Announcement Date: 2022-04-05
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Alderan Resources Ltd.
Project name: Detroit
Location: United States
Commodities: Gold
Highlight: Drilling results incl. 17.8m @ 1.7g/t Au from 88.0m
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 provide initial assay results for drillhole 9DD22-003 completed at the southern end of the East Pit in the historical Drum gold mine (Drum). The hole is within Alderan’s Detroit Project, located in the Drum Mountains region of western Utah, USA. The hole is part of Alderan’s planned 10-hole drilling programme aimed at verifying and extending remnant oxide mineralisation at Drum.1 Drum gold mine historically produced 125,000oz gold but until now, it has seen no modern exploration since mining ceased in 1989. Alderan designed hole 9DD22-003, drilled to 145.24m, to test for remnant gold mineralisation at the southern end of the East Pit, where Alderan modelling indicated a 10-20m zone of oxide mineralisation grading +1.0g/t Au remains below the pit bottom. Alderan received 9DD22-003 gold-only assays for 30 samples ranging in length from 0.47 – 2.42m between 85.95 – 123.0m down the hole
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