2011 No. 11 TSX: DNA, DNA.WT Dalradian Reports Regional Gold and Base Metal Targets for the Tyrone Project. Drill Rig 6 Arrives to Start Scout Drilling Program TORONTO, ONTARIO - (Marketwire - July 28, 2011) - Dalradian Resources Inc. ("Dalradian" or the "Company") (TSX:DNA) (TSX:DNA.WT) is pleased to announce the completion of a Phase I prospecting campaign at its Tyrone Project in Northern Ireland. At least 19 gold and base metal targets have now been identified using data from this recent program, historic exploration data and the Tellus Project. Drilling details for a Phase II scout program will be announced shortly. CEO Patrick F. N. Anderson states, These targets demonstrate the pervasive nature of gold and base metals mineralization throughout our license areas. With this data in hand we are planning and preparing to execute an aggressive and systematic regional drilling program. Elements of this plan are already in place and a dedicated drill is currently on the property. The regional prospecting program involved four field groups working through Q1 and Q2 2011. They covered approximately half of the Tyrone Project area and took more than 900 outcrop and float samples. These samples served to compliment an existing historic database of over 1500 prospecting samples. License Total Outcrop Float Other Au Values (g/t) Significance DG-01 461 40 300 121 up to 172.9 287 samples over 0.25g/t Au DG-02 691 81 299 311 up to 112.2 227 samples over 0.25g/t Au DG-03 350 31 246 73 up to 209.9 83 samples over 0.25g/t Au DG-04 261 21 233 7 up to 187.0 17 samples over 0.25g/t Au 2011 Program License Total Outcrop Float Au Values (g/t) Significance DG-01 316 139 177 up to 44.96 88 samples over 0.25g/t Au DG-02 270 144 126 up to 5.48 31 samples over 0.25g/t Au DG-03 184 86 98 up to 14.08 22 samples over 0.25g/t Au DG-04 159 97 62 up to 2.07 2 samples over 0.25g/t Au Page 1 of 7
The concessions cover two distinct geological environments, the Dalradian Supergroup of predominately metasediments to the north and the Tyrone Volcanic Group, an igneous complex, to the south. Each of the two terrains offers targets for follow up and scout drilling. Tyrone Volcanic Group Targets Target Name TVG1 TVG2 TVG3 TVG4 TVG5 TVG6 TVG7 750m x 350m 2.9km x 1.9km 750m x 500m 350m x 300m 4.5km x 700m 3.5km x 2.2km 1.2km x 1km Target defined by drilling, trenching, magnetic high, Au soil EM, Au and Zn-Pb-Cu soil Au soil geochemistry and mineralized float. drilling and trenching, EM, Au soil EM, IP, magnetics, Zn-Cu soil EM, Au soil EM and IP, Zn-Cu soil Significant samples Trench: 1.5m at 4.4g/t Au 1.6g/t Au and 4.3% Cu+Pb+Zn from outcrop. 5.5g/t Au from quartz float. shallow drillhole: 3.63m at 30.1g/t Au. : 4.5g/t Au in ironstone 2.2g/t Au and 3.0% Cu+Pb+Zn from outcrop. : 1.9g/t Au in float Sample Type Trench Drillhole Geology Auriferous chertmagnetite horizon. Interpreted to be exhalative unit. Outcrop of altered tuffs in poorly exposed area. Rhyolite tonalite contact with abundant angular quartz float with visible gold. Rhyolite breccia with gold and base metals. Airborne geophysics shows new EM anomalies. Mineralized ironstone overlying altered tuffs and basalts. Auriferous rhyolite breccias and tuffs with galena and sphalerite. Altered volcanic tuffs with quartz veins. Drilling 2 shallow 15 shallow 15 shallow Dalradian Supergroup Targets Target Name DSG1 DSG2 7km x 600m 2km x 50m Target defined by EM, IP, and mineralized subcrop Significant samples Trench: 9.5m at 5.6% Zn+Pb. : 141.2g/t Au Recent prospecting: 33.9g/t Au 10.5g/t Au Sample Type Trench and Geology Metasediment hosted quartz vein and stratiform gold and base metal mineralization. Graphitic pelite hosted breccia zone up to 50m wide and 2km long. Drilling 12 shallow Page 2 of 7
