Aldrin Resumes Drilling on the Triple M Uranium Property
May 13, 2014 (Source: Marketwired) — Aldrin Resource Corp. (“Aldrin”) (TSX VENTURE:ALN) is pleased to report the resumption of the drill program on its Triple M Property in northern Saskatchewan. The drill was suspended on April 15th due to snow melting conditions, and is moving back to the next drill collar location today as the field site has dried out.
Aldrin’s Triple M Property is adjacent to Fission Uranium Corporation’s spectacular high-grade uranium discovery at Patterson Lake which occurs on structures parallel to our targets.
Before resumption, four holes comprising less than 25% of the planned 4,000 m drill program had been completed The completed drill holes have focussed on the Forrest Lake Fault target, and have intersected locally brecciated pelitic gneiss, with extensive chlorite and pyrite alteration. The last completed hole (ALN140-004; total depth 339.4 m) intersected two graphitic fault zones with elevated radioactivity as detected by handheld scintillometers (model RS125). At least the next four drill holes will test the same Forrest Lake Fault zone along strike, moving towards the most intense part of the basement conductive anomaly following resumption of the program. Depth to basement on the Triple M Property is shallow by Athabasca Basin standards at between 135 and 145 m.
Following completion of the next four drill tests of the Forrest Lake Fault, the program will move to the Anticline target, which features a strong sub-horizontal conductor, with coincident gravity low and radon high anomalies. The Anticline Target is on land and like the Forrest Lake Fault target will be accessible to drilling, once the ground dries out.
Samples of the pelitic gneiss, breccia, and graphitic fault zones have been delivered to the Saskatchewan Research Council laboratory in Saskatoon for analyses, and results will be reported as soon as available.
Johnathan More, Aldrin’s CEO and Director remarked, “I am excited to resume our drill program after this short break to let the ground dry out. We now get to test the most intense conductor on the Forest Lake Fault, and the even stronger conductor on the Anticline Target, knowing that both areas have the potential to yield a high-grade uranium discovery.”
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Dr. Cookenboo is 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.
ON BEHALF OF THE BOARD
Johnathan More, CEO and Director
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