Aldrin Commences Airborne Magnetic and Electro Magnetic Survey at Patterson Lake and Announces Private Placement
Published : May 28, 2013
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Keywords :   Market | Report | Uranium |

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 28, 2013) - Aldrin Resource Corp. ("Aldrin") (News - Market indicators) is very pleased to announce the immediate commencement of a high-resolution airborne magnetic and electromagnetic geophysical survey covering the Triple M Property ("Property"). The survey is being flown by Aeroquest Airborne, a division of Geotech, using their advanced helicopter-borne, time domain electromagnetic VTEM plus system and magnetic gradiometer. The survey will cover all of the Triple M Property at 200 m line spacing, and is expected to begin flying today. Flying the survey over the Property is anticipated to take 6 to 9 days.

The survey is designed to detect conductors and magnetically defined structures that may define targets for uranium mineralization. Such conductive and magnetic anomalies may extend the mineralized structures associated with Alpha Minerals Inc and Fission Uranium's ("Alpha/Fission") reported high-grade Patterson Lake discovery 10 km east on the adjacent property to the Triple M Property. Alpha/Fission reportedly used a similar Aeroquest VTEM airborne survey to define conductors associated with their high-grade intersections on their Patterson Lake property, based on information contained in Alpha's recently released independent technical report available on SEDAR (dated April 23, 2013). Some maps in that technical report suggest that VTEM conductors extend to the contiguous edge of the Triple M Property with the Patterson Lake discovery property. Geology is indicating that the conductors and structures may extend onto the Triple M Property from the Patterson Lake discovery and this will be confirmed by the airborne survey.

Aldrin's Triple M Uranium Property is located in the Patterson Lake Area of Saskatchewan within the Athabasca Basin. The property consists of 6 claim blocks totalling 12,001 ha and is bordering the Fission Uranium Corp./Alpha Minerals Inc. discovery at Patterson Lake 9 km south to 11 km west of their recent discovery.

Aldrin also wishes to announce a non-brokered private placement consisting of up to 12,500,000 units at a price of C$0.08 per unit. Each unit is comprised of one common share and one half warrant. Each whole warrant will entitle the holder to purchase an additional common share of Aldrin at C$0.18 for 1 year.

ON BEHALF OF THE BOARD OF DIRECTORS

Johnathan More, CEO and Director

Issued Share Capital: 40,600,000

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Aldrin Resource Corp.
604-687-7741
604-662-3904 (FAX)

Aldrin Resource Corp.

EXPLORATION STAGE
CODE : ALN.V
ISIN : CA0144311002
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Aldrin Resource is a exploration company based in Canada.

Its main exploration properties are KEYSTONE, LONGLINE, BREW and IND in Canada.

Aldrin Resource is listed in Canada. Its market capitalisation is CA$ 4.5 millions as of today (US$ 3.4 millions, € 3.2 millions).

Its stock quote reached its highest recent level on June 04, 2010 at CA$ 5.94, and its lowest recent point on November 17, 2016 at CA$ 0.07.

Aldrin Resource has 47 390 000 shares outstanding.

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Financings of Aldrin Resource Corp.
2/19/2014Announces Up to $750,000 Non-Brokered Private Placement and ...
Nominations of Aldrin Resource Corp.
9/24/2013Appoints Mr. Thomas S. Drolet
9/17/2013Appoints Mr. Bryan Trottier to Advisory Board
9/5/2013Appoints Mr. Graydon Kowal to Board of Directors
Project news of Aldrin Resource Corp.
4/7/2011(Brew)Expedition Announces Exploration Program on the Brew Propert...
Corporate news of Aldrin Resource Corp.
9/30/2015Aldrin Provides Update on New Discoveries in the Triple M Pr...
9/17/2015Aldrin Appoints New Director
2/10/2015Aldrin Partners With Take-Over Target Fission Energy
2/9/2015Randhawa Joins Board of Aldrin
2/5/2015to Acquire 50% of Fission 3.0's Key Lake Package for $6.9M S...
2/5/2015Aldrin to Acquire 50% of Fission 3.0's Key Lake Package for ...
11/25/2014Aldrin Announces Exploration Plans on the Anticline Target
11/19/2014Aldrin Announces $450,000 Non-Brokered Private Placement and...
8/14/2014Aldrin Announces Director Appointment
7/31/2014Aldrin Announces Exploration Plans on the Anticline Target
6/27/2014Aldrin Announces Uranium Laboratory Analytical Results on th...
6/19/2014Aldrin Intersects Additional Elevated Radiation on the Antic...
5/29/2014IIROC Trading Resumption - ALN
5/29/2014Aldrin Discovers Significant Radioactive Mineralization in F...
5/28/2014IIROC Trading Halt - ALN
5/13/2014Aldrin Resumes Drilling on the Triple M Uranium Property
5/2/2014Aldrin Announces Director Changes and Grant of Stock Options
4/22/2014Aldrin Provides Drilling Update-Strong Alteration and Graphi...
4/10/2014Aldrin Announces Director Resignation
3/25/2014Aldrin Commences Drill Program
3/24/2014Aldrin Announces $500,000 Non-Brokered Private Placement
10/30/2013Appoints Mr.Edward Marlow to Board of Directors and Increase...
8/20/2013Commences Field Work on the Triple M Property Adjacent to Pa...
8/1/2013Appoints Harrison Cookenboo, Ph.D., P.Geo., as Vice Presiden...
7/24/2013Commences Airborne Radiometrics Survey, and Completes VTEM I...
7/19/2013Closes Private Placement Financing and Acquisition of Triple...
6/18/2013Discovers 2 Basement Conductive Trends on the Triple M Prope...
6/12/2013Adds Infill Lines to Ongoing Airborne Geophysical Survey at ...
5/28/2013Commences Airborne Magnetic and Electro Magnetic Survey at P...
4/15/2013Acquires Large Uranium Property Along Strike and Adjacent to...
9/7/2012Provides Corporate Update
6/24/2011(Ind)Reports on Trench Expansion at IND Project-Reacquires 100% I...
4/13/2011Announces Expansion Into Nevada Exploration
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