Dalradian Resources Reports Assays from 14,673 Metre Curraghinalt Drill Program Including 13.8g/t Au over 3.35m, 10.43g/t Au over 3.75m and 22.83g/t Au over 1.48m

(firmenpresse) - Dalradian Resources Reports Assays from 14,673 Metre Curraghinalt Drill Program Including 13.8g/t Au over 3.35m, 10.43g/t Au over 3.75m and 22.83g/t Au over 1.48m

TORONTO, ONTARIO - (May 2, 2012) - Dalradian Resources Inc. ("Dalradian" or the "Company") (TSX:DNA) has received final assays from outstanding drill holes from the 2011 and first quarter 2012 program at its Curraghinalt Deposit in County Tyrone, Northern Ireland. 54 drill holes are reported with 43 infill, and 11 step-out holes.

Drill results for the infill drilling are broadly consistent with the modelled and reported resource (PR November 30, 2012) while the step-out drilling continues to extend known mineralization along strike and down dip as well as delineating new mineralized veins.

The deposit remains open along strike, down dip and across strike.

These results mark the end of the current phase of surface infill drilling at the Curraghinalt deposit. For the next phase of the infill program, an application has been submitted to enable underground drilling from the existing workings, which we expect to commence end of Q3 this year.

Additional surface drilling will commence on July 1, 2012, following the completion and integration of on-going structural, geophysical, geochemical and geological studies to better understand and target high priority areas in the Curraghinalt trend.

Table 1: Selected drill results

Please follow the link to view the entire news including tables and figures:
http://www.irw-press.com/dokumente/Dalradian_02052012_ENGLISH.pdf


Curraghinalt Step-Out Drilling

Step-out drilling, has expanded the potential resource envelope by 260m along strike on the T17, over 200m down dip on the 106-16 in some areas, 780m along strike and 200m up dip on portions of the Sheep Dip, and up to 240m down dip on the Bend. In addition, several new veins have been identified to the south of the known mineralization

Hole 11-CT-100

Tests the area between Attagh Burn and the central resource area. This hole is the second (steeper) of a scissor pair from the same collar as 11-CT-95. The hole intersected the No.1 vein as expected as well as extended the Bend by 240m down dip and 70m along strike and the T17 260m along strike from the latest resource.

Hole 11-CT-101a

This hole tests the up dip extension (480m) of mineralization identified in hole 11-CT-99, over 400m along strike to the east of the resource. Several mineralized zones were encountered. This hole confirms the up-dip continuity of mineralization on the eastern most line of drilling at Curraghinalt.

Hole 11-CT-103

Planned to test the down dip extensions of the mineralization on the eastern edge of the resource, this hole intercepted both the Crow, 3.11g/t Au over 1.9m, and Bend veins, 3.52g/t Au over 1.66m. Extending mineralization160m down dip from 11-CT-98. It also intersected five new veins to the south of the Crow including 155.14g/t Au over 0.2m and 4.27g/t Au over 2.8m. The latest resource includes the Crow intersection, but none of the other veins.

Hole 11-CT-104

Intended to target the down dip extensions of mineralization below the central portion of the resource, hole 11-CT-104 intersected both the Mullan, 43.63g/t Au over 0.16m, and T17 veins, 8.01g/t Au over 1.46m. The intercepts are 200m down dip of previous drilling and the most recent resource.

Hole 11-CT-105

This hole is a scissor below hole 11-CT-99 on the eastern most section at Curraghinalt. It is interpreted to have intersected the Sheep Dip vein approximately 780m east of the current resource with an intercept of 14.57g/t over 0.43m. A second was vein intersected approximately 80m south of the interpreted position of the Crow vein and returned 9.14g/t Au over 0.87m.

Hole 11-CT-152

This hole is a 100m step-out to the south of previous drilling and targeted coincident geophysical and geochemical anomalies. Four veins were intercepted demonstrating the continuation of the system to the south. Results included 8.97 g/t Au over 0.64m.

