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- Alderan Resources (AL8) successfully completes its diamond drilling program at its flagship Detroit project in the Drum Mountains region of western Utah
- Eight holes were drilled at the Drum oxide gold mine while one hole was drilled at the Mizpah oxide gold prospect
- Drilling at Drum was designed to primarily test for remnant oxide-gold mineralisation horizon while drilling at Mizpah was designed as a step-out from previously drilled hole
- Partial results have been received, which saw grades peak at 2.9 grams per tonne (g/t) gold, while the remainder are expected in May
- Alderan ends the day in the grey with shares trading at 2.4 cents
Alderan Resources (AL8) has successfully completed its diamond drilling program at its flagship Detroit project in the Drum Mountains region of western Utah.
Eight holes, for 868.8 metres, were drilled at the Drum oxide gold mine while one hole, for 164.9 metres, was drilled at the Mizpah oxide gold prospect.
Drilling at Drum was designed to primarily test for remnant oxide-gold mineralisation left when mining ceased in 1989 as well as indicate whether potential exists for down-dip extensions to the mineralised horizons.
Historical data shows that the mineralisation occurs in two stratigraphic horizons bound by two steeply-dipping faults.
Results have been received for a few holes with intersections including 16.2 metres at 1.04 grams per tonne (g/t) gold including 6.2 metres at 2.9 g/t gold, and 17.8 metres at 1.70 g/t gold including 6.6 metres at 2.5 g/t gold.
Drilling at Mizpah was designed as a step-out from previously drilled hole DD20M-006 that intersected 83 metres at 0.41 g/t gold from 35.8 metres.
Assays range up to 0.98 g/t gold and are highly anomalous, suggesting that the gold mineralised system at Mizpah could be significantly larger than previously thought.
“Our Drum drilling programme has successfully concluded without incident. Early assay results from holes 9DD22-001 and -003 have confirmed that thick and high-grade oxide gold zones remain below both the northern and southern ends of Drum’s East Pit,” Managing Director Scott Caithness commented.
“The hole at Mizpah was also an exciting result as it demonstrated that the gold mineralised system is greater than 50 metres thick 350 metres down-dip from the historically drilled deposit. This suggests that the system could be significantly larger than historically defined.”
“We are keenly awaiting the assay results for Drum holes 9DD22-004 to 008 which are expected in May, and plan to recommence drilling in August 2022.”
Alderan has ended the day in the grey with shares trading at 2.4 cents.
