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 which listed on the Australian Stock Exchange in June 2017. Its portfolio consists of four high quality exploration projects in the state of Utah, USA.

Alderan’s flagship Detroit project has strong potential for porphyry related and Carlin-like copper and 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 copper and gold deposits which the company can then define and progress to resource estimation.

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Projects

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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Company Highlights

Latest Announcements

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.@RioTinto identifies new magnetic anomalies at our Frisco Project: https://t.co/ugAP6NoL6t

Rio Tinto subsidiary Kennecott Exploration Company planning field inspections and surface sampling in Q1, 2022 ahead of a decision on drilling. #AL8 #gold #copper

Drilling recommences at our Detroit Project in Utah, USA with focus on historical Drum open pit #gold mine which produced 125,000oz gold: https://t.co/tQQ8AO6si8

First results from Drum drilling expected in March following remaining Detroit drill results. #AL8

Future Detroit drilling to be focussed on Drum and Mizpah projects: https://t.co/oq247LTwXK

Managing Director Scott Caithness: "Drum and Mizpah are both clear standout prospects with higher #gold grades and potential for both oxide and primary gold deposits."

#AL8 $AL8

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