Alderan Resources Limited announced that it has successfully completed its 1,033m diamond drilling programme at its Detroit project in the Drum Mountains region of western Utah, USA. The programme consisted of eight holes (868.6m) at the historical Drum oxide gold mine and one hole (164.9m) at the Mizpah oxide gold prospect, 2km north of Drum, and aimed to verify and extend remnant oxide mineralisation at both prospects. Drum oxide gold mine produced 125,000oz gold between 1984-89, however until Alderan commenced exploration in late 2021, it had seen no modern exploration since mining ceased.

Alderan drilled a total of 868.6m in eight diamond holes at Drum, designed primarily to test for remnant oxide gold mineralisation left behind when mining ceased in 1989 plus indicate whether potential exists for down-dip extensions to the mineralised horizons. This remnant mineralisation was modelled from historical drill hole data collected by Western States Minerals and Jumbo Mining between 1982-89. Historical data indicates that the gold mineralisation at Drum primarily occurs in two stratigraphic horizons, the lower Tatow unit and the upper Chisholm Formation within a northeast-southwest trending structural corridor bound by two steeply dipping faults.

Both the Tatow and Chisholm units consist of fine-grained calcareous shales, siltstones and carbonates and are separated by the massive and un-mineralised Howell Limestone. All units dip gently at ~20o to the southwest and strike roughly north-south. Alderan's holes at Drum targeted either the Tatow unit which was the prime source of historical ore in the East Pit or the Chisholm unit, the historical ore host in the West Pit.

Holes were drilled at the northern and southern ends of both pits and 150m down dip to the southwest of the West Pit boundary. Some assays have been received for holes 9DD22-001 and 9DD22-003 with assays for the remaining holes yet to be received. 9DD22-0015 Hole 9DD22-001 was drilled to 117.95m to test for remnant gold mineralisation in the zone surrounding historical hole YC-16 on the western side of Drum's East Pit which intersected 56.4m @ 1.8g/t Au from 44.2m downhole in the Tatow unit which hosts historical ore in the East Pit.

Alderan modelling of historical drill data indicated that 10-20m of gold mineralisation at the bottom of the YC-16 remained below Drum's pit bottom including sample grades up to 7.1g/t Au. Gold-only assays for 20 samples ranging in length from 0.5-2.15m between 57.0-78.3m down the hole have been received. The hole intersected a thick oxide zone of 16.15m @ 1.04g/t Au from 60.04m downhole which included: 6.3m @ 2.9g/t Au from 65.9m downhole and 1.5m grading 5.6g/t Au from 70.7m downhole.

Highest grade assays included 6.01g/t Au (0.61m), 5.23g/t Au (0.92m) and 3.4g/t Au (1.13m). The hole verified Alderan's modelling of historical drill data and confirmed that potential exists for a significant thickness of high-grade oxide gold mineralisation in the Tatow unit at the northern end of the East Pit. 9DD22-002 Hole abandoned at 28.95m - hole 9DD22-003 is the re-drill.

9DD22-0036 Hole 9DD22-003 was drilled to 145.24m to test for remnant gold mineralisation in the Tatow unit below the southern end of the East Pit where Alderan modelling indicated a 10-20m zone of oxide mineralisation grading +1.0g/t Au remained below the pit bottom (see Figure 4). Historical holes in the immediate vicinity of the hole include YC-24, DM-23 and DM-24 which intersected 12.2m @ 1.1g/t Au from 30.5m downhole, 16.8m @ 1.2g/t Au from 79.2m downhole and 22.9m @ 1.2g/t Au from 47.2m downhole with its final assay 1.9g/t Au respectively. DM-12 which intersected 67m @ 0.9g/t Au from surface with last assay 2.8g/t Au lies approximately 15m off- section to the south.

Gold-only assays for 30 samples ranging in length from 0.47-2.42m between 85.95-123.0m down the hole (61- 87m below surface given the hole's -45o drilling dip angle) have been received. The hole intersected a thick, oxide zone of 17.77m grading 1.70g/t Au from 88.0m downhole (includes a 0.76m cavity interval grading 0.0g/t Au) which included: 6.57m grading 2.48g/t Au from 99.2m downhole and, 3.19m grading 3.54g/t Au from 101.01m downhole with, Highest grade assays of 4.13g/t Au (1.48m), 3.91g/t Au (0.48m) and 3.33g/t Au (0.51m). The hole again verified Alderan's modelling of historical drill data and confirmed that potential exists for significant thicknesses of high-grade oxide gold mineralisation at the southern end of the East Pit.

Also, the geological logging suggests that the mineralisation occurs dominantly in quartzites that sit stratigraphically below the Tatow unit. This opens the possibility that the gold can extend well below the historically mined Tatow horizon.