Aldrin Announces Uranium Laboratory Analytical Results on the Anticline Target
27 June 2014 - 8:00PM
Marketwired Canada
Aldrin Resource Corp. ("Aldrin") (TSX VENTURE:ALN) -
Highlights:
-- The first drill hole (ALN14-008) into the Anticline Target returned
multiple intervals of uranium (U) consistent with being in the halo of
strong mineralization.
-- The strongest uranium mineralization intervals include 148.7 ppm U over
1.5 m and 144.8 ppm U over 2.0 m (see table below for details).
-- The second hole (ALN14-009) into the Anticline Target also returned U
intervals consistent with being within a mineralization halo.
Aldrin Resource Corp. is pleased to announce laboratory analytical results for
uranium mineralization from the first two drill holes testing the Anticline
Target on the Triple M Uranium Property, which is adjacent to Fission Uranium
Corp ("Fission")'s Patterson Lake discovery. The first drill hole into the
Anticline Target (ALN14-008) intersected high-count radiation zones as measured
by both the down-hole gamma logger, and handheld spectrometers, as detailed in
Aldrin news releases dated May 29 and June 19, 2014. Analytical results from
ALN14-008 and the second hole into the Anticline Target (ALN14-009) include
strong uranium mineralization over significant intervals. The most significant
enrichment zones are listed in Table 1.
Drill hole ALN14-008
ALN14-008 most strongly uranium mineralized zones are: a) 53.4 ppm U over 10.0 m
between 178.0 and 188.0 m, including a higher value zone of 148.7 ppm U over 1.5
m between 182.5 and 184.0 m; b) 273 ppm U over 0.5 m between 235.0 and 235.5 m;
and c) 97.4 ppm U over 3.5 m between 243.0 and 246.5 m, including a higher value
zone of 144.8 ppm U over 2.0 m between 243.5 and 245.5 m. A total of 24.0 m of
samples greater than 25 ppm U are listed in Table 1.
Drill hole ALN14-009
ALN14-009's most enriched uranium zone is 35.9 ppm U over 2.5 m between 248.5 m
and 251.0 m, including a higher enrichment zone of 69.3 ppm U between 248.9 m
and 249.9 m. A total of 4.7 m of sample greater than 25 ppm U from ALN14-009 are
reported in Table 1. Uranium in ALN14-009 and ALN14-008 is consistent with both
being in a halo of mineralization, with ALN14-008 likely being nearer to the
source.
Table 1: Uranium analytical results from drill holes ALN14-008 and ALN14-009.
ALN14-008 - first drill hole testing the Anticline Target
SRC total digestion
Intervals: From (m) To (m) U ppm Interval (m)
----------------------------------------------------------------------------
178.0 188.0 53.4 ppm 10.0 m
Including: 182.5 184.0 148.7 ppm 1.5 m
235.0 235.5 273 ppm 0.5 m
243.0 246.5 97.4 ppm 3.5 m
Including: 243.5 245.5 144.8 ppm 2.0 m
257.0 261.0 34.3 ppm 4.0 m
268.5 270.0 38.3 ppm 1.5 m
287.5 292.0 26.3 ppm 4.5 m
ALN14-009 - second drill hole testing the Anticline Target
SRC total digestion ICP
Intervals: From (m) To (m) U ppm Interval (m)
----------------------------------------------------------------------------
218.2 220.5 21.1 ppm 2.3 m
239.0 240.1 64.3 ppm 1.1 m
248.5 251.0 35.9 ppm 2.5 m
Including: 248.9 249.9 69.3 ppm 1.0 m
254.1 255.2 27.8 ppm 1.1 m
289.0 291.6 14.2 ppm 2.6 m
Background in the meta-sedimentary rocks in the target area is 2 ppm U or less.
Samples were selected based on elevated responses in hand-held spectrometers and
the down-hole gamma logger. The 10.0 m zone of 53.4 ppm U between 178.0 and
188.0 m reported above for drill hole ALN14-008 can be compared to hand-held
RS-125 spectrometer measurements (made every 0.25 m; as detailed in the news
release dated May 29, 2014), which established an average of 13.8 ppm U over
10.25 m between 176.0 and 186.25 m. The high value zone of 144.8 ppm U over 2.0
m between 243.5 and 245.5 m reported above for ALN14-008 compares well to the
highest down-hole logger gamma counts zone which reached 1850 counts per second
(CPS) between 243.1 m and 246.2 from the down-hole logger, as reported in the
news release of May 29.
