Announcement Date: 2022-03-22
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Alderan Resources Ltd.
Project name: Detroit
Location: United States
Commodities: Gold
Highlight: Drilling results incl. 16.2m @ 1.04g/t Au from 60.2m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Alderan Resources Limited (ASX: AL8) (Alderan or the Company) is pleased to announce drilling has recommenced at the Drum Gold Mine (Drum) within its Detroit Project, located in the Drum Mountains region of western Utah, USA. Drum Drilling Alderan’s drilling at Drum aims to confirm the presence and grade of remnant oxide gold mineralisation which the Company has modelled from historical drill hole data. Once this is completed, the focus will move to extending and delineating the deposit which is open both down dip and along strike. Alderan’s initial hole at Drum, 9DD22-001, intersected a thick oxide gold mineralised interval of 16.2m grading 1.04g/t Au from 60.2m downhole which included higher grade intervals of 6.3m grading 2.9g/t Au and 1.5m grading 5.6g/t Au1 . This result verifies gold grades in historical holes drilled into the East Pit and also provides confidence in Alderan’s modelling of gold mineralisation remaining at Drum when mining ceased in 1989 (see Figures 2 & 3) 2 . Alderan has completed hole 9DD22-003 (a redrill of hole 9DD22-002 which was abandoned) designed to test the southern end of the East Pit, where Alderan modelling indicates a 10-20m zone of oxide mineralisation grading +1.0g/t Au remains
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