Welcome!

News Feed Item

Aldrin Intersects Additional Elevated Radiation on the Anticline Target

Highlights:

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/19/14 -- Aldrin Resource Corp. ("Aldrin") (TSX VENTURE:ALN) is pleased to report 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), 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 extending more than 2.5 km on strike (Fig. 1). It is located on Aldrin's Triple M Property which is adjacent to Fission Uranium Corporation's spectacular high-grade uranium discovery at Patterson Lake in northern Saskatchewan.

As the Company reported in a news release dated May 29, 2014 the down-hole gamma logger identified 9 zones in the upper portion of drill hole ALN14-008 between 176.6 m and 246. 2 m depth spanning in total 14.6 m which read values above 300 counts per second (CPS) over greater than 0.3 m. As detailed in the May 29 news release, the two highest count zones reached maximum values 1380 CPS (176.6 m to 183.2 m) and 1850 CPS (243.1 m to 246.2 m), where values remained above 1000 CPS over a combined drill thickness of 2.7 m. Six of the other zones had high counts above 500 CPS, and the remaining zone had a high count of 380 CPS.

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 greater than 300 CPS over a combined 10.25 m between 256.1 m and 293 m depth. There were 6 new peaks greater than 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.

Drill holes ALN14-009 and ALN14-010 were drilled to further test the Anticline Target after drill hole ALN14-080 and were completed to total depths of 293 m and 284 m, respectively. ALN14-009 was drilled 75 m west of ALN14-008, and encountered two peaks greater than 500 CPS as well as three others from 390 to 475 CPS (Table 2). The maximum peak value in ALN14-009 is 745 CPS. ALN14-010 was drilled 35 m northwest of ALN14-008, and encountered 3 peaks greater than 500 CPS (maximum value 695 CPS) plus another that reached 380 CPS. All peaks were measured using the same Mount Sopris 2PGA-1000 down-hole gamma logger described above for ALN14-008. Both ALN14-009 and ALN14-010 are dominated by variably graphitic, pelitic and semi-pelitic gneiss, with strong sericite and pyrite alteration. Alteration is similar to, but generally less intense than, drill hole ALN14-008, which is consistent with ALN14-009 and ALN14-010 being slightly further out in the mineralization halo compared to drill hole ALN14-008.

To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/aln0619fig1.pdf.

Background radiation levels are generally below 200 CPS in the meta-sedimentary rocks that dominate the drill target area. Aldrin considers intervals greater than 0.3 m thick and with greater than 300 CPS to be significant radioactive mineralization for our exploration program in the Triple M Property area. True thickness has not yet been determined for the intervals. Note that the 2PGA-1000 down-hole logger records total counts which can be derived from potassium (K), thorium (Th) or uranium (U) radiation and thus may not be directly related to uranium content in the drill core. Although a good correlation has been reported between total counts and uranium content at Fission Uranium Corp's Patterson Lake discovery, the actual radioactive source element will only be known for the Anticline discovery after chemical analysis on drill core is completed at the Saskatchewan Research Council Laboratory in Saskatoon, Saskatchewan in the coming weeks.

Johnathan More, Aldrin Director and CEO, remarked, "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."

Harrison Cookenboo, Ph.D., P.Geo. and Aldrin's Vice President Exploration and Development, 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

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.

Table 1: High-count intervals from drill hole ALN14-008:

ALN14-008 Intervals greater than 300 CPS over greater than 0.3 m from the 2PGA 1000 down-hole gamma logger.


----------------------------------------------------------------------------
From    To       Thickness                                                  
(m)     (m)      (m)                                                        
----------------------------------------------------------------------------
176.6 - 183.2 m  6.5 m     MAX = 1380 CPS greater than 1000 CPS = 0.6 m    
                                           cumulative                       
                                                                            
184.7 - 185.6 m  0.9 m     MAX = 505  CPS                                   
                                                                            
201.8 - 202.1 m  0.4 m     MAX = 550  CPS                                   
                                                                            
207.4 - 207.9 m  0.6 m     MAX = 755  CPS                                   
                                                                            
225.1 - 226.3 m  1.1 m     MAX = 880  CPS                                   
                                                                            
227.6 - 228.2 m  0.6 m     MAX = 730  CPS                                   
                                                                            
230.0 - 230.7 m  0.7 m     MAX = 380  CPS                                   
                                                                            
234.5 - 235.1 m  0.7 m     MAX = 500  CPS                                   
                                                                            
243.1 - 246.2 m  3.1 m     MAX = 1850 CPS greater than 1000 CPS = 2.1 m    
                                           continuous                       
                                                                            
256.1 - 260.0 m  3.5 m     MAX = 535  CPS                                   
                                                                            
262.8 - 264.0 m  1.2 m     MAX = 430  CPS                                   
                                                                            
268.1 - 270.0 m  1.9 m     MAX = 780  CPS                                   
                                                                            
287.7 - 290.4 m  2.7 m     MAX = 600  CPS                                   
                                                                            
292.4 - 293.7 m  1.3 m     MAX = 450  CPS                                   
                                                                            
323.3 - 323.9 m  0.6 m     MAX = 430  CPS                                   
                 ----------                                                 
                 25.8 m                                                     
----------------------------------------------------------------------------

Table 2: High-count intervals from ALN14-009 and ALN14-010


--------------------------------------------                                
From      To        Thickness                                               
(m)       (m)       (m)                                                     
--------------------------------------------                                
ALN14-009                                                                   
----------                                                                  
----------                                                                  
                                                                            
214.9  -  217.5 m   2.4 m      MAX = 505 CPS                                
                                                                            
237.9  -  238.7 m   0.8 m      MAX = 475 CPS                                
                                                                            
247.4  -  248.0 m   0.6 m      MAX = 745 CPS                                
                                                                            
252.0  -  252.7 m   0.7 m      MAX = 390 CPS                                
                                                                            
288.3  -  289.1 m   0.8 m      MAX = 395 CPS                                
--------------------------------------------                                
                                                                            
ALN14-010                                                                   
----------                                                                  
----------                                                                  
226.7  -  227.6 m   0.9 m      MAX = 525 CPS                                
                                                                            
228.9  -  229.4 m   0.5 m      MAX = 510 CPS                                
                                                                            
232.3  -  232.9 m   0.6 m      MAX = 685 CPS                                
                                                                            
281.4  -  282.0 m   0.6 m      MAX = 380 CPS                                
--------------------------------------------                                

Contacts:
Aldrin Resource Corp.
Johnathan More
CEO and Director
(604) 687-7741
(604) 681-0796 (FAX)

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Join IBM November 2 at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how to go beyond multi-speed it to bring agility to traditional enterprise applications. Technology innovation is the driving force behind modern business and enterprises must respond by increasing the speed and efficiency of software delivery. The challenge is that existing enterprise applications are expensive to develop and difficult to modernize. This often results in what Gartner calls ...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product Marketing Manager at Serena Software, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
Translating agile methodology into real-world best practices within the modern software factory has driven widespread DevOps adoption, yet much work remains to expand workflows and tooling across the enterprise. As models evolve from pockets of experimentation into wholescale organizational reinvention, practitioners find themselves challenged to incorporate the culture and architecture necessary to support DevOps at scale. In his session at @DevOpsSummit at 20th Cloud Expo, Anand Akela, Senior...
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.