June 6, 2016—Aldever Resources Inc. (ALD—TSXV) (ALDVF—OTCQB) (17G1—Frankfurt) (“Aldever” or “the Company”) is pleased to announce that it has received chemical assays from its Phase one surface sampling program on its 100% owned Miller’s Playa Lithium Project in Southern Nevada. The sampling was carried out in April 2016 to investigate lithium concentrations in the uppermost 1.5m of the playa and a total of 15 bulk samples were analyzed.
The results of this sampling program not only confirmed the presence of lithium in alluvial gravels and clays but also indicated anomalous values of both boron and potassium.
Highlights from the sampling program are:
• Lithium values as high as 34 ppm in sediments, boron 64 ppm, and potassium 4800 ppm
• Lithium concentration in all sediment samples averaged 22.8 ppm, boron 41 ppm, potassium 3100 ppm
Management sees these results as very significant, as the lithium values encountered exceed the 20 ppm cut-off grade used by Pure Energy Minerals Ltd. to calculate their mineral resource in the neighboring Clayton Valley.* In fact, eleven of the fifteen samples exceeded the 20 ppm cut-off grade. The results also correlate well with results reported by Ultra Lithium from their Big Smoky Valley project, which, like the Miller’s Play Project, lies in the South Big Smokey hydrogeological system. (* Technical Report dated July 2015 by Raymond P. Spanjers, MS, PG.)
The samples were shipped to WETLAB Western Environmental Testing Laboratory in Sparks, Nevada, an EPA accredited independent laboratory. Samples were analyzed for lithium, potassium, boron, and magnesium using Standard Methods for the Examination of Water and Wastewater, Online Edition, Methods for Determination of Organic Compounds in Drinking Water, EPA-¬‐600/4-¬‐79-¬‐020, and Test Methods for Evaluation of Solid Waste, Physical/Chemical Methods (SW846), Third Edition. Laboratory used its own quality control and quality assurance protocols for sample analysis.
Aldever will be executing a second phase of exploration the playa in the coming weeks. The Phase two drilling program, which is fully permitted, is designed to investigate to maximum depths of up to 50m.
The Miller’s Playa Lithium Project is a typical playa-type brine deposit model as it geological setting is similar to Clayton Valley, home to the the only lithium producing brine operation in North America. A playa is an internally drained brine deposit, the surface of which is primarily composed of silts and clays in which lithium can accumulate from the surrounding source rocks during successive evaporation and concentration events. Evaluation of regional gravity data has led to the hypothesis that the Big Smoky Valley has been in-filled with an estimated 2000-2500m of alluvial fill and may have the potential to host a significant mineral deposit.
Regarding the assay results, President Clive Massey commented: “The interpreted depth of sediments at Miller’s Playa is in the order of several thousand meters depth and as such we have only quite literally scratched the surface; still this is an important first step and we are encouraged by the results.”
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 that term is defined in National Instrument 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.