TORONTO, September 16, 2010 – Dalradian Resources
Inc. (“Dalradian”) (TSX:DNA) (TSX:DNA.WT) has signed a contract with
Major Drilling Group International Inc. for the completion of 40,000
metres of drilling over 24 months at its Tyrone Project in Northern
Ireland. Dalradian expects the rigs to arrive at the project and begin
drilling in November, adding to the two Irish Drilling Limited rigs
currently operating on site.
Dalradian also announces that it has appointed Garth Earls as
managing director of its wholly-owned subsidiary, Dalradian Gold
Limited. Mr. Earls joins Dalradian from the Geological Survey of
Northern Ireland (“GSNI”). During his tenure at GSNI, which began in
2002, he managed the award-winning Tellus project, the most concentrated
geological mapping project ever undertaken in Northern Ireland;
developed landscape tourism and science education initiatives; and
chaired the Geosciences Committee of Royal Irish Academy from 2006 to
2009. Mr. Earls previously spent 23 years working in the exploration and
mining industry. He was part of the team that discovered the
Curraghinalt gold deposit in the 1980s. Mr. Earls, who officially starts
with Dalradian on December 1, 2010, will be responsible for overseeing
the day-to-day operations of the company in Northern Ireland.
“I’m delighted that we’ve taken the first step in expanding our
exploration program, and to welcome Garth to the team,” said Patrick F.
N. Anderson, Dalradian’s chairman and chief executive officer. “Garth’s
passion for Curraghinalt and his familiarity with the area will be
critical to the successful evolution of this project. Further, the
introduction of Major Drilling, which will work in conjunction with
Irish Drilling, will enable us to increase the speed with which we
develop our knowledge of the gold systems at the Tyrone Project.”
Dalradian Resources Inc.: A golden opportunity in Northern Ireland Dalradian
is a Canadian-based exploration company working to increase its
portfolio of gold and base metals resources at its approximately
84,000-hectare Tyrone Project, which encompasses its flagship
Curraghinalt mesothermal gold deposit, in counties Tyrone and
Londonderry in Northern Ireland. Our active exploration program is
underway with two drill rigs operating at the site. Dalradian’s common
shares warrants are listed on the Toronto Stock Exchange under the
symbols DNA and DNA.WT respectively.
For further information, please contact: Annemarie Brissenden Director, Investor and Corporate Relations Telephone: +1.416.572.2299 Email: investor@dalradian.com
Cautionary Note Regarding Forward-Looking Statements This
news release contains “forward-looking information” within the meaning
of applicable law. Generally, forward-looking statements and
forward-looking information can be identified by the use of
forward-looking terminology such as “plans,” “expects,” “budget,”
“scheduled,” “estimates”, “forecasts,” “intends,” “anticipates” or “does
not anticipate,” “believes,” or variations of such words and phrases or
statements that certain actions, events or results “may,” “could,”
“would,” “might” or “will be taken,” “occur” or “be achieved.” All
forward-looking statements and forward-looking information are based on
reasonable assumptions that have been made by the Corporation as at the
date of such information. Forward-looking statements and forward-looking
information are subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity,
performance or achievements of the Corporation to be materially
different from those expressed or implied by such forward-looking
statements and forward-looking information. Although the Corporation has
attempted to identify important factors that could cause actual results
to differ materially from those contained in forward-looking statements
and forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be accurate, as actual
results and future events could differ materially from those anticipated
in such statements or information. Accordingly, readers should not
place undue reliance on forward-looking statements or forward-looking
information. The forward-looking statements and forward-looking
information contained in this press release are included for the purpose
of providing investors with information to assist them in understanding
the offering as well as the Corporation’s expected financial and
operational performance and may not be appropriate for other purposes.
Dalradian does not undertake to update any forward-looking statement or
forward-looking information that is included herein, except in
accordance with applicable securities laws.
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