Dalradian Resources Inc. Dalradian Commences 30,000 Metre Surface Drilling Program

 
TIDMDALR 
 
 
   Dalradian commences 30,000 metre surface drilling program 
 
   TORONTO, ONTARIO -- (Marketwired - July 20, 2017) - Dalradian Resources 
Inc. (TSX: DNA/AIM: DALR) ("Dalradian" or the "Company") is pleased to 
announce that it has commenced its 30,000 metre surface drilling program 
as part of the Company's 2017 exploration program. At this time, there 
are 5 drill rigs mobilized and operating. The surface drilling will be 
primarily step-out holes, with the objective of investigating extensions 
of the Curraghinalt deposit, which is open in all directions. 
 
   Patrick F. N. Anderson commented, "The 2017 work program will enhance 
our Curraghinalt Gold Project through new drilling, geotechnical, 
geological and engineering studies. Infill drilling from our underground 
program has confirmed high-grade mineralization within the existing 
resource envelope. We are now stepping out of that envelope to test the 
extensions of those high-grade veins. Over our seven years of 
exploration at Curraghinalt we have been successful in expanding the 
mineral resource more than seven-fold." 
 
   "Concurrently, results from test mining and processing of Curraghinalt 
mineralized material have confirmed that the deposit responds well to 
mechanized mining methods, ounces recovered in mining are consistently 
higher than predicted by the resource model and recoveries of more than 
94% are achievable." 
 
   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. 
 
   For more information: 
 
   Marla Gale 
 
   Vice President Communications 
 
   [phone] 
 
   [e-mail] 
 
   Grant Thornton UK LLP (Nominated Adviser) 
 
   Philip Secrett / Richard Tonthat/Harrison Clarke 
 
   [phone] 
 
   Canaccord Genuity Limited (Broker) 
 
   Henry Fitzgerald-O'Connor / Martin Davison 
 
   [phone] 
 
   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. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Dalradian Resources Inc. via Globenewswire 
 
 
  http://www.dalradian.com/ 
 

(END) Dow Jones Newswires

July 20, 2017 02:00 ET (06:00 GMT)

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