Dalradian Resources Inc. provided an update on its on-going evaluation of a previously overlooked vein set at the Curraghinalt gold deposit in Northern Ireland. While work is ongoing to assess the potential impact of the C-veins on the existing resource, early results are very encouraging. A previously reported intercept in Hole 12-CT-170 of 0.76 metres grading 33.60 g/t of gold, has been expanded considerably to 7.21 metres grading 7.58 g/t of gold by incorporating the adjacent C-vein material. Until recently, the main resource veins (D-veins) at Curraghinalt have been thought of as discrete, individual units hosted in barren wall rock and historically the system was sampled on this basis, with little or no attention paid to the material outside of the main vein intercepts. The July 2012, Preliminary Economic Assessment, for instance, incorporates more than 2.5 million tons of material that falls outside of the main veins and was calculated to contain 0 g/t of gold. Recent and on going work recognizes that this discrete single vein interpretation is overly simplistic. New results from sampling over broader intervals on existing and historical core support the idea that mineralization at Curraghinalt is hosted in a suite of sub-parallel Vein Zones comprising one or more shear veins (the historically recognized main veins) and Extension Veinlets (C-veins). By interpreting the mineralization into wider Vein Zones, the historical D-vein mineralization would still remain as the key or anchoring component, however, the wider zones of mineralization and structures will increase confidence in correlating mineralization on cross-section and from section to section. The result both advances its understanding of the geometry of the mineralization, and provides an improvement on the geological model previously utilized in resource estimation. Ongoing logging and sampling of drillholes from key cross-sections, using both the current drill program and the historical core, will provide data to support a re-interpretation of the Vein Zones, leading to an updated resource estimate in fourth quarter of 2013. The updated resource will include approximately 35,000 m of new drilling and a portion of the historical core which was previously un-sampled. While the evaluation of the C-veins is expected to continue through to at least mid-2013, preliminary data from three holes shows that the C-veins are capable of contributing to wider mineralize intercepts than would previously have been defined by the main veins (D-veins) alone. Hole 11-CT-94 was the first of the historical holes selected for resampling, as it intersects seven of the main D-veins as well as numerous footwall veins, some of which are now recognized as C-veins. Previous sampling of 11-CT-94 had 27 assays reporting greater than 1 g/t of gold. As a result of re-logging and additional sampling, another fifty-five assays reported greater than 1 g/t of gold, with ten of those assaying greater than 10 g/t of gold. Hole 12-CT-170, had previously reported 0.76 m grading 33.60 g/t of gold. Additional results incorporating C-vein material have expanded that zone considerably to 7.21 m grading 7.58 g/t of gold. This interval is interpreted as part of the T17 ­ No. 1 Vein Zone, which consists of a principal D-vein as well as a number of gold bearing C-veins. By interpreting and sampling mineralized zones, rather than individual veins as was done historically at Curraghinalt, the company are able to identify wider mineralized envelopes. Another example of C-vein impact is seen in the Mullan Vein Zone in hole 13-CT-182. Assaying only the discrete D-vein gives 2.19 m grading 8.80 g/t of gold. By incorporating adjacent C-veins, this can be expanded to 7.38 m grading 4.2 g/t of gold. This intercept is likely conservative due to 0.5 m of core loss between 33.71 m and 41.09 m, which was treated as having a grade of 0.0 g/t of gold. Drill core was halved with samples averaging between 0.10 m and 0.30 m in mineralized material and up to 1 m in wall rock were submitted to ALS Laboratories in the Republic of Ireland. Rigorous quality assurance and quality control procedures have been implemented including the use of blanks, standards and duplicates. Core samples were analyzed by a 50 gram gold fire assay with an atomic absorption finish.

Dalradian Resources Inc. has intersected 1.54 m of 30.13 g/t gold more than 200 meters below the current resource at the Curraghinalt high grade gold deposit in Northern Ireland. Other recently received results from ongoing drill program include 1.32 m grading 17.61 g/t of gold, and 5.35 m grading 6.60 g/t of gold. The deep hole, 12-CT-175, designed to test the depth extent of the high grade gold system, intersected a number of veins. Only partial results have been received to date from 12-CT-170, -175 and -176a; additional results from these holes will be reported as they are received. Other holes being reported on in this release are 12-CT-166, 12-CT-170 and 12-CT-176a, from the eastern and central portions of the deposit. 12-CT-166 intersected six of the Main Vein Zones as well as numerous C-veins in the eastern part of the deposit. The hole was designed to test a segment of the T17 Vein Zone which currently does not lie within the existing resource and successfully intersected the target vein (1.32 m of 17.61 g/t gold). Hole 12-CT-170 intersected a number of veins between 380 m and 750 m below surface including 1.62 m of 7.82 g/t gold and 1.00 m of 13.71 g/t gold, however additional drilling will be required before these intersections can be correlated with adjacent holes on section. Hole 12-CT-176a was drilled to the north and intersected the Crow Vein Zone with 5.35 m of 6.60 g/t gold 90 m below surface. This intersection is outside of the existing resource envelope and demonstrates that additional near surface mineralization remains to be added to the existing mineral inventory.

Dalradian Resources Inc. Presents at European Gold Forum 2013, Apr-17-2013 05:30 PM. Venue: Park Hyatt, Beethoven-Strasse 21, Zurich 8002, Switzerland.