Tuesday, April 26, 2016

Dalradian Resources Inc. - DNA.t

Dalradian Resources Inc. - DNA.t is focused on advancing the flagship Curraghinalt gold deposit in Northern Ireland.

Curraghinalt is a high-grade, low capex lode gold deposit with mineralization open along strike, across strike and down dip.

On April 12, 2016 the company released News

Dalradian Resources Inc. (TSX:DNA) (AIM:DALR) ("Dalradian" or the "Company") announces results from 39 drill holes from the infill drill program at the Curraghinalt gold deposit in Northern Ireland. Infill drilling was completed in February and this is the final release of results from the 51,479-metre program.
--  1.44 m of 100.66 g/t gold from the Sheep Dip vein in hole 16-CT-355
--  1.02 m of 73.61 g/t gold from the No. 1 vein in hole 16-CT-341
--  1.06 m of 66.43  g/t gold from the Grizzly vein in hole 16-CT-343
--  0.67 m of 112.45 g/t gold from the T17 vein in hole 16-CT-366
--  0.65 m of 80.58 g/t gold from the Sperrin vein in hole 16-CT-342
--  1.20 m of 39.08 g/t from the V55 vein in hole 16-CT-361
--  0.80 m of 44.75 g/t from the Road vein in hole 16-CT-365

Patrick F.N. Anderson, Dalradian's Chairman and CEO, commented:
"We are ending our infill drill program at Curraghinalt with a final batch of high grade results. Work has been ongoing and is nearing completion on a resource update to reflect the 50,000 additional metres we have drilled since our last resource, which was based on 80,000 metres of drilling. The resource update is just one of many inputs into our feasibility study, which will outline the economics of an underground mine at Curraghinalt. Other work that is ongoing and will feed into the feasibility study includes vein sampling, test stoping, mine planning and some additional metallurgical testing. These other inputs will help to determine both the anticipated diluted grade of ore that will enter the mill and the expected gold recovery of that material."