FinTechFunding

Alderan Resources: Receives final drill results from Cactus Canyon

  • Alderan Resources (AL8) has announced the final drill results from the first drill hole at the Cactus Canyon Prospect in Utah
  • Cactus Canyon lies within the company’s Frisco copper-gold-silver project in Utah, U.S.
  • Kennecott has the potential to earn a 70 per cent interest in Frisco by spending US$30 million (around A$41.6 million) on exploration
  • Grades peaked at 1.9 per cent copper, 0.62g/t gold and 7.1g/t silver
  • Results from the remaining three holes expected in the coming weeks
  • Alderan is up a healthy 18.2 per cent and shares are trading for 13 cents each
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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