Dalradian Resources, Inc. DRLDF

STRONG BUY, GREAT NEWS.

[stardust4]

Dalradian Recovers 54% More Gold Than Predicted in Resource Model From Two Long-Hole Test Stopes

14 Sep 2016 06:12 HE

 

Marketwire Canada - NFD

TORONTO, ONTARIO--(Marketwired - Sep 14, 2016) - Dalradian Resources Inc. (TSX:DNA)(AIM:DALR) ("Dalradian" or the "Company") announces preliminary results from two test stopes at its Curraghinalt Gold Project in Northern Ireland. Stope 1 attained an average width of 1.40 metres, with estimated dilution to the designed stope of 29% and removal of an estimated 439 ounces of gold at a grade of 13.27 g/t from 1,029 tonnes of material. Stope 2 achieved an average width of 1.33 metres, with estimated dilution of 10% to the designed stope and removal of an estimated 973 ounces of gold at a grade of 24.34 g/t from 1,244 tonnes of material (see Table 2). These results are based on extensive muck sampling. The quantity of gold in Stope 1 was 36% above the resource model estimation, while Stope 2 exceeded the resource model estimation by 73% (see Table 1). The test stoping results validate the selection of long-hole open stoping as the primary mining method at Curraghinalt and demonstrate that narrow mining widths can be achieved using mechanized methods. These results will contribute to the feasibility study that is nearing completion.

[stardust4]

IMHO. BIG POP NEXT WEEK,,,,,,THE FED WILL NOT MOVE.

[R_J_]

Dalradian Recovers 54% More Gold Than Predicted in Resource Model From Two Long-Hole Test Stopes [ Offical release with tables ] - https://www.dalradian.com/news-and-events/news-releases/news-releases-details/2016/Dalradian-Recovers-54-More-Gold-Than-Predicted-in-Resource-Model-From-Two-Long-Hole-Test-Stopes/default.aspx - Louis James Comments Quote: - This is clear, great news from Dalradian

[DivideNsputter]

I realize these miner stocks are volatile but can anyone explain why the SP is retreating so much today after the seemingly excellent news this week? Virtually every analyst has this stock rated as a buy or strong buy but something seems to be working against it. Also, I wonder why all the short interest as reported in globe and mail's bearish report in August 18th. Anyone have any thoughts? I

[Cairngorm]

I suspect that with the latest news, investors are feeling more and more confident about the feasibility study and are betting the mine will not only be viable but eventually very profitable. As such, I believe there is an orchestrated push by some to drop the stock price so that they can increase their positions. Once the study is released and the stock rockets over a several day period, those

[andrewsuds]

the stock is falling... because people are looking to add to their positions? That seems like an odd explanation. There's lots of manipulation with the juniors, but we're about to get a feasibility study, you'd be nuts to use that strategy right now. More likely, imo, people are worried about the warrants being exercises. with owners up 40% many will be unloading lots of shares and

[DivideNsputter]

Thanks to both of you for your responses. It's 11:40 am and volume is up to 2.8M The price isn't moving though which seems odd. Must be some news coming or something. If it was a massive sell off the price ought to be dropping. Will have to see if any news is announced shortly...

[RICHGUN]

DNA WEBSITE DOWN FOR MAINTENANCE!  Possibly news, unreal volume.

[DivideNsputter]

Yep, something going on here and I don't like it. 4.4M in volume at mid day, share price starting to drop and no news to speak of. Some people out there are aware of something the rest of us aren't.