Aldrin Drill Targets Bolstered by Ground Gravity Anomalies
December 4, 2013 (Source: Marketwired) — Aldrin Resource Corp. (“Aldrin”) (TSX VENTURE:ALN) is pleased to announce completion of our ground gravity survey on the Triple M Property in northern Saskatchewan. Preliminary analysis has identified gravity anomalies coincident with our already identified priority drill targets that are consistent with bedrock uranium mineralization. Aldrin’s Triple M Uranium Property is located adjacent to and southwest of Fission-Alpha’s Patterson Lake discovery property, in the newly prospective southwestern region of the Athabasca Basin.
The gravity survey was completed by MWH Geo-Surveys Ltd. (“MWH”), based in Kelowna, British Columbia, who collected data at 871 unique stations. The survey covered two parallel strong bedrock conductors previously identified from the Geotech VTEM airborne geophysical survey, and associated surface radon anomalies. Gravity anomalies were identified over the same portions of the bedrock conductors previously highlighted by radon anomalies. The gravity anomalies are relative lows reflecting the dissolution and removal of rock mass by the same basinal fluids that may also precipitate uranium. Such extensively altered gravity lows are associated with high-grade uranium mineralization in other parts of the Athabasca Basin, and are a strong addition to our already prioritized drill targets.
Aldrin drill targets
Aldrin has developed high-priority drill tar gets on the Triple M Property. The targets are now characterized by coincident gravity lows, basement structures, conductive anomalies, radon highs, and relative magnetic lows. The return of positive results from multiple independent geophysical, geochemical and geological data sets strengthens Aldrin’s belief in the importance of the Triple M Property drill targets.
Aldrin’s CEO Johnathan More states, “We are becoming more confident in our drill targets of the Triple M Property, because each survey method we employ yields coincident anomalies consistent with uranium mineralization below. Now we have drill targets supported by coincident gravity lows, radon highs, linear bedrock conductors and geological mapping.”
Harrison Cookenboo, Ph.D., and P.Geo., is Vice President, Exploration and Development for Aldrin, and a Qualified Person (QP) by the standards of National Instrument 43-101. He has reviewed the technical data described above and approves the contents of this news release.
Get our daily investorintel update
ON BEHALF OF THE BOARD OF DIRECTORS
Johnathan More, CEO and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the map associated with this release, please visit the following link: http://media3.marketwire.com/docs/aln1204map.pdf.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>