Alder's Canadian Creek Yukon Drilling Underway
September 24 2009 - 10:52AM
Marketwired
Alder Resources Ltd. (TSX VENTURE: ALR) is pleased to update
information on the exploration program on its optioned Canadian
Creek Property. The Canadian Creek property is located in the
Whitehorse Mining District of the Yukon Territory 160 km south of
Dawson City. The property is also 50 km southeast of the Underworld
Resources Inc. owned White Gold project and approximately 25 km
southeast of Kaminak Gold Corp.'s Coffee property.
A drilling program, to total approximately 1,500 metres, has
been initiated and is expected to be completed in the next one to
two weeks. The drill program is targeting a 4.0 km long trend of
strong gold and arsenic soil anomalies that are 500 m to 1.5 km
long (see news release dated Sept. 10/09) as well as geophysical
targets outlined by IP chargeability highs.
An additional 35 claims (733 hectares) have been staked which
tie on to the north of the Canadian Creek property. These claims
were staked in order to cover a possible extension of newly
discovered soil and IP Chargeability anomalies. This expands the
property size to 5,533 hectares.
A grab sample taken from a pyritic, quartz-bearing shear on the
Ana claims returned 2.5 g/t gold and is associated with
arsenopyrite. This area lies within a northeast trending soil gold
anomaly that is approximately 1.2 km south of the newly gridded
gold-arsenic anomaly described above. This area forms an additional
target for future work.
Alder can earn a 60% interest in the Property by making cash
payments totaling $250,000 and issuing 250,000 shares to Cariboo
Rose, and fulfilling exploration expenditures on the property
totaling $2,500,000 by June 18, 2013.
G.L. Garratt, P. Geo., who is a qualified person within the
context of National Instrument 43-101, has read and takes
responsibility for this news release. Bob Johnston, P. Geo., also a
qualified person within the context of National Instrument 43-101,
is supervising the project work in the field.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this Release.
Contacts: Alder Resources Ltd. Donald Mosher Director (604)
685-6465
(TSXV:ALR)
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