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
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2017 New York The 7th Internet of @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, New York. Chris Matthieu is the co-founder and CTO of Octoblu, a revolutionary real-time IoT platform recently acquired by Citrix. Octoblu connects things, systems, people and clouds to a global mesh network allowing users to automate and control design flo...
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at 20th Cloud Expo, Ed Featherston, director/senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web co...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Unsecured IoT devices were used to launch crippling DDOS attacks in October 2016, targeting services such as Twitter, Spotify, and GitHub. Subsequent testimony to Congress about potential attacks on office buildings, schools, and hospitals raised the possibility for the IoT to harm and even kill people. What should be done? Does the government need to intervene? This panel at @ThingExpo New York brings together leading IoT and security experts to discuss this very serious topic.
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.