Aldrin Resource Corp. announce that preparations for the upcoming 2010 summer drill programs are complete. The Company expects to commence drilling on its 100% owned Keystone project on June 6, 2010. The Keystone project is located approximately 10-kilometers south of Keno Hill in the Mayo mining district, Yukon Territory.
The Company has budgeted for 8,000-meters of core drilling this upcoming summer to take place on three of its Yukon projects, the Keystone, Longline and IND projects. The three projects are controlled by the Company under a lease agreement with Shawn Ryan, Ryanwood Exploration Inc. of Dawson City, Y.T. The Company’s fourth project, the Brew property, has been Joint ventured as per our recent news release dated May 4th, 2010.
The Keystone property is comprised of 224 quartz mining claims covering an area of 11,200 acres or 44.8 square kilometers. Previous exploration work on the Keystone property has identified an anomalous gold/antimony/arsenic mineralized trend that measures approximately 3.2-kilometers long by as much as 1.5-kilometers wide and contains several parallel mineralized structures. The anomaly remains open along strike and to the east and west. A $1.75 million exploration program is scheduled for this summer and will include completing a 43-101 report and 3,000-meters of drilling in 30 diamond core holes and additional soil and ground magnetometer surveys.
In addition to evaluating the Keystone project, the Company has finalized plans for drilling its Longline and IND properties, located in the Klondike area of the Yukon. The Longline and IND properties are under option/lease from Ryanwood Exploration, and plans for the 2010 field season include additional soil sampling, trenching and core drilling on both projects. Previous soil sampling on both properties has identified gold/antimony/arsenic anomalies over large areas.
The Longline property consists of 100 quartz mining claims (2,024 hectares). It has 3 well defined gold-soil anomalies contained in a mineralized zone trending 6 kilometers in length and is open to the north. The property is located on the Yukon/Alaska border approximately 60 kilometers west of Underworld’s White Gold property. A $1.5 million work program is scheduled for the 2010 field season and will consist of a trenching program, and 2,500 meters of drilling.
The IND property comprises 138 quartz mining claims covering an area of 2700 hectares. The property is located 24 kilometers south of Dawson City and 14 kilometers southwest of the famous Bonanza Creek and Eldorado Creek placer deposits that historically produced nearly 6-million ounces of gold. The property is accessible by a summer road and is only 30 minutes from Dawson City. The IND property hosts a favorable gold-soil anomaly which was first discovered in 2004 during a regional soil sampling program. A $1.25 million work program is scheduled for this summer and will consist of trenching, sampling, and 2,400 meters of drilling.
The Company has retained the services of Equity Exploration Consultants, Ltd., Vancouver, B.C. to provide project management support for the field season. President and CEO Johnathan More states, “We are excited to be drilling 3 of our 4 properties this summer. 8,000 meters of drilling will greatly assist Aldrin to discover the full potential of its projects.”
Aldrin Resource Corp. is a Canadian-based mineral exploration company. The Company is focused on the exploration and development of strategic gold properties located in Canada’s rapidly developing Yukon Territory.