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Aldrin Resources (V.ALN) completes ground gravity survey, confirms multiple drill targets

Stockhouse Editorial
0 Comments| December 4, 2013

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Vancouver-based Aldrin Resource Corporation (TSX:V.ALN, Stock Forum) has announced completion of a ground gravity survey on their Triple M property in Northern Saskatchewan, and the news that preliminary analysis of the data confirms their existing targets as being consistent with bedrock uranium mineralization.

From a company news release posted Wednesday:

“The survey covered two parallel strong bedrock conductors previously identified from the Geotech VTEM airborne geophysical survey, and associated surface radon anomalies. Gravity anomalies were identified over the same portions of the bedrock conductors previously highlighted by radon anomalies. The gravity anomalies are relative lows reflecting the dissolution and removal of rock mass by the same basinal fluids that may also precipitate uranium. Such extensively altered gravity lows are associated with high-grade uranium mineralization in other parts of the Athabasca Basin, and are a strong addition to our already prioritized drill targets.”

The company is bullish on the prospects of their property, being as they are adjacent to the high-grade, high interest Fission-Alpha (TSX:V.FCU, Stock Forum) Patterson Lake discovery area in the Athabasca Basin.

Aldrin's CEO Johnathan More pointed to the importance of multiple-test formats zeroing in on the same locations, stating, "We are becoming more confident in our drill targets of the Triple M Property, because each survey method we employ yields coincident anomalies consistent with uranium mineralization below. Now we have drill targets supported by coincident gravity lows, radon highs, linear bedrock conductors and geological mapping."

A map of the property can be seen at https://media3.marketwire.com/docs/aln1204map.pdf

Shares in Aldrin were largely unchanged on the news though CEO More has been acquiring shares on the open market consistently over the last few months, and as recently as late November.

FULL DISCLOSURE: Aldrin Resources is a Stockhouse Publishing client, but did not pay for this article.


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