Aldrin Closes Non-Brokered Private Placement and Increases Drill Program to 4,000 Meters
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VANCOUVER, BC--(Marketwired - Mar 13, 2014) - Aldrin Resource Corp ("Aldrin") (
Proceeds from the Financing and FT Financing will be used to drill test Aldrin's priority uranium drill targets on the Triple M Property. The drill camp is currently being constructed and it is anticipated that drilling will commence within a few days. Additionally, the drill program has been increased up to as much as 4,000 m from the previously announced 3,000 m. The targets are coincident structure, radon, magnetic, basement conductor and gravity anomaly signatures, consistent with uranium deposits elsewhere in the Athabasca Basin, including Fission Uranium Corp.'s spectacularly high-grade discovery at Patterson Lake. Aldrin believes that the coincidence of multiple geological, geophysical and geochemical indications make these drill targets among the strongest possibilities for discovery in the region.
Aldrin's CEO Johnathan More states, "We are excited to drill test our coincident geological, geochemical and geophysical targets, which are precisely parallel to Fission's spectacular high-grade uranium discovery at Patterson Lake."
About Aldrin Resource Corp.
Aldrin Resource Corp. is a Canadian-based uranium exploration and development company trading on the TSX Venture Exchange (symbol ALN). The company has assembled and exceptional exploration property portfolio in one of the most exciting uranium exploration regions in the world, the Patterson Lake District, Saskatchewan. Aldrin will continue to identify high-grade basement uranium deposits like those found in the Athabasca Basin.
Contact
Aldrin Resource Corp.
Suite 202, 837 West Hastings Street
Vancouver, B.C.
V6C 3N6
Telephone: (604) 687-7741
Facsimile: (604) 681-0796