Dalradian files NI 43-101 technical report for the updated mineral resource statement for the Curraghinalt gold deposit

TORONTO, June 22, 2018 (GLOBE NEWSWIRE) -- Dalradian Resources Inc. (TSX:DNA) (AIM:DALR) ("Dalradian" or the "Company") reports that it has filed on SEDAR the National Instrument 43-101 technical report for its updated mineral resource statement for the Curraghinalt gold deposit in Northern Ireland. Highlights of the report were previously announced on May 10, 2018. Because this latest technical report supersedes any previous reports and renders them obsolete, the Company has removed the previous technical report (the 2016 Feasibility Study) from its website and marketing materials. Updated economics for the Curraghinalt gold deposit will be announced in the upcoming feasibility study, expected later this year. 

Qualified Persons

The Mineral Resource Statement was prepared in accordance with NI 43-101 by Dr. Oy Leuangthong, PhD, PEng (PEO#90563867), Dominic Chartier, PGeo (OGQ#874, APGO#2775) and David Machuca, Phd, PEng (PEO#100508889), all full-time employees of SRK Consulting (Canada) Inc., and Stacy Fredigmann, PEng (APEGBC #33972) of Canenco Consulting Corp (Canenco). All authors are considered independent Qualified Persons as defined by National Instrument 43-101. The Qualified Persons have read and approved the information contained in this press release.

About Dalradian Resources Inc.

Dalradian Resources Inc. is a mineral exploration and development company that is focused on advancing its high-grade Curraghinalt Gold Project located in Northern Ireland, United Kingdom. The Curraghinalt Project is in permitting, with exploration ongoing to build on the positive feasibility study released in January 2017.

For more information:

Marla Gale
Vice President Communications
[phone]
[e-mail]

Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett / Richard Tonthat
[phone]

Numis Securities Limited (Broker)  
John Prior / James Black / Paul Gillam              
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FORWARD LOOKING STATEMENTS

This press release contains "forward-looking information" which may include, but is not limited to, statements with respect to management's assessment of the anticipated benefits to Dalradian shareholders of the proposed Orion transaction (the "Transaction"), anticipated meeting date, timing for completion of the Transaction and delisting from both the TSX and AIM, the delivery of an updated feasibility study and an updated technical report, future financial or operating performance of the Company and its subsidiaries and its mineral project, the future price of metals, test work and confirming results from work performed to date, the estimation of mineral resources and mineral reserves, the realization of mineral resource and mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital, operating and exploration expenditures, costs and timing of the development of new deposits, costs and timing of future exploration, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims, limitations of insurance coverage, the timing and possible outcome of pending regulatory matters and the realization of the expected production, economics and mine life of the Curraghinalt gold deposit.