- Alderan Resources (AL8) begins drilling at the Mizpah deposit within its Detroit project in Utah
- The reverse circulation drilling program will include 20 holes with the aim of confirming the presence of historical near-surface oxide gold mineralisation
- Deeper drilling is set to follow to asses down dip extensions of the potential mineralisation
- The company expects the program to wrap up in September, with initial gold assays set to be received early in quarter four of this year
- Company shares last traded at 0.9 cents at 1:38 pm AEST
Alderan Resources (AL8) has begun drilling at the Mizpah deposit within its Detroit project in Utah.
The oxide gold deposit is two kilometres north of the historical Drum oxide gold mine where drilling by Alderan returned six metres at 2.5 grams per tonne (g/t) gold within a 17.8-metre intersection grading 1.7 g/t gold.
Historical drilling at Mizpah hosts the same rocks as Drum, however, it was never developed into a mining operation and AL8 believes gold mineralisation remains at surface.
As such, this reverse circulation drilling program will include 20 holes to confirm the presence of near-surface oxide gold mineralisation.
Considering historical drill hole constrained modelling of the deposit, as well as a step-out diamond drill hole 350 metre to the northwest which intersected 69 metres at 0.18 g/t gold, the company expects the system at the deposit is “significantly larger” than historically outlined.
Deeper drilling is set to follow this round of drilling to asses down dip extensions of the potential mineralisation.
The company expects the program to wrap up in September, with initial gold assays set to be received early in quarter four of this year.
Once this round of work is complete, AL8 has planned metallurgical test work to better define gold in soil anomalies identified in a sampling program last year.
Company shares last traded at 0.9 cents at 1:38 pm AEST.