Canadian Palladium Resources Inc. (CSE: BULL) (OTCQB: DCNNF) has received assays up to 18.76 g/t Palladium Equivalent from recently completed drill holes on the company’s East Bull Palladium Deposit in Ontario.
CEO, Wayne Tisdale, said the results include some of the highest grades intersected to date on the project and are demonstrating the importance of sulphide-mineralised feeder conduits as an exploration target for high-grade palladium mineralisation at the East Bull Deposit, located 90 km west of Sudbury.
Highlights from holes EB-21-73 to 80 include:
- Hole EB-21-80 had a 1.0 m intersection grading 18.76 g/t PdEq in the newly recognized GAP Target, a potential feeder structure to the Valhalla Zone. This is the highest-grade interval assayed to date on the project;
- Hole EB-21-78 had a 38 m intersection grading 2.19 g/t PdEq in the Garden Zone. This intersection includes 7 m grading 4.09 g/t PdEq and is located immediately west of the EOH Zone feeder structure;
- Hole EB-21-77 intersected 39 m of 1.12 g/t PdEq including 6 m of 1.9 g/t PdEq in the EOH Zone and an additional 20 m of 1.17 g/t PdEq in the Garden Zone.
CEO, Wayne Tisdale, Canadian Palladium’s CEO, commented, “The new GAP Target assay results demonstrate that high-grade semi-massive sulphides are associated with mineralised feeder conduits at East Bull,” Mr Tisdale said.
“To date, our drilling programme has mainly focussed on increasing the size of the disseminated mineral deposit, however, these latest holes are confirming an exciting new opportunity for defining high-grade mineralisation in this large intrusive system.”
The current results are part of a 20,000 m drill programe and are mainly focussed on the west side of the Property.
Holes EB-21-73 and -74 successfully targeted a western extension of disseminated contact-type mineralisation in the Valhalla Zone. Hole EB-21-75 did not intersect significant mineralisation, possibly due to a fault offset of the zone.
Holes EB-21-76 and -77 successfully targeted the EOH Zone and the overlying Garden Zone. Hole EB-21-77 intersected both zones for a total of 59 m of mineralisation. Hole EB-21-78 was intended to test both the Garden Zone and underlying EOH Zone, however, the hole trajectory missed the EOH zone and intersected a wide high-grade interval of disseminated sulphide mineralisation in the Garden Zone immediately west of the interpreted position of the EOH Zone. EB-21-79 was a successful Garden Zone in-fill hole to test for continuity of disseminated sulphide mineralisation.
Hole EB-21-80 was drilled to test a possible feeder conduit underlying the Valhalla Zone in close proximity to high-grade results intersected in the Valhalla Zone early in the 2020 drilling programme. Hole EB-21-80 intersected high-grade semi-massive sulphides and associated disseminated sulphide mineralisation and confirms the importance of the conduit model at East Bull.
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