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DALR Dalradian Cmn

86.25
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Dalradian Cmn LSE:DALR London Ordinary Share CA2354991002 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 86.25 85.00 87.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Dalradian Resources Dalradian Stakes Additional Ground in Northern Ireland

06/07/2016 1:03pm

UK Regulatory


 
TIDMDALR 
 
Dalradian Stakes Additional Ground in Northern Ireland 
FOR:  DALRADIAN RESOURCES INC. 
 
TSX SYMBOL:  DNA 
AIM SYMBOL:  DALR 
 
July 6, 2016 
 
Dalradian Stakes Additional Ground in Northern Ireland 
 
TORONTO, ONTARIO--(Marketwired - July 6, 2016) - 
 
Editors Note: There are two figures associated with this press release. 
 
Dalradian Resources Inc. (TSX:DNA)(AIM:DALR) ("Dalradian" or the "Company") announces it has been granted option 
agreements for precious metals and prospecting licenses for base metals for two new licence areas (DG5 and DG6) 
contiguous with Dalradian's existing licences (DG1, DG2, DG3 and DG4) in Northern Ireland. The two new licence areas 
have the same structure as the pre-existing licences. The Company's licence areas now stretch over approximately 
122,000 hectares of proven prospective ground, up from approximately 84,000 hectares previously. Dalradian's field 
crews began regional prospecting and sampling in June as part of its 2016 regional exploration program, which will 
include the new licence areas. 
 
Over six years of working in Northern Ireland, Dalradian has determined the best exploration techniques to use for 
finding gold. The 2016 regional exploration program includes soil and deep overburden sampling, panning and stream 
sediment sampling on all six licence areas. The end goals of this program is both to follow up on historic results and 
to prepare new targets for drilling. 
 
Both licence areas contain multiple discrete panned concentrate anomalies (based on historic data) showing high gold 
values, ranging up to 188 g/t gold. The DG5 and DG6 anomalies are the largest on Dalradian's licence areas outside of 
Curraghinalt. While these anomalies were identified using historic data, they will be ground-truthed by Dalradian 
during the current regional program using similar techniques that the Company successfully employed at the 
Curraghinalt gold deposit, where a 40ppb gold in soil anomaly outlines a multi-million ounce gold resource that 
remains open in all directions. 
 
Patrick F.N. Anderson, Dalradian's CEO, commented: 
 
"We first visited Northern Ireland in 2009, when the government was looking for a group with the experience and 
resources to grow and develop Curraghinalt. In addition to the merits of the small but high-grade gold deposit, we 
appreciated the foresight of the government in having produced the Tellus survey, a comprehensive package of 
geological data across Northern Ireland that was designed to attract investment in mining. 
 
Since that beginning, we have been able to grow Curraghinalt more than six-fold and have de-risked the project by 
bringing it to the feasibility stage. In addition, we have identified numerous regional gold targets, compiled 
historic exploration data from elsewhere on our properties into one master exploration database and currently have 
crews out in the field sampling and prospecting, with the goal of making more discoveries. With the addition of DG5 
and DG6, we are now the largest mineral licence holder in Northern Ireland." 
 
The Curraghinalt gold deposit sits at the heart of the 12-kilometre northwest/southeast oriented Curraghinalt Trend, 
where numerous gold showings have been identified through drilling, geochemistry, sampling and trenching. These 
include the Alworries discovery, where drilling returned 14.82 g/t gold over 4.72 m (November 15, 2012 press release). 
In addition to the Curraghinalt Trend, the Company has identified a series of gold targets along the North East 
Corridor that are parallel to the Omagh Thrust/perpendicular to the Curraghinalt Trend and have strong coincident 
district-scale gold and arsenic anomalies first identified in the Tellus Survey. At one of these targets at the 
southwestern end of the corridor, Dalradian sampled up to 168 g/t gold within a 60-cm-wide in-situ quartz vein 
(December 2, 2015 press release). 
 
The table below summarizes the high priority targets (approximate locations of which are shown on the licence map 
available at http://www.dalradian.com/news-and-events/news-releases/news-releases-details/July-6-2016-News-Release- 
Figures/.) 
 
