Aldever Receives Assay Results from 2017 Urban Barry Drilling Program
ALDEVER RESOURCES INC. 2200 HSBC Building – 885 West Georgia St, Vancouver, BC, V6C 3E8 www.aldever.com
ALDEVER RECEIVES ASSAY RESULTS FROM
2017 URBAN BARRY DRILLING PROGRAM
October 23, 2017
Aldever Resources Inc. (ALD—TSXV) (ALDVF—OTCQB) (17G1—Frankfurt) is pleased to announce assay results from
its 2017 Phase one drilling program on its 100% owned Urban Barry Gold Project, central Quebec. The primary target
of the 2017 drilling was conductive IP anomalies in the Urban Barry Deformation Zone that corresponded with in-
soil precious metal values , encountered in the 2016 soils program. The company completed 5 holes, producing
1371m of NQ2 core, and identified numerous intervals with anomalous gold values; the highest -grade interval,
associated with a mafic rhyolite dyke contact, assayed 239ppb Au over 1.0m at a depth of 39m, this being almost a
quarter gram of gold per ton.
Regarding the results, President Clive Massey commented: “The board is very pleased with the results of this first
phase of the drill program, these are analogous to the initial exploration results first encountered at the Lac Windfall
and Gladiator deposits, controlled by Osisko and Bonterra respectively. Aldever’s results confirm that gold -bearing
mineralizing fluids have indeed enriched the target zones at the convergence of the two primary faults in the Urban
Barry gold camp. As such, our technical team is using these first phase results in conjunction with ground geophysical
datasets, to refine targets for a second phase drilling campaign.”
All samples from the program were submitted to ALS Minerals Ltd in Val d’Or, QC, with analysis by ALS Minerals Ltd.
North Vancouver, BC laboratory, an 17025:2005 certified facility. All samples were collected by Exploration
Facilitation Unlimited Inc. personnel and securely s tored until delivery to ALS Minerals. At this early stage of
exploration, the Company is relying on the certified standards utilized by ALS Minerals as part of it analysis protocols.
No specific QA/QC anomalies were included in the samples submitted for analyses. Soil, rock and core samples were
analyzed with 35 Element Aqua Regia ICP-AES; gold values were determined by 50g fire assay with Atomic Absorption
finish.
Background
In June 2017, Aldever completed an Induced Polarization (IP) survey and high definition magnetometer survey 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 compl eted. Preliminary
field interpretation of the IP data set 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 con trol 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.
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 estima ted 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 th e 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.
In other news, the Company has terminated its agreement for the Lac Villebon project so as to concentrate its efforts
on the Urban Barry Project.
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 m arkets; 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