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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (5939)3/25/2014 9:45:49 AM
From: Andrew~Read Replies (1) | Respond to of 203330
 
ALN-V
Aldrin Commences Drill Program
Aldrin Resource Corp ("Aldrin") (TSX VENTURE:ALN)(FRANKFURT:OAA) is pleased to announce commencing drilling on its Triple M Property in northern Saskatchewan, adjacent to the high-grade uranium discovery at Patterson Lake made recently by Fission Uranium Corp. The drill program is planned for up to 4,000 m, and is testing coincident geological, structural, gravity, basement conductor, magnetic and radon anomalies. Aldrin began building our targets with a helicopter VTEM survey (magnetic and electromagnetic data) last summer, which yielded strong basement conductor anomalies precisely parallel to the high-grade mineralization at Patterson Lake discovered by Fission Uranium Corp. The VTEM conductors occur within low magnetic susceptibility rocks, consistent with the fine grained metasediments that host uranium in the Athabasca Basin.
Aldrin followed up by testing the VTEM conductors with a surface radon survey, which returned high value anomalies over the conductors. Aldrin then followed up with a surface gravity survey which identified strong gravity lows closely associated with the radon anomalies and again located over the basement conductors.
Most recently, Aldrin completed infill gravity lines bringing the line spacing down from 200 m to only 50 m. This closer spacing has yielded increased detail in locating the strongest gravity anomalies, allowing the final refinement in collar locations.
Harrison Cookenboo, Ph.D., P. Geo and Aldrin's Vice President of Exploration and Development remarked "We have built very strong drill targets, and now we are ready to test them. I am impressed with how well our geophysical anomalies line up with our prioritized geological trends. They are precisely parallel to Fission's spectacular high-grade uranium discovery on their adjacent Patterson Lake property. I believe Aldrin's first uranium drill campaign has a strong opportunity for discovery."
Aldrin Resource Corp News Release



To: Goose94 who wrote (5939)5/28/2014 9:36:37 AM
From: Goose94Respond to of 203330
 
ALN-V halted



To: Goose94 who wrote (5939)5/29/2014 8:51:01 AM
From: Goose94Read Replies (1) | Respond to of 203330
 
Aldrin Resource (ALN-V) May 29, '14 has discovered radioactive mineralization in the first drill hole (ALN14-008) testing the Anticline target on its Triple M property. Aldrin's Triple M Property is adjacent to Fission Uranium Corporation's spectacular high-grade uranium discovery at Patterson Lake in northern Saskatchewan.

Aldrin employed a Mont Sopris model 2PGA 1000 down-hole gamma logger and two hand-held RS-125 Super Spectrometers to create its field data. The down-hole gamma logger identified 9 zones between 176.6 m and 246. 2 m depth spanning in total 14.6 m which read values above 300 counts per second (CPS) over greater than 0.3 m (Table 1). The two highest count zones reached maximum values 1380 CPS (176.6 m to 183.2 m) and 1850 CPS (243.1 m to 246.2 m). Values remained above 1000 CPS over a combined drill thickness of 2.7 m in these two zones, as shown in Table 1. Six of the other zones had high counts above 500 CPS, and the remaining zone had a high count of 380 CPS.

Background radiation levels are generally below 200 CPS in the metasedimentary rocks that dominate the drill target area. Aldrin considers intervals greater than 0.3 m thick and with greater than 300 CPS to be significant radioactive mineralization for our exploration program in the Triple M Property area. True thickness has not yet been determined for the intervals.

The down-hole gamma logger was run at 254.3 m depth due to high counts encountered by the hand-held RS-125 spectrometers during preliminary examination of the drill core. Drill hole ALN14-008 is drilling ahead to its target depth of 400 m, based on 3D modelling of the coincident VTEM conductive and ground gravity low anomalies, as interpreted by consulting geophysicist Christopher (Kit) Campbell, P. Geop. The 3D modelling suggests that the conductor anomaly strengthens between 300 and 400 m depth (Fig. 1).

It should be noted that the 2PGA 1000 down-hole logger records total counts can possibly be derived from potassium (K), thorium (Th) or uranium (U) radiation and thus may not be directly related to uranium content in the drill core. However there was a good correlation reported between total counts and uranium content at Fission Uranium Corp's Patterson Lake discovery. The actual radioactive source element will be confirmed for the Anticline discovery following chemical analysis on Aldrin's drill core which will be completed at the Saskatchewan Research Council Laboratory in Saskatoon, Saskatchewan in the coming weeks.

To view "Table 1: High-count intervals in the first half of drill hole ALN14-008," please visit the following link: media3.marketwire.com

To view "Figure 1: 3D model showing the position of drill hole ALN14-008 on the Anticline target, as well as the position of the Forrest Lake fault target," please visit the following link: media3.marketwire.com

The hand-held RS-125 spectrometers were used to analyze the radioactive source in drill core. Thirty-eight separate spectral analyses were collected between 176.0 and 186.25 m at 0.25 m intervals for 120 seconds apiece. The analyses returned an average of 13.8 ppm uranium over that 10.25 m interval, with the two lowest values being 8.3 ppm and 8.7 ppm U, and the two highest values being 24.1 ppm and 28.4 ppm U. As noted in Table 1 above, A continuous 6.5 m within this interval yielded greater than 300 CPS on the down-hole gamma logger, with a maximum values of 1380 CPS, indicating that uranium provides at least a portion of the radioactive source.

Aldrin's Triple M Property occurs on structures parallel to both our Anticline and Forrest Lake fault targets. Aldrin tested the Forrest Lake fault target with the first 7 holes of this initial drill program with encouraging intersections of multiple graphitic fault zones, some with elevated gamma ray counts. Aldrin believes the Forrest Lake fault target also warrants considerable further surface and drill exploration, as will be discussed in more detail in subsequent news releases.

Harrison Cookenboo, Ph.D., P. Geo and Aldrin's Vice President of Exploration and Development remarked "I am excited to see the first half of the first drill hole testing our Anticline Target coming in with such significant high counts from the gamma log, and strong indications of uranium from the spectrometer analyses. The remainder of hole ALN14-008, and our next drill holes promise further excitement."

Dr. Cookenboo is a Qualified Person (QP) by the standards of National Instrument 43-101. He is on-site directing the drill program, has reviewed the technical data described above and approves the contents of this news release.