Dalradian Res. (DNA-V) Makes New Discovery 12 Kilometres From Curraghinalt: 168.0 g/t and 42.4 g/t Gold Returned From Outcrop
Dec 2nd 2015 - NR
Dalradian Resources announces results from its ongoing regional exploration program in Northern Ireland. Newly discovered quartz veins have been mapped and sampled in an area known as Rylagh, located approximately 12.5 km to the south west of the Company's Curraghinalt gold deposit. Samples from outcrop at Rylagh have returned high-grade gold results including 168.0 g/t and 42.4 g/t of gold.
Sample | Sample type | Gold grade (g/t) | Sample description | | F11601 | Outcrop | 139.5 | 50 cm quartz vein with minor sulphide mineralisation along selvedges | | F11627 | Outcrop | 1.37 | 10-15 cm vuggy quartz vein with pyrite | | F36011 | Outcrop | 168 | 50 cm quartz vein with minor grey sulphide mineralisation | | F36012 | Outcrop | 42.4 | 50 cm quartz vein with minor sulphide mineralisation |
Note: Values range from less than 0.01 g/t of gold to 168 g/t of gold for the complete dataset of 40 samples. For Rylagh location, see map at the end of this press release or on Dalradian's web site at http://www.dalradian.com/files/images/figures/2015/Regional_Working_Nov2015PR2.png.
Patrick F.N. Anderson, Dalradian's Chairman and CEO, commented:
"These results prove that additional high grade gold mineralisation exists in outcrop on our Northern Ireland properties. As we continue to work on the feasibility study at Curraghinalt, our regional team is busy identifying and bringing to drill readiness other high grade targets on our 84,000 hectare prospecting licences."
Several quartz carbonate veins were sampled in and around Rylagh Burn on the company's DG3 Licence. Prospecting crews discovered several veins including a sub-horizontal vein exposed for some 3-4.0 metres in the burn which returned a result of 139.5 g/t Au. Field follow up duplicate samples returned assays of 168.0 g/t Au and 42.4 g/t Au. The Rylagh prospect is understood to be underlain by the NE-SW trending Glengawna Formation (schistose chloritic psammite and semipelite); and the overlying Mullaghcarn Formation (schistose psammite with minor semipelite and pelite). Exposure is poor and confined to stream sections draining higher ground. Extensive deposits of peat and boulder clay largely obscure the local geology.
Qualified Person
Eric Tremblay, P.Eng., Chief Operating Officer, Dalradian Resources, is the Qualified Person who supervised the preparation of the technical data in this news release.
Rock samples were submitted to ALS Laboratories Loughrea in the Republic of Ireland. Rock samples were analysed by a 50 gram gold fire assay with an atomic absorption finish (method Au-AA26) and gravimetric finish for over-limit samples (method Au-GRA22). Selected samples were also subjected to a 4 hour accelerated cyanide leach using LeachWELL Assay Tabs™ with an atomic absorption finish (method Au-AA15) to confirm the high grade results.
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".
About Dalradian Resources Inc.
Dalradian Resources Inc. is a gold exploration and development company that is focused on advancing its
high-grade Curraghinalt Gold Project located in Northern Ireland, United Kingdom. The Company is in the midst of a work program in support of a planning (permitting) application for construction of an operating mine at Curraghinalt. Components of the program include a feasibility study, an environmental and social impact assessment, infill drilling and underground exploration (885 metres of development with two test stopes).
Marla Gale
Vice President Communications
+1 416 583 5622
investor@dalradian.com
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett
+44 (0)20 7383 5100
Canaccord Genuity Limited (Broker)
Henry Fitzgerald-O'Connor / Martin Davison
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