Mr. Patrick Anderson reports
DALRADIAN STAKES ADDITIONAL GROUND IN NORTHERN IRELAND
Dalradian Resources Inc. has been granted option agreements for precious metals and prospecting licences for base metals for two new licence areas (DG5 and DG6) contiguous with Dalradian's existing licences (DG1, DG2, DG3 and DG4) in Northern Ireland. The two new licence areas have the same structure as the pre-existing licences. The company's licence areas now stretch over approximately 122,000 hectares of proven prospective ground, up from approximately 84,000 hectares previously. Dalradian's field crews began regional prospecting and sampling in June as part of the company's 2016 regional exploration program, which will include the new licence areas.
Over six years of working in Northern Ireland, Dalradian has determined the best exploration techniques to use for finding gold. The 2016 regional exploration program includes soil and deep overburden sampling, panning and stream sediment sampling on all six licence areas. The end goals of this program are both to follow up on historic results and to prepare new targets for drilling.
Both licence areas contain multiple discrete panned concentrate anomalies (based on historic data) showing high gold values, ranging up to 188 grams per tonne gold. The DG5 and DG6 anomalies are the largest on Dalradian's licence areas outside of Curraghinalt. While these anomalies were identified using historic data, they will be ground truthed by Dalradian during the current regional program using similar techniques that the company successfully employed at the Curraghinalt gold deposit, where a 40-part-per-billion gold-in-soil anomaly outlines a multimillion-ounce gold resource that remains open in all directions.
Patrick F.N. Anderson, Dalradian's chief executive officer, commented:
"We first visited Northern Ireland in 2009, when the government was looking for a group with the experience and resources to grow and develop Curraghinalt. In addition to the merits of the small but high-grade gold deposit, we appreciated the foresight of the government in having produced the Tellus survey, a comprehensive package of geological data across Northern Ireland that was designed to attract investment in mining.
"Since that beginning, we have been able to grow Curraghinalt more than sixfold and have derisked the project by bringing it to the feasibility stage. In addition, we have identified numerous regional gold targets, compiled historic exploration data from elsewhere on our properties into one master exploration database, and currently have crews out in the field sampling and prospecting, with the goal of making more discoveries. With the addition of DG5 and DG6, we are now the largest mineral licence holder in Northern Ireland."
The Curraghinalt gold deposit sits at the heart of the 12-kilometre northwest/southeast-oriented Curraghinalt trend, where numerous gold showings have been identified through drilling, geochemistry, sampling and trenching. These include the Alworries discovery, where drilling returned 14.82 g/t gold over 4.72 m (see Nov. 15, 2012, press release). In addition to the Curraghinalt trend, the company has identified a series of gold targets along the Northeast corridor that are parallel to the Omagh thrust/perpendicular to the Curraghinalt trend and have strong coincident district-scale gold and arsenic anomalies first identified in the Tellus survey. At one of these targets at the southwestern end of the corridor, Dalradian sampled up to 168 g/t gold within a 60-centimetre-wide in situ quartz vein (see Dec. 2, 2015, press release).
The table summarizes the high-priority targets (approximate locations of which are shown on the licence map available at the company's website).
Target Target Significant samples Sample type Historical
defined by drilling
DG1-001 EM, IP, and Historical prospecting: Trench and 12 shallow
mineralized 141.2 g/t Au from float; prospecting drill holes
outcrop and recent prospecting:
float 33.94 g/t Au from float,
1.62 g/t Au from float
DG1-002 Historical Historical shallow drill Drill hole 44 shallow
drilling, hole: 0.6 m at 61.43 g/t drill holes
mineralized Au from 51.50 m to 52.10
outcrop and m; recent relogging and
float resampling are continuing
DG1-003 Au soil 11.68 g/t Au from float, Prospecting None
geochemistry 91.5 g/t Au from float;
and trench: float during
mineralized excavation 14.65 g/t Au;
float no bedrock
DG1-004 Mineralized Prospecting: 8.6 g/t Au, Prospecting, None
outcrop and 7.7 g/t Au, 6.48 g/t Au, drill hole
float, Tellus all from float;
EM, drilling 2013 drilling: 0.11 m at
3.04 g/t Au, 0.50 m at
0.54 g/t Au
DG2-008 Historical Historical results: Prospecting, 21 historic
drilling, prospecting: 13.76 g/t drill hole holes, two
mineralized Au in outcrop; recent
outcrop and drilling: 3.63 m at
float 30.12 g/t Au and 44.31
g/t Ag; recent results:
drilling: 0.39 m at 9.44
g/t Au and six g/t Ag
DG3-005 Au soil Historical results: Prospecting Three shallow
geochemistry, 1.63 g/t Au from drill holes
mineralized graphitic pelite outcrop
outcrop and 1.88 g/t Au from
float outcropping quartz vein;
139.5 g/t Au in outcrop,
168 g/t Au in outcrop,
42.4 g/t Au in outcrop
DG3-009 Prospecting Historical prospecting: Prospecting None
89.6 g/t Au in float;
11.07 g/t Au in outcrop
DG4-010 Prospecting, Historical prospecting: Prospecting None
Au soil 187 g/t Au in float
DG5-007 Panned Historical results: Prospecting Yes, for a
concentrate 80 ppm Au in panned base metal
DG5-011 Prospecting, Historical results: Prospecting None
panned 26 g/t Au in outcrop
concentrate greater than 10 ppm Au
in panned concentrates
DG6-006 Prospecting, Historical results: Prospecting None
panned 5.7 g/t Au in float,
concentrate 187.8 ppm Au, 59.07 ppm
Au, 29.56 ppm Au in
Greg Hope, MSc, MAIG, exploration and geology manager, Dalradian Resources, is the qualified person who supervised the preparation of the technical data in this news release.
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