Dalradian Resources Inc. Dalradian Intersects 0.74 Metres At 82.47 G/T Gold In Step-out Drilling At Curraghinalt

 
TIDMDALR TIDMDALR 
 
 
   TORONTO, ONTARIO--(Marketwired - Dec. 14, 2017) - Dalradian Resources 
Inc. (TSX:DNA)(AIM:DALR) ("Dalradian" or the "Company") is pleased to 
report results from a total of 20 drill holes from step-out and infill 
drilling at the Curraghinalt gold deposit in Northern Ireland. The drill 
program is ongoing, with 6 drill rigs working on surface and 3 drill 
rigs focused underground. Today's results include 14 step-out holes and 
6 infill holes. 
 
   Highlights 
 
 
   -- Step-out: 1.85 m of 19.27 g/t gold from the Crow vein in hole 17-CT-440 
 
   -- Step-out: 1.2 m of 27.31 g/t gold from the 106-16 vein in hole 17-CT-456 
 
   -- Step-out: 0.74 m of 82.47 g/t gold from the V75 vein in hole 17-CT-456 
 
   -- Infill: 1.38 m of 15.75 g/t gold from the V75 vein in hole 17-CT-443 
 
   -- Infill: 0.26 m of 92.7 g/t gold from the Slap Shot vein in hole 17-CT-443 
 
   -- Infill: 2.61m of 36.15 g/t gold from the No. 1 vein in hole 17-CT-454 
 
   -- Infill: 1.29 m of 24.73 g/t gold from the Crow vein in hole 17-CT-457a 
 
 
   Patrick F.N. Anderson, Dalradian's President and CEO, commented: 
 
   "Our drilling continues to deliver high grade intercepts, both within 
the bounds of the previous resource and up to more than 450 metres to 
the West. At this point, we have completed more than three quarters of 
the planned drilling and reported results from just over half of the 
holes. We are working our way through a considerable backlog of core 
because of the more detailed logging our geologists are doing this year 
to boost our understanding of the geotechnical characteristics of the 
deposit. What we have seen so far shows that there are numerous areas 
within the deposit that we should be able to convert to lower cost 
mechanized mining methods because the rock strength is much better than 
originally modelled. This work is vital to our updated feasibility study 
planned for Q3 2018. Drilling will continue into January so that we have 
the data we need to deliver a resource update in Q2 2018, which will 
also feed into the FS update." 
 
   Details of drilling at Curraghinalt 
 
   Results are being reported for 20 drill holes for a total of 7,721 
metres. Six of the drill holes were drilled from underground and are in 
the central part of the Curraghinalt deposit (see plan map and two cross 
sections at 
http://www.dalradian.com/news-and-events/news-releases/news-releases-details/December-14-2017-News-Release-Figures). 
These holes were drilled at varying intervals targeting some of the 
veins included in the last mineral resource estimate (see the Company's 
Technical Report, as defined below, dated January 25, 2017) in zones 
where increased drill hole density would likely result in conversion of 
resource ounces from the Inferred to the Indicated category. Some of the 
drill holes were designed to also yield geotechnical data for a planned 
update of the geotechnical model during 2017. The remaining fourteen 
drill holes were drilled from surface targeting extensions to the west 
of veins included in the last resource. Most drill holes were oriented 
generally towards the south in order to intercept the steeply north 
dipping vein array. 
 
   Selected Curraghinalt Drill Intersections 
 
 
 
 
                           From     To    Width    Au      Vein       Drill 
Hole ID      Azimuth/Dip    (m)     (m)    (m)    (g/t)    System    Campaign 
17-CT-436        200/-50   89.76    90.2   0.44    41.9      V75-S   Step Out 
17-CT-436        200/-50   91.45   91.92   0.47    36.7        V75   Step Out 
 
17-CT-437        205/-50  113.26  113.53   0.27    40.8        V75   Step Out 
17-CT-437        205/-50  194.57  194.89   0.32    41.5       Bend   Step Out 
 
17-CT-438a       205/-50   535.6  535.98   0.38    54.5       Bend   Step Out 
 
17-CT-440        200/-50  220.95   222.8   1.85   19.27       Crow   Step Out 
 
17-CT-442        219/-73  249.43  249.76   0.33    35.1     Bend-S     Infill 
 
17-CT-443        211/-43   134.5  134.76   0.26    92.7  Slap Shot     Infill 
17-CT-443        211/-43  162.67  164.05   1.38   15.75        V75     Infill 
 
17-CT-444        200/-50   216.8  217.19   0.39    29.1       Bend   Step Out 
17-CT-444        200/-50  286.51  286.78   0.27    72.7       Crow   Step Out 
 
17-CT-446        200/-50  236.08  236.33   0.25    49.1     Bend-S   Step Out 
17-CT-446        200/-50  288.33  288.59   0.26    44.9       Bend   Step Out 
 
