|By Marketwired .||
|June 27, 2014 06:03 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/27/14 -- Aldrin Resource Corp. ("Aldrin") (TSX VENTURE: ALN) -
-- The first drill hole (ALN14-008) into the Anticline Target returned multiple intervals of uranium (U) consistent with being in the halo of strong mineralization. -- The strongest uranium mineralization intervals include 148.7 ppm U over 1.5 m and 144.8 ppm U over 2.0 m (see table below for details). -- The second hole (ALN14-009) into the Anticline Target also returned U intervals consistent with being within a mineralization halo.
Aldrin Resource Corp. is pleased to announce laboratory analytical results for uranium mineralization from the first two drill holes testing the Anticline Target on the Triple M Uranium Property, which is adjacent to Fission Uranium Corp ("Fission")'s Patterson Lake discovery. The first drill hole into the Anticline Target (ALN14-008) intersected high-count radiation zones as measured by both the down-hole gamma logger, and handheld spectrometers, as detailed in Aldrin news releases dated May 29 and June 19, 2014. Analytical results from ALN14-008 and the second hole into the Anticline Target (ALN14-009) include strong uranium mineralization over significant intervals. The most significant enrichment zones are listed in Table 1.
Drill hole ALN14-008
ALN14-008 most strongly uranium mineralized zones are: a) 53.4 ppm U over 10.0 m between 178.0 and 188.0 m, including a higher value zone of 148.7 ppm U over 1.5 m between 182.5 and 184.0 m; b) 273 ppm U over 0.5 m between 235.0 and 235.5 m; and c) 97.4 ppm U over 3.5 m between 243.0 and 246.5 m, including a higher value zone of 144.8 ppm U over 2.0 m between 243.5 and 245.5 m. A total of 24.0 m of samples greater than 25 ppm U are listed in Table 1.
Drill hole ALN14-009
ALN14-009's most enriched uranium zone is 35.9 ppm U over 2.5 m between 248.5 m and 251.0 m, including a higher enrichment zone of 69.3 ppm U between 248.9 m and 249.9 m. A total of 4.7 m of sample greater than 25 ppm U from ALN14-009 are reported in Table 1. Uranium in ALN14-009 and ALN14-008 is consistent with both being in a halo of mineralization, with ALN14-008 likely being nearer to the source.
Table 1: Uranium analytical results from drill holes ALN14-008 and ALN14-009.
ALN14-008 - first drill hole testing the Anticline Target SRC total digestion Intervals: From (m) To (m) U ppm Interval (m) ---------------------------------------------------------------------------- 178.0 188.0 53.4 ppm 10.0 m Including: 182.5 184.0 148.7 ppm 1.5 m 235.0 235.5 273 ppm 0.5 m 243.0 246.5 97.4 ppm 3.5 m Including: 243.5 245.5 144.8 ppm 2.0 m 257.0 261.0 34.3 ppm 4.0 m 268.5 270.0 38.3 ppm 1.5 m 287.5 292.0 26.3 ppm 4.5 m ALN14-009 - second drill hole testing the Anticline Target SRC total digestion ICP Intervals: From (m) To (m) U ppm Interval (m) ---------------------------------------------------------------------------- 218.2 220.5 21.1 ppm 2.3 m 239.0 240.1 64.3 ppm 1.1 m 248.5 251.0 35.9 ppm 2.5 m Including: 248.9 249.9 69.3 ppm 1.0 m 254.1 255.2 27.8 ppm 1.1 m 289.0 291.6 14.2 ppm 2.6 m
Background in the meta-sedimentary rocks in the target area is 2 ppm U or less.
Samples were selected based on elevated responses in hand-held spectrometers and the down-hole gamma logger. The 10.0 m zone of 53.4 ppm U between 178.0 and 188.0 m reported above for drill hole ALN14-008 can be compared to hand-held RS-125 spectrometer measurements (made every 0.25 m; as detailed in the news release dated May 29, 2014), which established an average of 13.8 ppm U over 10.25 m between 176.0 and 186.25 m. The high value zone of 144.8 ppm U over 2.0 m between 243.5 and 245.5 m reported above for ALN14-008 compares well to the highest down-hole logger gamma counts zone which reached 1850 counts per second (CPS) between 243.1 m and 246.2 from the down-hole logger, as reported in the news release of May 29.
