Heatherdale Resources Ltd.

News Releases

 November 10, 2010
Underground Drilling Continues To Successfully Expand And Upgrade Precious Metals-Enriched Vms Mineralization At Niblack

  November 10, 2010, Vancouver, BC -- Heatherdale Resources Ltd. ("Heatherdale" or the "Company") (TSXV:HTR) announces new drill results from 22 underground holes completed at the Niblack volcanogenic massive sulphide (VMS) project in southeast Alaska. Two underground drill rigs are currently working in the Lookout Deposit and continuing to expand the precious metals-enriched mineralized body to the south and southwest.

New drill result highlights include:

U064 with 28.4 feet of 2.12% Cu; 1.49 g/t Au; 2.01% Zn; and 30 g/t Ag
U081 with 30.0 feet of 1.84% Cu; 2.54 g/t Au; 1.09% Zn; and 51 g/t Ag
U083 with 47.0 feet of 1.74% Cu; 3.73 g/t Au; 2.47% Zn; and 75 g/t Ag
"I'm pleased to report that Heatherdale continues to expand the volume of high-grade mineral resources at Niblack through an ongoing underground drill program that is consistently intersecting strong precious metals-enriched VMS mineralization,"said Heatherdale President & CEO Patrick Smith. "The importance of the results we're announcing today lies not only in the superior grades in base and precious metals, but in the spatial relationship of these holes to other strongly mineralized holes reported in previous releases."

Smith said the high-grade Lookout Deposit demonstrates the size, strength and tenor of mineralization hosted within the Niblack district. He added that higher-grade zones within Lookout and other known VMS occurrences on the property will play a significant role in early mine planning and the economic importance of the Niblack Project.

"We are increasingly confident that Niblack will support a high-grade underground mining operation in the medium term," Smith said. "That confidence is borne not only from the significant expansion of high-grade resources within the Lookout Deposit that we have achieved over the past year. It also reflects our geological team's growing understanding of the entire precious metals-enriched system at Niblack, with its stacked sequences of sub-seafloor replacement and massive sulphide seafloor accumulation-style mineralization."

Smith noted that recent drill results have further refined Heatherdale's advanced understanding and geological modeling of the Niblack system. In addition to Lookout, there are five other known VMS occurrences on the 10 square mile property. Smith said Heatherdale geologists have now begun to apply their new understanding and modeling of the Lookout Deposit to develop targeting strategies for other deposits, with the expectation that near-term exploration and development programs will identify additional high-grade resources.

"It's a very exciting time to be part of the Niblack Project," Smith confirmed. "When you combine the quality and growth potential of the Niblack property with the efficiencies associated with year-round drilling from a well-established underground platform, it's clear that Heatherdale will deliver consistent and significant project advances in the months ahead."

Two drill crews active at Niblack have achieved high levels of productivity over the course of 2010, in part due to the superior access that an underground adit developed earlier by Niblack Mining Corporation provides for sampling much of the mineralized system. Drill rigs are working year-round at the Niblack property, and have demonstrated an ability to consistently reach core lengths in excess of 2,500 feet.

Smith said existing underground development at Niblack will facilitate an efficient and ongoing program of expanding and upgrading areas of known mineralization at Niblack in 2011, as well as testing several new targets.

"In my new role as President & CEO, I undertook my initial visit to the Niblack site just last month," he said. "I was extremely pleased by all aspects of our operations -- from the level of commitment toward health, safety and environmental stewardship to the hands-on leadership of our senior and experienced geological and technical teams.

"That Heatherdale is a Hunter Dickinson company is clearly manifest both in the quality of the geological results we continue to achieve and in the operational excellence of the site team."

Important intersections from these 22 new holes are presented in the Niblack Assay Table below. Assays from the first 34 holes drilled (released previously) and a drill hole location section are available on the Heatherdale website at http://www.heatherdaleresources.com/hdr/Sections_Plans.asp.

NIBLACK ASSAY TABLE

Drill Hole
Number

 

From*
(feet)

To*  
(feet)

Intercept
(feet)

Cu
%

Au
g/t

Zn
%

Ag
g/t

U063

 

200.0

202.2

2.2

1.52

0.90

1.82

16

U064

 

181.1

209.5

28.4

2.12

1.49

2.01

30

U064

incl.

189.8

199.1

9.3

4.69

2.92

5.15

60

U067

 

331.0

335.0

4.0

1.66

0.24

0.01

10

U067

 

465.0

468.0

3.0

2.93

0.52

0.12

19

U069

 

287.0

299.0

12.0

0.46

0.42

1.58

6

U069

 

516.5

530.9

14.4

0.56

0.37

2.31

4

U069

incl.

524.0

530.9

6.9

0.80

0.48

3.51

7

U072

 

217.9

230.7

12.8

2.64

4.51

2.95

43

U072

incl.

