- 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