Most samples were 0.5 m or less in thickness. The core was (NQ = 49 mm diameter) was split at the field camp, and sampled with 1/2 of the core bagged and delivered securely by Aldrin personnel to SRC Geoanalytical Laboratories ("SRC") in Saskatoon, which is an ISO/IEC accredited facility. SRC analyzed the samples using their ICP1 routine, which provides both partial and total digestion followed by multi-element inductively coupled plasma - optical emission spectroscopy (ICP-OES) as well as analyzing for the important pathfinder element boron (further details of analytical procedures are available on SRC's website www.src.sk.ca). Sample results were composited based on weighted averages to give the reported interval values.
Total digestion values are reported above and in Table 1. Partial digestions for the more enriched samples are close to the total digestion values. For example, partial digestion values average +90% of the total digestion values for the ten most enriched samples in drill hole ALN14-008 are between 116 ppm and 273 ppm U. Most of the uranium being released by partial digestion in the most mineralized samples is consistent with the uranium being hosted in potential ore minerals pitchblende or uraninite rather than more refractory minerals.
Boron as pathfinder element
Boron (B) is an important pathfinder element for uranium exploration, where it can occur in the mineral dravite or clay minerals derived from dravite. Strongly elevated boron values occur in drill hole ALN14-008, with the three highest values at 1700 ppm B, 1130 ppm B, and 926 ppm B. The remaining 87 samples from ALN14-008 range between 14 ppm B and 370 ppm B. Interestingly, some of the most boron enriched samples are adjacent to uranium mineralized zones, supporting boron's utility as an aid to identifying haloes to uranium mineralization. For example, the two most boron enriched samples of 1700 ppm B and 1130 ppm B respectively occur immediately adjacent to, but outside, the uranium mineralized zone of 97.4 ppm U over 3.5 m between 243.0 and 246.5 m.
Consistent with being in the halo of significant mineralization
Aldrin believes the uranium mineralization in drill holes ALN14-008 and ALN14-009 is consistent with being within a halo of uranium mineralization centered in the Anticline Target. Aldrin further believes that the analytical results and down-hole gamma logging results of ALN14-008 and ALN14-009 compare encouragingly to haloes of high-grade uranium mineralization elsewhere in the Athabasca Basin, including pre-discovery drill results from Fission Uranium Corp. ('Fission")'s spectacular Patterson Lake discovery on their PLS property located adjacent to Aldrin's property. Fission's 2012 drill program is described in the Alpha Minerals Inc ("Alpha") 43-101 technical report dated April 2013 (written for Alpha before their merger with Fission and available on www.sedar.com and the information provided below is summarized from that source. Aldrin has not verified the data reported in the 43-101 technical report. Note that Fission/Alpha reports using the same type of Mount Sopris 2PGA-1000 down-hole gamma logger used by Aldrin. In the report's description of their drill history, Fission/Alpha reports their 15th hole in 2012 (DDH PLS12-015) encountered two zones with high gamma counts of 1483 CPS and 3234 CPS, respectively, and returned highest uranium analysis of 156 ppm U and maximum boron value of 216 ppm. Fission/Alpha's 16th and last drill hole (DDH PLS12-016) of their winter-spring program was located 673 m northeast in the same conductive corridor and intersected high counts of 4197 CPS and 6032 CPS, corresponding to 208 ppm U over 3.1 m, and 224 ppm U over 7.1 m respectively, as well as a reported maximum boron value of 621 ppm B. The next autumn, Fission returned to drill their discovery hole (DDH PLS12-022) as a 10 m step out from this hole DDH PLS12-016. Aldrin recognizes that our gamma counts and uranium results are not yet as high as Fission/Alpha's DDH PLS12-016, and we also note that mineralization on Fission's adjacent PLS Property is not necessarily indicative of the mineralization on the Triple M Property. However, Aldrin is very encouraged to resume drilling after completing some high-resolution ground geophysical surveys, and believes we may be well on the way to discovery at the Anticline Target.
Johnathan More, CEO and Director remarked, "I am pleased with the strong analytical results demonstrating substantial intervals of uranium mineralization at our Anticline Target. I believe we may be well on our way to a material discovery."
