ALR

Alder Resources Ltd. ("Alder" or the "Company") (TSX VENTURE:ALR) is pleased to
provide exploration and corporate highlights for the Rosita Project in northeast
Nicaragua (Figure 1). Highlights include:




--  Expanded Tipispan porphyry target footprint to 350 metres by 250 metres
    and open in all directions.

--  Discovery of new target (Naranjal) defined by coincident soil
    geochemical anomalies over an area 500 metres by 400 metres located 2
    kilometres northeast of Tipispan porphyry prospect.

--  Commencement of metallurgical testing of tailings material focused on
    recoverable gold and silver.

--  Composite sample of North stockpile collected for metallurgical testing.



Company President and CEO, Joseph Arengi, states: "Delineating a high grade
supergene blanket associated with high angle structures above a
copper-silver-gold porphyry system at Tipispan was a milestone achievement by
our exploration team. We now have drill-ready targets that are continuing to be
refined by the ongoing work programs. The exploration team continues to discover
high quality targets that are expected to add significant value to the Company
going forward."


Tipispan Porphyry Copper Target

The Company has advanced the Tipispan porphyry copper prospect through trenching
and soil sampling (Figure 1). Historic drilling from 2010 intersected porphyry
style alteration and mineralization in two drill holes located 250 metres apart.
One hole, designed to test high grade copper oxide mineralization in an old
prospect pit, returned 0.42% Cu and 7.00 g/t Ag over 50.0 metres within a wider
zone that returned 0.21% Cu and 3.49 g/t Ag over 117.0 metres. Trenching by
Alder returned high grade copper-gold-silver-lead-zinc mineralization in
supergene oxide zones in several intervals from three trenches located above and
north of this drill hole. Trench results are summarized in Table 1. The second
drill hole was designed to test for extensions of gold-bearing material worked
by artisanal miners. This hole returned 0.51% Cu, 0.25 g/t Au and 10.41 g/t Ag
over 11.5 metres within a wider low grade interval that returned 0.13% Cu, 0.16
g/t Au and 2.11 g/t Ag over 61.9 metres. Grab samples collected from artisanal
miners workings at two sites 50 metres and 100 metres northwest of the drill
hole collar returned 4.18% Cu, 1.46 g/t Au, 34.50 g/t Ag, 11.15% Pb and 12.62%
Zn and 4.46% Cu, 10.84 g/t Au, 97.40 g/t Ag, 0.33% Pb and 3.28% Zn,
respectively. The high grade, polymetallic mineralized zones obtained from
trenching and grab sampling are interpreted as high angle structures that
transect the broad porphyry style mineralization intersected in the two historic
drill holes. These structures served as conduits for mineralizing hydrothermal
fluids. These drill intercepts have not yet been followed up. Collectively, the
footprint of the Tipispan porphyry target is 350 metres by 250 metres and open
in all directions.




                                                                            
Table 1. Summary of assay results from trenching at Tipispan.               
----------------------------------------------------------------------------
                 Length(i)        Cu        Au        Ag        Pb        Zn
Trench                 (m)       (%)     (g/t)     (g/t)       (%)       (%)
----------------------------------------------------------------------------
                                                                   less than
10                     8.3      1.65      0.17     23.25      0.10      0.10
----------------------------------------------------------------------------
                                                                   less than
11                    12.0      0.22      0.10      1.64      0.15      0.10
----------------------------------------------------------------------------
12                     6.5      7.48      2.36    316.13      1.40      3.28
----------------------------------------------------------------------------
                       6.0      2.66      0.28    113.11      0.16      1.70
----------------------------------------------------------------------------
                       3.0      5.04      0.49    225.40      0.16      3.30
----------------------------------------------------------------------------
13                    12.1      5.21      4.40    144.01      2.42      0.67
----------------------------------------------------------------------------
including              2.0      0.48     11.30     48.80      0.33      0.19
----------------------------------------------------------------------------
and                    5.3     11.31      3.00    284.67      4.92      1.30
----------------------------------------------------------------------------
14                    Low grade                                             
----------------------------------------------------------------------------
(i) Width represents sampled width; true widths are unknown at this time.   



The soil sampling program at Tipispan is designed to delineate the extent of
high grade multi-element values observed in trenches within a supergene oxide
blanket. Results from the sampling have confirmed a broad, multi-element anomaly
including Cu values up to 0.12% and Au values up to 1.68 parts per million over
a width of approximately 200 metres across a north-northwest trending zone. The
nature of the mineralization observed from drill hole and trench sampling
combined with the multi-element geochemical signature suggests endoskarn
base-metal mineralization within a granite host that is controlled by a
north-northwest structure. The geochemistry suggests mineralization may be
associated with a porphyry style Cu system and associated epithermal to
sub-epithermal Au mineralization.