Infill Drilling

Infill drilling within the central portion of the deposit is expected to increase confidence in the resource without significantly altering the grade and tonnes.


Table 2: Results from holes 11-CT-100 to 11-CT-152

Please follow the link to view the entire news including tables and figures:
http://www.irw-press.com/dokumente/Dalradian_02052012_ENGLISH.pdf


Qualified Person

Damien Stephens, BSc.(hons), M.AIG, M.AusIMM, Exploration Manager, Dalradian Resources Inc., is the Qualified Person who supervised the preparation of the technical data in this news release.

Drill core was halved with samples averaging ranging between 0.1 and 0.25 metres in ore and up to 0.5 metres in wall rock were submitted to Omac in the Republic of Ireland. Rigorous quality assurance and quality control procedures have been implemented including the use of blanks, standards and duplicates. Core samples were analyzed by a 30 gram gold fire assay with an atomic absorption, conventional gravimetric and/or screen fire techniques.


About Dalradian Resources Inc.:

Dalradian Resources Inc. is a TSX-listed, Canadian based exploration company engaged in the acquisition, exploration and development of gold, base metals and other precious metals projects. With a European focus, our most advanced property is in Northern Ireland and focuses on and around the high-grade mesothermal gold deposit, Curraghinalt.

The Company’s wholly owned subsidiary, Dalradian Gold Limited, holds a 100% interest, subject to certain royalties, in mineral prospecting licences and mining lease option agreements in counties Tyrone and Londonderry, Northern Ireland. The Department of Enterprise, Trade and Investment (“DETI”) and the Crown Estate Commissioners (“CEC”) have together granted to Dalradian base and precious metal mineral exploration rights to four contiguous areas collectively known as the Tyrone Project.

Dalradian’s flagship deposit, Curraghinalt hosts an NI 43-101 compliant measured mineral resource of 0.02 MT grading 21.51 g/t gold for 10,000 contained ounces, indicated mineral resource of 1.11 MT grading 12.84 g/t gold for 460,000 contained ounces and inferred mineral resource of 5.45 MT grading 12.74 g/t for 2,230,000 contained ounces. Dalradian’s NI 43-101 report, “An updated Mineral Resource Estimate for the Curraghinalt Gold Deposit, Tyrone Project, County Tyrone and County Londonderry, Northern Ireland” is dated January 10, 2012 and effective November 30, 2011, prepared by Messrs. Hennessey and Mukhopadhyay of Micon International Limited, and is available on SEDAR at www.sedar.com.

Dalradian is preparing a preliminary economic assessment for the Curraghinalt deposit, while also carrying out an active exploration program on the surrounding 84,000 hectares of exploration licenses.

In Norway, Dalradian holds mineral rights for approximately 1.7 million hectares over four greenstone belts including an area hosting an historic silver mining district. Dalradian is actively engaged in data acquisition and analysis in advance of an early stage exploration program in Norway.

Dalradian's Common Shares are listed on the Toronto Stock Exchange under the symbol “DNA”. For further information, please see www.dalradian.com.


For more information, please contact:

Dalradian Resources Inc.
Shae-Lynn Mathers
Director, Investor Relations
+1.416.583.5622
investor(at)dalradian.com
www.dalradian.com


FORWARD-LOOKING INFORMATION

This news release contains “forward-looking information” which may include, but is not limited to, statements with respect to the estimation of mineral resources. Often, but not always, forward-looking statements can be identified by the use of words and phrases such as “plans,” “expects,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates,” or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved.

Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are based on various assumptions.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; actual results of reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of metals; possible variations of ore grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; political instability; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled “Risk Factors” in the Company’s annual information form. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.


Please follow the link to view the entire news including tables and figures:
http://www.irw-press.com/dokumente/Dalradian_02052012_ENGLISH.pdf

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Datum: 03.05.2012 - 02:24 Uhr
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