- Canadian Palladium (CSE:BULL, OTCQB:DCNNF) has announced assay results from its East Bull Palladium Deposit
- Results are for drill holes EB-20-48 to EB-21-50
- Highlights include hole EB-21-50 which intersected two mineralized intervals with 9.7 grams per tonne of palladium equivalent over 2 metres and 1.055 grams per tonne palladium equivalent over 24 metres in the Garden Zone
- The company has now identified a mineralized zone of almost 3 kilometres, which includes palladium, platinum, rhodium, gold and base metals
- Shares of Canadian Palladium rose 3.45 per cent to $0.15 as of 11:22 a.m. EDT
Canadian Palladium Resources (CSE:BULL, OTCQB:DCNNF) has released assay results from its East Bull Palladium Deposit located near Sudbury, Ontario.
Assay results included drill holes EB-20-48 to EB-21-50, which have extended the Garden Zone to the west for 400 metres on strike.
Highlights of the results included Eb-21-50, which intersected two mineralized intervals with 9.87 grams per tonne of palladium equivalent over 2 metres and 1.055 grams per tonne of palladium equivalent over 24 metres in the Garden Zone.
The program has now identified almost 3 metres of mineralization hosting, which includes palladium, platinum, rhodium, gold and base metals.
As palladium prices have reached all-time highs in 2021, and sits at US$2,530.70 as of the time of this writing, Wayne Tisdale, CEO of Canadian Palladium said the East Bull Palladium Deposit continues to yield excellent results.
"Additionally, we are awaiting our rhodium results, and with rhodium currently over $26,000 per ounce, rhodium will be the second most important contributor to PdEq at East Bull after Pd itself," Tisdale added.
Samples of the assay results have been sent to AGAT Laboratories in Mississauga, Ontario. The company's standard procedure is to analyze rhodium after assaying for palladium, platinum and gold.
Once the rhodium results are received, the concentrations will be reported and included as a component of palladium+ platinum+ rhodium (3PGM) and included in calculations of palladium equivalent.
Shares of Canadian Palladium were up 3.14 per cent to C$0.15 as of 11:22 a.m. EDT.