Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Dalradian Resources continues to extend the known mineralization at its Curraghinalt Deposit in County Tyrone, Northern Ireland. Results from 6 step out holes and 1 infill hole are reported for a total of 15 intercepts greater than 5 gram metres.
“Our four rig drill program continues to pick up the pace with over 3500 metres of drilling in seven holes reported in this release,” says Patrick F. N. Anderson, Company CEO and Chairman, “To put this in perspective, we have completed just over 10,000 metres in 31 drill holes since going public last August. We expect another two drill rigs to arrive on site this summer to further enhance the exploration program.”
As part of the company’s step out drilling program, the main resource veins continue to be intersected at predicted depths and the Bend and Crow veins (not included in the previously reported 43-101 resource) are providing high grade intersections. An infill drill hole on the T17 vein intercepted 2.06m grading 111.66 g/t gold.
