Canadian Palladium Resources Inc.: Canadian Palladium Extends Garden Zone on Strike with 2.38 g/t Palladium Equivalent Over 6 meters and Intersects New Zone of Palladium Mineralization Interpreted as a Feeder Dyke
(CSE: BULL) (OTCQB: DCNNF) (FSE: DCR1) (the Company ) is pleased to provide new assay results for drill holes EB-21-51, EB-21-52, and EB-21-53 at the East Bull Palladium Deposit, located 90 kilometres west of Sudbury, Ontario. These drill holes extend the main Garden/Valhalla Zone palladium mineralization 250 m along strike to the west and intersected a new zone of mineralized inclusion-bearing gabbro located 50 m below the Garden Zone that is interpreted as a feeder dyke or magma conduit for the East Bull Intrusion.
Palladium Market Is Expected To Continue To Be Bullish As Demand Grows for Automakers
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PALM BEACH, Fla., May 5, 2021 /PRNewswire/ Palladium is one of the four metals in the precious metals group. It is considered as both a commodity – which makes it a risk asset, hence the bullish momentum during the global economic rebound in summer last year – and a safe haven. It is a rare commodity; 30 times rarer than gold and more precious than all the other precious metals, which makes it a safe haven in times of uncertainty, and it has indeed been acting as such in recent times. It has benefited from both of these statuses during the past year, in very uncertain markets that have been behaving unusually, so it is expected to continue to be bullish in 2021. Both palladium and platinum are mainly used in autocatalytic converters, to reduce harmful exhaust emissions. Palladium is used in engines that run on g