TORONTO, June 8, 2011 -
Dalradian Resources Inc. (“Dalradian“ or the “Company“) (TSX: DNA) (TSX: DNA.WT) continues to extend the known mineralization at its Curraghinalt Deposit in County Tyrone, Northern Ireland. Results from 6 step out holes and 1 infill hole are reported for a total of 15 intercepts greater than 5 gram metres.
“Our four rig drill program continues to pick up the pace with over 3500 metres of drilling in seven holes reported in this release,“ says Patrick F. N. Anderson, Company CEO and Chairman, “To put this in perspective, we have completed just over 10,000 metres in 31 drill holes since going public last August. We expect another two drill rigs to arrive on site this summer to further enhance the exploration program.“
As part of the company's step out drilling program, the main resource veins continue to be intersected at predicted depths and the Bend and Crow veins (not included in the previously reported 43-101 resource) are providing high grade intersections. An infill drill hole on the T17 vein intercepted 2.06m grading 111.66 g/t gold.
Drill hole From
(m) To
(m) Intercept
Width
(m) True
Width
(m) Intercept
Elevation
(m) Au
Grade
(g/t) (Interpreted)
Vein Name Resource
Infill Resource
Step-out
11-CT-82a 359.03 360.04 1.01 0.74 -135 7.94 No. 1 Yes
11-CT-82a 384.46 385.83 1.37 1.07 -159 4.68 V75 Yes
11-CT-83 238.12 238.67 0.55 0.50 65 34.57 Crow Yes
11-CT-85 126.04 126.49 0.45 0.40 129 28.31 Sheep Dip Yes
11-CT-85 333.60 334.13 0.53 0.51 -13 57.15 No. 1 Part Part
11-CT-85 358.48 358.86 0.38 0.36 -30 76.80 106-16 Part Part
11-CT-85 504.79 505.90 1.11 1.06 -122 26.84 Crow Yes
11-CT-86a 507.04 507.54 0.50 0.42 -277 24.16 No. 1 Yes
11-CT-86a 542.64 543.22 0.58 0.44 -305 14.28 106-16 Yes
11-CT-86a 562.78 562.97 0.19 0.15 -320 70.08 V75 Yes
11-CT-86a 612.05 612.21 0.16 0.13 -358 82.56 Bend Yes
11-CT-86a 735.09 735.33 0.24 0.21 -449 33.08 Crow Yes
11-CT-87 130.45 131.00 0.55 0.42 101 24.87 V75 Yes
11-CT-88 30.18 30.43 0.25 0.20 216 26.16 Sheep Dip Yes
11-CT-89 30.59 32.65 2.06 1.95 195 111.66 T17 Yes
Note: Only drill hole intercepts greater than 5 g/t Au over a 1 metre true width are reported.
Other intersections greater than 5 gram meters
Drill hole From
(m) To
(m) Inter-
cept
Width
(m) True
Width
(m) Inter-
cept
Eleva-
tion
(m) Au
Grade
(g/t) (Interpreted)
Vein Name
11-CT-85 637.61 637.96 0.35 0.25 -206 21.37 New
11-CT-85 690.01 690.17 0.16 0.12 -240 114.56 New
11-CT-86a 488.52 488.85 0.33 0.27 -263 19.51 T11F?
11-CT-86a 556.32 556.53 0.21 0.16 -315 51.84 New
T17 vein
Infill drill hole 11-CT-89 intersected 2.06m grading 111.66 g/t gold. This intercept confirms the presence of a very high grade zone of gold mineralization within the T17 vein. The T17 vein has now been traced by drilling over a strike extent of 700m and to a depth of 580m. The T17 vein remains open along strike and to depth.
No. 1 vein
Step out drill holes 11-CT-85, -82a and -86a successfully increased the down dip extent of the No.1 vein on the most easterly drill sections of the present program. Intercepted widths of 0.53m grading 57.15 g/t gold, 1.01m grading 7.94 g/t gold and 0.50m grading 24.16 g/t gold confirm the depth extent and grade in this previously undrilled area. The No. 1 vein has now been traced by drilling over a strike extent of 800m and to a depth of some 700m. The No. 1 vein remains open along strike and to depth.
106-16 Vein
Step out drill holes 11-CT-85 and -86a also successfully increased the down dip extent of the 106-16 vein on the most easterly drill sections of the present program. Intercepted widths of 0.38m grading 76.80 g/t gold and 0.58m grading 14.28 g/t gold confirm vein to a depth of 550m below surface on this drill section. The vein has been traced 1200m along strike and remains open along strike and to depth.
V75 vein
Step out drill holes 11-CT-82a, -86a and -87 successfully increased the strike length and down dip extent of the V75 vein. Intercepted widths of 1.37m grading 4.68 g/t gold and 0.19m grading 70.08 g/t gold have traced to the vein to depths of 550m below surface, while drill hole 11-CT -87(intercepted width 0.55m grading 24.87 g/t gold) has increased the interpreted strike length to 1100m. The V75 vein remains open along strike and to depth.
Sheep Dip vein
Step out drill holes 11-CT-85 and -88 successfully increased the strike extent of the Sheep Dip vein on the most easterly drill sections of the present program. Intercepted widths of 0.45m grading 28.31 g/t gold and 0.25m grading 26.16 g/t gold allow the interpreted strike length of the Sheep Dip vein to be extended to 900m. The Sheep Dip vein remains open along strike and to depth.
Bend Vein
At the time of the May 10, 2010, 43-101 compliant resource estimation, there was insufficient information to include the Bend vein in the estimate. A total of 27 drill holes have now intersected the vein and 16 of these have grades in excess of 5 grams over a 1m true width. Drill hole 11-CT-86a intercepted 0.16m grading 82.56 g/t Au. The Bend vein has been traced for 550m along strike and 600m down dip and remains open.
Crow vein
At the time of the May 10, 2010, 43-101 compliant resource estimation, there was insufficient information to include the Crow vein in the estimate. A total of 30 drill holes have now intersected the vein and 18 of these have grades in excess of 5 grams over a 1m true width. Drill holes 11-CT-83, -85 and -86a intercepted widths of 0.55m grading 34.57 g/t gold, 1.11m grading 26.84 g/t gold and 0.24m grading 33.08 g/t Au. The Crow vein has been traced for 800m along strike and 700m down dip and remains open.
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 four drill rigs operating at the site. 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 www.dalradian.com.
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.
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Contact Information
Dalradian Resources Inc.
Shae-Lynn Mathers
Director, Investor Relations
+1.416.583.5622
investor@dalradian.com
www.dalradian.com
