Dalradian Resources Announces Curraghinalt's 14.673 Meter Drilling Program Including 13,8 g / t Au on 3,35 m, 10,43 g / t Au on 3,75 m and 22,83 g / t Au on 1,48 m
03.05.2012/2011/2012 TORONTO, ONTARIO - Dalradian Resources Inc. ("Dalradian" or the "Company") (TSX: DNA) has released final results from pending drilling from the 54 and first quarter 43 drilling program at the Company's Curraghinalt deposit in of County Tyrone, Northern Ireland. 11 holes (XNUMX infill and XNUMX stepout) are reported in this announcement.
Drill results of the infill drilling are broadly similar to the modeled and reported resource (see 30 News Release, November 2012), while the step-out drilling has extended known strike and down dip mineralization and delineated new mineralized veins.
The deposit is still open along strike, down dip and across strike.
These results represent the end of the current phase of infill drilling on the surface at the Curraghinalt deposit. An application has been submitted for the next phase of the infill drilling program to allow for underground drilling from the existing mines. This drilling phase is scheduled to commence at the end of the third quarter, 2012.
On the 1. In July 2012, additional surface drilling will be completed following the completion and integration of ongoing structural, geophysical, geochemical and geological surveys to better understand and target the Priority Areas of the Curraghinalt Trend.
Step-out drilling at Curraghinalt
The stepout drilling has the potential resource shroud around 260 meters along strike at the T17 vein, in some areas down 200 meters down dip at 106-16, 780 meters along strike, and 200 meters up dip at parts of the Sheep Dip vein and up to 240 meter extended down dip on the Bend vein. In addition, several new veins were demarcated in the south of the known mineralization.
Bohrung11 CT 100
This hole surveyed the area between Attagh Burn and the central part of the resource. This hole is the second (steeper) of a pair of shear holes and was drilled from the same starting point as 11-CT-95. The hole intersected, as expected, the vein no. 1 and extended the Bend vein by 240 meters down dip and 70 meters along strike, and the T17 vein by 260 meters along the strike compared to the last resource.
Bohrung11 CT 101a
This hole examined the extension of mineralization demarcated in 11-CT-99, up-dip (480 m) at 400 meters along strike east of the resource. Several mineralized zones were intersected. This drilling confirms the continuity of mineralization up the slope along the easternmost line of drilling at Curraghinalt.
Bohrung11 CT 103
This hole, which was designed to investigate the extension of mineralization at the eastern edge of the down dip resource, intersected the Crow (3,11 g / t Au on 1,9 meters) and Bend (3,52 g / t Au on 1,66 meters) intersections. It extended the mineralization by 160 meters down dip of 11-CT-98. It also intersected five new veins in the south of Crow, including 155,14 g / t Au on 0,2 meters and 4,27 g / t Au on 2,8 meters. The most recent resource takes into account Crow's discussion, but not the new veins.
Bohrung11 CT 104
Hole 11-CT-104, which investigated the extension of mineralization below the central portion of the down dip resource, intersected the veins Mullan (43,63 g / t Au on 0,16 meters) and T17 (8,01 g / t Au on 1,46 meters). These intersections are 200 meters further down dip than the previous holes and the most recent resource.
Bohrung11 CT 105
This hole is a shear hole below 11-CT-99 hole in the easternmost section at Curraghinalt. It is believed that it intersected the Sheep Dip vein about 780 meters east of the current resource with a section of 14,57 g / t Au on 0,43 meters. A second vein was intersected approximately 80 meters south of the assumed location of the Crow Whale on 0,87 meters with 9,14 g / t Au.
Bore 11-CT-152
This hole is a step-out hole that was drilled 100 meters south of previous drilling to investigate correlated geophysical and geochemical anomalies. She intersected four veins, demonstrating the continuation of the system to the south. Results include 8,97 g / t Au on 0,64 meters.
Infill drilling
It is expected that the infill drilling in the central part of the deposits will improve the level of confidence in the resource without significantly altering the grade and tonnage.
Qualified expert
Damien Stephens (BSc. (Hons), M.AIG, M.AusIMM), Head of Exploration at Dalradian Resources Inc., has supervised the preparation of the technical data in this news release as a Qualified Person.
