Everton's Partner Aurizon Identifies Gold Bearing Corridors on Opinaca and Wildcat Gold Properties, James Bay Region, Quebec
Published : November 19, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Diamond | Dominican Republic | Gold | Market | Silica |

OTTAWA, ONTARIO--(Marketwire - Nov. 19, 2012) - Everton Resources Inc. ("Everton")(News - Market indicators) (OTCQX:EVRRF) (FRANKFURT:ERV) is pleased to announce that its partner Aurizon Mines Ltd ("Aurizon") identified several new gold targets on the Opinaca and Wildcat properties in 2012. The upcoming 2013 work program will include a Diamond drilling phase. The Opinaca and Wildcat properties are located near Goldcorp's Eleonore gold deposit in the James Bay region of Quebec.

Aurizon recently informed Everton that it will renew its option for a second year on the Wildcat (1 to 7) and the Opinaca (A, B and B-North) properties. The Opinaca properties are subject to a three-way agreement with Azimut Exploration Inc (TSXV: AZM) (see press release dated September 16, 2010). Azimut and Everton currently hold a 50% interest these properties.

André Audet, Chairman and Chief Executive Officer of the Corporation said "Everton is pleased that Aurizon is aggressively moving the project forward and continuing with its earn in option for a 3rd year and is planning on intensive winter drill program in 2013. The results continue to show the potential for discoveries on these properties adjacent to the multimillion ounces Eleonore Mine being developed by Goldcorp and going in production on 2014".

Aurizon's extensive 2012 program comprised:

On Opinaca Properties:

  • 622 line-kilometres of helicopter-borne magnetic-EM survey
  • 684 soil samples
  • 243 rock grab samples
  • 290 channel samples
  • 93 till samples

On Wildcat Properties:

  • 728 line-kilometres of helicopter-borne magnetic-EM survey
  • 303 soil samples
  • 763 rock grab samples
  • 15 channel samples
  • 146 till samples

The main results from the 2011 and 2012 exploration campaign are the discovery of three significant outcropping targets-the D8, Eric and Penelope prospects-on the Opinaca B property. Two additional targets-Baileys prospect on Wildcat 3 property and Autor prospect on Wildcat 6 property-are characterized mainly by gold bearing boulders with associated till gold anomalies. These targets, located along an east-west structure at the boundary between the Opinaca and La Grande geological subprovinces, share similarities with the geological context of the Eleonore deposit.

D8 target

The D8 trench displays a 20-metres-wide sheared and altered sedimentary unit with amphibolite and quartz-tourmaline veinlets. Best channel sampling results include 2.3 g/t Au over 1.0 metre and 0.55 g/t Au over 4.0 metres. This area presents gold anomalies in soil and till.

Eric target

Located less than 1 kilometre north of D8, eight (8) bedrock samples returned values above 0.1 g/t Au, including 2 samples above 0.5 g/t Au, up to 1.56 g/t Au. The gold-bearing samples were collected within a kilometric-scale arsenic and gold geochemical target in soil. Mineralization is typically related to calc-silicate altered sediments and arsenopyrite-tourmaline-bearing pegmatites.

Penelope target

Located about 1 kilometre west of the Eric and D8 targets, ten (10) bedrock samples returned values above 0.1 g/t Au, including four (4) with values above 0.5 g/t Au up to 4.26 g/t Au. Mineralization is associated with quartz-tourmaline veins and veinlets.

Autor target

Located halfway between Eric target and Aurizon's Brad target along the same corridor, the Autor target presents the best gold soil anomalies coupled with Au anomalies in till and bottom lake sediments. Thirty-two (32) boulder samples returned values above 0.1 g/t Au, including six (6) with values above 0.5 g/t Au up to 3.81 g/t Au. Three (3) bedrock samples returned values above 0.1 g/t Au, including one sample at 0.93 g/t Au. Gold is associated with both calc-silicate altered sediments with low percentage of sulphides and intense silica-chlorite altered sediments with local tourmaline and locally abundant pyrite. Arsenic enrichment is much more sporadic in this area.

