Aldershot Stakes Magnetite and REE Claims
February 21 2014 - 1:40PM
Access Wire
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
(303) 955-5820
Email: info@aldershotresources.com
Website: http://www.aldershotresources.com/
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.
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