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Alderan Resources Ltd.
Summary
| Project: | Frisco | |
|---|---|---|
| Deposit: | Cactus Mine | |
| Location: | United States | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 1/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-1-2018: Alderan Resources Ltd. announces an Exploration/Drilling Update report for its Cactus Mine deposit at the Frisco project. Drilling results incl. 27m @ 1.01% Cu, 1.24g/t Au, 30.6g/t Ag from 74m. Alderan Resources Limited (ASX: AL8) is pleased to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brian Kay (Internal) | |
| ABSTRACT: | Alderan Resources Limited (ASX: AL8) is pleased to announce results from its continuing 10,000m diamond drilling program at the Cactus Mine, part of the Company’s Frisco Project in Utah, USA. Results from holes ALCA003 to ALCA005 are shown in Table 1 below. Alderan completed drillhole ALCA003 to a depth of 473.10m to test beneath historical workings and ALCA001-002. The hole intersected mineralisation within tourmaline/ chalcopyrite veins beneath the deepest level of historical workings, extending known mineralisation to depth. Drillhole ALCA004 and ALCA005 were drilled approximately 185m southeast of ALCA001/ALCA002 to test for extensions to mineralisation beyond the historical Cactus claim boundary and intersected significant widths and grades of mineralisation at shallow depth (74m), including higher gold grades. Historical mining ceased at the claim boundary due to a dispute with the then owner of the neighbouring Comet claim. Alderan’s results in ALCA004-005 confirm that mineralisation extended beyond historical claim boundaries and is likely to continue to the Comet Mine to the south-east of the Cactus Mine The increase in gold grades within ALCA004-005 is also consisent with historical drilling which intersected higher gold grades at the Comet Mine, indicating a horizontal or vertical zonation within the Cactus orebody towards higher gold grades within the Comet Mine, which lies at a higher elevation than the Cactus Mine. | |
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