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Alderan Resources Ltd.
Summary
| Project: | Frisco | |
|---|---|---|
| Deposit: | Cactus Mine | |
| Location: | United States | |
| Commodities: | Copper-Gold-Silver-Molybdenum | |
| Date: | 3/29/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-3-2018: Alderan Resources Ltd. announces an Exploration/Drilling Update report for its Cactus Mine deposit at the Frisco project. Drilling results incl. 32m @ 1.24% Cu, 0.31g/t Au, 10.6g/t Ag from 61m. Alderan Resources Limited (ASX: AL8) is pleased to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Geerdts (Internal) | |
| ABSTRACT: | Alderan Resources Limited (ASX: AL8) is pleased to announce drilling has intersected further intervals of copper, gold and molybdenum at the Cactus Mine, part of the Company’s Frisco Project in Utah, USA. The drilling is part of the Company’s ongoing diamond program at Frisco. Alderan drilled diamond hole ALCA010 to the NW of the Cactus Mine and intersected 32.5m @ 1.24% Cu, 0.31g/t Au, 10.6g/t Ag, 0.04% Mo from 61m including 8m @ 3.11% Cu, 0.98g/t Au, 29.2g/t Ag. The hole is up-dip from ALCA009 which intersected a zone of copper/gold mineralisation over 49m from 45m depth plus molybdenum-bearing quartz/chalcopyrite/magnetite veins from 171m to 196m. ALCA013 drilled in a westerly direction from the same drill pad as ALCA010 and intersected 50.5m @ 0.64% Cu, 0.30g/t Au, 5.8g/t Ag and 0.02% Mo from 43.7m including 16m @ 1.35% Cu, 0.12g/t Au, 6.8g/t Ag and 0.03% Mo. Since the Cactus deposit trends approximately WNW, the drill intersections in ALCA010 and particularly ALCA013 are not perpendicular to the deposit and therefore do not represent true widths. ALCA011 and ALCA012 were both drilled at geophysical targets away from the Cactus Mine. No significant mineralisation was intersected. Drillholes ALCA014 and 015 both intersected minor gold mineralisation in the Comet Mine area. Assays are not yet available for ALCA016. Visually, the tenor of mineralisation in ALCA016 was as expected given its location near the centre of the mineralising system. A longitudinal section through the key prospects at Frisco, including the Cactus Mine, is shown in Figure 1. This also includes the geophysical interpretation (chargeability) as well as some of the planned drilling on the key Perseverance related targets (Perseverance, Accrington, Copperopolis) which is expected to commence in June 2018. | |
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