Aldever Begins Phase 2 Diamond Drilling Program IN Urban Barry GOLD CAMP
ALDEVER RESOURCES INC. 2200 HSBC Building – 885 West Georgia St, Vancouver, BC, V6C 3E8 www.aldever.com
ALDEVER BEGINS PHASE 2 DIAMOND DRILLING PROGRAM
IN URBAN BARRY GOLD CAMP
July 5, 2017
Aldever Resources Inc. (ALD—TSXV) ( ALDVF—OTCQB) ( 17G1—Frankfurt) is pleased to announce that it has
commenced diamond drilling on its 100% owned Urban Barry Gold Project, located in central Quebec. The company
intends on completing up to 2000m of drilling on those targets on the Urban Barry Deformation Zone , where
interpreted IP anomalies correspond most strongly with in-soil precious metal values.
In June 2017, an Induced Polarization (IP) survey and high definition magnetometer survey was completed over the
Urban Barry Deformation Zone, where anomalous gold values (up to 0.127g/ ton gold) were obtained in the 2016
soil sampling programs. In all, a total of 5.6 line kilometers with 100m spacing were completed. Preliminary field
interpretation of the IP dataset confirmed the presence of a chargeable and resistive corridor following a northeast
trending regional fault, previously by Aldever’s 2016 Mag and VLF -EM program and which is interpreted to be the
control of mineralization at Bonterra Resources’ Gladiator deposit. The highly anomalous chargeability anomaly was
also found to be associated with an EM conductor first identified in the 2016 VLF -EM program as is associated with
some of the highest gold-in-soil samples from the 2016 soil sampling program.
Background
Aldever controls 1,297ha in the Urban Barry Mining district, Quebec, approximately 18 kilometers east of, and within
the same geological district as, Oban Mining’s Windfall Lake Deposit, which has 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.
The Company’s Urban Barry Property (UB) is situated within the Urban -Barry Greenstone Belt and lies within the
eastern portion of the Abitibi Subprovince which has an east -west extent of approximately 135 kilometers and
ranges from 4 to 20 kilometers in width along its strike extent. Lithological units within this terrane include
sequences of basalt flows with intercalated felsic rhyoliti es to more mafic volcaniclastic roc ks that have been
deformed and metamorphosed to the greenschist facies. The volcaniclastic sequence has been intruded by syn -
volcanic to late (post mineralization) intrusions. Dominant structural fabrics trend to the northeast, with variable
dips between 30 to 85° to the southeast. The principal exploration target at the UB Project is a seven-kilometer
strike length of regional scale faulting of the Abitibi Greenstone Belt which lies within the UB Property bounds.
The technical contents of this news release have been reviewed by Abby Peterson, P. Geo. Ms. Peterson is registered
in the Province of Quebec, is a Qualified Person as defined by NI 43-101 and has approved this news release.
In other news, the Company has renegotiated is earn in option for the Urban Barry Project. Under the revised terms
the Company can earn a 100% interest by issuing an additional 3,000,000 common shares, paying $500,000 over
four years and completing $1,000,000 in qualified exploration expenditures on the property. This transa ction is
subject to TSX Venture Exchange approval.
For further information,
please contact:
Clive Massey, President
Aldever Resources Inc.,
Phone: (604) 644-6794
or (604) 622-1199
Neither 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 press release contains "forward-looking information" that is based on Aldever’s current expectations, estimates, forecasts
and projections. This forward-looking information includes, among other things, statements with respect to Aldever’s
exploration and development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to
identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and
other factors that may cause Aldever’s actual results, level of activity, performance or achievements to be materially different
from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties
related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in
economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits
encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that
may affect our forward-looking information. These and other factors should be considered carefully and readers should not
place undue reliance on such forward-looking information. Aldever disclaims any intention or obligation to update or revise
forward-looking information, whether as a result of new information, future events or otherwise