Announcement Date: 2022-05-11
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Alderan Resources Ltd.
Project name: Detroit
Location: United States
Commodities: Gold
Highlight: Drilling results incl. 6.1m @ 2.3g/t Au from 0.0m
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 drillholes 9DD22-004 and 9DD22-005 completed at the northern end of the West Pit in the historical Drum gold mine (Drum) in Utah, USA. The holes are within Alderan’s Detroit Project, located in the Drum Mountains region of western Utah. The holes are part of Alderan’s nine-hole drilling programme completed in April, aimed at verifying and extending remnant oxide mineralisation at Drum and Mizpah. 1 Hole 9DD22-004 was collared at the northern end of Drum’s West Pit and was drilled to the north at a -45o hole dip angle to a depth of 47.85m (see Figure 2). It was designed to test the Chisholm Formation, the host of historical mineralisation in the West Pit (East Pit mineralisation is hosted in the stratigraphically lower Tatow unit), towards the interpreted steeply dipping northeast trending structure which defines the northern boundary of the corridor which hosts the Drum deposit. Historical holes along the strike of the hole include YC-114 and YC-115 which intersected 9.1m @ 2.0g/t Au from 48.8m downhole and 7.6m @ 2.8g/t Au from 42.7m downhole respectively. The hole intersected 6.08m @ 2.31g/t Au from surface, which successfully verified the historical drillholes. The highest grade assay is 7.17g/t Au over 1.61m at the top
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