Dalradian Resources has completed Infill drilling at its 100%-owned Curraghinalt gold project, in Northern Ireland and expects to release an updated resource estimate by the end of April.
The infill drilling programme comprised 51,479 m in 181 holes and was planned to convert Inferred resources to Measured and Indicated in support of a feasibility study, which the company expects to finalise in H2 2016. Engineering, metallurgy/flow sheet planning and mine planning are ongoing, and the geotechnical programme is almost complete.
Dalradian has completed 690 m of underground development and made 140 blasts. Test stoping on the V-75 vein, which will provide the company with important information about dilution, ground conditions, and mining methods and sequencing, will be completed during Q3.
In addition, land acquisition for the proposed mine site processing plant and associated facilities is nearly complete and work on the Environmental & Social Impact Assessment continues.
As at the end of 2015 the company had cash and cash equivalents of C$43.3 million.
Dalradian completes infill drilling at Curraghinalt; updated resource by end-April: DALR