Oct 18 2010
Dalradian Resources Inc. (TSX:DNA)(TSX:DNA.WT) has intercepted several new parallel veins and cut 1 metre of 59.88 g/t of gold in infill hole 10-CT-66 at its Curraghinalt mesothermal gold deposit in Northern Ireland.
Dalradian has completed 11 holes totalling 2,802 metres since it began its exploration program and infill drilling on March 8, 2010. The aim of the exploration program is to identify the outer limits of the mineralized system by drilling along strike, down dip and parallel to the current resource zone.
"We have identified new parallel mineralized zones at depth to the main resource envelope, just as we had hoped," said Patrick F. N. Anderson, Dalradian's chairman and chief executive officer. "Our exploration program going forward is aimed at expanding the size of our known resource by testing new areas at depth, along strike and at additional parallel targets. We look forward to expanding our exploration program when Major Drilling Group's additional two rigs arrive on site in November."
To date the Company has received assay results for seven holes, five of which were exploration holes designed to extend the known boundaries of the existing resource to the south and southeast. The remaining two holes were designed to fill gaps in the existing resource. Highlights from the assay results over true width intervals are:
- 10-CT-58: 0.85 m at 20.02 g/t Au
- 10-CT-59: 0.43 m at 26.61 g/t Au and 1.41 m at 5.60 g/t Au
- 10-CT-60: 1.84 m at 9.25 g/t Au and 0.64 m at 26.36 g/t Au
- 10-CT-61: 0.80 m at 6.69 g/t Au
- 10-CT-63: 0.80 m at 10.25 g/t Au; 1.60 m at 7.75 g/t Au; 0.60 m at 20.19 g/t Au; 1.00 m at 16.63 g/t Au; 0.60 m at 9.45 g/t Au and 0.47 m at 27.97 g/t Au
- 10-CT-66: 1.00 m at 59.88 g/t Au (including 0.60 m at 99.00 g/t)
The assay results for the seven holes have been reviewed and the full list of vein composites are tabulated in the tables appended to this release. Omac Laboratories Ltd. (ISO/IEC 17025 accredited) of Loughrea, Republic of Ireland, performed the assays.
Conclusions and next steps
The exploration program will continue with the aim of delineating the resource envelope, infilling areas within the resource and adding resource ounces. The Company anticipates Major Drilling's two rigs to begin yielding results in the first quarter of 2011. Dalradian has also commenced evaluating additional prospects on its licences, and is establishing an exploration team in Gortin, Northern Ireland.
Qualified Person
Vaughan Williams, P. Geo, Eur. Geol., Project Manager, Aurum Exploration Services, a consultant to the Company, is the Qualified Person who supervised the preparation of the technical data in this news release.
Source: Dalradian Resources Inc.