Aldrin Provides Drilling Update-Strong Alteration and Graphitic Fault Zone With Elevated Counts in First 4 Drill Holes
22 Abril 2014 - 10:00AM
Marketwired
Aldrin Provides Drilling Update-Strong Alteration and Graphitic
Fault Zone With Elevated Counts in First 4 Drill Holes
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 22, 2014) -
Aldrin Resource Corp. ("Aldrin") (TSX-VENTURE:ALN) is pleased to
report that the initial four (4) drill holes on its Triple M
Property in northern Saskatchewan have intersected alteration,
structures, and breccias zones within a metasedimentary rock
succession including elevated radioactivity counts in a graphitic
fault zone. Such encouraging results are consistent with possible
nearby mineralization. The drill started turning on March 25, and
after completing the fourth hole is now temporarily suspended for
snow melt, but is expected to resume within as little as 2 weeks as
the weather warms and the field site dries out. To date, less than
25% of the planned 4,000 m drill program has been completed.
Aldrin's Triple M Property is adjacent to Fission Uranium
Corporation's spectacular high-grade uranium discovery at Patterson
Lake which occurs on structures parallel to our targets.
The completed drill holes have focussed on the Forrest Lake
Fault target, and have intersected locally brecciated pelitic
gneiss, with extensive chlorite and pyrite alteration. The last
completed hole (ALN140-004; total depth 339.4 m) intersected two
graphitic fault zones with elevated radioactivity as detected by
handheld scintillometers (model RS125). At least the next four
drill holes will test the same Forrest Lake Fault zone along
strike, moving towards the most intense part of the basement
conductive anomaly following resumption of the program. Depth to
basement on the Triple M Property is shallow by Athabasca Basin
standards at between 135 and 145 m.
Following completion of the next four drill tests of the Forrest
Lake Fault, the program will then move to the Anticline target,
which features a strong sub-horizontal conductor, with coincident
gravity low and radon high anomalies. The Anticline Target is on
land and like the Forrest Lake Fault target will be accessible to
drilling, once the ground dries out.
Samples of the pelitic gneiss, breccia, and graphitic fault
zones have been delivered to the Saskatchewan Research Council
laboratory in Saskatoon for analyses, which will be reported as
soon as available.
Harrison Cookenboo, Ph.D., P. Geo and Aldrin's Vice President of
Exploration and Development remarked, "I am pleased that we have
intersected encouraging chlorite, pyrite and hematite alteration,
as well as graphitic fault and breccias zones already in our first
few drill holes. With less than 25% of the drill program completed,
we are seeing the basement conditions consistent with possible
nearby mineralization. I remain very encouraged regarding what we
may discover when we resume drilling after the snow melts over the
next couple weeks."
Dr. Cookenboo is a Qualified Person (QP) by the standards of
National Instrument 43-101. He has reviewed the technical data
described above and approves the contents of this news release.
ON BEHALF OF THE
BOARD
Johnathan More,
CEO and Director
Neither the
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
Aldrin Resource Corp.(604) 687-7741(604) 681-0796
Aldrin Resources Corp. (TSXV:ALN)
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