Aldrin Discovers Significant Radioactive Mineralization in First Drill Hole on the Anticline Target
May 29 2014 - 8:45AM
Marketwired
Aldrin Discovers Significant Radioactive Mineralization in First
Drill Hole on the Anticline Target
Highlights:
- The first drill hole (ALN14-008) into the Anticline Target
encountered 1380 max CPS in a 6.5 m zone and max 1850 CPS in a 3.1
m zone (details below).
- 3D modelling of VTEM conductivity and ground gravity data
points to the strongest conductor being between 300 m and 400
m.
- Drill hole ALN14-008 is still drilling.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 29, 2014) -
Aldrin Resource Corp ("Aldrin") (TSX-VENTURE:ALN) is pleased to
announce the discovery of radioactive mineralization in the first
drill hole (ALN14-008) testing the Anticline Target on its Triple M
Property. Aldrin's Triple M Property is adjacent to Fission Uranium
Corporation's spectacular high-grade uranium discovery at Patterson
Lake in northern Saskatchewan.
Aldrin employed a Mont Sopris model 2PGA 1000 down-hole gamma
logger and two hand-held RS-125 Super Spectrometers to create its
field data. The down-hole gamma logger identified 9 zones between
176.6 m and 246. 2 m depth spanning in total 14.6 m which read
values above 300 counts per second (CPS) over > 0.3 m (Table 1).
The two highest count zones reached maximum values 1380 CPS (176.6
m to 183.2 m) and 1850 CPS (243.1 m to 246.2 m). Values remained
above 1000 CPS over a combined drill thickness of 2.7 m in these
two zones, as shown in Table 1. Six of the other zones had high
counts above 500 CPS, and the remaining zone had a high count of
380 CPS.
Background radiation levels are generally below 200 CPS in the
metasedimentary rocks that dominate the drill target area. Aldrin
considers intervals >0.3 m thick and with >300 CPS to be
significant radioactive mineralization for our exploration program
in the Triple M Property area. True thickness has not yet been
determined for the intervals.
The down-hole gamma logger was run at 254.3 m depth due to high
counts encountered by the hand-held RS-125 spectrometers during
preliminary examination of the drill core. Drill hole ALN14-008 is
drilling ahead to its target depth of 400 m, based on 3D modelling
of the coincident VTEM conductive and ground gravity low anomalies,
as interpreted by consulting geophysicist Christopher (Kit)
Campbell, P. Geop. The 3D modelling suggests that the conductor
anomaly strengthens between 300 and 400 m depth (Fig. 1).
It should be noted that the 2PGA 1000 down-hole logger records
total counts can possibly be derived from potassium (K), thorium
(Th) or uranium (U) radiation and thus may not be directly related
to uranium content in the drill core. However there was a good
correlation reported between total counts and uranium content at
Fission Uranium Corp's Patterson Lake discovery. The actual
radioactive source element will be confirmed for the Anticline
discovery following chemical analysis on Aldrin's drill core which
will be completed at the Saskatchewan Research Council Laboratory
in Saskatoon, Saskatchewan in the coming weeks.
To view "Table 1: High-count intervals in the first half of
drill hole ALN14-008," please visit the following link:
http://media3.marketwire.com/docs/ALN529Table1.jpg
To view "Figure 1: 3D model showing the position of drill hole
ALN14-008 on the Anticline target, as well as the position of the
Forrest Lake fault target," please visit the following link:
http://media3.marketwire.com/docs/ALN529Figure1.jpg
The hand-held RS-125 spectrometers were used to analyze the
radioactive source in drill core. Thirty-eight separate spectral
analyses were collected between 176.0 and 186.25 m at 0.25 m
intervals for 120 seconds apiece. The analyses returned an average
of 13.8 ppm uranium over that 10.25 m interval, with the two lowest
values being 8.3 ppm and 8.7 ppm U, and the two highest values
being 24.1 ppm and 28.4 ppm U. As noted in Table 1 above, A
continuous 6.5 m within this interval yielded >300 CPS on the
down-hole gamma logger, with a maximum values of 1380 CPS,
indicating that uranium provides at least a portion of the
radioactive source.
Aldrin's Triple M Property occurs on structures parallel to both
our Anticline and Forrest Lake fault targets. Aldrin tested the
Forrest Lake fault target with the first 7 holes of this initial
drill program with encouraging intersections of multiple graphitic
fault zones, some with elevated gamma ray counts. Aldrin believes
the Forrest Lake fault target also warrants considerable further
surface and drill exploration, as will be discussed in more detail
in subsequent news releases.
Harrison Cookenboo, Ph.D., P. Geo and Aldrin's Vice President of
Exploration and Development remarked "I am excited to see the first
half of the first drill hole testing our Anticline Target coming in
with such significant high counts from the gamma log, and strong
indications of uranium from the spectrometer analyses. The
remainder of hole ALN14-008, and our next drill holes promise
further excitement."
Dr. Cookenboo is a Qualified Person (QP) by the standards of
National Instrument 43-101. He is on-site directing the drill
program, 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.Johnathan MorePresident and
CEO604.687.7741604.681-0796