Dalradian Resources Inc.

Dalradian Resources Inc.

September 16, 2010 08:51 ET

Dalradian's Expanded 40,000-Metre Drilling Program Expected to Start November 2010

Garth Earls Appointed Managing Director of Northern Irish Subsidiary

TORONTO, ONTARIO--(Marketwire - Sept. 16, 2010) - Dalradian Resources Inc. ("Dalradian") (TSX:DNA)(TSX:DNA.WT) has signed a contract with Major Drilling Group International Inc. for the completion of 40,000 metres of drilling over 24 months at its Tyrone Project in Northern Ireland. Dalradian expects the rigs to arrive at the project and begin drilling in November, adding to the two Irish Drilling Limited rigs currently operating on site.

Dalradian also announces that it has appointed Garth Earls as managing director of its wholly-owned subsidiary, Dalradian Gold Limited. Mr. Earls joins Dalradian from the Geological Survey of Northern Ireland ("GSNI"). During his tenure at GSNI, which began in 2002, he managed the award-winning Tellus project, the most concentrated geological mapping project ever undertaken in Northern Ireland; developed landscape tourism and science education initiatives; and chaired the Geosciences Committee of Royal Irish Academy from 2006 to 2009. Mr. Earls previously spent 23 years working in the exploration and mining industry. He was part of the team that discovered the Curraghinalt gold deposit in the 1980s. Mr. Earls, who officially starts with Dalradian on December 1, 2010, will be responsible for overseeing the day-to-day operations of the company in Northern Ireland.

"I'm delighted that we've taken the first step in expanding our exploration program, and to welcome Garth to the team," said Patrick F. N. Anderson, Dalradian's chairman and chief executive officer. "Garth's passion for Curraghinalt and his familiarity with the area will be critical to the successful evolution of this project. Further, the introduction of Major Drilling, which will work in conjunction with Irish Drilling, will enable us to increase the speed with which we develop our knowledge of the gold systems at the Tyrone Project."

Dalradian Resources Inc.: A golden opportunity in Northern Ireland

Dalradian is a Canadian-based exploration company working to increase its portfolio of gold and base metals 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. Our active exploration program is underway with two drill rigs operating at the site. Dalradian's common shares warrants are listed on the Toronto Stock Exchange under the symbols DNA and DNA.WT respectively.

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of applicable law. Generally, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as "plans," "expects," "budget," "scheduled," "estimates", "forecasts," "intends," "anticipates" or "does not anticipate," "believes," or variations of such words and phrases or statements that certain actions, events or results "may," "could," "would," "might" or "will be taken," "occur" or "be achieved." All forward-looking statements and forward-looking information are based on reasonable assumptions that have been made by the Corporation as at the date of such information. Forward-looking statements and forward-looking information are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Corporation to be materially different from those expressed or implied by such forward-looking statements and forward-looking information. Although the Corporation has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or forward-looking information. The forward-looking statements and forward-looking information contained in this press release are included for the purpose of providing investors with information to assist them in understanding the offering as well as the Corporation's expected financial and operational performance and may not be appropriate for other purposes. Dalradian does not undertake to update any forward-looking statement or forward-looking information that is included herein, except in accordance with applicable securities laws.

Contact Information

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