Dalradian Resources Down 2% After Expanded Gold Estimate Largely Found in Indicated Category
Dalradian Resources Inc. (DNA.TO) is now off 4 cents, slipping nearly 2% at $2.00 a share and giving back an earlier 10-cent advance despite reporting a 73% increase in measured and indicated gold resource at its Curraghinalt deposits in Northern Ireland.
The new estimate finds a combined measured and indicated resource of about 1.13 million tons of ore with an average grade of 13.00 grams of gold per ton -- or about 470,000 ounces of contained gold. Only 10,000 ounces, however, is in the measured category.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
