Dalradian Resources Inc.

Dalradian Resources Inc.

February 03, 2011 10:00 ET

Dalradian Intercepts 1.17 Metres of 44.47 g/t of High Grade Gold at Tyrone Project

TORONTO, ONTARIO--(Marketwire - Feb. 3, 2011) - Dalradian Resources Inc. ("Dalradian" or the "Company") (TSX:DNA)(TSX:DNA.WT) announces that three new holes from its Curraghinalt gold deposit in Northern Ireland have intercepted eight veins. Four of the intercepts fall outside of the Company's previously reported NI 43-101 mineral resource estimate. Irish Drilling Limited, contracted by the Company, drilled all the reported holes. Results from holes completed by the Major Drilling Limited rigs, which arrived in December 2010, are expected this month. Figures for the three holes are appended to this release and may be viewed at Dalradian's website, www.dalradian.com.

"We continue to intercept high grade results with the two Irish Drilling rigs we have on site," said Patrick F. N. Anderson, Dalradian's chairman and chief executive officer. "Major Drilling's two rigs are operating and are further testing the extent of the resource envelope at Curraghinalt."

Table 1: Assay Results

Drill hole From (m) To (m) Intercept Width (m) True Width (m) Intercept Elevation
Au Grade (g/t) (Interpreted) Vein Name Resource Infill Resource Addition
CT-71 83.16 83.31 0.15 0.14 170 48.89 Bend Zone   Yes
CT-71 247.10 247.50 0.40 0.36 20 17.62 New   Yes
CT-73 187.20 188.58 1.38 1.17 30 44.47 No. 1 Yes  
CT-73 251.57 252.06 0.49 0.47 -30 12.06 106-16 Yes  
CT-74 16.05 16.35 0.30 0.29 160 73.32 Road   Yes
CT-74 58.81 60.00 Not Recovered   110   Sheep Dip Yes  
CT-74 189.12 189.37 0.25 0.22 60 110.72 Mullan Yes  
CT-74 251.47 251.97 0.50 0.45 -10 31.86 T17   Yes
CT-74 344.00 344.75 0.75 0.68 -40 21.43 No. 1 Yes  
CT-74 365.07 365.63 0.56 0.51 -70 53.12 106-16 Yes  

Omac Laboratories Ltd. (ISO/IEC 17025 accredited) of Loughrea, Republic of Ireland, performed the assays.

Qualified Person

Vaughan Williams, P. Geo, Eur. Geol., Project Manager, Aurum Exploration Services, a consultant to the Company, 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 figures included with this release, please visit the following link: http://media3.marketwire.com/docs/DNA203a.pdf

Contact Information

  • Dalradian Resources Inc.
    Annemarie Brissenden
    Director, Investor and Corporate Relations