Bullboard - Stock Discussion Forum Dalradian Resources, Inc. DRLDF

Metals & Mining Gold

"Dalradian Resources Inc is a gold development and exploration company. The company is based in Canada, but it is primarily involved in the acquisition, exploration, and evaluation of mineral properties in Northern Ireland. One of the company's main assets is the Curraghinalt Gold Deposit located in Northern Ireland."

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Dalradian Resources, Inc. > News - 30km Drilling Program

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Post by R_J_ on Jul 20, 2017 5:42pm

News - 30km Drilling Program

Dalradian commences 30,000 metre surface drilling program
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Dalradian Resources Inc. (TSX: DNA/AIM: DALR) ("Dalradian" or the
"Company") is pleased to announce that it has commenced its 30,000 metre surface drilling program as part of the Company’s 2017 exploration program.
At this time, there are 5 drill rigs mobilized and operating.
The surface drilling will be primarily step-out holes, with the objective of investigating extensions of the Curraghinalt deposit, which is open in all directions.
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Patrick F. N. Anderson commented:
“The 2017 work program will enhance our Curraghinalt Gold Project through new drilling,
geotechnical, geological and engineering studies.
Infill drilling from our underground program has confirmed high-grade mineralization within the existing resource envelope.
We are now stepping out of that envelope to test the extensions of those high-grade veins.
Over our seven years of exploration at Curraghinalt we have been successful in expanding the mineral resource more than seven-fold.”
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“Concurrently, results from test mining and processing of Curraghinalt mineralized material have confirmed that the deposit responds well to mechanized mining methods, ounces recovered in mining are consistently higher than predicted by the resource model and recoveries of more than 94% are achievable.”
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https://s1.q4cdn.com/162468244/files/doc_news/2017/07/DNA_PR_July-20-2017-Surface-program-commences_FINAL.pdf
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Louis James Comments
Quote:
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This is excellent news, even if it’s just FYI about the beginning of work.
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That work is major (30km of drilling is a lot), and it’s aimed towards making this already robust deposit substantial larger.
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This potential was part of our original speculation on this stock, so we’re glad to see it finally getting tested.
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More important is that though large, making it bigger would improve project economics—or get us a higher bid, should a larger company decide to buy Dalradian before it can build its mine.
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All good, . . .
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End Quote.
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RJ

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