Aldrin Resource Corp. (TSXV:ALN) reported new intersections of radioactive mineralization in the second half of the first drill hole, ALN14-008, testing the anticline target, as well as in both subsequent drill tests (ALN14-009 and ALN14-010). Results are based on field data from a Mount Sopris model 2PGA-1000 down-hole gamma logger. The anticline target is a coincident basement conductor, gravity low and structural feature that extends more than 2.5 km on strike, and is located on Aldrin’s Triple M Property, adjacent to Fission Uranium’s high-grade uranium discovery at Patterson Lake in Saskatchewan.
As quoted in the press release:
Subsequent to the May 29 news release, drill hole ALN14-008 continued drilling to a total depth of 416 m. The drill hole intersected an additional 5 zones with >300 CPS over a combined 10.25 m between 256.1 m and 293 m depth. There were 6 new peaks >500 CPS, with the highest reaching 800 CPS at 325.5 m depth (Table 1). The high-count zones in drill hole ALN14-008 occur within intensely altered, locally graphitic and garnetiferous, pelitic and semi-pelitic gneiss. Alteration is clay-rich in the upper part of basement (interpreted as paleoregolith) with local strong hematite staining and is dominated by sericite and pyrite throughout the radioactively mineralized zones. Dravite occurs locally.
Aldrin CEO, Johnathan More, said:
I am very encouraged with the strong results from our first drill tests of the Anticline Target. I anticipate even more remarkable results when we return to drilling immediately following our high-resolution surface geophysics and geochemistry.
Get Our Expert Guide to Uranium Investing FREE!Download this FREE Special Report, Uranium Future Outlook: Uranium Price Forecasts and Top Uranium Stocks to Watch