ALR

Alder Resources Ltd. (TSX VENTURE:ALR) and Cariboo Rose Resources Ltd. (TSX
VENTURE:CRB) are pleased to report on ongoing exploration on the Canadian Creek
Project in the Whitehorse Mining District of the Yukon Territory 160 km south of
Dawson City. The property is also 50 km southeast of Underworld Resources Inc.'s
White Gold project and approximately 25 km southeast of Kaminak Gold Corp.'s
Coffee property.


A soil sampling grid has been cut and sampled, and the analytical results
indicate a series of gold and arsenic anomalies across the entire 4.0 km width
of the grid. The anomalies are defined by 20 ppb contours and individual
anomalies are up to 1.5 km in length. At a 50 ppb gold threshold the largest
anomaly is 1.2 km long and 300 m wide. The anomalies show strong linear trends
from east-west to northeasterly. Previous sampling of float in one of these
anomalies returned 6.6 g/t gold and 51 g/t silver from a piece of
quartz-arsenopyrite vein. An Induced Polarization (IP) geophysical survey was
also completed over the grid and outlined several anomalies that show the same
general trend as the soil anomalies.


A separate gold geochemical anomaly, 3.0 km southeast of the gold-arsenic
anomaly and adjacent the Casino Deposit presently being explored by Western
Copper Corporation, was defined during previous exploration on the property and
received some follow-up. An old trench (9076C) in the middle of this large
anomaly was reported to have returned 1.69 g/t gold across 10 m. The trench was
re-sampled with 5m chip/panel samples and returned 45 m of 0.33 g/t gold with an
interval of 10 m grading 0.93 g/t in the centre of the trench. A diamond drill
hole completed in 1993 located within this same anomaly is reported to have
intersected 150 metres grading 0.49 g/t gold, including 44 metres grading 0.71
g/t.


Alder has contracted Kluane Drilling, based in Whitehorse, to undertake a
drilling program on the property. Kluane is presently drilling for Western
Copper on the adjacent Casino Deposit and this provides a tremendous logistical
and cost advantage to the project.


Alder can earn a 60% interest in the Property by completing a schedule of cash
payments (totalling $250,000) to Cariboo Rose, issuing a total of 250,000 shares
in its capital to Cariboo Rose, and fulfilling designated exploration
expenditures on the property totalling $2,500,000, within specified times, all
to be completed by June 18, 2013.


G.L. Garratt, P.Geo., who is a qualified person within the context of National
Instrument 43-101, has read and takes responsibility for this news release. Bob
Johnston, P. Geol., also a qualified person within the context of National
Instrument 43-101, is supervising the project work in the field. Analysis was
performed by Acme Analytical Laboratories, a certified facility in Vancouver,
BC, using multi-element (ICP-MS) Aqua Regia Digestion (1D) procedures, with gold
and silver values determined using fire assay procedures.

(TSXV:ALR)
Historical Stock Chart
From Jun 2024 to Jul 2024

(TSXV:ALR)
Historical Stock Chart
From Jul 2023 to Jul 2024