Alderan Resources confirms new copper-gold prospects

Proactive - Interviews for investors

Alderan Resources Ltd (ASX:AL8 OTCMKTS: ALDRF) managing director Scott Caithness joins Jonathan Jackson in the Proactive studio after confirming the company has identified new targets at the New Years Copper-Gold Prospect in Utah, USA. Portable XRF assays of soil samples from the New Years target revealed four significant copper anomalies with grades up to 0.33%, against a background grade of 60ppm. The New Years prospect anomaly spans 400 x 250 metres with grades ranging from 120ppm to 0.33% copper. Anomaly 1, with grades up to 615ppm, is 700 metres west of New Years and aligns with a magnetic low within the composite New Years magnetic anomaly. Anomalies 2 and 3, with grades up to 444ppm and 524ppm respectively, are in the centre and southeast corner of the sampled grid. High copper assays in soils delineate the zone between the Cactus Mine and New Years, with grades up to 0.7%, coinciding with the location of historical hole NYM-1 which intersected 42.7 metres at 0.8% copper from the surface. Drill site permitting is underway for a Stage 1 four-hole (500 metres) diamond drilling program, expected to begin in late June-early July 2024. Historical drill intersections at New Years include 13.7 metres at 2.32% copper within 19.8 metres at 1.67% from 22.9 metres downhole (NY-6) and 10.7 metres at 1.52% copper within 27.4 metres at 0.85% from surface (NY-2). No exploration has been conducted at New Years since the 1960s. The soil sampling program has demonstrated that soils will be effective in prioritising 12 Cactus ‘look-a-like’ magnetic anomalies identified from 3-D inversion modelling of a drone magnetic survey. The prospect has strong potential for both primary and near-surface oxide copper mineralisation. #ProactiveInvestors #AlderanResources #ASX #CopperGoldProspect #NewYearsProspect #UtahMining #CopperExploration #SoilSampling #CactusMine #MiningAnomalies #XRFAnalysis #DrillingProgram #HistoricalDrilling #MineralExploration #MiningNews #GeologicalSurvey #ResourceDevelopment #FriscoProject #MiningTargets #OxideCopper #MagneticSurvey #MineralAssays #MiningUpdate #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews