Aldrin Winter Exploration Program - 3,000 m Drill Program Approved
15 Janeiro 2014 - 9:00AM
Marketwired
Aldrin Winter Exploration Program - 3,000 m Drill Program Approved
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 15, 2014) -
Aldrin Resource Corp. ("Aldrin") (TSX-VENTURE:ALN) is pleased to
announce our winter uranium exploration plans for the 12,000
hectare Triple M Uranium Property. The center-piece of the program
are plans for at least 3,000 m drilling testing our priority
basement conductors. These basement conductor targets are located
within the southeast block ("SE block") of the Triple M Property,
which covers 1984 hectares. Aldrin's SE block is located adjacent
to the south boundary of Fission Uranium's PLS discovery property
at Patterson Lake, in the newly prospective southwestern region of
the Athabasca Basin.
The SE block target area has good access, extending to within
500 m of Saskatchewan Highway 955, which is maintained year-round.
Depth to the top of the target zone (top of basement) is expected
to be relatively shallow, ranging from 75 m to 130 m across the SE
block based on regional data compilation, including drill chips
from a 1970s drill hole located 700 m west of the SE block
boundary. Aldrin has received all required government drill permits
and is prepared to start the program by February 2014.
Winter exploration
program:
Aldrin's winter exploration program will begin with construction
of a drill road and camp by the beginning of February. Using this
access and camp, Aldrin plans to complete in-fill gravity and radon
measurements over our priority target areas to further refine drill
collar locations. Existing radon and gravity surveys were collected
at 50 m spacing on 200 m spaced lines (see Aldrin news releases
dated Nov. 14 and Dec. 4, 2013 for details on the radon and gravity
surveys, respectively: http://www.aldrinresourcecorp.com). By
in-filling those measurements in anomalous areas, Aldrin expects to
increase anomaly resolution and enhance drilling success.
Drilling will test
two priority basement conductive anomalies:
Drill target #1 is a conductive anomaly consistent with a
steeply south-dipping plane that extends more than 3.5 kilometers
striking east-northeast across the SE block. This steeply
south-dipping planar conductor is interpreted as the extension of
the Forrest Lake fault previously mapped by Saskatchewan government
geologists. The fault plane parallels the richly uranium
mineralized Patterson Lake discovery trend 10 km to the north. The
drill target #1 conductor occurs within an area of relatively low
magnetic susceptibility rocks comparable to the graphitic
metapelites that host the Patterson Lake discovery and most other
uranium mineralization in the Athabasca Basin region. Coincident
positive radon anomalies occur in a zone a kilometer in length over
or adjacent to the conductive anomaly trend. The most intense
portion of the radon anomaly was detected on two successive lines
200 m apart. A gravity low anomaly occurs coincident with the
positive radon anomaly. Such gravity lows can be caused by intense
fluid alteration of bedrock, and are associated with high-grade
uranium mineralization elsewhere in the Athabasca Basin.
In summary, Aldrin's drill target #1 represents a coincident
geology (mapped fault), magnetic, electro-magnetic, gravity and
radon anomaly that is interpreted to be a steeply south-dipping
fault plane with evidence of strong fluid alteration (given the
conductive and gravity low anomalies) and potential uranium
mineralization (given the positive radon values).
Drill target #2 is a strong conductive anomaly that extends 2.5
kilometres striking east-northeast. It is oriented parallel to both
drill target #1 described above and Fission Uranium's high-grade
discovery at Patterson Lake. This strong conductive anomaly is
consistent with a flat-lying conductor and occurs in relatively low
magnetic susceptibility rocks. It is associated with positive radon
anomalies, and a distinct gravity low trend. The strong conductive
centre is flanked by sharp magnetic contacts which may indicate
structural control. Similar features are associated with the
Patterson Lake discovery, as well as most high-grade uranium
mineralization from the Athabasca Basin.
Multiple drill holes will be used to test both drill targets
described above. The holes are expected to average about 200 m in
depth, although they may be continued deeper if the drill is
evident mineralization.
Aldrin's CEO Johnathan More states, "We believe our drill
targets on the SE block of the Triple M Property provide some of
the strongest possibilities for discovery of any that will be
tested this year by the various companies exploring the
southwestern Athabasca Basin region. We are excited to be starting
our winter program when we expect to drill our first test
holes."
Harrison Cookenboo, Ph.D., and P.Geo., is Vice President,
Exploration and Development for Aldrin, and 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 OF DIRECTORS
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.604-687-7741604-662-3904
Aldrin Resources Corp. (TSXV:ALN)
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