Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Canadian Palladium Resources Inc. (BULL) has released the latest results from drilling at the East Bull Palladium Deposit
  • Drilling highlights include 1.4 g/t of palladium equivalent over 20 metres from the newly discovered EOH Zone
  • The results are part of a 15,000-metre drill program that was designed to expand the current inferred mineral resource
  • Canadian Palladium Resources is an exploration company focused on the acquisition and development of production-grade metal deposits
  • Canadian Palladium Resources Inc. (BULL) ended the day down 4.76 per cent, trading at $0.10 per share

Canadian Palladium Resources Inc. (BULL) has released the latest results from drilling at the East Bull Palladium Deposit near Sudbury, Ontario.

The company recently discovered the EOH Zone at the west end of the deposit, where it has focused its drilling efforts.

“The discovery of the EOH Zone,” said CEO Wayne Tisdale, provides us with an opportunity to expand the pit-constrained mineral resource at East Bull.”

“Two of the holes reported here,” he added, “have wide intervals of Garden Zone mineralization in the upper part of the hole and also have intersected the new EOH Zone below.”

The latest diamond drill results have further extended the Garden Zone and discovered that the EOH Zone is a mineralized feeder dyke that underlies the Garden Zone.

Drilling highlights include 1.4 g/t of palladium equivalent over 20 metres from the EOH Zone and 1.3 g/t palladium equivalent over 38 metres at the Garden Zone.

The results are part of a 15,000-metre drill program that was designed to expand the current inferred mineral resource.

“We look forward to incorporating these results in an updated resource estimate this fall,” remarked Mr. Tisdale.

Canadian Palladium Resources is an exploration company focused on the acquisition and development of production-grade metal deposits.

These metals are critical components to current and future vehicle technology.

Canadian Palladium Resources Inc. (BULL) ended the day down 4.76 per cent, trading at $0.10 per share as of 3:59 pm ET.

More From The Market Herald

" Grizzly (TSXV:GZD) to advance 2022 drilling for BC precious & battery metals projects

Grizzly Discoveries (GZD) is reviewing proposals for core drilling during the 2022 exploration season.

" ArcPacific (TSXV:ACP) locates lost gold-copper mine on LMSL Project

ArcPacific Resources Corp. (ACP) has discovered an early 1900s era gold-copper mine at its LMSL Project in British Columbia.

" CanAlaska Uranium (TSXV:CVV) begins airborne survey at Geikie Project

CanAlaska Uranium (CVV) has begun a high-resolution helicopter-borne aeromagnetics and radiometrics survey on its Geikie project.

" Osisko Development (TSXV:ODV) releases San Antonio Property mineral resource estimate

Osisko Development Corp. (ODV) has released an initial open pit resource estimate at its San Antonio Project in Sonora State, Mexico.