Most samples were 0.5 m or less in thickness. The core was (NQ = 49 mm diameter)
was split at the field camp, and sampled with 1/2 of the core bagged and
delivered securely by Aldrin personnel to SRC Geoanalytical Laboratories ("SRC")
in Saskatoon, which is an ISO/IEC accredited facility. SRC analyzed the samples
using their ICP1 routine, which provides both partial and total digestion
followed by multi-element inductively coupled plasma - optical emission
spectroscopy (ICP-OES) as well as analyzing for the important pathfinder element
boron (further details of analytical procedures are available on SRC's website
www.src.sk.ca). Sample results were composited based on weighted averages to
give the reported interval values.
Total digestion values are reported above and in Table 1. Partial digestions for
the more enriched samples are close to the total digestion values. For example,
partial digestion values average +90% of the total digestion values for the ten
most enriched samples in drill hole ALN14-008 are between 116 ppm and 273 ppm U.
Most of the uranium being released by partial digestion in the most mineralized
samples is consistent with the uranium being hosted in potential ore minerals
pitchblende or uraninite rather than more refractory minerals.
Boron as pathfinder element
Boron (B) is an important pathfinder element for uranium exploration, where it
can occur in the mineral dravite or clay minerals derived from dravite. Strongly
elevated boron values occur in drill hole ALN14-008, with the three highest
values at 1700 ppm B, 1130 ppm B, and 926 ppm B. The remaining 87 samples from
ALN14-008 range between 14 ppm B and 370 ppm B. Interestingly, some of the most
boron enriched samples are adjacent to uranium mineralized zones, supporting
boron's utility as an aid to identifying haloes to uranium mineralization. For
example, the two most boron enriched samples of 1700 ppm B and 1130 ppm B
respectively occur immediately adjacent to, but outside, the uranium mineralized
zone of 97.4 ppm U over 3.5 m between 243.0 and 246.5 m.
Consistent with being in the halo of significant mineralization
Aldrin believes the uranium mineralization in drill holes ALN14-008 and
ALN14-009 is consistent with being within a halo of uranium mineralization
centered in the Anticline Target. Aldrin further believes that the analytical
results and down-hole gamma logging results of ALN14-008 and ALN14-009 compare
encouragingly to haloes of high-grade uranium mineralization elsewhere in the
Athabasca Basin, including pre-discovery drill results from Fission Uranium
Corp. ('Fission")'s spectacular Patterson Lake discovery on their PLS property
located adjacent to Aldrin's property. Fission's 2012 drill program is described
in the Alpha Minerals Inc ("Alpha") 43-101 technical report dated April 2013
(written for Alpha before their merger with Fission and available on
www.sedar.com and the information provided below is summarized from that source.
Aldrin has not verified the data reported in the 43-101 technical report. Note
that Fission/Alpha reports using the same type of Mount Sopris 2PGA-1000
down-hole gamma logger used by Aldrin. In the report's description of their
drill history, Fission/Alpha reports their 15th hole in 2012 (DDH PLS12-015)
encountered two zones with high gamma counts of 1483 CPS and 3234 CPS,
respectively, and returned highest uranium analysis of 156 ppm U and maximum
boron value of 216 ppm. Fission/Alpha's 16th and last drill hole (DDH PLS12-016)
of their winter-spring program was located 673 m northeast in the same
conductive corridor and intersected high counts of 4197 CPS and 6032 CPS,
corresponding to 208 ppm U over 3.1 m, and 224 ppm U over 7.1 m respectively, as
well as a reported maximum boron value of 621 ppm B. The next autumn, Fission
returned to drill their discovery hole (DDH PLS12-022) as a 10 m step out from
this hole DDH PLS12-016. Aldrin recognizes that our gamma counts and uranium
results are not yet as high as Fission/Alpha's DDH PLS12-016, and we also note
that mineralization on Fission's adjacent PLS Property is not necessarily
indicative of the mineralization on the Triple M Property. However, Aldrin is
very encouraged to resume drilling after completing some high-resolution ground
geophysical surveys, and believes we may be well on the way to discovery at the
Anticline Target.
Johnathan More, CEO and Director remarked, "I am pleased with the strong
analytical results demonstrating substantial intervals of uranium mineralization
at our Anticline Target. I believe we may be well on our way to a material
discovery."
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Aldrin Resource Corp.
Johnathan More
CEO and Director
(604) 687-7741
(604) 681-0796 (FAX)
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