Saturday, February 26, 2022


Canadian Palladium Sources Extends East Bull Palladium Deposit with 13 Metres Grading 1.85 g/t Palladium Equal and Advances Metallurgical Take a look at Work

Vancouver, British Columbia–(Newsfile Corp. – February 3, 2022) – Canadian Palladium Sources Inc. (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR1) (the “Firm”) has acquired…

By Staff , in Palladium , at February 26, 2022


Vancouver, British Columbia–(Newsfile Corp. – February 3, 2022) – Canadian Palladium Sources Inc. (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR1) (the “Firm”) has acquired new assay outcomes for not too long ago accomplished diamond drill holes on the Firm’s East Bull Palladium Deposit, positioned 90 km west of Sudbury, Ontario (the “Property”). These holes prolong the East Bull Deposit on strike for about 250 m to the east. Moreover, the Firm is happy to announce {that a} metallurgical take a look at work program on the mineralization is in progress.

Drill Outcomes – Highlights from holes EB-21-63 and 64 embody:

  • Gap EB-21-63 had a 7.0 m intersection grading 2.13 g/t PdEq and an extra 6.0 m at 1.57 g/t PdEq within the Valhalla Zone;
  • Gap EB-21-64 had a large 13.0 m intersection grading 1.85 g/t PdEq within the Valhalla Zone.

Wayne Tisdale, Canadian Palladium’s CEO, commented, “Our drilling program has continued to extend the scale of the East Bull Deposit. Now we have determined to incorporate the palladium mineralization intersected by these profitable holes together with further holes on the west facet of the Property in in our up to date Useful resource Estimate. Consequently, the up to date Useful resource Estimate will now be launched in February 2022.”

The present outcomes are a part of a 20,000 m drill program with a main goal of increasing the present Inferred Useful resource and discovery of recent mineralization. See Determine 1 displaying the opening places.








East Bull Palladium Deposit, Vital Drill Intersections, Drill Holes EB-21-63 and EB-21-64
DDH# Zone Az/Dip From
(m)
To
(m)
Width (m) Pd
g/t
Pt
g/t
Au
g/t
Cu
%
Ni
%
Co
%
2PGM+
Au g/t
PdEq
g/t
EB-21-63 Valhalla 180o/-60o 109 116 7 1.048 0.439 0.080 0.135 0.059 0.007 1.568 2.133
and Valhalla   125 131 6 0.694 0.270 0.058 0.138 0.071 0.009 1.021 1.574
EB-21-64 Valhalla 180o/-60o 92 105 13 0.927 0.412 0.044 0.101 0.054 0.008 1.383 1.850

Pd-Eq grade based mostly on parameters within the Might 23, 2019, NI 43-101 Useful resource Estimate and Technical Report. Steel costs are based mostly on 24-month trailing averages at January 31, 2018. In US$ these costs are: Pd – $767/oz; Pt – $973/oz; Rh – $1,000/oz; Au – $1.262/oz; Cu – $2.53/lb; Ni – $4.62/lb; Co – $20/lb.

 

The Valhalla Zone palladium mineralization is primarily hosted inside a 45-degree-north-dipping vari-textured melagabbro unit close to the basal contact of the East Bull gabbro. Drilling has efficiently centered on testing the strike and downdip extensions of this contact-type mineralization that’s usually tens of metres thick.

The diamond drill holes have been 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 Valhalla Zone. Along with outcomes reported right here, rhodium is being analyzed and might be reported at a later date.

Metallurgical take a look at work program 

The Firm can also be happy to report {that a} metallurgical take a look at work program on the East Bull Palladium Deposit is in progress. The first objective of the metallurgical examine is to characterize the sulphide mineralogy, and consider potential metallic recoveries and focus high quality for the East Bull Deposit. Two consultant 40 kg take a look at samples of the platinum group metal-copper-nickel mineralization from latest drill core obtained from every of the Valhalla and Backyard Zones are being processed by SGS Canada Inc. of Lakefield, Ontario (SGS).

That is the primary metallurgical examine of the Firm’s East Bull Deposit. A mineralogical examine accomplished for a earlier operator recognized the key sulphide minerals as pyrrhotite, chalcopyrite, pentlandite, and pyrite with related platinum group minerals (PGM) and native gold. The PGM embody kotulskite (PdTe), froodite (PdBi2), merenskyite (PdTe2), michenerite (PdBiTe), sperrylite (PtAs2), platarsite (PtAsS), and hollingworthite (RhAsS). Because the PGM are carefully related to the key sulphide minerals, flotation of a sulphide focus is being evaluated to recuperate valuable metals.

SGS has accomplished feed characterization research together with head assays, sulphide mineralogy, Bond abrasion and ball mill assessments. The flotation testing will encompass batch rougher and cleaner assessments to guage restoration and focus grade expectations. The metallurgical examine is effectively superior. The outcomes are anticipated in Q1 2022 and would be the topic of a future press launch.

Wayne Tisdale additional said that, “Canadian Palladium is happy to be advancing the East Bull Mission to the stage of metallurgical take a look at work. This clearly represents a transition in our exploration program as we transfer from definition drilling to evaluating the event of this important palladium useful resource.”

Drill Program QA/QC 

This section of the drilling program was carried out below the supervision of Garry Clark, P. Geo., of Clark Exploration Consulting, a Certified Particular person as outlined in NI 43-101. Drill core samples have been break up utilizing a rock noticed by Firm employees, with half retained within the core field and saved within the Firm’s facility in Massey, Ontario. The drill core samples have been transported in sealed luggage by courier to Activation Laboratories (“Actlabs”) in Ancaster, Ontario. Actlabs is an impartial ISO/IEC 17025 licensed laboratory. PGE evaluation was carried out utilizing a 30 grams fireplace assay with an ICP-MS or ICP-AES end. Multi-element analyses, together with copper and nickel have been analysed by 4 acid digestion utilizing 0.25 grams with an ICP-AES end. Licensed requirements, blanks and crushed duplicates are positioned within the pattern stream at a fee of 1 QA/QC pattern per 10 core samples. Outcomes are analyzed for acceptance on the time of import. All requirements related to the outcomes on this press launch have been decided to be acceptable throughout the outlined limits of the usual used.

Mr. Garry Clark, P. Geo., of Clark Exploration Consulting, is the “Certified Particular person” as outlined in NI 43-101, who has reviewed and authorized the technical content material on this press launch.

Canadian Palladium Sources Inc.
Wayne Tisdale, President and CEO
T: (604) 639-4452

Reader Advisory

This information launch accommodates sure “forward-looking data” throughout the that means of relevant securities legislation. Ahead-looking data is steadily characterised by phrases resembling “plan”, “count on”, “mission”, “intend”, “consider”, “anticipate”, “estimate” and different comparable phrases, or statements that sure occasions or circumstances “might” or “will” happen. Specifically, forward-looking data on this press launch consists of, however will not be restricted to, statements with respect to the proposed timing and completion of the personal placement and the proposed use of proceeds from the personal placement. Though we consider that the expectations mirrored within the forward-looking data are cheap, there could be no assurance that such expectations will show to be appropriate. We can’t assure future outcomes, efficiency or achievements. Consequently, there is no such thing as a illustration that the precise outcomes achieved would be the similar, in complete or partially, as these set out within the forward-looking data.

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Junior Mining NetworkDetermine 1. Drill intersections reported on this launch relative to the East Bull Palladium Deposit. Base map is an airborne whole area magnetic survey.



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