Alderan Resources Limited (ASX:AL8) Stage 1 drilling programme at New Years copper prospect

Alderan Resources Limited (ASX:AL8) has announced the successful completion of its Stage 1 drilling programme at the New Years copper prospect in the Cactus copper-gold (Cu-Au) district in Utah, USA. The drilling programme has intersected high grade copper mineralisation based on visual inspection and pXRF readings on the drill core. Spot pXRF readings reach grades of 45.5% copper between 14.0-14.2m down hole NY2024-DDH2 with the average of three separate readings over this interval being 23.2% copper.

Executive Commentary on Stage 1 Drilling Programme

The Managing Director of Alderan, Scott Caithness, expressed excitement over the visual estimates and pXRF spot readings on the core from the second and third holes drilled in the New Years programme. He highlighted the potential for near-surface high grades of copper mineralisation and the evidence of copper-rich sulphide mineralisation occurring deeper in the breccia pipe. Caithness also noted the correlation and extension of historical hole NY-6 intersection with the 30m copper mineralised intersection in Alderan's hole NY2024-DDH2. He further mentioned that the Stage 1 drilling programme has been completed with detailed geological logging of the core and sampling for lab analysis now underway, along with the commencement of work on final design and permitting for follow-up drilling.

Summary of Stage 1 Drilling Programme and Outlook

Alderan Resources Limited's Stage 1 drilling programme at the New Years copper prospect has successfully intersected high grade copper mineralisation, with spot pXRF readings reaching grades of 45.5% copper. The preliminary logging and pXRF readings suggest potential significant extension of the mineralised zones reported in historical holes NY-6 and NY-2. The company is now completing permitting for a follow-up drilling programme at New Years. The visual estimates and pXRF spot readings indicate the potential for near-surface high grades of copper mineralisation, as well as evidence of copper-rich sulphide mineralisation occurring deeper in the breccia pipe. Alderan's exploration plans include reviewing new opportunities to secure and upgrade its pipeline of projects, with a focus on rapidly discovering, delineating, and developing critical metal and gold deposits for mining.