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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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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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.

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