DSG3 1.8km x 375m Mineralized float. 44.9g/t Au and 32.8g/t Au Quartz float 200m east of drilled mineralization at Curraghinalt. DSG4 1.5km x 700m Channel: 0.88m @ 39.4g/t Au. Channel Quartz vein 2km east along strike from Curraghinalt. DSG5 DSG6 DSG7 DSG8 DSG9 1km x 600m 7.5km x 600m 2.5km x 650m 2.3km x 1.7km 2km x 1.5km drilling, and and float Au soil geochemistry and mineralized float. Au soil geochemistry and mineralized float. shallow drillhole: 0.6m @ 61.4g/t Au 22.4g/t Au from quartz float. 3.4g/t Au from silicified metasediment float. 11.7g/t Au from float 14.1g/t Au from quartz float with pyrite. 8.2g/t Au from silicified metasediment float. 2.9g/t Au from outcrop. Drillhole Quartz vein 4.5km west along strike from Curraghinalt. Wide range of float styles in river valley. Quartz float in river valley. Float train of silicified metasediments and quartz veins. Silicified quartzite with disseminated and fracture fill pyrite. 44 shallow DSG10 2.3km x 0.9km 1.6g/t Au from graphitic pelite outcrop. 1.9g/t Au from outcropping quartz vein. Silicified graphitic pelite and quartz veins. 3 shallow DSG11 DSG12 4km x 1km 2km x 1km 2.3g/t Au from float. 2.1g/t Au from outcrop. Quartz breccias with pyrite in metasediments. Quartz vein with pyrite. The Tyrone Volcanic Group is an environment favourable for the formation of Volcanogenic Massive Sulphide (VMS) deposits. It is interpreted to have a similar origin as the Buchans VMS camp in Newfoundland and contains an abundance of float with VMS-style mineralization. Gold and base metal mineralization is most prevalent within the upper part of the volcanic sequence. prospecting results include siliceous tuff assaying 16.1% Pb and 1.5g/t Au; and chloritic tuff assaying 8.8% Zn, 1.2% Pb and 1.7g/t Au. In the Dalradian Supergroup, the highest priority exploration targets are within the Curraghinalt structural corridor, an area of approximately 8km of strike length and 3km width, centred on the Curraghinalt mesothermal gold deposit. Qualified Person Page 3 of 7
EurGeol Garth Earls, Managing Director, Dalradian Gold Limited, is the Qualified Person who supervised the preparation of the technical data in this news release. Omac Laboratories Ltd. (ISO/IEC 17025 accredited) of Loughrea, Republic of Ireland, performed the assays. Dalradian Resources Inc.: A golden opportunity in Northern Ireland Dalradian is a Canadian-based exploration company working to increase its gold resources at its approximately 84,000-hectare Tyrone Project, which encompasses its flagship Curraghinalt mesothermal gold deposit, in counties Tyrone and Londonderry in Northern Ireland. Its active exploration program is underway with six drill rigs operating on the Tyrone Project. Curraghinalt hosts an NI 43-101 compliant indicated mineral resource of 0.95 MT grading 13.24 g/t gold for 400,000 contained ounces and inferred mineral resource of 2.46 MT grading 14.64 g/t gold for 1.16 million contained ounces. Dalradian's NI 43-101 report, "A Mineral Resource Estimate for the Curraghinalt Gold Deposit and a Review of a Proposed Exploration Program for the Tyrone Project, County Tyrone and County Londonderry, Northern Ireland" is dated May 10, 2010, and prepared by Micon International Limited. Dalradian's common shares and warrants are listed on the Toronto Stock Exchange under the symbols DNA and DNA.WT respectively. For further information, please see www.dalradian.com. For more information, please contact: Dalradian Resources Inc. Shae-Lynn Mathers Director, Investor Relations +1.416.583.5622 investor@dalradian.com www.dalradian.com Forward-looking Information This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, spending commitments, future operations, results of exploration, future work programs, capital expenditures and objectives. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results (including mineralization) and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in the Company's prospectus under the heading "Risk Factors." There can be no assurance that such information will prove to be accurate, as actual results (including mineralization) and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forwardlooking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. Page 4 of 7
Figure 1: 2011 DG-01 DG-04 Page 5 of 7
Figure 2: DG-01 DG-04 Page 6 of 7
Figure 3: Target Location Map Page 7 of 7