Aldever Files NI 43-101 Technical Report for the Scotia Zinc Property
ALDEVER RESOURCES INC. 2200 HSBC Building – 885 West Georgia St, Vancouver, BC, V6C 3E8 www.aldever.com
ALDEVER FILES NI 43-101 TECHNICAL REPORT FOR THE SCOTIA ZINC PROPERTY
December 14, 2017
Aldever Resources Inc. (ALD—TSXV) (ALDVF—OTCQB) (17G1—Frankfurt) (“Aldever” or the “Company”) is pleased to report that they have filed a National Instrument 43-101 Technical Report (the “Technical Report”) for the Scotia Property, located in the Skeena Mining Division, British Columbia, and which was optioned to Zinc One Resources in January 2017.
The Technical Report discloses an inferred resource estimate of 632,000 tonnes grading 7.6% Zinc, 0.74% Lead, 0.11% Cu, 19.75 g/t Silver and 0.28 g/t Gold (at a NSR US $74 cut/off) and has been filed on www.sedar.com.
The inferred resource estimate is located in the Albere Zone of the Scotia Property. The data used for the inferred resource estimate was from thirty-nine (39) drill holes totaling 4,144 meters conducted on the Scotia Property, of which seven (7) holes drilled in 1960, seven (7) holes drilled in 1980, four (4) holes drilled in 1981, eleven (11) holes drilled in 1984, and ten (10) holes drilled in 1997. NSR cut-off values were calculated using metal prices of USD $1.00/lb Zinc, USD $2.75/lb Cu, USD $1,200/oz Au, and USD $18/oz Ag. The NSR calculation assumes underground mining and includes estimated concentrate transportation, smelter treatment and refining charges. The grades for Zinc, Lead, Copper, Silver and Gold were interpolated into each block by ordinary kriging.
Ed Harrington, P. Geo, and Gary Giroux, P. Geo, both Qualified Persons, have reviewed and approved the technical information contained in this news release.
For further information, please contact:
Clive Massey, President Aldever Resources Inc., Phone: (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.