Heatherdale Initiates Drilling At Delta VMS Project, Alaska
VANCOUVER, Aug. 18, 2011 /CNW/ --
VANCOUVER, Aug. 18, 2011 /CNW/ - Heatherdale Resources Ltd.
('Heatherdale' or the 'Company') (TSXV: HTR) has commenced an initial
exploratory drilling program at the Delta Project, located in
east-central Alaska about 19 miles from the Alaska Highway. One drill
rig has been mobilized to test copper-lead-zinc-silver-gold
volcanogenic massive sulphide (VMS) targets identified on the property.
Along with the drilling program, Heatherdale's exploration team is
further evaluating and sampling a variety of other potential drill
targets on the property. Excellent progress has been achieved during
the first weeks of the program.
Commenting on the Delta exploration program, Company President & CEO
Patrick Smith stated, 'The Heatherdale technical team has done an
excellent job defining top rank targets for drill testing. These
exciting new targets are the result of detailed compilation of historic
data combined with analysis of the airborne Versatile Time Domain
Electro‐Magnetics (VTEM) geophysical survey completed over entire Delta
district in 2010. We look forward to testing these initial targets with
this first round of drilling while our exploration team continues to
generate important new targets across the property.'
The Delta Project covers an under-explored VMS district. Work by
previous operators revealed numerous occurrences of massive sulphides
in three southeast to northwesterly trending horizons that extend over
12 miles. There is strong potential for expansion of known resources
and to discover new deposits.
The 39,840-acre property is located in an area of moderate to steep
relief in east-central Alaska and hosts an airstrip suitable for
3000-lb capacity aircraft. The community of Tok is located 36 miles to
the east at the confluence of the Alaska and Glenn highways. From Tok,
Fairbanks is located approximately 205 miles northwest along the Alaska
Highway and Anchorage is located 323 miles southwest along the Glenn
Highway; both cities are significant commercial and mining service
centers. In addition, Sumitomo's Pogo gold mine and Kinross' Fort Knox
gold mine are situated about 85 miles and 160 miles northwest,
respectively, of the project.
Heatherdale Resources Ltd. is a Vancouver-based exploration and
development company focused on advancing mineral projects in Alaska.
The Company has acquired a 60% interest in the Delta Project, with the
option to acquire 100% interest. The mid-stage Delta project
complements Heatherdale's interest in the more advanced stage Niblack
copper-gold-zinc-silver project in southeast Alaska, and provides a
longer term development opportunity. Heatherdale is associated with
the Hunter Dickinson group, a private company with a track record of
successful mineral exploration and development projects around the
world.
Mark Rebagliati, P. Eng., a Qualified Person as defined under National
Instrument 43-101, is supervising the exploration and quality assurance
and quality control programs on behalf of Heatherdale and has reviewed
the content of this release.
On behalf of the Board of Directors
Patrick Smith
President & CEO
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.
This release includes certain statements that may be deemed
'forward-looking statements'. All statements in this release, other
than statements of historical facts, that address exploration drilling,
exploitation activities and events or developments that the company
expects are forward-looking statements. Although the Company believes
the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially
from those in the forward-looking statements. Factors that could cause
actual results to differ materially from those in forward-looking
statements include market prices, exploitation and exploration
successes, continuity of mineralization, potential environmental issues
and liabilities associated with exploration, development and mining
activities, uncertainties related to the ability to obtain necessary
permits, licenses and title and delays due to third party opposition,
changes in government policies regarding mining and natural resource
exploration and exploitation, continued availability of capital and
financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees of
future performance and actual results or developments may differ
materially from those projected in the forward-looking statements. For
more information on the Company, investors should review the Company's
continuous disclosure filings that are available at www.sedar.com.
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For further details on Heatherdale Resources Ltd., please visit www.heatherdaleresources.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.