Heatherdale Announces Positive Exploration Results From the Delta VMS Project, Alaska
Drill Hole 2011-154 intersects 43.9 feet of 0.56% Cu, 5.21% Zn, 2.36 % Pb, 1.56 g/t Au, and 85 g/t Ag
VANCOUVER, Nov. 16, 2011 /CNW/ -Heatherdale Resources Ltd. ('Heatherdale' or the 'Company')
announces results from its 2011 exploration program at the Delta Project, located in east-central Alaska about 19 miles from the Alaska Highway. Drilling and surface sampling undertaken over the past several months has reaffirmed the extensive mineralization and highly prospective nature of the Delta property.Heatherdale deployed a single drill rig in 2011 to test copper-zinc-lead-silver-gold volcanogenic massive sulphide (VMS) targets identified on the Delta property. In addition to drilling on the Mid Zone, Heatherdale's exploration team evaluated and sampled other potential targets on the property - including the DW, DDS and SC zones.
'Initial drilling has more than justified our belief that Heatherdale's extensive land position at Delta presents tremendous opportunities for delineating sizable deposits of high-grade, precious metals-enriched VMS mineralization,' said Pat Smith, Heatherdale President & CEO. 'Copper, zinc and lead bearing massive sulphides with associated gold and silver were intersected in two of the three holes successfully completed on the project this year, reaffirming the robust nature of the mineralization.'
Results from the 2011 drill program at Delta are provided in the table below; a drill hole and a sample location map are located on the website at www.heatherdaleresources.com.
____________________________________________________________________
| Drill | | From | To |Intercept |Cu %|Zn %|Pb %|Au g/t|Ag g/t|
| Hole | |(feet)|(feet)| (feet)| | | | | |
| Number | | | | | | | | | |
|________|_____|______|______|__________|____|____|____|______|______|
|2011-153| | 739.2| 814.9| 75.7|0.42|2.91|1.07| 0.99| 44|
|________|_____|______|______|__________|____|____|____|______|______|
|2011-153|incl.| 739.2| 798.0| 58.8|0.41|3.56|1.34| 1.05| 53|
|________|_____|______|______|__________|____|____|____|______|______|
|2011-153|incl.| 759.0| 794.0| 35.0|0.38|4.64|1.78| 1.24| 66|
|________|_____|______|______|__________|____|____|____|______|______|
|2011-153| | 833.0| 838.0| 5.0|0.12|0.02|2.27| 0.79| 98|
|________|_____|______|______|__________|____|____|____|______|______|
|2011-154| | 558.1| 606.2| 48.1|0.57|4.87|2.21| 1.45| 80|
|________|_____|______|______|__________|____|____|____|______|______|
|2011-154|incl.| 558.1| 602.0| 43.9|0.56|5.21|2.36| 1.56| 85|
|________|_____|______|______|__________|____|____|____|______|______|
|*2011-151 no significant results |
|*2011-152 hole was abandoned in overburden and did not achieve |
|bedrock |
|True widths have not yet been determined. |
|____________________________________________________________________|
Thirty (30) massive sulphide boulder samples and six (6) outcrop samples were also collected during the 2011 program at Delta. The boulders had an average grade of 0.91% Cu, 3.11% Zn, 3.57% Pb, 14.86 g/t Au, and 477.03 g/t Ag with high and low samples ranging as shown in the table below. A table of the complete boulder results is located on the website.
__________________________________________
|Sample Number|Cu %|Zn %|Pb %|Au g/t|Ag g/t|
|_____________|____|____|____|______|______|
| BS-07 |0.38|0.43|0.34| 0.48| 22|
|_____________|____|____|____|______|______|
| BS-15 |4.53|0.04|8.66|130.00| 1970|
|_____________|____|____|____|______|______|
The six outcrop grab samples collected had an average grade of 0.53% Cu, 5.46% Zn, 4.93% Pb, 3.62 g/t Au, and 150.16 g/t Ag. Individual outcrop sample results are provided in the table below:
____________________________________________
|Sample Number|Cu %| Zn %| Pb %|Au g/t|Ag g/t|
|_____________|____|_____|_____|______|______|
| ST-39 |1.34| 2.20| 0.59| 0.25| 28|
|_____________|____|_____|_____|______|______|
| ST-41 |0.23| 0.11| 7.89| 3.13| 273|
|_____________|____|_____|_____|______|______|
| ST-42 |0.94|11.95|11.65| 11.25| 280|
|_____________|____|_____|_____|______|______|
| ST-61 |0.33| 3.45| 1.80| 4.60| 125|
|_____________|____|_____|_____|______|______|
| ST-63 |0.09| 6.76| 4.29| 1.01| 92|
|_____________|____|_____|_____|______|______|
| ST-64 |0.29| 8.29| 3.41| 1.51| 103|
|_____________|____|_____|_____|______|______|
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. Heatherdale believes there is strong potential for expansion of known resources and for the discovery of new deposits at Delta
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 east of the Delta Project, at the confluence of the Alaska and Glenn highways. From Tok, Fairbanks is located approximately 205 miles northwest along the Alaska Highway, while 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 and 160 miles northwest of the project respectively,
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% from Grayd Resource Corporation. The Delta project complements Heatherdale's interest in the more advanced Niblack copper-gold-zinc-silver project in southeast Alaska, and provides a longer term development opportunity. Heatherdale is associated with Hunter Dickinson Inc. (HDI), a private mining group with a 25-year 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.
Heatherdale Resources Ltd.
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