Dalradian confirms high grade intercepts at Curraghinalt
Source - SMW
Dalradian Resources reports high grade intercepts from 20 drill holes in a step-out and infill drilling programme at the Curraghinalt gold deposit in Northern Ireland.
The drill programme is ongoing, with 6 drill rigs working on surface and 3 drill rigs focused underground.
Today's results include 14 step-out holes and 6 infill holes.
- Step-out: 1.85 m of 19.27 g/t gold from the Crow vein in hole 17-CT-440
- Step-out: 1.2 m of 27.31 g/t gold from the 106-16 vein in hole 17-CT-456
- Step-out: 0.74 m of 82.47 g/t gold from the V75 vein in hole 17-CT-456
- Infill: 1.38 m of 15.75 g/t gold from the V75 vein in hole 17-CT-443
- Infill: 0.26 m of 92.7 g/t gold from the Slap Shot vein in hole 17-CT-443
- Infill: 2.61m of 36.15 g/t gold from the No. 1 vein in hole 17-CT-454
- Infill: 1.29 m of 24.73 g/t gold from the Crow vein in hole 17-CT-457a
Dalradian president and chief executive Patrick F.N. Anderson said: 'Our drilling continues to deliver high grade intercepts, both within the bounds of the previous resource and up to more than 450 metres to the West.
'At this point, we have completed more than three quarters of the planned drilling and reported results from just over half of the holes.
'We are working our way through a considerable backlog of core because of the more detailed logging our geologists are doing this year to boost our understanding of the geotechnical characteristics of the deposit.
'What we have seen so far shows that there are numerous areas within the deposit that we should be able to convert to lower cost mechanized mining methods because the rock strength is much better than originally modelled.
'This work is vital to our updated feasibility study planned for Q3 2018.
'Drilling will continue into January so that we have the data we need to deliver a resource update in Q2 2018, which will also feed into the FS update.'