Aldever Options Harris Creek Gold Project, Vancouver Island
ALDEVER RESOURCES INC. 2200 HSBC Building – 885 West Georgia St, Vancouver, BC, V6C 3E8 www.aldever.com
ALDEVER OPTIONS HARRIS CREEK GOLD PROJECT, VANCOUVER ISLAND
May 5, 2017
Aldever Resources Inc. (ALD—TSXV) (ALDVF—OTCQB) (17G1—Frankfurt) (“Aldever” or the “Company”) is pleased to announce that it has entered into an agreement with an arms’-length vendor to acquire a 100% interest in the Harris Creek Gold Project, which covers an area of ~426 hectares in the Victoria mining division, south Vancouver Island. The project hosts the “All the Marbles 2” occurrence, located east of Lens Creek, approximately 2.3 kilometers west of Maid Lake. The area is underlain by diorite and quartz diorite of the Mesozoic and/or Paleozoic Westcoast Crystalline Complex. Seams, 2 to 5 metres wide, of dark green to black serpentinite cut the diorites. Locally, ultramafic rocks (olvine, gabbro and serpentinite) host chalcopyrite mineralization with anomalous copper, gold and silver values. Between 2005 and 2010, Le Baron Prospecting completed programs of geochemical sampling and prospecting on the area as the All the Marbles 1-2 claim. In 2008, rock sampling yielded anomalous silver and copper values from an outcrop of altered olivine (sample B314610). Approximately 180 meters to the south, a sample (B314609) of serpentinite was found to have anomalous gold values (Assessment Report 29292).
Aldever can earn a 100% interest in the Harris Creek Gold Project by issuing to the vendor 500,000 common shares within 5 days of TSX Venture Exchange Approval, paying $150,000 in 18 months, a further $150,000 in 36 months and incurring $1,000,000 in qualifying exploration expenditures over a five-year period. A 1% NSR (Net Smelter Royalty) has been granted to the vendor, of which 0.5% may be purchased by Aldever for $1,000,000. This transaction is subject to TSX Venture Exchange Approval.
The technical contents of this news release have been prepared under the supervision of Mr. Peter Born, P. Geo. Mr. Born is a Qualified Person as defined in NI 43-101, and has approved this news release.
For further information, please contact:
Clive Massey, President Aldever Resources Inc., Phone: (604) 622-1199
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.