New intercepts 1.17M of 44.47 g/tPress release from Marketwire
Dalradian Intercepts 1.17 Metres of 44.47 g/t of High Grade Gold at Tyrone Project
Thursday, February 03, 2011
TORONTO, ONTARIO--(Marketwire - Feb. 3, 2011) -Dalradian Resources Inc. ("Dalradian" or the "Company")(TSX:DNA)(TSX:DNA.WT) announces that three new holes from itsCurraghinalt gold deposit in Northern Ireland have intercepted eightveins. Four of the intercepts fall outside of the Company's previouslyreported NI 43-101 mineral resource estimate. Irish Drilling Limited,contracted by the Company, drilled all the reported holes. Results fromholes completed by the Major Drilling Limited rigs, which arrived inDecember 2010, are expected this month. Figures for the three holes areappended to this release and may be viewed at Dalradian's website, www.dalradian.com.
"We continue to intercept high grade results with thetwo Irish Drilling rigs we have on site," said Patrick F. N. Anderson,Dalradian's chairman and chief executive officer. "Major Drilling's tworigs are operating and are further testing the extent of the resourceenvelope at Curraghinalt."
Table 1: Assay Results
| Drill hole | From (m) | To (m) | Intercept Width (m) | True Width (m) | Intercept Elevation
(m) | Au Grade (g/t) | (Interpreted) Vein Name | Resource Infill | Resource Addition |
| CT-71 | 83.16 | 83.31 | 0.15 | 0.14 | 170 | 48.89 | Bend Zone | | Yes |
| CT-71 | 247.10 | 247.50 | 0.40 | 0.36 | 20 | 17.62 | New | | Yes |
| CT-73 | 187.20 | 188.58 | 1.38 | 1.17 | 30 | 44.47 | No. 1 | Yes | |
| CT-73 | 251.57 | 252.06 | 0.49 | 0.47 | -30 | 12.06 | 106-16 | Yes | |
| CT-74 | 16.05 | 16.35 | 0.30 | 0.29 | 160 | 73.32 | Road | | Yes |
| CT-74 | 58.81 | 60.00 | Not Recovered | | 110 | | Sheep Dip | Yes | |
| CT-74 | 189.12 | 189.37 | 0.25 | 0.22 | 60 | 110.72 | Mullan | Yes | |
| CT-74 | 251.47 | 251.97 | 0.50 | 0.45 | -10 | 31.86 | T17 | | Yes |
| CT-74 | 344.00 | 344.75 | 0.75 | 0.68 | -40 | 21.43 | No. 1 | Yes | |
| CT-74 | 365.07 | 365.63 | 0.56 | 0.51 | -70 | 53.12 | 106-16 | Yes | |
Omac Laboratories Ltd. (ISO/IEC 17025 accredited) of Loughrea, Republic of Ireland, performed the assays.
Qualified Person
Vaughan Williams, P. Geo, Eur. Geol., ProjectManager, Aurum Exploration Services, a consultant to the Company, is theQualified Person who supervised the preparation of the technical datain this news release.
Dalradian Resources Inc.: A golden opportunity in Northern Ireland
Dalradian is a Canadian-based exploration companyworking to increase its gold resources at its approximately84,000-hectare Tyrone Project, which encompasses its flagshipCurraghinalt mesothermal gold deposit, in counties Tyrone andLondonderry in Northern Ireland. Its active exploration program isunderway with four drill rigs operating at the site. Curraghinalt hostsan NI 43-101 compliant indicated mineral resource of 0.95 MT grading13.24 g/t gold for 400,000 contained ounces and inferred mineralresource of 2.46 MT grading 14.64 g/t gold for 1.16 million containedounces. Dalradian's NI 43-101 report, "A Mineral Resource Estimate forthe Curraghinalt Gold Deposit and a Review of a Proposed ExplorationProgram for the Tyrone Project, County Tyrone and County Londonderry,Northern Ireland" is dated May 10, 2010 and prepared by MiconInternational Limited. Dalradian's common shares and warrants are listedon the Toronto Stock Exchange under the symbols DNA and DNA.WTrespectively. For further information, please see www.dalradian.com.
Forward-looking Information
This news release includes certain information thatmay constitute "forward-looking information" under applicable Canadiansecurities legislation. Forward-looking information includes, but is notlimited to, statements about strategic plans, spending commitments,future operations, results of exploration, future work programs, capitalexpenditures and objectives. Forward-looking information is necessarilybased upon a number of estimates and assumptions that, while consideredreasonable, are subject to known and unknown risks, uncertainties, andother factors which may cause the actual results (includingmineralization) and future events to differ materially from thoseexpressed or implied by such forward-looking information, including therisks identified in the Company's prospectus under the heading "RiskFactors." There can be no assurance that such information will prove tobe accurate, as actual results (including mineralization) and futureevents could differ materially from those anticipated in suchinformation. Accordingly, readers should not place undue reliance onforward-looking information. All forward-looking information containedin this news release is given as of the date hereof and is based uponthe opinions and estimates of management and information available tomanagement as at the date hereof. The Company disclaims any intention orobligation to update or revise any forward-looking information, whetheras a result of new information, future events or otherwise, except asrequired by law.
To view the figures included with this release, please visit the following link: https://media3.marketwire.com/docs/DNA203a.pdf
FOR FURTHER INFORMATION PLEASE CONTACT:
Annemarie Brissenden
Dalradian Resources Inc.
Director, Investor and Corporate Relations
+1.416.572.2299
investor@dalradian.com