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Everton and Brigus Announce Start of 20,000 Meter Deep Drilling Program at the Ampliacion Pueblo Viejo Project, Dominican Republic
Published : February 16, 2011

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Mots clés associés :   Copper |

OTTAWA, ONTARIO--(Marketwire - Feb. 16, 2011) - Everton Resources Inc., (News - Market indication) (FRANKFURT:ERV) and its partner Brigus Gold Corp. (TSX:BRD) (NYSE Amex:BRD) are pleased to announce the start of a deep drilling program at their Ampliacion Pueblo Viejo concession, contiguous to Barrick and Goldcorp's Pueblo Viejo gold deposit, in the central Dominican Republic.

The program is in two parts. The first part has scheduled approximately 10,000 meters in holes ranging from 400 to 600 meters to test geochemical anomalies in rocks and soils for gold and other pathfinder elements associated with favorable geology and hydrothermal alteration.

The second part - the deepest drilling component - will test holes ranging between 800 and 1200 meters deep totaling over 10,000 meters to test the barren lithocap theory.

Sillitoe et al. (2006) have proposed that the lithocap, the result of the advance argillic alteration of volcanics and carbonates, may be concealing epithermal high sulphidation type mineralization similar to Pueblo Viejo. 

The lithocap is also associated with a large magnetic high anomaly, which will be the target of the deeper drill holes. It is believed, based on comparisons with other deposits, that the magnetic high could be caused by a shallow level porphyritic intrusion which in turn may have associated copper-gold mineralization.

"Our decision to step up to a more robust drilling schedule was based upon test results that showed us a consistency of rising value in this project," said Andre Audet, President and CEO of Everton Resources. "The purpose of deep drilling is to prove the extent of the Pueblo Viejo geology or, whether our resources are a mirror to that of our Barrick/Goldcorp neighbors."

"This property and its geology confirm and support our decision to concentrate our corporate activities on our Dominican Republic operations," Mr. Audet said.

He said the move to add a fourth drilling unit was a business decision supported by results from Phase 1 drilling.

The shallower drill holes are to be started imminently as soon as the contractor releases the necessary drill pipe from customs. The deeper holes are planned to be started in late April as a brand new drill rig and ancillary equipment is being ordered. The drill contract was awarded to the Dominican drilling company Geocivil. To conduct this project Geocivil will partner with Cubanex which in turn is associated with Heath and Sherwood International Inc., based in Kirkland Lake, Ontario. Geocivil is a long established drilling contractor and has extensive experience in mineral exploration drilling in the Dominican Republic.

This press release was reviewed by Robert Wheatley, P. Geo. and VP Exploration of Everton, who acts as Everton's Qualified Person as defined by NI 43-101.

In Other News:

Everton has granted options to purchase up to 1,740,000 common shares of the Company to Directors, Officers, Consultants, and Employees. Each option entitles the holder to purchase one common share of the Company at a price of $0.32 per share for a period of five years ending February 15, 2016.

Everton

Everton is partnered with Brigus Gold on actively exploring in the Dominican Republic adjacent to the US$3 billion Pueblo Viejo project, currently being developed by the world's largest gold mining company, Barrick Gold Corporation (60%) (NYSE:ABX) (TSX:ABX) in partnership with Goldcorp (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.

References: Sillitoe, Richard H.; Hall, David. J.; Redwood, Stewart D.; and Waddell, Alistair H. (2006) "Pueblo Viejo High-Sulfidation Epithermal Gold-Silver Deposit, Dominican Republic: A New Model Of Formation Beneath Barren Limestone Cover". Economic Geology, v. 101, pp. 1427–1435.

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.

For more information, please contact

Everton Resources Inc.
Andre Audet
Chairman and CEO
613-241-2332
613-241-8632 (FAX)
andre@evertonresources.com
or
Everton Resources Inc.
Wendy Pemberton
Manager, Corporate Communications
613-241-2332
613-241-8632 (FAX)
wendy@evertonresources.com
www.evertonresources.com

Everton Resources Inc

EXPLORATEUR
CODE : EVR.V
ISIN : CA3004101075
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Everton Res. est une société d’exploration minière d'argent et d'or basée au Canada.

Everton Res. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont SHOAL LAKE EAST, HEMLO WEST PROPERTIES, WILDCAT, OPINACA, TIMMINS et SHOAL LAKE WEST au Canada et JOBO CLARO, PONTON DOMINICAN REPUBLIC, LA CUEVA, FRESSO, LOMA EL MATE, CUANCE / LOS HOJANCHOS et AMPLIACION PUEBLO VIEJO en Republique Dominicaine.

Everton Res. est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,5 millions CA$ (1,1 millions US$, 1,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 11 février 2000 à 9,80 CA$, et son plus bas niveau récent le 05 février 2016 à 0,01 CA$.

Everton Res. possède 61 368 345 actions en circulation.

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Rapports annuels de Everton Resources Inc
2007 Annual report
Financements de Everton Resources Inc
25/10/2013to Acquire Option on Additional Dominican Properties, Arrang...
15/08/2013Extends Expiry Date of Warrants
25/09/2012Extends Expiry Date of Warrants
22/06/2011Cancels Previously Announced Financing
Nominations de Everton Resources Inc
29/05/2013Welcomes New Directors and Reports on Annual and Special Sha...
16/01/2013Nominates Salvador Brouwer to its Board of Directors
Projets de Everton Resources Inc
23/10/2012(Ampliacion Pueblo Viejo)Completes Option to Purchase Brigus Gold's Remaining Interes...
26/05/2011(La Cueva)Signs Letter of Intent To Buy Remaining Interest in Ampliaci...
17/05/2011(Hemlo West Properties) and Canadian Star Minerals Execute a Sales/Purchase Agreeme...
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13/04/2011(Ampliacion Pueblo Viejo)Reports Additional Results From La Lechoza Including 11.26 g...
25/03/2011(Ampliacion Pueblo Viejo)Commences 20,000-Metre Deep Drilling Program at Ampliacion P...
02/03/2011(Ampliacion Pueblo Viejo)and Brigus Report More Positive Drill Results on the La Lech...
16/02/2011(Ampliacion Pueblo Viejo)and Brigus Announce Start of 20,000 Meter Deep Drilling Prog...
27/01/2011(Ampliacion Pueblo Viejo)and Brigus Continue to Receive Positive Drill Results on the...
01/12/2010(Ampliacion Pueblo Viejo)Second Drill Deployed as Everton Accelerates Drilling Progra...
24/02/2010(Ampliacion Pueblo Viejo)& Linear release first drill results from a new discovery
01/06/2009(Ampliacion Pueblo Viejo)Drill 8,000 Meters at Ampliacion Pueblo Viejo, Dominican Rep...
25/11/2008(Fresso)Makes New Gold & Copper Surface Discovery on Fresso
29/04/2008(Cuance / Los Hojanchos) AND GLOBESTAR: EXPLORATION UPDATE ON NEW MINERALIZED ZONE
19/03/2008(Opinaca) COMMENCES 2,500-METER DRILL PROGRAM .. // EVERTON ENTREPREN...
03/03/2008(Cuance / Los Hojanchos) and GlobeStar Drill New Mineralized Zone at Cuance ...
Communiqués de Presse de Everton Resources Inc
25/11/2015Everton reports on Hecla Quebec’s progress on the Opinaca B ...
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