Naranjal Target

Naranjal is a new prospect located two kilometres northeast of Tipispan and four
kilometres northwest of the Santa Rita pit. The prospect consists of coincident
Cu-Au-Ag-Pb-Zn-Bi soil geochemical anomalies that lie along the flank of an IP
chargeability high. The anomaly is 500 metres by 400 metres and is currently
being tested with detailed soil sampling. Naranjal appears to be a strongly
altered skarn that is associated with locally intense sulphide-bearing quartz
stockwork veining. The geochemical signature suggests the stockwork veining may
be epithermal in style.


Stockpile and Tailings Development

Alder is currently exploring ways to advance the development of the tailings and
stockpile mineral resource at Rosita. Metallurgical testing of tailings material
is underway and testing of stockpile material is planned to begin shortly. This
work will provide the basis for future economic modeling and a scoping study
with respect to a small scale production facility.


The stockpiles contain a 7.95 million tonne inferred mineral resource grading
0.62% Cu, 0.46 g/t Au and 9.2 g/t Ag (see news release dated May 9, 2012) with
considerable upside for additional tonnage from high grade supergene
copper-oxide zones in the Bambana area, 4 kilometres northeast of the stockpile
resource.


The Company will also address quantifying the tailings material and evaluate the
economic viability of extracting gold and silver.


Corporate

The Company has implemented a temporary cost reduction strategy that includes
reduced salary for management, the elimination of directors fees and a temporary
reduction in exploration activities in Nicaragua. Exploration efforts will carry
forward with a reduced staff and will focus on detailed soil sampling and
trenching in high priority areas at the emerging porphyry copper target at
Tipispan and the new target at Naranjal.


Given the current market conditions, the Company has decided to terminate the
second tranche of its previously announced private placement financing (see news
releases dated February 21, 2013 and March 21, 2013). The Company has sufficient
cash to continue with a reduced exploration program.


Qualified Person

Joseph Arengi, M. Sc., P. Geo., President and Chief Executive Officer of Alder
and a qualified person as defined by NI 43-101, has reviewed and approved the
scientific and technical content of this news release.


About Alder Resources Ltd.

Alder is a resource company focused on the development of gold and base metal
projects throughout the Americas. Alder's current high priority Cu-Au-Ag
porphyry target is the Rosita project in Nicaragua located 275 kilometres
northeast of Managua. The company has a current Inferred mineral stockpile
resource of 7.95 million tonnes grading 0.62% Cu, 0.46 g/t Au and 9.21 g/t Ag
with numerous zones that have good near term potential to add to and enhance
these resources. See the technical report entitled "Rosita Cu-Au-Ag Project,
RAAN, Nicaragua, NI 43-101 Technical Report on Mineral Resource Estimate of
Rosita Stockpiles" effective as of May 8, 2012, which is available under the
Company's profile at www.sedar.com. Alder is also highly encouraged by recent
trench results that, in conjunction with previous drill results from the
Tipispan area, support management's belief of a large, untested,
copper-gold-silver porphyry/skarn system locally overlain by a high grade,
supergene enriched, oxide blanket.


In August 2011, Alder entered into an option agreement to acquire a 65% interest
in the Rosita D concession from Calibre Mining Corp. by issuing 1,000,000 shares
and incurring expenditures of $4,000,000 over four years. To date Alder has
incurred more than half of the $4,000,000 earn-in obligation.


Alder Resources Ltd.

Joseph Arengi, President & CEO                

Cautionary Note Regarding Forward-looking Information

This press release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, without limitation, statements regarding potential mineralization,
exploration results and future plans. Generally, forward-looking information can
be identified by the use of forward-looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or "will be taken",
"occur" or "be achieved". Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of Alder to be
materially different from those expressed or implied by such forward-looking
information, including but not limited to: general business, economic,
competitive, geopolitical and social uncertainties; the actual results of
current exploration activities; risks associated with operations in foreign
jurisdictions; ability to successfully integrate the purchased properties; and
other risks inherent in the mining industry. Although Alder has attempted to
identify important factors that could cause actual results to differ materially
from those contained in forward-looking information, there may be other factors
that cause results not to be as anticipated, estimated or intended. There can be
no assurance that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking information. Alder does not undertake to update any
forward-looking information, except in accordance with applicable securities
laws.


To view "Figure 1. Exploration highlights at Rosita D Concession", please visit
the following link:
http://media3.marketwire.com/docs/Figure_1_Exploration_Highlights_At_Rosita_D_Concession.pdf.


To view "Figure 2. Tipispan porphyry copper target", please visit the following
link:
http://media3.marketwire.com/docs/Figure_2_Tipispan_Porphyry_Copper_Target.pdf.



FOR FURTHER INFORMATION PLEASE CONTACT: 
Alder Resources Ltd.
Joseph Arengi
President & CEO
416-309-4296
info@alderresources.ca
www.alderresources.ca

(TSXV:ALR)
Historical Stock Chart
Von Jun 2024 bis Jul 2024

(TSXV:ALR)
Historical Stock Chart
Von Jul 2023 bis Jul 2024