Aldrin Reports IND Project Trench Results Including 4.05 Grams Per Tonne Gold Over 5 Metres
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Aldrin completed excavation of 682 metres of trenches on two locations on the property in late summer of 2010 (Trench 4 and Trench 5). The two trenches were designed to determine the orientation of inferred structures that were identified in a 2009 trench exploration program. The 2009 trench program suggested that the trenches may have been excavated sub parallel to the strike of sheeted structures. Trench 4 is 305-metres in length and was oriented to cross the inferred structures and Trench 4 encountered significant gold mineralization in several zones, including a select sample of a quartz-bearing structure that returned an assay of 12.46 grams per tonne gold.
A weighted average summary of a portion of Trench 4 results follow:
Location (metres) From To Length Au grams/tonne
0 5 5 1.186
56 66 10 1.02
56 76 20 0.587
58.7 59 .3 12.46
205 220 15 0.821
280 285 5 4.05
280 290 10 2.094
In addition to these results, Trench 4 contained 15 samples with results greater than 100 ppb Au. The results from Trench 4 confirm the original 2009 exploration results and Aldrin is planning follow up additional work on the IND project including extending Trench 4 to the east to determine the extent of the first anomaly encountered at the beginning of the trench which returned an assay of 1.186 grams gold per tonne. In addition to the high grade results, the trench encountered numerous lower grade continuous auriferous intervals over the entire length of the trench.
Trench 5 is located about 500 metres west of Trench 4 and is 385 metres in length and was designed to test anomalies encountered in the 2009 program. Trench 5 exposed granite and a large amount of older metasedimentary rocks that were mineralized to a weaker extent. The granite did return low grade gold assays, but no significant mineralized structures were encountered in Trench 5.
Aldrin is actively planning to excavate additional trenches during the 2011 field season and plans on following the trenching with a diamond drill program designed to test the gold anomalies encountered in the trenches.
The IND project was originally staked by Ryanwood Exploration Inc., a Shawn Ryan company. Aldrin is earning a 100% interest in the property under an option agreement with Ryanwood. The property was identified by Ryanwood as part of a regional soil reconnaissance program designed to evaluate the bedrock potential of ground which is proximal to the numerous placer operations. Following the soil sampling program by Ryanwood which identified a very large anomalous gold area, Ryanwood excavated three shallow trenches during the 2009 field season to evaluate a continuous gold-bismuth soil anomaly. The trench program verified the soil anomaly and select grab samples from the trenches returned assays of over 1 gram per tonne gold, with one sample at 3.7 grams per tonne. Geologic mapping indicated subtle zones of sheeted fractures in the granite host rock which appeared to be continuous. The host rock underlying the IND project is a biotite-garnet bearing granite with pegmatite and aplite dikes. The granite intrudes metasediments which occur as enclaves and possible roof pendants within the granite pluton. Several styles of quartz veins occur within the granite and appear to be contained within sheeted zones of undetermined width. Gold mineralization is apparently related to these sheeted zones, but may not be restricted to these zones. The deposit model appears to be that of the Fort Knox and Dublin Gulch gold deposits.
CEO Johnathan More stated, "We are extremely encouraged by these results at this stage of our program. The very large gold anomaly at IND and the high grade trenching numbers affirms we are on the right trajectory. We are pleased that Aldrin's strategy in the Yukon Territory of seeking lode gold mines in the vicinity of major placer producing areas is moving forward. We are grateful for the early guidance and continuing assistance from Shawn Ryan. We are in a strong cash position and eagerly anticipating the 2011 season."
Aldrin's disclosure of a technical or scientific nature in this press release has been reviewed and approved by Bert W. Jeffries, Aldrin's VP of Exploration and Development, who serves as a qualified person under the definition of National Instrument 43-101. The IND property represents an early stage exploration property and does not contain any mineral resources as defined by National Instrument 43-101.
Aldrin Resource Corporation is a Canadian-based mineral exploration company trading on the TSX Venture Exchange. The company is focused on the development and exploration of strategic gold properties located in Canada's rapidly developing Yukon Territory.
ON BEHALF OF THE BOARD OF DIRECTORS
Johnathan More
President and CEO
Issued Share Capital: 40,050,000
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.
Contact:
Aldrin Resource Corp.
Johnathan More, President and CEO
604-687-7741
604-662-3904
www.aldrinresourcecorp.com