Aldrin Resource Corp is pleased to announce commencement of the 2016 field exploration program on the Triple M Property ("Triple M") in the Patterson Lake area of the Athabasca Basin.
Aldrin is beginning the 2016 Triple M exploration program with a deep penetrating electromagnetic (EM) and magnetic airborne geophysical survey, covering the projected extension of the highly mineralized structural trend that hosts Fission Uranium Corp's high-grade Patterson Lake (Triple R) uranium deposit, 15 km to the northeast. The same structural trend also host's Nexgen Energy Ltd's another 5 kms further northeast.
Aldrin contracted Geotech to fly the geophysical survey using their helicopter-borne, deep-penetrating ZTEM system, which is already in the area conducting similar surveys for nearby uranium exploration groups. The primary goal of the survey is to identify potential deep-seated basement conductors that may be associated with uranium mineralization where the high-grade structure hosting both Fission Uranium and Nexgen's Patterson Lake projects intersects the western claims block of Aldrin's Triple M Property.
Aldrin's primary focus remains completion of a follow-up drill program on the Anticline Target in the southeast claims block of the Triple M Property, located adjacent to Fission Uranium's Patterson Lake (PLS) Property and its contained Triple R uranium deposit. Aldrin's first drill hole into the high-priority Anticline Target demonstrated uranium mineralized at multiple levels. Drill hole ALN14-008 intersected uranium mineralization over significant intervals including (see details in a news release dated June 27, 2014):
- 53.4 ppm U over 10.0 m between 178.0 and 188.0 m, including a higher value zone of 148.7 ppm U over 1.5 m between 182.5 and 184.0 m;
- 273 ppm U over 0.5 m between 235.0 and 235.5 m;
- 97.4 ppm U over 3.5 m between 243.0 and 246.5 m, including a higher value zone of 144.8 ppm U over 2.0 m between 243.5 and 245.5 m
Aldrin believes the initial drill results on the Anticline Target are consistent with being in the halo of a potential high-grade uranium discovery. To date, only the margin of the Anticline Target basement conductor has been drill tested. Aldrin remains focused on a summer/fall drill program to test the heart of the 2.5 km long conductor target.