 
=--------------------------------------------------------------------------- 
Target   Target         Significant Samples      Sample Type    Historical 
         defined by                                             Drilling 
=--------------------------------------------------------------------------- 
=--------------------------------------------------------------------------- 
DG1-001  EM, IP, and    Historical prospecting:  Trench and     12 shallow 
         mineralized    141.2 g/t Au from float  Prospecting    drill holes 
         outcrop and    Recent prospecting: 
         float          33.94 g/t Au from float 
                        Recent prospecting: 1.62 
                        g/t Au from float 
=--------------------------------------------------------------------------- 
DG1-002  Historical     Historical shallow drill Drill hole     44 shallow 
         drilling,      hole: 0.6 m at 61.43 g/t                drill holes 
         mineralized    Au from 51.50 m to 52.10 
         outcrop and    m 
         float          Recent relogging & 
                        resampling are ongoing 
=--------------------------------------------------------------------------- 
DG1-003  Au soil        11.68 g/t Au from float  Prospecting    None 
         geochemistry   91.5 g/t Au from float 
         and            Trench: Float during 
         mineralized    excavation 14.65 g/t Au; 
         float          no bedrock 
                        mineralisation 
                        encountered 
=--------------------------------------------------------------------------- 
DG1-004  Mineralised    Prospecting: 8.6 g/t Au, Prospecting,   None 
         outcrop &      7.7 g/t Au, 6.48 g/t Au, Drill hole 
         float, Tellus  all from float 
         EM, Drilling   2013 Drilling: 0.11 m at 
                        3.04 g/t Au, 0.50 m at 
                        0.54 g/t Au 
=--------------------------------------------------------------------------- 
DG2-008  Historical     Historical results:      Prospecting,   21 historic 
         drilling,      Prospecting: 13.76 g/t   Drill hole     holes, 2 
         mineralized    Au in outcrop                           recent 
         outcrop and    Drilling: 3.63 m at 
         float          30.12 g/t Au and 44.31 
                        g/t Ag 
                        Recent results: 
                        Drilling: 0.39m at 9.44 
                        g/t Au and 6 g/t Ag 
=--------------------------------------------------------------------------- 
DG3-005  Au soil        Historical results:      Prospecting    3 shallow 
         geochemistry,  1.63 g/t Au from                        drill holes 
         mineralized    graphitic pelite outcrop 
         outcrop and    1.88 g/t Au from 
         float          outcropping quartz vein 
                        Recent results: 
                        139.5 g/t Au in outcrop 
                        168 g/t Au in outcrop 
                        42.4 g/t Au in outcrop 
=--------------------------------------------------------------------------- 
DG3-009  Prospecting    Historical prospecting:  Prospecting    None 
                        89.6 g/t Au in float 
                        Recent prospecting: 
                        11.07 g/t Au in outcrop 
=--------------------------------------------------------------------------- 
DG4-010  Prospecting,   Historical prospecting:  Prospecting    None 
         Au soil        187 g/t Au in float 
         geochemistry 
=--------------------------------------------------------------------------- 
DG5-007  Panned         Historical results:      Prospecting    Yes, for a 
         concentrate    80 ppm Au in panned                     base metal 
                        concentrates                            anomaly 
=--------------------------------------------------------------------------- 
DG5-011  Prospecting,   Historical results:      Prospecting    None 
         Panned         26 g/t Au in outcrop 
         concentrate   greater than 10 ppm Au 
                        in panned concentrates 
=--------------------------------------------------------------------------- 
DG6-006  Prospecting,   Historical results:      Prospecting    None 
         Panned         5.7 g/t Au in float 
         concentrate    187.8 ppm Au, 59.07 ppm 
                        Au, 29.56 ppm Au in 
                        panned concentrates 
=--------------------------------------------------------------------------- 
 
 
Greg Hope, MSc, MAIG, Exploration and Geology Manager, Dalradian Resources, is the Qualified Person who supervised the 
preparation of the technical data in this news release. 
 
About Dalradian Resources Inc. 
 
Dalradian Resources Inc. is a gold exploration and development company that is focused on advancing its high-grade 
Curraghinalt Gold Project located in Northern Ireland, United Kingdom. The Company is in the midst of a work program 
in support of a planning (permitting) application for construction of an operating mine at Curraghinalt. Components of 
the program include a feasibility study, an environmental and social impact assessment and underground exploration (at 
least 950 metres of development with associated test stoping). 
 
In May 2016, Dalradian announced an updated mineral resource estimate for Curraghinalt, including a 109% increase in 
gold ounces contained in the Measured and Indicated categories compared with the 2014 resource. The current resource 
consists of 2.1 million ounces of contained gold in the Measured and Indicated categories (5.61 million tonnes at 
11.61 g/t) and 2.3 million ounces of contained gold in the Inferred category (7.13 million tonnes at 10.06 g/t gold). 
For further information, see the NI 43-101 technical report entitled, "Technical Report for the Northern Ireland Gold 
Project, Northern Ireland", dated June 17, 2016 and prepared by Dr. Jean-Francois Couture, PGeo (APGO#0197) and Dr. Oy 
Leuangthong, PEng (PEO#90563867), both of SRK Consulting (Canada) Inc. and Stacy Freudigmann, PEng (APEGBC #33972) of 
JDS Energy & Mining Inc. 
 
