Exploration for high value copper and gold deposits in the state of Utah, USA.

Exploration for high value copper and gold deposits in the state of Utah, USA.

Alderan Resources Limited (ASX: “AL8”) is a USA focused copper and gold exploration company. Its portfolio consists of four high quality exploration projects in Utah, USA.

Our flagship Detroit project has strong potential for porphyry related and Carlin-like gold deposits. Following tenement consolidation and compelling surface exploration results with rock samples assaying up to 3.2% copper and 9.1 g/t gold, our focus is to discover gold deposits which the company can then define and progress to resource estimation.

We successfully completed a maiden diamond drilling programme at two Detroit targets, Drum gold mine and Mizpah gold prospect, intersecting +1.0g/t gold mineralisation in all verification holes, consistent with historical holes drilled during the 1980s.

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Alderan’s projects, Detroit, Valley Crossroads, Frisco and White Mountain, are located in the under-explored Tintic and Marysvale-Pioche igneous magmatic belts which have a long history of copper, gold and manganese mining. The Bingham belt which hosts Rio Tinto’s world class Bingham Canyon porphyry copper-gold-molybdenum mine lies immediately to the north and the Battle Mountain and Carlin gold and copper mining districts are in neighbouring Nevada to the west.

Exploration completed by Alderan and its partners indicates potential for multiple copper and gold deposit types similar to those in the Bingham, Carlin and Battle Mountain districts. The Detroit project is the company’s focus due to its outstanding potential for a copper-gold-molybdenum mineralised porphyry plus distal disseminated, skarn, intrusive and structure related copper and gold deposits associated with the porphyry.

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We have secured a highly prospective area between Drum and Mizpah #gold deposits at Detroit Project: https://t.co/V9AS0Ep86p

The area includes 700m strike length of Drum and Mizpah host rock stratigraphy which has received no modern exploration. #AL8 #Copper

.@RioTinto commences drilling #Copper Gulch prospect, Frisco Project.

Rio Tinto subsidiary Kennecott can earn up to 70% interest in Frisco through US$30 million exploration spend over 10 years under its farm-in agreement with #AL8: https://t.co/Rx77LWCqJw

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