Very Interesting!3 Dec 2014 08:09
In 2014, Dalradian raised GBP 22 million through fundraising on the Toronto Stock Exchange to carry out an
underground exploration programme, a pre-feasibility study and an environmental impact assessment at the
Curraghinalt gold deposit. Since commencing work on the project in 2010, Dalradian has raised more than GBP 60
million; has completed 50,000 metres of drilling, three resource updates, two scoping studies; and has grown
the size of the deposit six-fold.
As a result of this work, in 2012, Curraghinalt was ranked 7th highest by grade of more than 500 undeveloped
deposits globally. The deposit remains open and can grow in size, as the vein system continues beyond the scope
of completed drilling.
The most recent Curraghinalt scoping study (or Preliminary Economic Assessment), completed in October 2014 by
the independent mining engineering firm Micon International Limited of Toronto, shows an Internal Rate of
Return on the proposed mine, after tax and royalties, of 36.2% based on a gold price of US$1,200 per ounce and
an average mined grade of 9.3 g/t gold. In this study, Curraghinalt will produce an average of 194,000 ounces
of gold per year for the first five years of operations and an average of 162,000 ounces of gold per year over
the 18 year mine life. Mineral resources which are not mineral reserves do not have demonstrated economic
viability. Dalradian's NI 43-101 report is dated October 30, 2014, entitled "An Updated Preliminary Economic
Assessment of the Curraghinalt Gold Deposit, Tyrone Project, Northern Ireland", was prepared by Messrs. Jacobs,
Gowans, Villeneuve and Foo of Micon International Ltd. and Mr. Maunula of T. Maunula & Associates Consulting
Inc., and is available on SEDAR at www.sedar.com.
Canaccord Genuity is acting as Nominated Adviser and Broker to the Company.
About Dalradian
Dalradian Resources Inc. is a Canadian incorporated gold exploration and development company that is focused on
advancing its Curraghinalt Gold Project located in Northern Ireland, United Kingdom. The Company has commenced
a work program with a fully-funded budget of approximately C$30 million and the goal of completing a pre-
feasibility study in support of a planning application for construction of an operating mine at Curraghinalt.
Components of the program include underground exploration, which incorporates approximately 1,200 metres of
development and 20,000 metres of underground drilling, a pre-feasibility study and an environmental impact
assessment.
FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" which may include, but is not limited to, statements
with respect to the activities, events or developments that the Company expects or anticipates will or may
occur in the future, including, without limitation, test work and confirming results from work performed to
date, estimation of mineral resources