Baileys target

Located about 7 kilometers north-west of the Claude showing, one (1) boulder sample returned 4.11 g/t Au, 1.5 kilometers west of an historic gold bearing boulder. Gold is associated with a garnet and biotite altered paragneiss with 5 percent sulphides including pyrite-pyrrhotite and chalcopyrite mineralization. The mineralized structure seems to pass underneath a nearby lake. This area represents a distinct corridor than the one including all the above targets but share similarities in term of gold and arsenic anomalies in till, bottom lake sediments and soil geochemistry.

Property-scale exploration

Work performed at the scale of the properties, including the collection of till samples and a helicopter-borne magnetic-EM survey, will be used to further define drilling targets. The results of these surveys are currently under review. The Smiley prospect (at Opinaca A), Claude prospect (at Opinaca B) and Conglo prospect (at Wildcat 1) both discovered during previous programs, are still considered very attractive drilling targets.

Rock samples were sent to ALS Minerals in Val-d'Or, Quebec, and were assayed using an ICP method. Soil samples were assayed using the MMI method by SGS Minerals Services in Toronto, Ontario. The helicopter-borne survey was performed by Fugro Airborne Surveys based in Mississauga, Ontario. Martin Demers, P.Geo., Aurizon's Exploration Manager and a qualified person as defined by National Instrument 43-101, has reviewed the data disclosed in this release.

About Everton Resources Inc.

Everton is actively exploring in the Dominican Republic adjacent to Pueblo Viejo project, currently being mined by the world's largest gold mining company, Barrick Gold Corporation (60%) in partnership with Goldcorp Inc. (40%) ("Goldcorp") (NYSE:GG)(TSX:G). Everton also holds an interest in the Opinaca region of James Bay, Quebec where the Company has partnered with Aurizon Mines Ltd. who is advancing Everton's interest by funding 100% of all exploration work on one of the largest land packages adjacent to Goldcorp's Eleonore gold deposit.

For further information on Everton Resources Inc. please visit www.evertonresources.com.

This news release contains certain forward-looking statements that involve risks and uncertainties, such as statements of Everton's plans, objectives, strategies, expectations and intentions. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to Everton, or its management, are intended to identify such forward-looking statements. Many factors could cause Everton's actual results, performance or achievements to be materially different any future results, performance or achievements that may be expressed or implied by such forward-looking statements. The forward-looking statements included in this press release represent Everton's views as of the date of the release. While Everton anticipates that subsequent events and developments may cause its views to change, it specifically disclaims any obligation to update these forward-looking statements, except in accordance with applicable securities laws. Accordingly, readers are advised not to place undue reliance on forward-looking information. All subsequent written and oral forward-looking statements attributable to Everton or persons acting on its behalf are expressly qualified in their entirety by this notice.

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.

Andre Audet
Chairman and CEO
613-241-2332
613-834-7708 (FAX)
andre@evertonresources.com
Data and Statistics for these countries : Dominican Republic | All
Gold and Silver Prices for these countries : Dominican Republic | All

Everton Resources Inc

EXPLORATION STAGE
CODE : EVR.V
ISIN : CA3004101075
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Everton Res. is a silver and gold exploration company based in Canada.

Everton Res. holds various exploration projects in Canada.

Its main exploration properties are SHOAL LAKE EAST, HEMLO WEST PROPERTIES, WILDCAT, OPINACA, TIMMINS and SHOAL LAKE WEST in Canada and JOBO CLARO, PONTON DOMINICAN REPUBLIC, LA CUEVA, FRESSO, LOMA EL MATE, CUANCE / LOS HOJANCHOS and AMPLIACION PUEBLO VIEJO in Dominican Republic.

Everton Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 1.5 millions as of today (US$ 1.1 millions, € 1.0 millions).

Its stock quote reached its highest recent level on February 11, 2000 at CA$ 9.80, and its lowest recent point on February 05, 2016 at CA$ 0.01.

