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    BULL   CA13646R1038

CANADIAN PALLADIUM RESOURCES INC.

(BULL)
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Canadian Palladium Resources Inc. Receives Additional Significant Assay Results from the East Bull Palladium Deposit

09/22/2021 | 05:15pm EST

Canadian Palladium Resources Inc. continues to receive additional significant assay results from the East Bull Palladium Deposit, 90 kilometres west of Sudbury, Ontario. The drill results reported in this release are from three holes at the west end of the Deposit. These results extend the Garden Zone and the recently discovered EOH Zone that is interpreted as a mineralized feeder dyke below the Garden Zone. Drill Results ­ The results are part of a 15,000 m drill program with a primary objective of expanding the current Inferred Resource and discovery of new mineralization. Hole EB-21-70 intersected 20 m at a grade of 0.994 g/t PdEq in the Garden Zone and drilled over the top of the EOH Zone. Hole EB-21-71 intersected both the Garden Zone and the underlying EOH Zone with the higher-grade mineralization on the south side of the EOH Zone. Hole EB-21-72 is the eastern most of the holes reported here and was designed to extend the Garden Zone down dip. The higher-grade mineralization in EB-21-72 is located at the base of the Garden Zone. The Garden Zone palladium mineralization is primarily hosted within a 45-degree-north-dipping vari-textured melagabbro unit near the basal contact of the East Bull gabbro. Drilling has successfully focused on testing the strike and downdip extensions of this contact-type mineralization that is typically tens of metres thick. The EOH Zone now has several drill intersections and further assay results on the EOH Zone are pending. The disseminated sulphide mineralization in the EOH Zone is associated with an inclusion-rich melagabbro feeder dyke or conduit for the Garden Zone. The current results indicates that the EOH Zone is northeast striking with a subvertical dip. The Zone is open on strike and down dip. 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.


© S&P Capital IQ 2021
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Financials
Sales 2020 - - -
Net income 2020 -4,16 M -3,25 M -3,25 M
Net cash 2020 1,28 M 1,00 M 1,00 M
P/E ratio 2020 -3,01x
Yield 2020 -
Capitalization 7,15 M 5,59 M 5,59 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees -
Free-Float 86,2%
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Managers and Directors
Wayne Tisdale President, Chief Executive Officer & Director
Kelsey Chin Chief Financial Officer & Secretary
Michelle Gahagan Non-Executive Chairman
James Garnet Clark Independent Director
Bryce Tisdale Independent Director