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Canadian Palladium (CSE:BULL) yields positive assay results at East Bull

Mining
CSE:BULL
12 May 2021 13:15 (EDT)

Canadian Palladium (BULL) has intersected 22 m grading at 2.22 g/t palladium equivalent at its East Bull Deposit.

The result stems from new assays for drill holes EB-21-54 to EB-21-56 that further extend East Bull along strike to the West.

Hole EB-21-55, which intersected 22 m grading 2.22 g/t palladium equivalent, also included 7 m at 3.40 g/t palladium equivalent.

Another highlight includes hole EB-21-56 which intersected 22 m of 0.951 g/t palladium equivalent.

The drilling program has now defined a 3 km strike length of near-surface disseminated sulphide mineralization hosting palladium, platinum, rhodium, gold and base metals 90 km West of Sudbury, Ontario.

These results continue to demonstrate the consistency of the disseminated palladium-bearing sulphide mineralization that occurs near the basal contact of the East Bull Gabbro. 

Wayne Tisdale, Canadian Palladium’s CEO, commented,

“The West end of the East Bull Palladium Deposit continues to deliver strong drilling results. We are excited to continue exploration in the West end of the deposit and are planning a borehole EM geophysical survey to search for higher-grade sulphides that could potentially be associated with a feeder dyke structure.”

Canadian Palladium is focused on acquiring and developing deposits of production-grade metal critical to current and future vehicle technology.

Canadian Palladium (BULL) is down by 5.88 per cent and is currently trading at $0.16 per share as of 11:07 am ET.

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