219.2

226.2

7.0

3.28

5.20

4.83

55

U074

 

1008.4

1013.2

4.8

2.04

3.25

23.30

90

U075

 

899.3

905.0

5.7

0.22

2.05

0.98

11

U077

 

778.8

795.0

16.2

1.60

0.29

0.03

3

U077

incl.

784.8

786.9

2.1

4.75

0.52

0.03

6

U078

 

815.0

821.6

6.6

2.36

5.88

1.29

83

U078

 

910.0

932.3

22.3

1.61

0.53

0.02

7

U080

 

534.0

537.9

3.9

7.34

4.80

7.61

115

U080

 

795.0

799.7

4.7

2.43

1.69

3.24

28

U081

 

766.4

775.4

9.0

0.93

1.89

1.20

43

U081

 

790.0

850.8

60.8

1.26

1.94

1.28

38

U081

incl.

790.0

820.0

30.0

1.84

2.54

1.09

51

U083

 

660.0

725.9

65.9

1.47

2.98

1.89

60

U083

incl.

663.0

710.0

47.0

1.74

3.73

2.47

75

U083

and

666.1

670.0

3.9

1.70

13.54

5.24

193

U083

and

693.1

710.0

16.9

3.28

3.20

3.18

81

U084

 

635.0

660.9

25.9

1.62

2.47

1.61

52

U084

incl.

640.0

659.5

19.5

1.91

2.94

1.94

62

No significant results in holes U065, U066, U068, U070, U071, U073, U076, U079 and U082

*Holes are drilled in a fan pattern from stations spaced along an adit and are drilled with a range of different azimuths and dips.

The 62,500 feet of drilling in 56 drill holes that Heatherdale has completed at Niblack since October 2009 were achieved from eight underground drill stations spaced along the adit. A fan pattern, designed to cross-cut the mineralized target horizon was completed from each station to test areas southwest and south of the Lookout deposit. To date, the true widths of the intersections have not been accurately established. Several of the drill holes without significant results in the table missed the prospective felsic package due to folding and flattening of the target horizon. This knowledge has been incorporated into the deposit model and has resulted in new targets for drilling.

Niblack's location at tidewater on Prince of Wales Island in southeast Alaska presents a number of project benefits, including year-round marine access, a well-trained labour force, a mature supply and service sector, proximity to Asian markets, and the support of community and Alaska Native corporation partners. The project is located 27 miles (44 kilometres) from Ketchikan, a community of 8,000 people with important services to support project development, including a deep water port and international airport. The State's burgeoning minerals industry also enjoys a competitive tax regime and stable, predictable permitting and regulatory oversight coordinated by the Alaska Department of Natural Resources', 'Large Mine Permitting Team'. For reference, Hecla's Greens Creek, a 2,100-ton per day underground massive sulphide mine, operates 225 miles (370 kilometres) to the northwest of Niblack on Admiralty Island.

Mark Rebagliati, P. Eng., a Qualified Person as defined under National Instrument 43-101, is supervising the exploration and quality assurance and quality control programs on behalf of Heatherdale and has reviewed the content of this release.

About Heatherdale Resources Ltd.

Heatherdale Resources Ltd. is a Vancouver-based exploration and development company associated with Hunter Dickinson Inc. (HDI). The Company is focused on advancing the high-grade mine development opportunity at the Niblack Project. Heatherdale has the right to retain a 51% interest in the Niblack Project and an option to acquire up to a 70% interest from Niblack Mineral Development Inc. (formerly CBR Gold Corp.)

About HDI

Hunter Dickinson Inc. (HDI) is a diversified, global mining company with a 25-year history of mineral development success. From its head office in Vancouver, Canada, HDI applies its unique strengths and capabilities to acquire, develop, operate and monetize mineral properties that provide consistently superior returns to shareholders.

For further details on Heatherdale Resources Ltd., please visit the Company's website at www.heatherdaleresources.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.

On behalf of the Board of Directors

Patrick Smith
President and CEO

Sample preparation and analysis for the Niblack project is done at ISO 9001 accredited ALS Chemex laboratories in Vancouver, BC. All samples are assayed for gold by 30 g fire assay fusion with Atomic Absorption Spectroscopy (AAS) finish. Copper, silver, zinc, lead and 29 additional elements are determined for all samples by four acid digestion, followed by ICP-AES finish. All over-limit copper, zinc or lead results (greater than 10%) and all over-limit silver results (greater than 200 grams per tonne) are re-assayed by high grade single element four acid digestion ICP-AES or AAS analysis. As part of a comprehensive QA/QC program, one standard is inserted into the sample stream in each group of 20 samples, as well as one or more field blanks in each analytical batch. One sample in each group of 20 is a duplicate, which is analyzed by Acme Analytical Laboratories in Vancouver.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.






 
 

You can view the Next News Releases item: Mon Nov 15, 2010, Heatherdale Arranges $6 Million Non-Brokered Financing

You can view the Previous News Releases item: Tue Oct 5, 2010, Heatherdale Appoints New President & Chief Executive Officer

You can return to the main News Releases page, or press the Back button on your browser.