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Strategies & Market Trends : Dino's Bar & Grill

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To: Andrew~ who wrote (34421)10/2/2017 6:32:50 AM
From: Andrew~Read Replies (2) of 203505
 
Dalmatian Resources Inc. (DNA-T)
Dalradian intersects 1.98 metres at 32.54 g/t gold in Step-out Drilling at Curraghinalt


TORONTO, ONTARIO--(Marketwired - Oct. 2, 2017) - Dalradian Resources Inc. (TSX:DNA)(AIM:DALR) ("Dalradian" or the "Company") announces the preliminary results from surface drilling at the Curraghinalt gold deposit in Northern Ireland. This drilling commenced in the summer with 5 drill rigs on surface focused on completing up to 30,000 metres of step-out and infill drilling. Included in today's results are nine step-out drill holes, all of which encountered extensions of the veins at Curraghinalt. The Company is also reporting results from six underground infill drill holes. Drilling continues, with a total of 8 rigs operating (3 underground), to complete the planned 40,000 metre drill program.

Highlights

  • Step-out: 1.98 m of 32.54 g/t gold from the 106-16 vein in hole 17-CT-427
  • Step-out: 0.94 m of 30.89 g/t gold from the T17 vein in hole 17-CT-428
  • Step-out: 1.03 m of 40.09 g/t gold from the Crow vein in hole 17-CT-435
  • Infill: 1.21 m of 76.22 g/t gold from the No.1 vein in hole 17-CT-415
  • Infill: 1.51 m of 41.04 g/t gold from the 106-16 vein in hole 17-CT-424
  • Patrick F.N. Anderson, Dalradian's President and CEO, commented: "The results from this first series of step-out drill holes are very exciting. These wider spaced, first pass results show continuity four hundred metres to the west in at least some of the high-grade Curraghinalt veins. In addition, infill drilling continues to deliver the expected good results, building toward an updated resource estimate."

    Details of drilling at Curraghinalt

    Results are being reported for 15 drill holes for a total of 6,324 metres. Six of the drill holes were drilled from underground and are in the central part of the Curraghinalt deposit (see plan map and two cross sections at dalradian.com. These holes were drilled at varying intervals targeting some of the veins included in the last mineral resource estimate (see the Company's Technical Report, as defined below, dated January 25, 2017) in zones where increased drill-hole density would likely result in conversion of resource ounces from the Inferred to the Indicated category. Some of the drill holes were designed to also yield geotechnical data for a planned update of the geotechnical model during 2017. The remaining nine drill holes were drilled from surface targeting extensions to the west of veins included in the last resource. Most drill holes were oriented generally towards the south in order to intercept the steeply north dipping vein array.

    Selected Curraghinalt Drill Intersections

    Hole IDAzimuth/DipFrom (m)To (m)Width (m)Au (g/t)Vein SystemDrill Campaign
    17-CT-405179/-54161.85162.190.3435.00No.1Infill
    17-CT-405220.77222.021.259.95106-16Infill
    17-CT-405304.99305.540.5524.67V75Infill
    17-CT-415192/-7667.9668.220.2637.90V55Infill
    17-CT-41570.1571.361.2176.22No.1Infill
    17-CT-415336.82337.690.8723.60BendInfill
    17-CT-416192/-90265.44266.030.5937.60V75Infill
    17-CT-420192/-75129.71131.451.749.24106-16Infill
    17-CT-420a192/-75333.16334.000.8411.71CrowInfill
    17-CT-421a205/-5038.3338.600.2735.20MullanStep Out
    17-CT-421a126.19126.490.3081.40T17Step Out
    17-CT-424192/-83148.99150.501.5141.04106-16Infill
    17-CT-424378.05378.300.2554.80BendInfill
    17-CT-427200/-50318.15318.450.3040.10T17Step Out
    17-CT-427382.77384.751.9832.54106-16Step Out
    17-CT-427453.22453.530.3143.20V75Step Out
    17-CT-428200/-50270.75271.690.9430.89T17Step Out
    17-CT-428339.19339.460.2774.30No.1Step Out
    17-CT-428555.12555.370.2549.20CrowStep Out
    17-CT-429205/-5045.7646.791.039.34106-16Step Out
    17-CT-431200/-50187.37187.640.2761.90T17Step Out
    17-CT-433200/-50498.77500.101.3323.83CrowStep Out
    17-CT-435200/-50186.89187.921.0340.09CrowStep Out
    Notes

  • True widths vary depending on the vein zone intersected but generally average 80% of the down hole interval
  • Intercepts are calculated using samples greater than or equal to 2.0g/t Au, and contain no more than 1.0 m of internal dilution
  • Generally, only those mineralized intercepts exceeding 10 gram-metres have been included in the table
  • 17-CT-421 and 17-CT-432 intercepted the projected veins, but no significant mineralisation was encountered
  • Qualified Person

    Eric Tremblay, P. Eng., Chief Operating Officer and Greg Hope, MSc, MAIG, Exploration and Geology Manager, are the Qualified Persons who supervised and reviewed the preparation of the technical data in this news release.

    Drill core was halved with samples (averaging between 0.25 m and 0.50 m in mineralized material and up to 1 m in wall rock) submitted to ALS Laboratories in the Republic of Ireland. Rigorous quality assurance and quality control procedures, including the use of blanks, standards and duplicates, identified no material issues. Core samples were analyzed by a 50 gram gold fire assay with either an atomic absorption, or a gravimetric finish for samples initially reporting over 100.0 g/t gold.

    ALS Laboratories is accredited by the Irish National Accreditation Board (INAB) to undertake testing, including for Ores and Minerals (INAB P9 703), as detailed in the Schedule bearing the Registration Number 173T, in compliance with the International Standard ISO/IEC 17025:2005 2nd Edition "General Requirements for the Competence of Testing and Calibration Laboratories".

    For additional details on the Curraghinalt high-grade lode gold deposit, please refer to the Company's technical report titled "NI 43-101 Feasibility Study Technical Report on the Curraghinalt Gold Project Northern Ireland" (the "Technical Report"), dated January 25, 2017 and prepared by Garett Macdonald, P.Eng., Michael Makarenko, P.Eng., Indi Gopinathan, P.Eng. and Stacy Freudigmann, P.Eng., all of JDS Energy & Mining Inc., and Jean-François Couture, P.Geo., Bruce Murphy, P.Eng., Cam Scott, P.Eng., all of SRK Consulting (Canada) Inc., and William Harding, C.Geol., of SRK Consulting (UK) Ltd., all of whom are independent Qualified Persons as defined by NI 43-101. The Technical Report is available on the Company's website and on SEDAR at www.sedar.com.

    About Dalradian Resources Inc.

    Dalradian Resources Inc. is a mineral exploration and development company that is focused on advancing its high-grade Curraghinalt Gold Projectlocated in Northern Ireland, United Kingdom.
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