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Alderan Resources Ltd.
Summary
| Project: | Frisco | |
|---|---|---|
| Deposit: | Cactus Mine | |
| Location: | United States | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 12/15/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-12-2017: Alderan Resources Ltd. announces an Exploration/Drilling Update report for its Cactus Mine deposit at the Frisco project. Drilling results incl. 150.8m @ 0.36% Cu, 0.08g/t Au, 3.2g/t Ag from 147.2m. Alderan Resources Limited (ASX: AL8) is plea | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brian Kay (Internal) | |
| ABSTRACT: | Alderan Resources Limited (ASX: AL8) is pleased to announce that initial results from a continuing 10,000m diamond drilling program at the Cactus Mine, part of the Company’s Frisco Project in Utah, USA, has confirmed wide intervals of copper. Drillholes ALCA001 and ALCA002 were designed to test the upper and lower extents of the Cactus Mine in the vicinity of recorded historical workings, and to test for mineralisation around the underground stopes. Both holes recorded significant intercepts of copper-gold-silver mineralisation. The first hole, ALCA001, was completed to a depth of 206m and intersected copper (chalcopyrite) associated with pyrite/chalcopyrite veining from 77m downhole, with filled stopes intercepted from 84.9m to 94.4m downhole and from 100.5m to 107.1m. The pillar between the first and second stopes (94.4m to 100.5m) contains pyrite/chalcopyrite veins and stockwork tourmaline breccia. Hole ALCA002 was completed to a depth of 403.15m with pyrite/chalcopyrite mineralisation noted from 148m to 298m. Both suphide veins, and quartz-tourmaline-pyrite-chalcopyrite breccia styles are present. | |
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