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

Dalradian Resources Inc.

April 05, 2011 10:22 ET

Dalradian Commences Regional Exploration Program on the Tyrone Project in Northern Ireland

TORONTO, ONTARIO--(Marketwire - April 5, 2011) - Dalradian Resources Inc. ("Dalradian" or the "Company") (TSX:DNA)(TSX:DNA.WT) is pleased to announce that it has commenced fieldwork on its 2011 regional exploration program in Northern Ireland. Experienced Canadian prospectors from both Ontario and Newfoundland and Labrador have arrived at site. Initial efforts will focus on areas outside the immediate vicinity of the Curraghinalt Deposit where the Company has a 40,000-metre drilling program underway.

"Prospecting has led to the main discoveries of mineralization in this part of Northern Ireland, including that of our Curraghinalt deposit," said Patrick F. N. Anderson, Chairman and CEO of Dalradian. "We have about 84,000 hectares of prospective land under license and these professionals will help us narrow in on some target areas for drilling later this year."

When Dalradian acquired the Tyrone Project it also acquired an extensive exploration database representing historic work on the property by previous operators. Included in the database are assays for drill core, samples from outcrop and float samples. Preliminary evaluation of the database indicates a population of 1078 float samples, including:

  • On license DG1, 300 samples with grades from 0.1 g/t Au to 172.9 g/t Au
  • On license DG2, 299 samples with grades from 0.1 g/t Au to 201 g/t Au and some float samples with VMS style mineralization including one grading 8.8% Zn, 1.2% Pb, 1.7 g/t Au and 8.5 g/t Ag
  • On license DG3, 246 samples with grades from 0.1 g/t Au to 209.92 g/t Au
  • On license DG4, 233 samples with grades from 0.1 g/t Au to 187 g/t Au

The teams will attempt to trace back historic occurrences of mineralized float to their bedrock sources.

Concurrent with this field program, data from the recently available government Tellus program is being processed in Toronto to identify geophysical targets for both gold and base metals mineralization. Dalradian is the first company in the Tyrone area to interpret the Tellus geophysical datasets, which became available in 2009, with reference to determining geophysical signatures possibly associated with mineralization. The Tellus project was a Northern Ireland government initiative to stimulate mineral exploration.

It is expected that the information from both prospecting and geophysical interpretation will result in drill targets for a regional drilling program to commence in the second quarter of this year.

Eur Geol Garth Earls, Managing Director, Dalradian Resources Limited, is the Qualified Person who supervised the preparation of the technical data in this news release.

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.

To view the Map associated with this release, please visit the following link: http://media3.marketwire.com/docs/ProspectingAu.pdf.

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