Aldever Completes Drilling and Sampling Program at Gulch Mine Project, Northern Saskatchewan
Vancouver, B.C. / TheNewswire / September 17, 2015 - Aldever Resources Inc. (ALD--TSXV) (ALDVF--OTCQB) (17G1--Frankfurt) ("Aldever" or the "Company") is pleased to announce that it has completed its first field program at the Gulch Mine Project ("GMP"), which covers 3,007 hectares on Crackingstone Peninsula, on the north-eastern shores of Lake Athabasca, and which contains the historic producer, the Gulch Uranium Mine. The purpose of the program was to examine the 10 known historic surface radioactive showings (Saskatchewan Mineral Deposit Index ("SDMI") occurrences) and to determine how they might relate to the known uranium mineralization at the Gulch Uranium Mine. Results from the short-hole diamond drill program will be utilized to guide planned future long hole drill programs towards the definition and expansion of known uranium mineralization, which was developed at the Gulch Uranium Mine to a depth of 240 metres below surface.
The short-hole diamond drill program was conducted with a pack-sack style prospecting drill (AQ sized core) with an effective penetration depth of approximately 12 metres, adequate for this phase of exploration to target near-surface uraniferous structures. 51 drillholes were collared on the GMP during the August 2015 program; a total of 21.74 metres of core was recovered for analysis.
In addition to the drill program, geological mapping was completed and 66 chip and channel samples were collected from the areas immediate to the known SMDI occurrences. The geological team conducted property-wide geophysical traverses as well as detailed geophysical surveys of each of the 10 SDMI occurrences. These surveys were assisted by handheld scintillometers (Radiation Solutions RS-125 Super-Spec Gamma-Ray Spectrometers). The scintillometer readings for the program ranged from background to 20,000 CPS with an average of spot readings of 740 CPS. The highest scintillometer readings were returned from the project's Langley Bay showing, which was the subsequent target of a detailed sampling program.
The 117 core and rock samples collected from this 2015 GMP exploration program have been sent to Saskatchewan Research Council ("SRC") Geoanalytical Laboratories in Saskatoon, SK for chemical analyzes via SRC's Multi-Element Uranium Exploration ICP-OES package. Results are expected soon and will be reported once received.
With regard to the completion of the program, President Clive Massey commented, "The definition of a uranium resource at the Gulch Mine Project is one of the Company's primary milestone targets and with the completion of this, Aldever's first 'boots on the ground' program at the GMP, marks the initial step to that end. Company Board and management are greatly encouraged by the preliminary field reports and we hope to be able to present our shareholders with positive assay results in the near term."
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.
Copyright (c) 2015 TheNewswire - All rights reserved.
(September 17, 2015 - 6:39 PM EDT)
News by QuoteMedia