Canadian Palladium Commences Drilling
February 11, 2020 (Source) – Canadian Palladium Resources Inc. (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR1) (formerly 21C Metals Inc.) (the “Company”) is pleased to announce that Vital Drilling of Val Caron, Ontario has started the diamond drilling program on the East Bull Palladium Property.
Drilling has commenced with one rig and a second will be added once the logistics are settled and drill sites have had snow removed. The first drill is starting in the western end of the Valhalla zone and will progress eastward infilling gaps and drilling down dip. The plan is to establish a full-service camp within two kilometres of the project when the second drill is delivered to site. The diamond drilling is focusing on expanding the NI 43-101 inferred resource (see news release dated July 3, 2019).
Canadian Palladium is pleased that Vital Drilling was able to get mobilized quickly. The fact the property is year-round accessible by a numbered highway has expedited the process. The Company is still targeting to have core available for viewing at the Prospectors and Developers Association of Canada Convention in early March 2020.
Wayne Tisdale commented, “I am currently onsite with our geological team and look forward to drilling this vastly underexplored property. With Palladium currently at $2250/oz the time is right to us to expand upon our existing inferred resource.”
The Company also announces that it has granted an aggregate of 3,000,000 incentive stock options to certain directors, officers, employees and consultants of the Company, subject to regulatory approval. The stock options will be exercisable at $0.20 for a period of five years from the date of grant.
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Canadian Palladium Resources Inc.
Wayne Tisdale, President and CEO
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