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
Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
IoT generates lots of temporal data. But how do you unlock its value? How do you coordinate the diverse moving parts that must come together when developing your IoT product? What are the key challenges addressed by Data as a Service? How does cloud computing underlie and connect the notions of Digital and DevOps What is the impact of the API economy? What is the business imperative for Cognitive Computing? Get all these questions and hundreds more like them answered at the 18th Cloud Expo...
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, will explore the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences betwee...
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
Cloud-based NCLC (No-code/low code) application builder platforms empower everyone in the organization to quickly build applications and executable processes that broaden access, deepen collaboration, and enhance transparency for all team members. Line of business owners (LOBO) and operations managers know best their part of the business and their processes. IT departments are beginning to leverage NCLC platforms to empower and enable LOBOs to lead the innovation, transform the organization, an...
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
@DevOpsSummit taking place June 7-9, 2016 at Javits Center, New York City, and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device. For more information, please visit https://www.mangoapps.com/.
SYS-CON Events announced today the Docker Meets Kubernetes – Intro into the Kubernetes World, being held June 9, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Register for 'Docker Meets Kubernetes Workshop' Here! This workshop led by Sebastian Scheele, co-founder of Loodse, introduces participants to Kubernetes (container orchestration). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, participants learn ...