TORONTO, ONTARIO — (Marketwire) — 07/28/11 — Dalradian Resources Inc. („Dalradian“ or the „Company“) (TSX: DNA)(TSX: DNA.WT) is pleased to announce the completion of a Phase I prospecting campaign at its Tyrone Project in Northern Ireland. At least 19 gold and base metal targets have now been identified using data from this recent program, historic exploration data and the Tellus Project. Drilling details for a Phase II scout program will be announced shortly.
CEO Patrick F. N. Anderson states, „These targets demonstrate the pervasive nature of gold and base metals mineralization throughout our license areas. With this data in hand we are planning and preparing to execute an aggressive and systematic regional drilling program. Elements of this plan are already in place and a dedicated drill is currently on the property.“
The regional prospecting program involved four field groups working through Q1 and Q2 2011. They covered approximately half of the Tyrone Project area and took more than 900 outcrop and float samples. These samples served to compliment an existing historic database of over 1500 prospecting samples.
The concessions cover two distinct geological environments, the Dalradian Supergroup of predominately metasediments to the north and the Tyrone Volcanic Group, an igneous complex, to the south. Each of the two terrains offers targets for follow up and scout drilling.
The Tyrone Volcanic Group is an environment favourable for the formation of Volcanogenic Massive Sulphide (VMS) deposits. It is interpreted to have a similar origin as the Buchans VMS camp in Newfoundland and contains an abundance of float with VMS-style mineralization. Gold and base metal mineralization is most prevalent within the upper part of the volcanic sequence. Historic prospecting results include siliceous tuff assaying 16.1% Pb and 1.5g/t Au; and chloritic tuff assaying 8.8% Zn, 1.2% Pb and 1.7g/t Au.
In the Dalradian Supergroup, the highest priority exploration targets are within the Curraghinalt structural corridor, an area of approximately 8km of strike length and 3km width, centred on the Curraghinalt mesothermal gold deposit.
Qualified Person
EurGeol Garth Earls, Managing Director, Dalradian Gold Limited, is the Qualified Person who supervised the preparation of the technical data in this news release.
Omac Laboratories Ltd. (ISO/IEC 17025 accredited) of Loughrea, Republic of Ireland, performed the assays.
Dalradian Resources Inc.: A golden opportunity in Northern Ireland
Dalradian is a Canadian-based exploration company working to increase its gold resources at its approximately 84,000-hectare Tyrone Project, which encompasses its flagship Curraghinalt mesothermal gold deposit, in counties Tyrone and Londonderry in Northern Ireland. Its active exploration program is underway with six drill rigs operating on the Tyrone Project. Curraghinalt hosts an NI 43-101 compliant indicated mineral resource of 0.95 MT grading 13.24 g/t gold for 400,000 contained ounces and inferred mineral resource of 2.46 MT grading 14.64 g/t gold for 1.16 million contained ounces. Dalradian-s NI 43-101 report, „A Mineral Resource Estimate for the Curraghinalt Gold Deposit and a Review of a Proposed Exploration Program for the Tyrone Project, County Tyrone and County Londonderry, Northern Ireland“ is dated May 10, 2010, and prepared by Micon International Limited. Dalradian-s common shares and warrants are listed on the Toronto Stock Exchange under the symbols DNA and DNA.WT respectively. For further information, please see .
Forward-looking Information
This news release includes certain information that may constitute „forward-looking information“ under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, spending commitments, future operations, results of exploration, future work programs, capital expenditures and objectives. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results (including mineralization) and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in the Company-s prospectus under the heading „Risk Factors.“ There can be no assurance that such information will prove to be accurate, as actual results (including mineralization) and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
To view Figure 1 – 2011 Prospecting DG-01 – DG-04, please visit the following link:
To view Figure 2 – Historic Prospecting DG-01 – DG-04, please visit the following link:
To view Figure 3 – Target Location Map, please visit the following link:
Contacts: Dalradian Resources Inc. Shae-Lynn Mathers Director, Investor Relations +1.416.583.5622
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