Dalradian Resources Inc. Dalradian Intersects 1.05 Metres At 53.64 G/T Gold From Infill Drilling At Curraghinalt

 
TIDMDALR 
 
 
   TORONTO, Feb. 20, 2018 (GLOBE NEWSWIRE) -- Dalradian Resources Inc. 
(TSX:DNA) (AIM:DALR)  ("Dalradian" or the "Company") is pleased to 
report results from 16 drill holes from infill drilling at the 
Curraghinalt gold deposit in Northern Ireland. The drill program is 
ongoing, with five drill rigs working on surface and two drill rigs 
underground. 
 
   Highlights 
 
 
   -- 0.44 m of 318.00 g/t gold from the Bend vein in hole 17-CT-445 
 
   -- 0.34 m of 216.00 g/t gold from the No. 1 vein in hole 17-CT-452 
 
   -- 1.14 m of 45.54 g/t gold from the T17 vein in hole 17-CT-459 
 
   -- 0.73 m of 49.80 g/t gold from the V55 vein in hole 17-CT-459 
 
   -- 0.86 m of 41.85 g/t gold from the 106-16 vein in hole 17-CT-459 
 
   -- 1.05 m of 53.64 g/t gold from the Mullan-S vein in hole 17-CT-470 
 
   -- 0.70 m of 73.89 g/t gold from the Crow vein in hole 17-CT-471 
 
 
   Patrick F.N. Anderson, Dalradian's President and CEO, commented: 
 
   "These high-grade infill drill results support delivery of a positive 
resource update in Q2 2018, which will then feed into an updated 
feasibility study planned for Q3 2018." 
 
   Details of drilling at Curraghinalt 
 
   Results are being reported for 16 drill holes for a total of 6,798 
metres. 13 holes were drilled from underground and are in the central 
part of the Curraghinalt deposit (see plan map and cross section at 
http://www.dalradian.com/news-and-events/news-releases/news-releases-details/February-20-2018-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 will likely result in the conversion 
of resource ounces from the Inferred to the Indicated category. 
 
   These intercepts correlate with and improve the current geological model 
with respect to the continuity and smoothness of the individual vein 
wireframes. 
 
   Selected Curraghinalt Drill Intersections 
 
 
 
 
                           From            Width     Au       Vein     Drill 
  Hole ID    Azimuth/Dip    (m)    To (m)   (m)     (g/t)    System   Campaign 
 17-CT-445       184/-52      100  100.62    0.62    34.35       T17    Infill 
                                                                Slap 
 17-CT-445       184/-52   232.62  232.94    0.32    69.70      Shot    Infill 
 17-CT-445       184/-52   294.43  295.15    0.72    24.32       V75    Infill 
 17-CT-445       184/-52   340.72  341.16    0.44   318.00      Bend    Infill 
 17-CT-445       184/-52   343.46  343.78    0.32    48.90      Bend    Infill 
 
 17-CT-452       211/-67    56.95   57.29    0.34   216.00      No.1    Infill 
 
17-CT-458a       219/-85    379.9  380.75    0.85    31.77      Bend    Infill 
 
 17-CT-459       180/-71   132.49  133.63    1.14    45.54       T17    Infill 
 17-CT-459       180/-71   178.56  178.89    0.33    66.50     V55-S    Infill 
 17-CT-459       180/-71   182.31  183.04    0.73    49.80       V55    Infill 
 17-CT-459       180/-71   193.74  194.35    0.61    29.08      No.1    Infill 
 17-CT-459       180/-71   255.87  256.73    0.86    41.85    106-16    Infill 
                                                                Slap 
 17-CT-459       180/-71   259.51  259.76    0.25   131.50      Shot    Infill 
                                                                Slap 
 17-CT-459       180/-71   298.62  298.88    0.26    55.10    Shot-S    Infill 
 17-CT-459       180/-71   348.66  349.02    0.36    32.30       V75    Infill 
 
 17-CT-467       208/-84     88.2   88.78    0.58    42.68    106-16    Infill 
 
17-CT-467a       208/-84    92.03   93.07    1.04    18.38    106-16    Infill 
                                                                Slap 
17-CT-467a       208/-84   118.93  119.18    0.25    45.40      Shot    Infill 
 
 17-CT-468       213/-52   163.12  163.47    0.35    26.90       V75    Infill 
 17-CT-468       213/-52   303.24  303.94    0.70    20.23      Crow    Infill 
 
 17-CT-469       212/-82     73.4   74.14    0.74    20.78      No.1    Infill 
 17-CT-469       212/-82    149.1  149.81    0.71    22.33    106-16    Infill 
 
17-CT-469a       212/-82    72.81   73.29    0.48    62.00      No.1    Infill 
17-CT-469a       212/-82    312.6  312.87    0.27    60.50      Bend    Infill 
 
 17-CT-470       201/-50   259.65  259.92    0.27    46.30      Road    Infill 
 17-CT-470       201/-50   465.63  466.68    1.05    53.64  Mullan-S    Infill 
 17-CT-470       201/-50   471.64  472.04    0.40    29.60    Mullan    Infill 
 
 17-CT-471       202/-50   281.25  281.65    0.40    31.10      No.1    Infill 
                                                                Slap 
 17-CT-471       202/-50   354.95  355.22    0.27    61.30    Shot-S    Infill 
 17-CT-471       202/-50   455.75  456.45    0.70    73.89      Crow    Infill 
 
 17-CT-473       208/-61    75.18   75.45    0.27    54.80  106-16-S    Infill 
 17-CT-473       208/-61   106.07  106.97    0.90    33.33    106-16    Infill 
 
                                                                Slap 
 17-CT-474       208/-90   195.33   195.6    0.27    70.00    Shot-S    Infill 
 17-CT-474       208/-90   208.97  209.26    0.29   117.00       V75    Infill 
 17-CT-474       208/-90   303.48  303.98    0.50    20.83      Bend    Infill 
 17-CT-474       208/-90   339.35  340.45    1.10    24.70      Crow    Infill 
 
 17-CT-475       200/-62   361.97  362.25    0.28    29.90  Mullan-S    Infill 
 17-CT-475       200/-62   367.17  367.67    0.50    65.65    Mullan    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. Accordingly, there are two drill holes, 17-CT-458 
      and 17-CT-460, that are not listed in the above table even though they 
      intercepted the projected veins 
 
 
   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. 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 
 
   [phone] 
 
   [e-mail] 
 
   Grant Thornton UK LLP (Nominated Adviser) 
 
   Philip Secrett / Richard Tonthat 
 
   [phone] 
 
   Numis Securities Limited (Broker) 
 
   John Prior / James Black / Paul Gillam 
 
   [phone] 
 
   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. 
 
   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

February 20, 2018 02:00 ET (07:00 GMT)

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