Aldever Receives Drilling Permits for Miller’s Playa Lithium Project in Nevada
ALDEVER RESOURCES INC. 2200 HSBC Building, 885 West Georgia Street, Vancouver, BC, V6C 3E8
www.aldever.com
ALDEVER RECEIVES DRILLING PERMITS FOR MILLER’S PLAYA LITHIUM PROJECT IN NEVADA
June 1, 2016—Aldever Resources Inc. (ALD—TSXV) (ALDVF—OTCQB) (17G1—Frankfurt) (“Aldever” or “the Company”) is pleased to announce that it has received exploration permits from the Bureau of Land Management, Nevada to complete up to 18 drill mechanized holes on its 100% owned Miller’s Playa Lithium Project in the South Big Smoky Valley, Nevada.
Drilling will utilize large diameter NQ rods (47.6mm core diameter) as well as AQ rods (27.0mm core diameter) for superior sample recovery and is expected to reach depths of up to 50m. The purpose of the drilling will be to test subsurface layers for lithium and other commercial elements. The Company is in the process of mobilizing its field crew and work is expected to commence shortly.
The Miller’s Playa Lithium Project fits well into the playa-type brine deposit model as it shares geological similarities with Clayton Valley, 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 permitting, President Clive Massey commented: “Receiving this first permit is a significant milestone in our exploration in the Big Smoky Valley. The Company expects to begin mechanized drilling almost immediately and hopes to be able to present assay results to the market in the near future.”
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.