Heatherdale Resources Ltd.

News Releases

 October 31, 2011
Heatherdale Continues Successful Drilling At Niblack

  October 31, 2011, Vancouver, BC -- Heatherdale Resources Ltd. ("Heatherdale" or the "Company") (TSXV:HTR) announces additional positive results from delineation and exploration drill holes completed during the 2011 spring and summer program at the Niblack volcanogenic massive sulphide (VMS) project in southeast Alaska. Significant intersections of copper, gold, zinc and silver were encountered in several of the holes. Highlights include:
Hole U131 -- 26.8 feet of 4.66% Cu; 13.57 g/t Au; 15.26% Zn; and 302 g/t Ag
Hole U132 -- 44.6 feet of 2.54% Cu; 5.54 g/t Au; 10.96% Zn; and 126 g/t Ag
Hole U136 -- 35.7 feet of 4.60% Cu; 5.68 g/t Au; 10.00% Zn; and 141 g/t Ag

Three drill rigs were utilized to complete the 21,300 feet of drilling described in this news release. Two underground drill rigs were active continuously throughout the program, to explore for and delineate resources in the Lookout and Trio Zones. Several of the holes were directed toward collection of samples for metallurgical testwork. In addition in May and June 2011, a helicopter-supported surface drill rig was added to the program to test several of the compelling exploration targets in the area of the historic Niblack Mine, as well as the Trio and Broadgage zones.

"The 10 delineation holes drilled from underground in the Lookout Zone have reaffirmed the robustness of the mineralization at Niblack," stated Pat Smith, President and CEO. "Drill core collected from this program will also be utilized to advance our understanding of the project metallurgy, and support engineering studies toward completion of a Prefeasibility Study. The additional data and information received from these drill holes will be incorporated into a new resource estimate that will be completed shortly."

Smith added, "I am extremely pleased with the results of the 10 exploration holes -- three of which were drilled from underground and seven from surface. These holes are confirming the excellent potential of the stratigraphy that hosts mineralization at Niblack, and have validated the application of the new geological interpretation."

Three exploration holes drilled from underground firmly established the continuity of the mineralization hosting felsic horizon between the Lookout and Trio zones as well as to the northwest of the Lookout Zone, and have also provided positive indicators for the next stage of drilling in these areas.

Of the seven surface exploration holes reported here, six tested the felsic horizon in the Trio-Broadgage area and one hole targeted the area proximal to the historic Niblack Mine. The detailed geologic model has been validated from this drilling and six of the seven holes intersected sulphide mineralization that will guide the next round of exploration drilling. The mineralization encountered in hole S148, which intersected 22 feet grading 0.53% copper and 1.54 g/t gold, has provided important information about the plunge direction of the mineralization in the Trio zone.

Important intersections from these 20 new holes are presented in the Niblack Assay Table below. Assays from these as well as the first 100 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.

<< Drag to view the table >>

Drill Hole Number   From*
(feet)
To*  
(feet)
Intercept
(feet)
Cu
%
Au
g/t
Zn
%
Ag
g/t
U130

 

851.5
853.1
1.6
0.39
0.43
6.00
11
U130

 

864.8
957.5
92.7
1.96
2.36
2.80
52
U130

incl.

888.2
941.1
52.9
2.96
3.19
4.31
74
U131

 

859.3
899.7
40.4
2.13
4.08
2.22
126
U131

 

909.8
955.0
45.2
3.69
9.54
10.30
218
U131

incl.

923.0
949.8
26.8
4.66
13.57
15.26
302
U132

 

810.0
820.0
10.0
0.32
0.67
1.13
14
U132

 

830.1
849.0
18.9
2.13
3.16
1.58
58
U132

 

855.5
984.0
128.5
1.61
3.30
4.77
72
U132

incl.

855.5
948.0
92.5
2.07
4.18
6.40
96
U132

incl.

