Alderan Resources Limited (ASX:AL8) initiates drilling at New Years copper prospect

Alderan Resources Limited (ASX:AL8) has commenced drilling at its New Years copper prospect in the Cactus copper-gold (Cu-Au) district in Utah, USA. The first stage of drilling is a three-hole (340m) program aimed at verifying copper mineralisation intersected in historical holes drilled in 1964 and 2002 and gaining an understanding of the controls on mineralisation. The company's Managing Director, Scott Caithness, expressed excitement about the commencement of the drilling, highlighting the potential for both oxide and primary copper mineralisation at New Years.

Executive Commentary on New Years Copper Prospect Drilling

It is exciting to get the first drilling at New Years underway since 1964 following a few days of delay due to logistical issues. Based on historical drilling data, including near-surface high-grade drill intersections of +10m grading +1.5% Cu, New Years has potential for both oxide and primary copper mineralisation. The Stage 1 drilling program is expected to be completed by the end of September, and if successful, Alderan's magnetics modelling has identified a further twelve new targets to test in the Cactus District.

Summary of Alderan Resources' New Years Copper Prospect Drilling

Alderan Resources Limited (ASX:AL8) has initiated a three-hole (340m) drilling program at its New Years copper prospect in Utah, USA. The objective of the drilling is to verify historical copper mineralisation and gain an understanding of the controls on mineralisation. The company's Managing Director, Scott Caithness, highlighted the potential for both oxide and primary copper mineralisation at New Years. The Stage 1 drilling program is expected to be completed by the end of September, with potential for further exploration in the Cactus District if successful. Alderan's exploration in the Cactus district includes 3-D modelling of mineralisation at the Cactus and Comet mines, 3-D inversion modelling of drone magnetics over the Cactus district, and grid soil sampling over the New Years prospect. The company's objective is to rapidly discover, delineate, and develop critical metal and gold deposits for mining, with a focus on under-explored geological belts with high potential for discovery.