New Zone with High Grade Gold between Lookout and Trio
July 28, 2011, Vancouver, BC - Heatherdale Resources Ltd. ("Heatherdale" or the "the Company") (TSXV: HTR) announces results from twenty-three (23) new holes completed at the Niblack volcanogenic massive sulphide (VMS) project in southeast Alaska. Drill holes continue to intersect and expand the precious metals enriched mineralized zones, and are expected to increase mineral resources.
To date, Heatherdale has completed 129,985 feet of underground drilling in 100 holes at Niblack using two rigs. At March 2011, 308 holes (drilled from surface and underground) were used to estimate the mineral resources for the Lookout and Trio deposits (see March 7, 2011 news release). At a US$50 NSR cut off , the estimate comprises 4.1 million tonnes of Indicated resources grading 1.13% copper, 2.32 g/t gold, 2.27% zinc and 38.70 g/t silver and 2.5 million tonnes of Inferred resources grading 1.21% copper, 1.77 g/t gold, 2.29% zinc and 25.90 g/t silver. A continuous 1.5 million-tonne high-grade zone occurs within the indicated resource, grading 1.73% copper, 3.50 g/t gold, 3.84% zinc and 61.60 g/t silver (at US$150 NSR cutoff)..…
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