The cores were halved and the samples, which averaged 0,1 to 0,25 meters of ore and up to 0,5 meters of rock, were submitted to Omac in the Republic of Ireland. Strict quality assurance and quality control procedures have been implemented; this includes the use of blank, standard and duplicate samples. The gold content of the core samples was analyzed by 30 gram fire assay using atomic absorption, conventional gravimetric finishing and / or screening techniques.
About Dalradian Resources Inc .:
Dalradian is a Canadian exploration company listed on the TSX focused on the acquisition, exploration and development of gold, base metal and other precious metals, primarily in Europe. The company's most advanced property is in Northern Ireland, where the Company is focused on the high-grade Curraghinalt mesothermal gold deposit.
The 100% owned subsidiary Dalradian Gold Limited owns 100% mineral mining licenses and mining lease contracts in the counties of Tyrone and Londonderry in Northern Ireland, which are subject to certain levies. The Department of Enterprise, Trade and Investment ("DETI") and the Crown Estate Commissioners ("CEC") have jointly granted Dalradian the Base and Precious Metals Exploration Rights for four contiguous territories collectively known as the Tyrone Project.
Dalradian's flagship storehouse Curraghinalt hosts a 43 101 0,02 compliant measured mineral resource of 21,51 g / t gold containing 10.000 ounces of gold, an 1,11 million tonne mineral resource indicated with 12,84 g / t gold, representing 460.000 ounces of gold 5,45 g / t 12,74 inferred mineral resource equivalent to 2.230.000 ounces of gold. Dalradian's NI 43 101 compliant report titled "An updated Mineral Resource Estimate for the Curraghinalt Gold Deposit, Tyrone Project, County Tyrone, and County Londonderry, Northern Ireland" is on 10. January 2012 dated and to the 30. November 2011 effective. The report was prepared by Mr. Hennessey and Mr. Mukhopadhyay of Micon International Limited and is available on SEDAR at www.sedar.com.
Dalradian is currently preparing an initial economic valuation for the Curraghinalt deposit, while also conducting an active exploration program on the surrounding 84.000 hectare exploration property.
In Norway, Dalradian owns approximately 1,7 million hectares of mineral rights covering four greenstone belts, including an area housing a historic silver mining district. In the run-up to an early exploration program in Norway, Dalradian is currently focusing on data collection and analysis.
Dalradian's common stock is listed under the symbol "DAN" on the Toronto Stock Exchange. For more information, visit www.dalradian.com.
For more information please contact:
Dalradian Resources Inc.
Shae-Lynn Mathers
Director, Investor Relations
+ 1.416.583.5622
ppgad@pucrs.br
www.dalradian.com
Forward-looking statements
This press release contains "forward-looking information" that may include, but is not limited to, statements regarding the estimate of mineral resources. Often, but not always, forward-looking statements may involve the use of words and phrases such as "plan," "expect," "budget," "schedule," "estimate," "anticipate," "intend," "anticipate," or "Believe" or variation (even negative variations) of such words and expressions are identified. You could indicate that certain activities, events or outcomes occur or may be achieved "could", "may", "would", "like" or "become".
Forward-looking statements are based on management's beliefs and estimates at the time such statements are made and are also based on various assumptions.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied in the forward-looking statements to distinguish. Such factors include, among others, the receipt of necessary regulatory approvals, general business, economic, competitive, political and social uncertainties, the actual results of current exploration activities, the actual results of reclamation activities, conclusions of economic valuations, changes in project parameters as soon as the plans further refinement, future metal prices, possible ore or recovery rates, inability to operate the plant, equipment or processing as planned, accidents, labor disputes and other risks in the mining sector, political uncertainty, delays in obtaining government approvals or financing or in the completion of development or construction activities and other factors discussed in the section "Risk Factors" in the Company's Annual Report. Although the Company has attempted to identify important factors that could cause the actual acts, events or results to differ from those that are anticipated or anticipated, there could be other factors that could cause the actual actions, events or events to differ Results from those that are expected or intended. Forward-looking statements in this press release have been made as of the date of this press release and the company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results; unless required by applicable securities laws. No assurance can be given that forward-looking statements will prove to be accurate, as actual results and future events may differ materially from those anticipated in such statements. Therefore, readers should not unduly rely on forward-looking statements.
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