Deveron Increases Land Package at Rockstone, Files NI 43-101 Report and Issues Options
January 14, 2015 (Source: Marketwired) — Deveron Resources Ltd. (TSX VENTURE:DVR) (“Deveron” or “the Company”), is pleased to report the acquisition of 66 claim units in six claims, which are located adjacent to the Company’s Rockstone Property, some 40 km northwest of Thunder Bay, Ontario (see Company’s press release dated October 29, 2014). These additional claims cover an area interpreted to be underlain by similar geology to the core property.
The Company has recently filed a National Instrument 43-101 compliant report dated November 30, 2014, in support of the Company’s Rockstone Property. The report has been filed on SEDAR and is available at www.sedar.com.
In addition, the Company announces that it has granted 125,000 stock options to a director, pursuant to the Company’s stock option plan, at an exercise price of $0.25 per share, expiring on November 29, 2017. This stock option grant is subject to approval by the TSX Venture Exchange.
About Deveron Resources Ltd.
Deveron Resources is a closely held exploration company focused on making new resource discoveries. It is listed on the TSX Venture Exchange. The Company is looking to leverage adverse market conditions to provide shareholders with opportunities to make resource discoveries in pro-mining jurisdictions.
All technical information in this press release has been reviewed and approved by James Pirie, P. Eng. who is a Qualified Person (“QP”) under National Instrument 43-101.
For additional information, please visit www.deveronresources.com.
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 news release includes certain “forward looking statements” within the meaning of that phrase under Canadian securities laws. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. Forward-looking statements reflect management’s current views with respect to possible future events and conditions and, by their nature, are based on management’s beliefs and assumptions and subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in such forward-looking statements are reasonable, such statements are not guarantees of future performance and actual results or developments may differ materially from those in our forward-looking statements. The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of commodities, general market conditions, risks inherent in exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. Additional information regarding the material factors and assumptions that were applied in making these forward looking statements as well as the various risks and uncertainties we face are described in greater detail in the “Risk Factors” section of our annual and interim Management’s Discussion and Analysis of our financial results and other continuous disclosure documents and financial statements we file with the Canadian securities regulatory authorities which are available at www.sedar.com. The Company undertakes no obligation to update this forward-looking information except as required by applicable law. The Company relies on litigation protection for forward looking statements.
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