Everton Res. has 61 368 345 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Everton Resources Inc
2007 Annual report
Financings of Everton Resources Inc
10/25/2013to Acquire Option on Additional Dominican Properties, Arrang...
8/15/2013Extends Expiry Date of Warrants
9/25/2012Extends Expiry Date of Warrants
6/22/2011Cancels Previously Announced Financing
Nominations of Everton Resources Inc
5/29/2013Welcomes New Directors and Reports on Annual and Special Sha...
1/16/2013Nominates Salvador Brouwer to its Board of Directors
Project news of Everton Resources Inc
10/23/2012(Ampliacion Pueblo Viejo)Completes Option to Purchase Brigus Gold's Remaining Interes...
5/26/2011(La Cueva)Signs Letter of Intent To Buy Remaining Interest in Ampliaci...
5/17/2011(Hemlo West Properties) and Canadian Star Minerals Execute a Sales/Purchase Agreeme...
5/17/2011(Hemlo West Properties) and Canadian Star Minerals Execute a Sales/Purchase Agreeme...
4/13/2011(Ampliacion Pueblo Viejo)Reports Additional Results From La Lechoza Including 11.26 g...
3/25/2011(Ampliacion Pueblo Viejo)Commences 20,000-Metre Deep Drilling Program at Ampliacion P...
3/2/2011(Ampliacion Pueblo Viejo)and Brigus Report More Positive Drill Results on the La Lech...
2/16/2011(Ampliacion Pueblo Viejo)and Brigus Announce Start of 20,000 Meter Deep Drilling Prog...
1/27/2011(Ampliacion Pueblo Viejo)and Brigus Continue to Receive Positive Drill Results on the...
12/1/2010(Ampliacion Pueblo Viejo)Second Drill Deployed as Everton Accelerates Drilling Progra...
2/24/2010(Ampliacion Pueblo Viejo)& Linear release first drill results from a new discovery
6/1/2009(Ampliacion Pueblo Viejo)Drill 8,000 Meters at Ampliacion Pueblo Viejo, Dominican Rep...
11/25/2008(Fresso)Makes New Gold & Copper Surface Discovery on Fresso
4/29/2008(Cuance / Los Hojanchos) AND GLOBESTAR: EXPLORATION UPDATE ON NEW MINERALIZED ZONE
3/19/2008(Opinaca) COMMENCES 2,500-METER DRILL PROGRAM .. // EVERTON ENTREPREN...
3/3/2008(Cuance / Los Hojanchos) and GlobeStar Drill New Mineralized Zone at Cuance ...
Corporate news of Everton Resources Inc
11/25/2015Everton reports on Hecla Quebec’s progress on the Opinaca B ...
4/30/2014Everton Updates Drilling on Ampliacion Pueblo Viejo in Domin...
4/30/2013Settles with Focus Graphite Inc. and Provides Update on Tran...
3/21/2013Continues to Expand New Mineralized Zones at Ponton, New Res...
2/13/2013Discovers New Mineralized Zones at Ponton
1/31/2013Supported Study from University of Barcelona Confirms Epithe...
1/9/2013s Its Recent Exploration Activities in the Dominican Republi...
11/6/2012Options to Viking Gold Four Concessions in Dominican Republi...
6/7/2011. Announces Public Offering of Units for a Minimum of $5 Mil...
4/4/2011Appoints New CFO and Grants Options
5/26/2010The Beginning of Trading for Focus Metals Inc. ...
2/4/2010New Resource Estimate on Cedar Island Gold Deposit, Kenora R...
6/12/2008Acquires New Polymetallic Concession . . .
5/1/2008 Receives 12 Million Shares of NQ Exploration
4/4/2006(Coulon)Annual general meeting April 6, 2006
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (EVR.V)FRANKFURT (ERV.F)
0.025-16.67%0.033+0.00%
TSX-V
CA$ 0.025
07/05 15:51 -0.010
-16.67%
Prev close Open
0.030 0.025
Low High
0.025 0.025
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.025 -%
Volume 1 month var.
35,000 -%
24hGold TrendPower© : -30
Produces
Develops
Explores for Copper - Gold - Nickel - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/23/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.82+1.69%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.29+2.30%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.55+2.59%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.46-2.38%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.82-1.43%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19-7.32%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.83-3.68%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 51.97+1.05%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :