Dalradian - Curraghinalt, N Ireland - Jun 2014
Andrew Jackson visited Dalradian's Curraghinalt (pronounced Currinalt) deposit in Northern Ireland in June 2014.
A PEA was completed on Curranghinalt in 2012. The resource was updated and significantly expanded in May 2014. Additional drilling and a bulk sample will be taken in the next 6 months and a PFS, including this additional information, is expected to be completed in Q1 2015. The drilling will focus on upgrading Inferred resources to Measured and Indicated, which is required in order to include those resources in a PFS.
Curraghinalt is a mesothermal vein gold deposit consisting of a series of narrow (50cm to 3m) but very high grade, sub-parallel quartz pyrite veins. Individual veins are separated by 30-100m of waste rock, so the project is envisaged to be an underground operation, rather than open pit.
The vast majority of the updated 3.492 Moz @ 9.87 g/t Au MI&I resource is contained within just 3 of the 9 veins (T17, No.1, 106-16). The current resource extends over a strike distance of ~1500m, and down to a depth of ~550m. Resources have been estimated using a 5 g/t cut off.
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