Aldever Begins Drilling and Sampling Program at Key Lake Road Uranium Project, Saskatchewan
Vancouver, BC / TheNewswire / September 22 2015 - Aldever Resources Inc. (ALD--TSXV) (ALDVF--OTCQB) (17G1--Frankfurt) is pleased to announce that it has mobilized its field crew to the Key Lake Road Uranium Project, (the "KLR") in northern Saskatchewan. The purpose of the 2015 exploration program is to locate and investigate historic radioactive occurrences and showings with a short hole diamond drill program, utilizing man portable drills. The two primary zones of interest are the Moly Trend and DD Zone, both of which have been extensively explored in the past by Forum Uranium.
Between 2005 and 2008, the DD-Zone was explored with a full spectrum of modern uranium exploration tools, including detailed airborne/ground-based geophysical surveys, extensive surface prospecting/sampling, widespread lake sediment sample surveys, and trenching of identified surface exposures of uranium mineralization, which ultimately culminated in 27 short diamond drill holes in 2007/2008. The aforementioned drill campaign was designed to follow up on a series of parallel EM and VTEM interpreted geophysical conductors, (C-1, C-2 and C-3), which were coincident with a mapped regional scale northeast trending shear zone.
The Molly Trend is comprised of series of northeast trending VTEM geophysical conductors, 42 kilometers in length. The conductors, which are coincident with known surface uranium showings, are interpreted to represent prospective graphitic shear trends. The Molly Trend includes the historic Nuclear Lake Radioactive Occurrence, also known as the Wyoming Minerals Radioactive Trend 9, located 1.69 km (1.05 miles) northeast of Nuclear Lake. The showing consists of a trend of discontinuous uraninite mineralization which has been traced over a width of 60.9 m for a strike length of 600 metres. The uranium mineralization identified to date consists of nodules of uraninite which range from 0.15 to 3.81 cm in diameter. The highest grade mineralization located within the anomalous trend occurs on the flanks of a large boudinaged horizon. Graphite and minor disseminated pyrite are common in the deformed calc-silicate host rock. The showing was trenched and chip sampled in 1978, with the average grade of trench D reported to be 0.114% U3O8 and trench E 0.194% U3O8. In the fall of 2007, B. Tan P.Geo. and Ken Wheatley P.Geo. supervised two short drill holes on the C1 conductor within the Molly Trend. Their conclusions were as follows:
"Several pegmatite uranium occurrences have been discovered in the Molly area. The largest occurrence was found in the Molly Graphite showing. Anomalous radioactivity from 500 to 5,000cps was discovered in an area of about 200m x 50m. Hole M-01 was drilled to test the C-1 conductor and the down-dip extension of uranium mineralization outcropping in the pegmatite. Uranium mineralization in pegmatite with an average grade of 219 ppm over 5.3m was intersected near the surface at 8.5 to13.8m depth. The radioactivity in outcrops extends for several 10's of metres east of hole M-01. In addition to the Molly Graphite showing, other pegmatite uranium occurrences in the Molly area should also be investigated for the potential of Alaskite uranium deposit."
Regarding the deployment of the field exploration team to the KLR Project Clive Massey, President of Aldever Resources commented: "Throughout its exploration history, the KLR Project has long tantalized geologists by the sheer number of and quality of surface and near surface radioactive anomalies. The board believes there exists at the KLR the potential for a shear-hosted deposit, similar in style to what NexGen Energy has encountered in the Patterson Lake South Uranium Camp. We look forward to completing this initial phase of exploration and subsequently presenting to Aldever shareholders a refined program to test management's hypothesis of a structurally related, feeder uranium deposit on the KLR Property."
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
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.
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