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Dalradian Resources Inc
Symbol DNA
Shares Issued 216,984,609
Close 2016-07-06 C$ 1.00
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Dalradian granted two licence areas in Northern Ireland

2016-07-06 09:16 ET - News Release

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).

                               HIGH-PRIORITY TARGETS

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
                                     mineralization
                                        encountered
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;
                                     recent results:
                            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;
                                 recent prospecting:
                            11.07 g/t Au in outcrop
DG4-010      Prospecting,    Historical prospecting:    Prospecting            None
                 Au soil        187 g/t Au in float
            geochemistry
DG5-007           Panned         Historical results:    Prospecting      Yes, for a
             concentrate        80 ppm Au in panned                      base metal
                                       concentrates                         anomaly
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
                                panned concentrates

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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