Alderan Resources Limited announce in-fill soil sample assay results for the Detroit project area in the Drum Mountains region of western Utah, USA and first pass gold recovery results for samples collected from drill holes completed at the Mizpah and Drum prospects at Detroit. The in-fill soil sampling was carried out to better delineate anomalies identified in 2021 along a 2km strike length of prospective host stratigraphy and along interpreted structural zones. The gold recovery work was aimed at giving an initial indication of potential heap leach recoveries from oxide, mixed oxide-sulphide and sulphide mineralisation. In August-September 2022, Alderan collected an additional 665 C-horizon soil samples at Detroit to bring the total number of soil samples to 2,433 over the project area. The sampling was designed to decrease the sample line spacing from 200m to 100m in anomalous areas identified from the 2021 soil programme and also fill in gaps in the 2021 sampling. Samples were collected at 40m intervals along lines. All samples were sent to the ALS laboratory in Twin Falls, Idaho for multi-element analysis. The soil sampling has better defined and enhanced the Mizpah, Basin Main and Midway anomalies identified from the 2021 soil programme and also defined the new Section 32 anomaly. The Mizpah soil anomaly is significantly larger than previously identified and contains gold grades up to 0.26g/t Au. It now occurs over five lines covering a north-south strike length of 300m and has an east-west width of up to 400m. The strike length of the anomaly is consistent with the distance covered by gold mineralised intersections in Alderan drill holes completed in September 2022 however the width of the anomaly is 400m, significantly wider than the
250m covered by Alderan's drilling. This supports Alderan's conclusion from its drilling that the Mizpah gold mineralisation is open down dip to the west and southwest. The Basin Main gold in soil anomaly is larger and higher order than Mizpah with grades up to 0.32g/t Au. It lies 800m north of Mizpah in the same rock unit however it is on the contact of the Basin porphyry intrusive stock which contains low-grade gold and copper mineralisation intersected in Alderan and historical drilling. The soil anomaly occurs over four lines covering a north-south distance of 500m and along lines the anomaly reaches an east-west width of 480m. Drilling at Detroit in the 1960's intersected chalcocite copper mineralisation immediately to the west
of the soil anomaly on the margin of the Basin Porphyry however historical reports contain no gold assays. The Section 32 anomaly located in Detroit's northeast tenement is lower order with a maximum assay of 0.056g/t Au. It occurs over 500m (five lines), has a maximum east-west width of 160m and has a prominent northeast- southwest trend. Mizpah lies 1.5km to the southwest along this structural trend. Results have been received for first pass gold recovery test work carried out on 277 samples collected from Alderan's Mizpah and Drum reverse circulation drill holes. The aim of the programme was to obtain an early indication of gold recoveries from oxide, mixed oxide-sulphide and sulphide mineralisation. The testing involved cyanide leaching and AAS gold analysis of residual pulp samples collected from gold mineralised intersections grading +0.3g/t Au. At Mizpah, the cyanide gold recoveries averaged 65.9% for 55 oxide samples from mineralised intervals in 13 of the 22 reverse circulation holes drilled by Alderan. The averaged fire assay gold grade for the samples was 0.89g/t Au and the recovered grade averaged 0.64g/t Au. The samples were all collected over 1.52m intervals from rock types logged primarily as sandstones and siltstones of the upper and lower Tatow members of the Pioche Formation. Six samples were logged as calcitic marble or dolomite and there was one andesite, one intrusive and one clay sample.