Records Shallow, High-Grade Hits At East Bull Deposit
Canadian Palladium Resources Inc. (CSE: BULL) has drilled some promising high-grade intersections in its five diamond drill hole drilling programme at the East Bull Palladium Property, 90 kilometres west of Sudbury, Ontario.
Highlights include:
- A 28.0 m intersection of 1.97 g/t Palladium Equivalent (Pd-Eq); and
- 5.0 m of 5.10 g/t Pd-Eq.
CEO Wayne Tisdale said the East Bull drilling programme continues to return excellent results.
‘We are very encouraged that we now have two adjacent holes 100 m apart that contain high-grade Palladium mineralisation in the western part of the Valhalla Zone.
“The new results in hole EB-20-40 combined with the intersection in EB-20-37 demonstrate the potential for a high-grade component within the wider disseminated mineralisation envelope.
“Our drilling programme continues to expand the near surface mineralisation of the Valhalla Zone westward towards the Garden Zone and beyond.”
To date all of the intercepts are shallow and within 150 m vertical depth from surface. Results do not include Rhodium for which assays are in progress and is an additional contribution to Pd-Eq at the East Bull Deposit.
The company has strategically extended the drill program by an additional 2,000 metres to target the connection of the Valhalla Zone and the Garden Zone mineralisation and continue testing the Palladium mineralisation westward.
To date, the Valhalla Zone drilling has produced consistent results for over 1.5 km strike length to vertical depths of 150m. The mineralisation remains open at depth and on strike.
The high-grade mineralisation of EB-20-37 (5.60 g/t Pd Eq / 5 m) and EB-20-40 (5.10 g/t Pd / 5 m) are 100m on strike of each other.
These drill holes identify a second high-grade zone intersected within the Valhalla Zone, the first being drilled in EB-20-01 to EB-20-03.
