Announcement Date: 2022-05-25
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 @ 1.0g/t Au from 60.04m
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 assay results for the final three drill holes, 9DD22-006, 9DD22-007 and 9DD22-008, in its nine-hole programme aimed at verifying oxide gold mineralisation at the historical Drum gold mine (Drum) and Mizpah gold prospect at the Company’s Detroit Project, located in the Drum Mountains region of western Utah Hole 9DD22-006 was designed to intersect the Chisholm Formation and Tatow unit, the hosts of historically mined mineralisation, close to the northeast trending King Tut fault which defines the southern boundary of the Drum deposit corridor at the southern end of the West Pit. The hole was drilled from the bottom of the West Pit at an azimuth of 135o and dip of -60o and traversed below historical hole YC-169 which intersected 35m @ 4.3g/t Au from 25.9m downhole to the end of the hole at 61m. No West Pit historical drilling extended into the lower Tatow unit which was the ore host in the East Pit. Alderan’s hole intersected 3.1m @ 1.1g/t Au in Chisholm Formation from 2.7m below the surface of the pit bottom. Chisholm Formation shales and siltstones were traversed downhole to a depth of 38.6m followed by Howell Limestone to 126m and then the Tatow unit
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