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dalradian resources inc (DNA) Snapshot

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dalradian resources inc (DNA) Details

Dalradian Resources Inc. is engaged in the acquisition, exploration, and evaluation of mineral properties in Northern Ireland. It primarily explores for gold and silver. The company holds a 100% interest in four mineral prospecting licenses and four mining lease option agreements covering an area of approximately 84,000 hectares in the counties of Tyrone and Londonderry, Northern Ireland. Its flagship project includes the Curraghinalt gold project, which is a lode gold system located in the Northern Ireland properties. The company was formerly known as SA Resources Inc. and changed its name to Dalradian Resources Inc. in April 2010. Dalradian Resources Inc. was incorporated in 2009 and is headquartered in Toronto, Canada.

31 Employees
Last Reported Date: 03/26/14
Founded in 2009

dalradian resources inc (DNA) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: C$400.0K
Total Annual Compensation: C$300.0K
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: C$400.0K
Vice President of Safety, Health, Environment...
Total Annual Compensation: C$185.0K
Compensation as of Fiscal Year 2013.

dalradian resources inc (DNA) Key Developments

Dalradian Resources Inc. Announces Completion of New Preliminary Economic Assessment for the Curraghinalt Gold Deposit in Northern Ireland

Dalradian Resources Inc. announced the completion of a new preliminary economic assessment ("PEA") for the Curraghinalt gold deposit in Northern Ireland. The PEA study was led by Micon International Limited ("Micon"), with contributions from other independent consultants, and was based on the May 2014 resource update. The PEA is preliminary in nature. It includes Inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the results of the PEA will be realized. The basis for the PEA is the mineral resource estimate prepared by T. Maunula & Associates Consulting Inc. in the NI 43-101 report dated May 30, 2014 and effective January 20, 2014 entitled "Curraghinalt Gold Deposit, Northern Ireland, Mineral Resource Estimate Update, NI 43-101 Technical Report". The mine plan developed by Micon uses mechanized longhole mining with ramp access and truck haulage, at a production rate of 1,700 tpd. Ramp access was chosen over shaft access due to the long lateral extent and relatively shallow depths of the deposit. As the deposit is open at depth a shaft may be required in future to access levels below the current mine plan. The mine plan includes provisions for mining losses and dilution. The mine plan is inclusive of inferred resources. These inferred resources will require further exploration drilling to upgrade them to the higher measured and indicated categories. The processing flow sheet selected for the updated PEA consists of crushing, grinding, cyanidation and conventional tailings disposal, and is consistent with Dalradian's 2012 PEA. This flow sheet is based on extensive metallurgical testing carried out by previous operators of the project, and by Dalradian. Total gold recoveries, based on existing metallurgical test work, are expected to be approximately 92%. The recently commenced Curraghinalt Pre-Feasibility Study will consider in more detail a number of alternative processing flow sheets, including a gravity + flotation circuit, as well as alternatives to conventional tailings disposal. These alternatives will be aimed at improving recoveries and project economics, while reducing the environmental impact of a future mine. Initial capital expenditures total approximately $249 million, inclusive of a $48 million contingency. LOM sustaining capital totals approximately $163 million, or $56 per ounce gold. Sustaining capital consists of capitalized waste development after the initial production start-up, major equipment replacement and tailings expansions. Mining sub-level development cost is included in the operating cost.

QME Limited. Awards Underground Contract to Dalradian Resources Inc

Dalradian Resources Inc. announced that it has awarded the contract for the underground portion of its previously announced underground exploration program to QME Limited. The underground contract includes: Preparation of the existing 700 metre adit, including scaling and removal of train tracks and timber supports; Additional development of approximately 1,000 metres; Construction of underground drill bays; Testing of appropriate mining techniques; and Removal of a large sample for metallurgical and other testing.

Dalradian Resources Inc. Starts Underground Exploration Program and Pre-Feasibility Study for Curraghinalt Gold Project in Northern Ireland

Dalradian Resources Inc. announced that surface works have begun at site as the first stage of a planned underground exploration program in support of a Pre-feasibility Study at its 100% owned Curraghinalt gold project in Northern Ireland. Local contractor FP McCann was awarded the surface works portion of the program and they are currently on site. Dalradian's Underground Program commenced in September, with surface works undertaken by local contractor FP McCann, a Northern Ireland-based civil engineering company and manufacturer and distributor of concrete and other construction products. Surface works are expected to be completed within several months in preparation for going underground and include construction of: Surface operations area; Water treatment plant; Waste rock storage area; Internal access roads; and Services. The Underground Program entails extension of the exploration tunnel by approximately 1,000 metres in order to access, define, sample and test the mineralized material from the Curraghinalt deposit. The development will include underground drill bays for approximately 20,000 metres of infill drilling. The Underground Program is designed to: Demonstrate continuity of thickness and grade of the mineralised veins; Increase confidence in the existing mineral resources and move ounces from Inferred to Indicated; Evaluate mining methods; Assess underground geotechnical and hydrogeological conditions; and Produce samples for offsite metallurgical testing. Pre-feasibility Study & Environmental Impact Assessment; With the completion of the latest resource estimate in 2014, Dalradian intends to carry out a Pre-Feasibility Study, which will include an options analysis looking at alternatives to several aspects of the PEA, including but not limited to dry stack tailings and the addition of a flotation circuit. In parallel with the PFS, Dalradian will undertake an Environmental Impact Assessment which will examine the potential impacts of a full mine build, as well as options for their elimination or mitigation. The EIA report, together with the Project Description, will form the basis of a Planning Application for the full mine build to be submitted to the Northern Ireland Planning Service. The PFS options analysis will investigate alternatives to the base case scenario outlined in the 2012 PEA, including mineral processing, tailings and waste rock management, and will identify potential locations for the mine surface infrastructure. These alternatives will be considered from a perspective of engineering and construction feasibility, capital and operating costs, operational risks, reclamation costs, as well as ease of permitting and acceptance by the local community and regulators. The PFS will incorporate the results of the options analysis, setting out the preferred options for mining, mineral processing, tailings and waste rock management along with an economic assessment of the project, in an NI-43-101 compliant Technical Report.


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