Aldershot Stakes Magnetite and REE Claimsadmin
Royal USA Inc., a wholly owned subsidiary of Aldershot, began exploration operations for its Utah Iron Sands Project in west central Utah
– 242 Unpatented Placer Mining Claims staked (Approx. 4,800 acres -1,940 ha)
– Shallow, free digging magnetite sands from surface to 100 feet (30m)
– 60+ field samples collected
– Characteristics of the exploration target may prove an attractive mining opportunity
February 21, 2014 / ACCESSWIRE / Aldershot Resources Ltd. (TSX.V-ALZ) (“Aldershot” or the “Company”) through Royal USA Inc., a wholly owned subsidiary of Aldershot, recently completed an initial evaluation of a magnetite rich area in Juab County, Utah, and subsequently, the Company launched the Utah Iron Sands Project (“Project”). A significant land package has been created in the Project area through the staking of 242 Placer Mining Claims.
A recent evaluation of the mineral sands in the Project area by J. G. Pearson and C. R. McDonald for Great Western Minerals Group Ltd., which utilized aeromagnetic and radiometric surveys, geological mapping, surface sampling and drilling (900+ shallow ~20 foot -6m holes and 80+ averaging 70 feet – 21m), support the possibility of a large magnetite resource. The area may also contain recoverable quantities of Rare Earths.
In an effort to better delineate the prospect, field activities were carried out over the last couple of months, which included additional mapping of the area and the collection of over 60 shallow surface samples that are currently being analyzed.
The Project area is located north west of Delta, Utah, and is readily accessible by sealed and all-weather roads. There is easy access to nearby rail heads, which would allow the magnetite concentrate product to be exported overseas through west coast ports or transported to the USA’s domestic steel industry. In addition, power should be readily available from the USA’s largest coal fired power generator located at Delta.
The targeted mineralisation occurs as near-surface magnetite-rich unconsolidated sands. These characteristics pose an attractive mining proposition.
About Royal USA Inc.
Royal is a mineral exploration and development company focused on mineral resources in the United States of America. Royal utilizes an acquisition selection process that ensures each property takes advantage of Aldershot’s skilled analytics, jurisdictional awareness, and close industry relationships to shorten the path to production.
Royal recently completed a very successful project at its Sage Plain Project. Royal initiated an exploration project in the Sage Plain area located approximately 15 miles east of Monticello, Utah. Royal then entered into a 50:50 partnership with Energy Fuels Resources (“EFR”) to form the Colorado Plateau Partners LLC. Royal was the manager of the Sage Plain Project through the exploration portion of development. As was previously reported, the Sage Plain Project is in the mine permitting phase and was recently sold to Energy Fuels Inc. (TSX-EFR).
About Aldershot Resources Ltd.
Aldershot Resources Ltd., based in Vancouver, Canada, is a mineral exploration company with a portfolio of magnetite, uranium and vanadium properties in the United States. Shares of the Company are listed for trading on the TSX Venture Exchange and there are 159,742,975 shares outstanding.
Qualified Person Statement
Michael G. Leidich, P.Eng., a qualified person as defined in NI 43-101, has reviewed and approved this news release but has not verified the data disclosed above, nor done any sampling, analytical, or test data underlying the information or opinions contained in the disclosures included in this Press Release.
FOR AND ON BEHALF OF THE BOARD
ALDERSHOT RESOURCES LTD.
“Michael G. Leidich”
President and Chief Executive Officer
FOR FURTHER INFORMATION PLEASE CONTACT:
Aldershot Resources Ltd
Michael G. Leidich
President and Chief Executive Officer
This news release contains certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended and “Forward Looking Information” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements and forward-looking information that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time-to-time with the British Columbia and Alberta Securities Commissions.
Posted: February 21st, 2014 under ACCESSWIRE.