TORONTO, July 12, 2011 -
Dalradian Resources Inc. ("Dalradian" or the "Company") (TSX: DNA) (TSX: DNA.WT) today announced the arrival of one additional diamond drill rig from Major Drilling Group International Inc. at its Curraghinalt Deposit in County Tyrone, Northern Ireland. This brings the total number of rigs working on the deposit to five.
"We now have three Major Drilling rigs to compliment the two Irish Drilling rigs already at Curraghinalt." says Patrick F. N. Anderson, Company CEO and Chairman, "The additional rig allows us to accelerate momentum in both infill drilling and expanding the deposit through an aggressive step out program."
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.
Contact Information
Dalradian Resources Inc.
Shae-Lynn Mathers, Director, Investor Relations
+1.416.583.5622
investor@dalradian.com
www.dalradian.com
