Aldever Plans 2 Phase Program IN Urban Barry GOLD CAMP
ALDEVER RESOURCES INC. 2200 HSBC Building – 885 West Georgia St, Vancouver, BC, V6C 3E8 www.aldever.com
ALDEVER PLANS 2 PHASE PROGRAM IN URBAN BARRY GOLD CAMP
March 1, 2017
Aldever Resources Inc. (ALD—TSXV) (ALDVF—OTCQB) (17G1—Frankfurt) is pleased to announce a two-phase spring
exploration program for its 100% owned Urban Barry Gold Project, located in central Quebec. Over the last twelve
months, the Urban Barry Gold Camp has emerged as one of Canada’ s premier exploration regions, as a result of
recent discoveries made by Bonterra Resources. The area also hosts two historical gold deposits, the Windfall
Deposit, controlled by Osisko, and the Barry Deposit, controlled by Metanor. Of interest , all of the deposits in the
Urban Barry Gold Camp are associated with one of two regional breaks in the Abitibi Greenstone rock, both of which
bisect and converge on Aldever’s ground.
Phase 1 will include a twenty-five (25) line kilometer Induced Polarization survey and high definition magnetometer
survey over the Urban Barry Deformation Zone, where anomalous mineral values (up to 62 g/ton Ag and 0.127g/
ton gold) were obtained in the 2016 programs. The silver results are extremely interesting as 18 of the samples
returned values higher than 10g/t Ag, with highest value representing more than 1.8oz/t Ag, which in light of silver’s
relative immobility suggests a nearby source of mineralization. Outcrop samples had gold values ranging from trace
to 0.03g/t Au.
Phase 2 will be comprised of 6000 meters of diamond drilling, comprised of (20) twenty, (300m) three hundred
meter holes, as follow up on soil and geophysical anomalies.
Regarding the 2017 programs, President Clive Massey commented: “The Company is very keen to start its 2017 field
program in the Urban Barry, which is arguably the most exciting gold camp in Canada. ”
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 rocks 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 fabric s 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.
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