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Heatherdale Initiates Drilling at Delta VMS Project, Alaska

August 18, 2011

August 18, 2011, Vancouver, BC -- Heatherdale Resources Ltd. ("Heatherdale" or the "Company") (TSXV: HTR) has commenced an initial exploratory drilling program at the Delta Project, located in east-central Alaska about 19 miles from the Alaska Highway. One drill rig has been mobilized to test copper-lead-zinc-silver-gold volcanogenic massive sulphide (VMS) targets identified on the property.

Along with the drilling program, Heatherdale's exploration team is further evaluating and sampling a variety of other potential drill targets on the property. Excellent progress has been achieved during the first weeks of the program.

Commenting on the Delta exploration program, Company President & CEO Patrick Smith stated, "The Heatherdale technical team has done an excellent job defining top rank targets for drill testing. These exciting new targets are the result of detailed compilation of historic data combined with analysis of the airborne Versatile Time Domain Electro-Magnetics (VTEM) geophysical survey completed over entire Delta district in 2010. We look forward to testing these initial targets with this first round of drilling while our exploration team continues to generate important new targets across the property."

The Delta Project covers an under-explored VMS district. Work by previous operators revealed numerous occurrences of massive sulphides in three southeast to northwesterly trending horizons that extend over 12 miles. There is strong potential for expansion of known resources and to discover new deposits.

The 39,840-acre property is located in an area of moderate to steep relief in east-central Alaska and hosts an airstrip suitable for 3000-lb capacity aircraft. The community of Tok is located 36 miles to the east at the confluence of the Alaska and Glenn highways. From Tok, Fairbanks is located approximately 205 miles northwest along the Alaska Highway and Anchorage is located 323 miles southwest along the Glenn Highway; both cities are significant commercial and mining service centers. In addition, Sumitomo's Pogo gold mine and Kinross' Fort Knox gold mine are situated about 85 miles and 160 miles northwest, respectively, of the project.

Heatherdale Resources Ltd. is a Vancouver-based exploration and development company focused on advancing mineral projects in Alaska. The Company has acquired a 60% interest in the Delta Project, with the option to acquire 100% interest. The mid-stage Delta project complements Heatherdale's interest in the more advanced stage Niblack copper-gold-zinc-silver project in southeast Alaska, and provides a longer term development opportunity. Heatherdale is associated with the Hunter Dickinson group, a private company with a track record of successful mineral exploration and development projects around the world.

Mark Rebagliati, P. Eng., a Qualified Person as defined under National Instrument 43-101, is supervising the exploration and quality assurance and quality control programs on behalf of Heatherdale and has reviewed the content of this release.

For further details on Heatherdale Resources Ltd., please visit www.heatherdaleresources.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.

On behalf of the Board of Directors

Patrick Smith
President & CEO

 

 

 

 

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.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, potential environmental issues and liabilities associated with exploration, development and mining activities, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.

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