Dalradian Resources Inc.
TSX : DNA
TSX : DNA.WT

Dalradian Resources Inc.

February 10, 2011 12:35 ET

Dalradian Commences Environmental Baseline Studies at Curraghinalt

TORONTO, ONTARIO--(Marketwire - Feb. 10, 2011) - Dalradian Resources Inc. ("Dalradian" or the "Company") (TSX:DNA)(TSX:DNA.WT) has selected SLR Consulting Ltd. ("SLR"), international environmental consultants, to conduct an environmental baseline study at its Curraghinalt gold deposit in County Tyrone, Northern Ireland. SLR, which is independent of Dalradian, will start the study in February 2011, and expects to complete it in the third quarter of 2012. The study's data will provide a basis for an environmental and social impact assessment of Curraghinalt.

"Our goal is to work with SLR to complete one of the best environmental baseline studies of the extractive industry in Northern Ireland," said Patrick F. N. Anderson, Dalradian's chairman and chief executive officer. "Based on its successful performance on previous projects, we have the upmost confidence that SLR will complete this project to a very high standard."

SLR has completed numerous high intensity environmental baseline studies. In Northern Ireland, SLR was the planning, environmental and technical advisor to the Irish Salt Mining and Exploration Company Ltd. for its Kilroot Underground Salt Mine. It prepared and submitted an application and environmental statement to the Planning Service of Northern Ireland in September 2009 requesting an extension to the existing mine, one of the most extensive applications ever submitted in Northern Ireland. In granting permission for the extension, the Planning Service complemented SLR on the quality of its application.

Dalradian Resources Inc.: A golden opportunity in Northern Ireland

Dalradian is a Canadian-based exploration company working to increase its gold resources at its approximately 84,000-hectare Tyrone Project, which encompasses its flagship Curraghinalt mesothermal gold deposit, in counties Tyrone and Londonderry in Northern Ireland. Its active exploration program is underway with four drill rigs operating at the site. Curraghinalt hosts an NI 43-101 compliant indicated mineral resource of 0.95 MT grading 13.24 g/t gold for 400,000 contained ounces and inferred mineral resource of 2.46 MT grading 14.64 g/t gold for 1.16 million contained ounces. Dalradian's NI 43-101 report, "A Mineral Resource Estimate for the Curraghinalt Gold Deposit and a Review of a Proposed Exploration Program for the Tyrone Project, County Tyrone and County Londonderry, Northern Ireland" is dated May 10, 2010, and prepared by Micon International Limited. Dalradian's common shares and warrants are listed on the Toronto Stock Exchange under the symbols DNA and DNA.WT respectively. For further information, please see www.dalradian.com.

Forward-looking Information

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, spending commitments, future operations, results of exploration, future work programs, capital expenditures and objectives. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results (including mineralization) and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in the Company's prospectus under the heading "Risk Factors." There can be no assurance that such information will prove to be accurate, as actual results (including mineralization) and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Contact Information

  • Dalradian Resources Inc.
    Annemarie Brissenden
    Director, Investor and Corporate Relations
    +1.416.572.2299
    investor@dalradian.com