit-type mineralization that may be vertically extensive (see July 23, 2020 press release). High grades intersected in holes EB20-01, -03 and -07 are located close to the intersection of dyke and fault trends with the vari-textured gabbro. The detailed UAV Magnetic surveys will assist in interpretation of these structures.
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.
Appendix 1. Drill Hole Location information
Hole ID | Easting | Northing | Azimuth | Dip | Depth (m) |
EB-20-01 | 405253 | 5141487 | 180 | -45 | 101 |
EB-20-02 | 405253 | 5141487 | 180 | -70 | 200 |
EB-20-03 | 405210 | 5141480 | 180 | -45 | 101 |
EB-20-04a | 405301 | 5141550 | 180 | -45 | 89 |
EB-20-04 | 405301 | 5141550 | 180 | -70 | 200 |
EB-20-05 | 405414 | 5141711 | 180 | -50 | 269 |
EB-20-06 | 405267 | 5141539 | 180 | -50 | 170 |
EB-20-07 | 405366 | 5141565 | 180 | -45 | 170 |
EB-20-08 | 405366 | 5141565 | 180 | -70 | 179 |
EB-20-09 | 405417 | 5141553 | 180 | -70 | 200 |
EB-20-10 | 405504 | 5141576 | 180 | -70 | 203 |
EB-20-11 | 405740 | 5141640 | 180 | -70 | 227 |
EB-20-12 | 405792 | 5141641 | 180 | -45 | 202 |
EB-20-13 | 405792 | 5141641 | 180 | -70 | 227 |
EB-20-14 | 405679 | 5141660 | 180 | -70 | 200 |
EB-20-15 | 405790 | 5141691 | 180 | -70 | 302 |
EB-20-16 | 405229 | 5141540 | 180 | -70 | 200 |
EB-20-17 | 405036 | 5141540 | 180 | -70 | 149 |
EB-20-18 | 404939 | 5141532 | 180 | -70 | 159 |
EB-20-19 | 404990 | 5141538 | 180 | -70 | 155.4 |
EB-20-20 | 404894 | 5141553 | 180 | -70 | 200 |
EB-20-21 | 404848 | 5141561 | 180 | -70 | 204.7 |
EB-20-22 | 404792 | 5141548 | 180 | -60 | 200 |
EB-20-23 | 404749 | 5141564 | 180 | -70 | 200 |
EB-20-24 | 404642 | 5141579 | 180 | -70 | 209 |
Figure 1: East Bull property drill location map
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