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Alderan Resources Ltd.
Summary
| Project: | Frisco | |
|---|---|---|
| Deposit: | Accrington | |
| Location: | United States | |
| Commodities: | Copper-Zinc-Lead-Gold-Silver | |
| Date: | 1/30/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-1-2019: Alderan Resources Ltd. announces an Exploration/Drilling Update report for its Accrington deposit at the Frisco project. Drilling results incl. 60m @ 0.22% Cu, 0.47% Zn, 5.4g/t Ag, 0.21g/t Au from 20m. Alderan Resources Limited (ASX: AL8) is pl | |
| 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. Final assays for the 2018 drilling program have been received following the completion of drilling in December. Drilling focused on copper-zinc-silver bearing garnet-magnetite skarn, before the drill rig was moved to lower ground in late November due to the risk of inclement weather, with two drill holes also completed on base and precious metal targets at Peacock and Washington. Drill holes FR18-008 and FR18-009 were drilled to the south of holes FR18-004 to FR18-007 where drilling intersected wide intervals of copper-zinc-silver including higher grade mineralisation in FR18-007, which returned 54m @ 1.4% Cu, 0.45% Zn, 0.19 g/t Au, 20 g/t Ag from 46m in hole FR18-007 associated with massive to semi-massive magnetite. FR18-008 targeted mineralised magnetite skarn approximately 300m to the south of FR18-007. The hole intersected a broad interval of mineralisation (60m @ 0.22% Cu, 0.47% Zn, 0.21 g/t Au, 5.4 g/t Ag from 20m) associated with zones of massive to semi-massive magnetite. FR18-009 was drilled to the southwest of FR18-004 to FR18-006 but intersected a fault indicating the targeted mineralised beds may be faulted off in this location. The Company decided to move the drill rig to lower ground and test the Peacock and Washington targets due to the risk that inclement weather may make access tracks to Accrington East impassable. Additional drill holes that were planned for Accrington East will now form a part of future drill programs at Accrington East. | |
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