Aldrin Resource Corp., (TSX VENTURE:ALN) has reported that it has received all assay data and has evaluated the initial exploration program completed on its Keystone project located in the Mayo mining district of the Yukon Territory.
The Keystone project is controlled by the Company under a lease-option agreement with Ryanwood Exploration of Dawson City.
During the 2010 field season a 2,000 metre diamond drill program in twelve initial core holes was completed and the existing soil grid was expanded significantly. Previous soil sampling exploration work on the Keystone property had identified an anomalous gold/arsenic/antimony mineralized trend that measured approximately 3.2 kilometres long by 1.5 kilometres wide that contained several parallel structures. Anomalous gold values of up to 2.6 grams per tonne were reported in soils. These anomalous gold values coincided with high arsenic (up to 10,000 parts per million) and antimony (up to 2,000 ppm) values.
Assay results from the expanded soil grid completed in 2010 indicate the mineralized area is larger than originally identified and is now recognized as approximately 4 kilometres long by 3 kilometres wide. Assays returned from the approximately 2,500 soil samples collected report over 34 sample sites with gold values greater than 100 ppb with 8 samples over 200 ppb. High arsenic and antimony values are also present.
The early drilling program confirmed the presence of a structural corridor with several parallel structures encountered. The structures are characterized by highly anomalous arsenic values and anomalous gold. Overall the results indicate that the structures and surrounding host rock contain several continuous zones of low grade (less than 1 gram per tonne) gold mineralization. One interval in hole KEY10-12 encountered 9 metres of silicified material with visible arsenic sulphides grading 1.2 grams gold per tonne and several holes reporting intercepts of slightly less than one gram per tonne gold.
Several hundred outcrop samples were collected from exposures scattered within the anomaly and a geological mapping program was also completed during the 2010 field season. Compilation of the final geologic map is being completed at this time.
President and CEO Johnathan More states, "Our recent evaluation of the 2010 exploration program on our Keystone project indicates the mineralized system is much larger than originally thought and the scope of the project has expanded. A gold system exists on the Keystone and appears to be quite extensive. More work will be required to fully understand the nature of the mineralization."
The Company has four gold exploration projects located in the Yukon including three in the White Mining District. The Company continues to be strongly financed.
The Company's disclosure of a technical or scientific nature in this press release has been reviewed and approved by Bert W. Jeffries, the Company's vice-president of exploration and development, who serves as a qualified person under the definition of National Instrument 43-101.
The Keystone property represents an early stage exploration property and does not contain any mineral resources as defined by National Instrument 43-101.
Source: Aldrin Resource Corp.