Alderan Resources Ltd. (AU:AL8) has released an update.
Alderan Resources Ltd. has reported that recent lab assays have not only verified but also intensified the presence of copper anomalies at their New Years prospect and three additional sites in Utah, USA. The lab results have proven to be 1.35 times higher in copper content compared to previous portable XRF readings, which bolsters the potential of the area first explored in the 1960s. With the payment of a reclamation bond, the company is now on the brink of commencing the first stage of drilling, subject to the final permitting stages.
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