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Share Name Share Symbol Market Type
TSXV:DVR TSX Venture Common Stock
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Deveron Reports Results of Initial Exploration Program at Nechako Property, Blackwater District, BC

05/04/2013 1:30pm

Marketwired Canada


Deveron Resources Ltd. (TSX VENTURE:DVR) ("Deveron") or (the "Company") is
pleased to announce that it has received the results from the early stage
exploration program, carried out late in the 2012 field season on its 100% owned
Nechako Property. The Property, with an area of approximately 13,000 hectares
(28 claims), is covered by a veneer of glacial overburden and is located
approximately 100 kilometres southwest of Vanderhoof, central British Columbia,
in the developing Blackwater gold camp, where New Gold Inc. has recently
delineated an open pit resource of over 10 million ounces of gold.


The exploration program was designed to follow up on a number of conductive
targets selected from an earlier heli-borne magnetic and electromagnetic survey
which covered the Property, as well as to carry out reconnaissance geology and
stream sediment sampling where possible. Following ground investigation of
eleven areas with anomalous conductivity interpreted from the geophysical data,
six areas were gridded and soil samples collected. 


In grid area 10, close to the identified anomalous conductors, recent road
building has exposed mid-Jurassic greywacke & volcaniclastic rocks cut by two
dacitic, sub-volcanic, one to four metre wide, NW trending, sub-vertical dykes.
Sulphide mineralization with variable amounts of pyrite, chalcopyrite, and
sphalerite occur as late stage fracture filling, associated with
quartz-carbonate-ankerite vein material that cut the older greywacke as well as
sub-volcanic dykes. Two grab samples from the vein material returned 1.54 g/t
gold, 85.7 g/t silver and 0.59 g/t gold, 51.2 g/t silver, along with anomalous
copper and zinc values. Soil samples from the area around the showing contain
anomalous gold, silver copper and zinc. The nearest silt sample, about one
kilometre downstream from the showing, also returned significantly anomalous
gold. This epithermal style mineralization associated with sub-volcanic felsic
intrusions is similar to other deposits in the Blackwater region. 


This gold-silver discovery from our initial reconnaissance exploration program
is extremely encouraging and a detailed follow-up program is being planned for
the surrounding area. Detailed evaluation will be carried out on other areas
with anomalous gold, silver, copper and zinc in several of the soil grids.
Careful follow-up exploration will be required to assess several locations where
anomalous gold values were identified in stream sediment samples.


In addition, the Property has been expanded by a further 732 hectares to cover
adjoining anomalous areas. 


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.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Deveron Resources Ltd.
James Pirie
President and CEO
416-367-4571 ext. 228
www.deveronresources.com

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