Dr. Cookenboo 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.
Aldrin Resource Corp.
CEO and Director
(604) 681-0796 (FAX)
Continuous processes around the development and deployment of applications are both impacted by -- and a benefit to -- the Internet of Things trend. To help better understand the relationship between DevOps and a plethora of new end-devices and data please welcome Gary Gruver, consultant, author and a former IT executive who has led many large-scale IT transformation projects, and John Jeremiah, Technology Evangelist at Hewlett Packard Enterprise (HPE), on Twitter at @j_jeremiah. The discussion...
Nov. 27, 2015 04:15 AM EST Reads: 696
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Nov. 27, 2015 04:00 AM EST Reads: 315
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now ...
Nov. 27, 2015 04:00 AM EST Reads: 207
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, explored the value of Kibana 4 for log analysis and provided a hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He examined three use cases: IT operations, business intelligence, and security and compliance. Asaf Yigal is co-founder and VP of Product at log analytics software company Logz.io. In the past, he was co-founder of social-trading platform Currensee, which...
Nov. 27, 2015 04:00 AM EST Reads: 172
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound...
Nov. 27, 2015 02:30 AM EST Reads: 449
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true ...
Nov. 27, 2015 02:00 AM EST Reads: 514
In today's enterprise, digital transformation represents organizational change even more so than technology change, as customer preferences and behavior drive end-to-end transformation across lines of business as well as IT. To capitalize on the ubiquitous disruption driving this transformation, companies must be able to innovate at an increasingly rapid pace. Traditional approaches for driving innovation are now woefully inadequate for keeping up with the breadth of disruption and change facin...
Nov. 27, 2015 01:30 AM EST Reads: 460
The cloud. Like a comic book superhero, there seems to be no problem it can’t fix or cost it can’t slash. Yet making the transition is not always easy and production environments are still largely on premise. Taking some practical and sensible steps to reduce risk can also help provide a basis for a successful cloud transition. A plethora of surveys from the likes of IDG and Gartner show that more than 70 percent of enterprises have deployed at least one or more cloud application or workload. Y...
Nov. 27, 2015 01:00 AM EST Reads: 458
PubNub has announced the release of BLOCKS, a set of customizable microservices that give developers a simple way to add code and deploy features for realtime apps.PubNub BLOCKS executes business logic directly on the data streaming through PubNub’s network without splitting it off to an intermediary server controlled by the customer. This revolutionary approach streamlines app development, reduces endpoint-to-endpoint latency, and allows apps to better leverage the enormous scalability of PubNu...
Nov. 27, 2015 01:00 AM EST Reads: 306
Microservices are a very exciting architectural approach that many organizations are looking to as a way to accelerate innovation. Microservices promise to allow teams to move away from monolithic "ball of mud" systems, but the reality is that, in the vast majority of organizations, different projects and technologies will continue to be developed at different speeds. How to handle the dependencies between these disparate systems with different iteration cycles? Consider the "canoncial problem"...
Nov. 27, 2015 01:00 AM EST Reads: 420
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Day 2 Keynote at 17th Cloud Expo, San...
Nov. 27, 2015 01:00 AM EST Reads: 555
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Ben Perlmutter, a Sales Engineer with IBM Cloudant, demonstrated techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, faster user e...
Nov. 27, 2015 12:45 AM EST Reads: 393
Container technology is shaping the future of DevOps and it’s also changing the way organizations think about application development. With the rise of mobile applications in the enterprise, businesses are abandoning year-long development cycles and embracing technologies that enable rapid development and continuous deployment of apps. In his session at DevOps Summit, Kurt Collins, Developer Evangelist at Built.io, examined how Docker has evolved into a highly effective tool for application del...
Nov. 27, 2015 12:00 AM EST Reads: 332
I recently attended and was a speaker at the 4th International Internet of @ThingsExpo at the Santa Clara Convention Center. I also had the opportunity to attend this event last year and I wrote a blog from that show talking about how the “Enterprise Impact of IoT” was a key theme of last year’s show. I was curious to see if the same theme would still resonate 365 days later and what, if any, changes I would see in the content presented.
Nov. 26, 2015 10:00 PM EST Reads: 395
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
Nov. 26, 2015 04:00 PM EST Reads: 384