Aldrin Resource Corp.
TSX VENTURE : ALN

Aldrin Resource Corp.

December 07, 2010 09:01 ET

Aldrin Reports IND Project Claim Block Expansion

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 7, 2010) - Aldrin Resource Corp. ("Aldrin") (TSX VENTURE:ALN) is pleased to announce an additional 188 claims were staked and recorded on Aldrin's 100-per-cent-owned IND gold project located in the Klondike mining district of the Yukon Territory. This enlarges the claim block to approximately 4,700 hectares within 324 claims 38-kilometers south of Dawson in the heart of the prolific Klondike mining district.

Aldrin staked the additional claims as a result of positive results obtained from a trenching program completed in October 2010. The 2010 program confirmed the high values obtained in the 2009 trenching and geologic mapping program and determined the orientation of inferred structures that were identified in the 2009 exploration program. The additional claims were staked to cover the projection of a magnetometer anomaly that may reflect the orientation of the Jim Creek pluton that hosts the gold mineralization encountered in the past trenching programs. Channel chip sampling from the 2010 trenches returned several samples with gold values above 1 gram per ton with one grab sample of silicified, fractured and quartz-bearing host rock returning values of 12.46 grams per ton gold over .3 metres.

A weighted average summary of some of the higher grade results from Trench 4 follows:

Location (metres) From To Length Au grams/ton
         
  0 5 5 1.186
  56 66 10 1.02
  56 76 20 0.587
  58.7 59 .3 12.46
  205 220 15 0.821
  280 285 5 4.05
  280 290 10 2.094

In addition to these results, Trench 4 contained 15 samples with results greater than 100 ppb Au. The results from Trench 4 confirm the original exploration results and the company intends to follow up with additional work on the IND project including extending Trench 4 to the east to determine the extent of the first anomaly encountered at the beginning of the trench which returned an assay of 1.186 grams gold per ton. In addition to the high grade results, the trench encountered numerous lower grade continuous auriferous intervals over the entire length of the trench.

The IND project was originally staked by Ryanwood Exploration Ltd. ("Ryanwood"), a Shawn Ryan company, and Aldrin holds an option to earn a 100% interest in the property. The project is accessible by vehicle on good secondary roads. The property was originally identified by Ryanwood as part of a regional soil reconnaissance program designed to evaluate the bedrock potential of ground which is proximal to numerous placer operations including the Indian River Placers and the Bonanza/El Dorado Creek placers. Following the soil sampling program which identified a large anomalous gold area, Ryanwood excavated three shallow trenches during the 2009 field season to evaluate a continuous gold-bismuth soil anomaly. The trench program verified the soil anomaly and select grab samples from the trenches returned assays of over 1 gram per ton gold, with one sample at 3.7 grams per ton. Geologic mapping indicates subtle zones of sheeted fractures in the granite host rock which appear to be continuous. The host rock underlying the IND project is a biotite-garnet bearing granite with pegmatite and aplite dikes. The granite intrudes metasediments which occur as enclaves and possible roof pendants within the granite pluton. Several styles of quartz veins occur within the granite and appear to be contained within sheeted zones of undetermined width. Gold mineralization is apparently related to these sheeted zones, but may not be restricted to these zones.

To better understand the orientation and extent of the highly anomalous gold structures encountered in the 2010 program, Aldrin intends to excavate additional trenches during the 2011 field season and plans on following the trenching with a diamond drill program designed to test the high grade gold anomalies encountered in the trenches.

Aldrin's disclosure of a technical or scientific nature in this press release has been reviewed and approved by Bert W. Jeffries, Aldrin's VP of Exploration and Development, who serves as a qualified person under the definition of National Instrument 43-101. The IND property represents an early stage exploration property and does not contain any mineral resources as defined by National Instrument 43-101.

Aldrin Resource Corporation is a Canadian-based mineral exploration company trading on the TSX Venture Exchange. The company is focused on the development and exploration of strategic gold properties located in Canada's rapidly developing Yukon Territory.

ON BEHALF OF THE BOARD OF DIRECTORS
"Johnathan More"
Johnathan More, President and CEO

Issued Share Capital: 40,050,000

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.

Contact Information

  • Aldrin Resource Corp.
    Johnathan More
    President and CEO
    604-687-7741
    604-662-3904 (FAX)