903.4
948.0
44.6
2.54
5.54
10.96
126
U132

 

999.2
1028.1
28.9
0.51
1.16
0.88
10
U133

 

715.5
741.7
26.2
2.39
3.17
2.27
68
U134

 

680.0
757.4
77.4
1.62
3.59
2.64
64
U134

incl.

685.0
740.1
55.1
2.01
4.56
3.36
83
U134

incl.

720.0
725.0
5.0
3.68
3.94
5.73
94
U135

 

665.2
733.5
68.3
1.88
3.23
2.99
68
U135

incl.

670.0
723.2
53.2
2.24
3.84
3.60
82
U135

incl.

670.0
698.6
28.6
2.41
4.82
3.01
94
U136

 

673.0
736.7
63.7
3.77
5.40
7.19
128
U136

incl.

676.0
694.9
18.9
3.68
7.04
4.91
153
U136

incl.

701.0
736.7
35.7
4.60
5.68
10.00
141
U136

 

761.0
781.0
20.0
1.35
2.03
0.59
29
U136

 

826.2
830.0
3.8
2.16
8.83
0.19
57
U136

 

857.5
877.5
20.0
0.81
1.06
1.52
15
U139

 

542.8
563.5
20.7
1.98
3.04
3.03
65
U139

incl.

548.3
563.5
15.2
2.42
3.70
3.79
81
U142A

 

581.4
644.9
63.5
2.45
3.87
3.35
68
U142A

incl.

587.5
591.0
3.5
2.51
9.40
3.68
81
U142A

incl.

599.4
633.0
33.6
2.80
4.01
4.40
77
U142A

incl.

636.5
644.9
8.4
4.43
5.71
4.56
121
U142A

 

665.0
691.6
26.6
1.44
2.46
1.66
56
U142A

incl.

670.0
676.0
6.0
2.27
4.09
3.79
97
U142A

incl.

679.9
691.6
11.7
1.60
2.59
1.74
61
U142A

 

705.4
707.5
2.1
0.50
0.61
0.34
13
U142A

 

710.9
715.5
4.6
0.53
0.58
2.86
16
U142A

 

741.6
746.1
4.5
1.40
2.50
0.12
40
U142A

 

750.4
756.4
6.0
0.62
0.63
3.48
28
U142A

 

766.5
768.5
2.0
1.63
1.02
4.27
33
U142A

 

817.7
827.1
9.4
0.71
1.08
0.46
26
U142A

 

829.1
840.4
11.3
1.28
2.08
0.68
37
U146

 

1053.2
1101.5
48.3
0.82
1.38
1.63
35
U146

incl.

1074.9
1087.0
12.1
1.63
2.55
4.55
70
U146

 

1137.0
1155.5
18.5
1.32
2.47
0.81
39
U146

 

1173.2
1184.3
11.1
1.05
1.45
0.95
24
U146

 

1196.5
1223.4
26.9
1.34
2.40
1.38
36
S148A

 

975.5
997.9
22.4
0.53
1.43
1.35
13
No significant results were encountered in holes U129, S137, U138, S140, U141, S143-145, S147 and S147A

Holes denoted with a "U" above were drilled from stations spaced along an adit and are drilled with a range of different azimuths and dips. Holes denoted with an "S" were drilled from surface. Underground drilling proceeded in fan patterns from drill stations. True widths of intersections have not yet been accurately established.

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. (TSX-V: HTR) is a Vancouver-based exploration and development company focused on advancing the high-grade mine development opportunity at the Niblack Project. The Company holds a 60% interest in the Niblack Project, and a 60% interest in the mid-stage Delta copper-lead-zinc-gold-silver project, located in east-central Alaska. Heatherdale is associated with the Hunter Dickinson group, which has a track record of successful mineral exploration and development projects around the world.

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: Wed Nov 16, 2011, Heatherdale Announces Positive Exploration Results From The Delta VMS Project, Alaska

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