AL8
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Company News
Market wrap: ASX manages a heroic flat day after losing heavily at the open
After trading as much as 1.5% lower, the ASX 200 posted a heroic comeback on Friday to close the ledger virtually flat. Early losses following on from sharp falls on Wall Street based on prospects that US interest rates will stay higher for longer but there was a strong comeback which saw the ASX 200 […]
Alderan Resources picks up seven projects in Brazilian lithium hotbed
Alderan Resources (ASX: AL8) is joining the growing ranks of ASX lithium explorers in Brazil with the acquisition of seven projects in resource-rich Minas Gerais state. All seven projects are within, or to the south of, an area known as “Lithium Valley”. Alderan’s projects — Curral de Dentro, Minas Novas, Carai, Catuji, Itambacuri, Itaipe and Governador […]
Alderan Resources ready to drill historic Drum gold mine after encouraging assays
Rock chip samples from Alderan Resources’ (ASX: AL8) old Drum mine, within its Detroit project in Utah have assayed up to 10.7 grams per tonne gold. The company has now begun drill site permitting at the project which has seen no modern exploration since 1989 when the mine closed. The project lies within the larger […]
Quarterly explorers round-up – what’s been happening in the small cap space?
It was a busy September quarter in the small cap resource and energy spaces, with some major discoveries and project milestones achieved amid a strong outlook for most commodities. With rapidly rising inflation and volatile markets, the junior gold space continued to shine. Gold Gold explorers making headlines in the September quarter included: Kin Mining […]
Alderan Resources intersects thick gold zones at Mizpah prospect in Utah
US-focused explorer Alderan Resources (ASX: AL8) has received assay results from the first six holes at its Mizpah prospect, which reveal gold mineralisation begins as little as 5m from surface. The highest-grade interval was 1.5m at 3.96 grams per tonne gold, which was found in the core of the first hole drilled that assayed over […]
Rio Tinto’s Kennecott continues drilling at Alderan Resources’ Frisco project in Utah
Rio Tinto’s (ASX: RIO) subsidiary Kennecott Exploration is continuing drilling at Alderan Resources’ (ASX: AL8) Frisco copper and gold project in Utah. Hole SAWM0011 is underway and is testing a conductive anomaly identified in an induced polarisation geophysical survey of the Reciprocity-Accrington area. The anomaly is a 450m by 250m conductor, which is believed to […]
Near surface gold being targeted by Alderan Resources at Utah project
US-focused explorer Alderan Resources (ASX: AL8) has reported that all 22 holes at its Mizpah deposit in Utah traversed near surface oxidised, transition and primary sulphide bearing sediments. The program was a follow-up to drilling between 1984 and 1989, which back then returned intersections of 10.7m at 2.2 grams per tonne gold (from surface), 9.2m […]
Alderan Resources commences drilling at Mizpah oxide gold deposit
Alderan Resources (ASX: AL8) has commenced reverse circulation drilling at the Mizpah oxide gold deposit within its Detroit project in the US. The program will comprise 20-holes for 2,000m, and aims to confirm high-grade near-surface oxide gold mineralisation. Mizpah is located 2km north of the historical Drum oxide gold mine, which produced 125,000 ounces of […]
Alderan Resources reports exploration progress at Detroit gold project
Alderan Resources (ASX: AL8) has reported significant exploration progress at its flagship Detroit gold project in the US state of Utah during the June quarter. Eight diamond holes were completed at the project’s historical Drum oxide gold deposit for a total 868.6 metres, targeting a verification of modelled remnant oxide gold mineralisation. All the verification […]
Alderan Resources expands gold footprint at Detroit with tenement acquisition
Alderan Resources (ASX: AL8) has expanded the footprint of its Detroit gold project in Utah with the acquisition of another tenement that lies between the Drum and Mizpah deposits. The company executed the option with the State of Utah School and Institutional Trust Lands Administration and is required to spend US$200,000 (A$289,000) on exploring the […]
