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Alderan Resources Ltd.

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Summary

Project:

Frisco

Deposit:Accrington
Location:United States
Commodities:Copper-Gold-Silver-Molybdenum
Date:11/14/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:14-11-2018: Alderan Resources Ltd. announces an Exploration/Drilling Update report for its Accrington deposit at the Frisco project. Drilling results incl. 50.4m @ 1.4% Cu, 0.45% Zn, 20g/t Ag, 0.19g/t Au from 46m. Alderan Resources Limited (ASX: AL8) is p
Resources:x
CP/QP:[Overall Report]: John Schloderer (Internal)
ABSTRACT:Alderan Resources Limited (ASX: AL8) is pleased to provide an update on exploration at Accrington, part of the Company’s Frisco Project located in Utah, USA. Further assay results from drilling of the Accrington skarn have been received with high grade intervals of copper. The drill results provide further confidence in the potential for Accrington to host a large deposit amenable to modern low-cost bulk mining methods. Previous mapping by the Company indicates that the targeted garnet skarns, the principal host for mineralisation, are likely to extend further to the SouthWest. Current drilling is focusing on mineralised garnet skarns that outcrop from Imperial to Accrington East over approximately 1km strike. Assays confirm high grade copper at Accrington Assay results from Accrington confirm the potential of Accrington to host high grade copper mineralisation. Drill hole FR18-007 was drilled approximately 100m to the south-east from FR18-006 targeting mineralisation within the upper garnet skarn that was previously intersected by channel sampling along Drilling at Accrington is targeting a large skarn where the Company has identified potential for a largetonnage copper-zinc-silver deposit. The results confirm thick copper-zinc-silver bearing skarn across more than 500m strike. Drilling is currently taking place to the south of the Cactus Stock at Accrington East targeting the outcropping lower and upper garnet skarn in order to demonstrate the continuity of mineralised skarns to the south-west. Historical drilling and minor mining activities were previously undertaken at the Imperial Mine. Drilling was undertaken by Bear Creek Mining Company in 1967. For a full description of historical drill results, including JORC Table 1, refer to the ASX announcement “Alderan Resources expands Frisco Project” published on 19 July 2017.

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