February 25, 2016—Aldever Resources Inc. (ALD—TSXV) (ALDVF—OTCQB) (17G1—Frankfurt) (“Aldever” or (the “Company”) is pleased to announce that it has completed a detailed study and review of all available exploration data on the Lac Villebon Gold Project (“the Project”), located in the Val-d’Or mining camp, Quebec and on the strength of this assessment, combined with a recent site visit, management has designed a series of ground-based exploration programs, including diamond drill testing of high-priority targets.
The area covered by the Lac Villebon claims has seen only limited investigation, this despite the fact that gold deposits and mineralized showings are common in the district, and are predominantly related to the regional Cadillac Tectonic Zone (“CTZ”). In the region, the CTZ is known to host shear-zone and disseminated-type gold, iron-formation hosted gold and massive sulphide related gold deposits—all of which combine to define the district as a prolific gold production camp.
Regional-scale airborne geophysical (magnetic) surveys have defined a splay of the prolific CTZ bisecting the Company’s claims from north to south. It is this anomalous magnetic break that represents the principle target at the Lac Villebon Gold Project: five kilometers of strike length interpreted as a large regional fault system which intersects the Cadillac Break, a major tectonic zone. The Cadillac Break is characterized by intense shearing near the contact between the Pontiac Group and the Malartic Group lithological packages and is considered to be one of the most important metallogenic features in the Val-d’Or mining camp. Several past producers (such as East Malartic, Barnat-Sladen, and O’Brien) and recent discoveries, such as Agnico Eagle’s Lapa and Goldex deposits, are spatially associated with the Cadillac Break and/or related subsidiary structures.
Aldever intends to complete a suite of ground-based exploration programs designed to identify mineralized structures associated with the CTZ. Specifically, targeted grid-based soil geochemical sampling with coincident geologic mapping and prospecting will be the main focus of Phase 1 exploration activities. Geophysical surveys (ground magnetics, VLF-EM and Beep Mat surveys) will cover the extent of the airborne magnetic anomaly and any identified soil geochemical anomalies will be used to prioritize drill targets. Based on the success of Phase 1 activities, which should commence in mid-March 2016, short-hole and long-hole diamond drilling will be conducted.
President Clive Massey commented, “The Board is extremely excited about its footprint in the Val-d’Or Mining Camp, which is, without exception, one of Canada’s most prolific mining camps. The detailed data review and analysis carried out by the Company has outlined a large area of interest on the Project which will be the primary focus of Aldever’s first phase of mineral exploration on the Property. We look forward to testing the mineral potential of this intriguing new Project.”
New maps and visualizations of Aldever’s Lac Villebon Project and compilation maps from the target study can be viewed at www.aldever.com.
About the Lac Villebon Project
The Lac Villebon Gold project covers an area of approximately 855 hectares on the western shore of Lac Villebon, and the Project’s mineral claims are contiguous with the southern border of Alexandria Minerals’ Cadillac Break Property Group. The Project is 31 kilometers southeast of the historic Sigma and Lamaque Mines, which are currently controlled by Integra Gold Corp. and produced ~ 9.1M oz Au*. The Lac Villebon Gold Project is also ~18km southeast of Agnico Eagle Mines Limited’s Akasaba West Mine, which was acquired from Alexandria Minerals Corporation in 2014 and hosts an indicated gold resource* of approximately 200,000 oz Au. Other active companies in the immediate area include Glencore (GLNCY), 1.5km to the south, and Monarques Gold Corporation (MQR-V) and Cartier Resources Inc. (ECR-V) to the northeast. The project is easily accessible year-round by the Trans-Canada Highway and is a 40 minute drive from the city of Val-d’Or.
*These estimates of gold production and resources are sourced from publically available materials from other companies active in the Val d’Or Mining Camp and are not located on the Lac Villebon Property. Aldever has not undertaken any independent investigation of the production/resource estimates nor has independently analyzed the publically available results.
The technical contents of this news release have been reviewed by Abby Peterson, Géo. Ms. Peterson is a Qualified Person as defined in NI 43-101, and has approved this news release.
For further information, please contact:
Clive Massey, President
Aldever Resources Inc.
Phone: (604) 644-6794
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. Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward‐looking statements”. Forward‐looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward‐looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward‐looking statements.