FORWARD-LOOKING STATEMENTS 
 
This news release contains "forward looking information" which may include, but is not limited to, statements with 
respect to the future financial or operating performance of the Company and its subsidiaries and its mineral project, 
the future price of metals, test work and confirming results from work performed to date, the estimation of mineral 
resources, the realization of mineral resource estimates, the timing and amount of estimated future production, costs 
of production, capital, operating and exploration expenditures, costs and timing of the development of new deposits, 
costs and timing of future exploration, requirements for additional capital, government regulation of mining 
operations, environmental risks, reclamation expenses, title disputes or claims, limitations of insurance coverage, 
the timing and possible outcome of pending regulatory matters and the realization of the expected economics of the 
Curraghinalt gold deposit. Often, but not always, forward looking statements can be identified by the use of words and 
phrases such as "plans", "expects", "is 
expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations 
(including negative variations) of such words and phrases, or statements that certain actions, events or 
results "may", "could", "would", "might" or "will" be taken, occur or be achieved. 
 
Forward looking statements are based on the opinions and estimates of management as of the date such statements are 
made and are based on various assumptions such as the continued political stability in Northern Ireland, that permits 
required for Dalradian's operations will be obtained on a timely basis in order to permit Dalradian to proceed on 
schedule with its planned exploration and development programs, that skilled personnel and contractors will be 
available as Dalradian's operations continue to grow, that the price of gold will be at levels that render Dalradian's 
mineral project economic, that the Company will be able to continue raising the necessary capital to finance its 
operations and realize on mineral resource estimates and current mine plans, that the assumptions contained in the 
Company's Preliminary Economic Assessment are accurate and complete, that results from the infill drilling program 
continue to be positive, that the mineral resource update is positive, that the results of the Environmental and 
Social Impact Assessment and the Feasibility Study will be positive and that a permitting application for mine 
construction will be approved. 
 
Forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual 
results, performance or achievements of Dalradian to be materially different from any future results, performance or 
achievements expressed or implied by the forward looking statements. Such factors include, among others, general 
business, economic, competitive, political and social uncertainties; the actual results of current and future 
exploration activities; the actual results of reclamation activities; conclusions of economic evaluations; meeting 
various expected cost estimates; changes in project parameters and/or economic assessments as plans continue to be 
refined; future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs 
may exceed estimated costs; failure of plant, equipment or processes to operate as anticipated; accidents, labour 
disputes and other risks of the mining industry; political instability; delays in obtaining governmental approvals or 
financing or in the completion of development or construction activities, as well as those factors discussed in the 
section entitled "Risk Factors" in the Company's annual information form. Although the Company has attempted to 
identify important factors that could cause actual actions, events or results to differ materially from those 
described in forward looking statements, there may be other factors that cause actions, events or results to differ 
from those anticipated, estimated or intended. Forward looking statements contained herein are made as of the date of 
this news release and the Company disclaims any obligation to update any forward looking statements, whether as a 
result of new information, future events or results, except as may be required by applicable securities laws. There 
can be no assurance that forward looking statements will prove to be accurate, as actual results and future events 
could differ materially from those anticipated in such statements. Accordingly, readers should not place undue 
reliance on forward looking statements. 
 
To view the figures associated with this press release, please visit the following links: 
 
http://media3.marketwire.com/docs/1061679_dalradian_july06_fig01.pdf 
 
http://media3.marketwire.com/docs/1061679_dalradian_july06_fig02.pdf 
 
 
-30- 
 
FOR FURTHER INFORMATION PLEASE CONTACT: 
 
Dalradian Resources Inc. 
Marla Gale 
Vice President Communications 
+1 416 583 5622 
investor@dalradian.com 
 
OR 
 
Grant Thornton UK LLP (Nominated Adviser) 
Philip Secrett / Richard Tonthat / Harrison Clarke 
+44 (0)20 7383 5100 
 
OR 
 
Canaccord Genuity Limited (Broker) 
Henry Fitzgerald-O'Connor / Martin Davison 
+44 20 7523 8000 
 
 
 
 
Dalradian Resources Inc. 
 

(END) Dow Jones Newswires

July 06, 2016 08:03 ET (12:03 GMT)

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