Aldever Resources Inc. (ALD—TSXV) (ALDVF—OTCQB) (17G1—Frankfurt) is pleased to announce that it has entered into an agreement with an arms’-length vendor to acquire a 100% interest in the Lac D’Or Claims, which will form part of the Company’s Urban Barry Gold Project (the “UB Project”). The four claims cover an area of 224 hectares of prospective greenstone geology, east of the main project area and wholly contained within Oban Mining’s Urban Barry project. The claims (which cover portions of Lac D’Or, Lac Lacroix and Lac Hebert) have excellent discovery potential and are situated in the same geologic formation as Bonterra’s Gladiator discovery, approximately 13km to the west.
With this acquisition Aldever now controls 1521 hectares in this prolific region, approximately 18 kilometers east of, and within the same geological district as, Oban Mining’s Windfall Lake Deposit, which has a an estimated mineral resource*of 748,000 ounces of gold at 8.42 g/t gold in the indicated category, and 860,000 ounces of gold at 7.62 g/t gold in the inferred category.
* Source: Oban Mining Corporation website - SRK (Canada) November 2014 Technical Report. These estimates of gold resources are sourced from publicly available materials and are not located on the Urban Barry Property. Aldever has not undertaken any independent investigation of the production/resource estimates, nor has it independently analyzed the publicly available results.
Aldever can earn a 100% interest in the Lac D’Or Claims by issuing to the vendor 900,000 common shares within 5 days of TSX Venture Exchange Approval, paying $50,000 in 18 months and incurring $200,000 in qualifying exploration expenditures over a five year period. A 1% GOR (Gross Overriding Royalty) has been granted to the vendor, of which 0.5% may be purchased by Aldever for $1,000,000. This transaction is subject to TSX Venture Exchange Approval.
The technical contents of this news release have been prepared under the supervision of Dr. Peter Born, P. Geo. Dr. Born 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) 622-1199
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.