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DALR Dalradian Cmn

86.25
0.00 (0.00%)
Last Updated: 00:00:00
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 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Dalradian Resources Inc. Dalradian Files Ni 43-101 Technical Report For The Updated Mineral Resource Statement For The Currag...

22/06/2018 7:00am

UK Regulatory


 
TIDMDALR TIDMDALR 
 
 
   TORONTO, June 22, 2018 (GLOBE NEWSWIRE) -- Dalradian Resources Inc. 
(TSX:DNA) (AIM:DALR) ("Dalradian" or the "Company") reports that it has 
filed on SEDAR the National Instrument 43-101 technical report for its 
updated mineral resource statement for the Curraghinalt gold deposit in 
Northern Ireland. Highlights of the report were previously announced on 
May 10, 2018. Because this latest technical report supersedes any 
previous reports and renders them obsolete, the Company has removed the 
previous technical report (the 2016 Feasibility Study) from its website 
and marketing materials. Updated economics for the Curraghinalt gold 
deposit will be announced in the upcoming feasibility study, expected 
later this year. 
 
   Qualified Persons 
 
   The Mineral Resource Statement was prepared in accordance with NI 43-101 
by Dr. Oy Leuangthong, PhD, PEng (PEO#90563867), Dominic Chartier, PGeo 
(OGQ#874, APGO#2775) and David Machuca, Phd, PEng (PEO#100508889), all 
full-time employees of SRK Consulting (Canada) Inc., and Stacy 
Fredigmann, PEng (APEGBC #33972) of Canenco Consulting Corp (Canenco). 
All authors are considered independent Qualified Persons as defined by 
National Instrument 43-101. The Qualified Persons have read and approved 
the information contained in this press release. 
 
   About Dalradian Resources Inc. 
 
   Dalradian Resources Inc. is a mineral exploration and development 
company that is focused on advancing its high-grade Curraghinalt Gold 
Project located in Northern Ireland, United Kingdom. The Curraghinalt 
Project is in permitting, with exploration ongoing to build on the 
positive feasibility study released in January 2017. 
 
   For more information: 
 
   Marla Gale 
 
   Vice President Communications 
 
   +1 416 583 5600 
 
   investor@dalradian.com 
 
   Grant Thornton UK LLP (Nominated Adviser) 
 
   Philip Secrett / Richard Tonthat 
 
   +44 (0)20 7383 5100 
 
   Numis Securities Limited (Broker) 
 
   John Prior / James Black / Paul Gillam 
 
   +44 (0)20 7260 1000 
 
   FORWARD LOOKING STATEMENTS 
 
   This press release contains "forward-looking information" which may 
include, but is not limited to, statements with respect to management's 
assessment of the anticipated benefits to Dalradian shareholders of the 
proposed Orion transaction (the "Transaction"), anticipated meeting date, 
timing for completion of the Transaction and delisting from both the TSX 
and AIM, the delivery of an updated feasibility study and an updated 
technical report, 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 and mineral reserves, the 
realization of mineral resource and mineral reserve 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 production, economics and mine life 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 state 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 that management believes are reasonable, such as the 
receipt of all shareholder and regulatory approvals, no undue delays 
with respect to the Transaction, effects of general economic conditions, 
changing foreign exchange rates and actions by government authorities, 
continued political stability in Northern Ireland, that permits required 
for Dalradian's operations will be obtained in a timely basis in order 
to permit Dalradian to proceed on schedule with its planned exploration 
and mine development, construction and production programs, that a 
permitting application for mine construction will be approved, that 
skilled personnel and contractors will be available as Dalradian's 
operations commence and continue to grow towards production and mining 
operations, that the price of gold will be at levels that render the 
Dalradian's mineral project economic, and that the necessary capital 
will be available to finance Dalradian's operations and realize on 
mineral resource and mineral reserve estimates and current mine plans. 
 
   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, the 
risk that the required Dalradian shareholder approval or necessary court 
approvals may not be obtained in connection with the Transaction, 
uncertainties associated with negotiations, misjudgments in the course 
of preparing forward-looking information, the Transaction may not close 
when planned or at all or on the terms and conditions set forth in the 
Arrangement Agreement, the benefits expected from the Transaction not 
being realized, risks related to the integration of acquisitions, 
general business, economic, competitive, political and social 
uncertainties; legal challenges to permits or permitting applications; 
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 for the year ended 
December 31, 2017 dated March 15, 2018. 
 
   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 press 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

June 22, 2018 02:00 ET (06:00 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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