17-CT-447        205/-50  339.64  339.95   0.31    55.7       Crow   Step Out 
 
17-CT-449        208/-50   319.5  319.87   0.37    26.6       Bend   Step Out 
 
17-CT-450        205/-50   175.4  175.82   0.42    23.8  Slap Shot   Step Out 
 
17-CT-453        180/-65  171.57  171.97    0.4    56.4       No.1     Infill 
17-CT-453        180/-65  214.64   214.9   0.26    49.1   Causeway     Infill 
17-CT-453        180/-65  232.54  233.23   0.69   14.26     106-16     Infill 
17-CT-453        180/-65  382.72  383.33   0.61   27.07       Bend     Infill 
 
17-CT-454        219/-80   80.04   82.65   2.61   36.15       No.1     Infill 
17-CT-454        219/-80  236.12  236.92    0.8      22        V75     Infill 
 
17-CT-456        206/-50  162.46  162.73   0.27    49.8        T17   Step Out 
17-CT-456        206/-50  178.32  179.52    1.2   27.31     106-16   Step Out 
17-CT-456        206/-50  321.86   322.6   0.74   82.47      V75-S   Step Out 
17-CT-456        206/-50  329.34  329.68   0.34    59.3        V75   Step Out 
17-CT-456        206/-50  401.11  402.11      1   16.42       Bend   Step Out 
 
17-CT-457a       206/-55    44.4    45.7    1.3   21.13        V55     Infill 
17-CT-457a       206/-55   60.16    60.5   0.34    40.3       No.1     Infill 
17-CT-457a       206/-55   99.99  100.26   0.27    39.3   Causeway     Infill 
17-CT-457a       206/-55  173.32  174.08   0.76    33.9        V75     Infill 
17-CT-457a       206/-55  232.58  232.85   0.27    43.2       Bend     Infill 
17-CT-457a       206/-55  295.31   296.6   1.29   24.73       Crow     Infill 
 
 
   Notes 
 
 
   -- True widths vary depending on the vein zone intersected but generally 
      average 80% of the down hole interval 
 
   -- Intercepts are calculated using samples greater than or equal to 2.0g/t 
      Au, and contain no more than 1.0m of internal dilution 
 
   -- Only those mineralized intercepts exceeding 10 gram-metres have been 
      included in the table 
 
   -- 17-CT-438, 17-CT-439, 17-CT-441, 17-CT-455 and 17-CT-457 intercepted the 
      projected veins, but no significant mineralisation was encountered 
 
 
   Qualified Person 
 
   Eric Tremblay, P. Eng., Chief Operating Officer and Greg Hope, MSc, MAIG, 
Exploration and Geology Manager, are the Qualified Persons who 
supervised and reviewed the preparation of the technical data in this 
news release. 
 
   Drill core was halved with samples (averaging between 0.25 m and 0.50 m 
in mineralized material and up to 1 m in wall rock) submitted to ALS 
Laboratories in the Republic of Ireland. Rigorous quality assurance and 
quality control procedures, including the use of blanks, standards and 
duplicates, identified no material issues. Core samples were analyzed by 
a 50 gram gold fire assay with either an atomic absorption, or a 
gravimetric finish for samples initially reporting over 100.0 g/t gold. 
 
   ALS Laboratories is accredited by the Irish National Accreditation Board 
(INAB) to undertake testing, including for Ores and Minerals (INAB P9 
703), as detailed in the Schedule bearing the Registration Number 173T, 
in compliance with the International Standard ISO/IEC 17025:2005 2nd 
Edition "General Requirements for the Competence of Testing and 
Calibration Laboratories". 
 
   For additional details on the Curraghinalt high-grade lode gold deposit, 
please refer to the Company's technical report titled "NI 43-101 
Feasibility Study Technical Report on the Curraghinalt Gold Project 
Northern Ireland" (the "Technical Report"), dated January 25, 2017 and 
prepared by Garett Macdonald, P.Eng., Michael Makarenko, P.Eng., Indi 
Gopinathan, P.Eng. and Stacy Freudigmann, P.Eng., all of JDS Energy & 
Mining Inc., and Jean-François Couture, P.Geo., Bruce Murphy, 
P.Eng., Cam Scott, P.Eng., all of SRK Consulting (Canada) Inc., and 
William Harding, C.Geol., of SRK Consulting (UK) Ltd., all of whom are 
independent Qualified Persons as defined by NI 43-101. The Technical 
Report is available on the Company's website and on SEDAR at 
www.sedar.com. 
 
   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. 
 
   FORWARD LOOKING STATEMENTS 
 
   This press release contains "forward-looking information" which may 
include, but is not limited to, statements with respect to 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, such as 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 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, that the 
Company will be able to continue raising the necessary capital to 
finance its operations and realize on mineral resource and mineral 
reserve estimates and current mine plans, that the assumptions contained 
in the Company's Technical Report dated January 25, 2017 are accurate 
and complete 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 
for the year ended December 31, 2016 dated March 23, 2017. 
 
   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. 
 
   Contact Information 
 
   Marla Gale 
 
   Vice President Communications 
 
   [phone] 
 
   [e-mail] 
 
   or 
 
   Grant Thornton UK LLP (Nominated Adviser) 
 
   Philip Secrett / Richard Tonthat 
 
   [phone] 
 
   or 
 
   Canaccord Genuity Limited (Broker) 
 
   Henry Fitzgerald-O'Connor / Martin Davison 
 
   [phone] 
 
   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

December 14, 2017 02:00 ET (07:00 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.