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Everton Commences 20,000-Metre Deep Drilling Program at Ampliacion Pueblo Viejo
Published : March 23, 2011
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OTTAWA, ONTARIO--(Marketwire - March 23, 2011) - Everton Resources Inc., (News - Market indicators)(Frankfurt:ERV) announces the commencement of a pioneering silica lithocap deep drilling program at Ampliación Pueblo Viejo, immediately adjacent to Barrick/Goldcorp's Pueblo Viejo gold deposit in the Dominican Republic. 

"This is a first of its kind and possibly one of the most ambitious gold exploration drilling programs undertaken in the Dominican Republic," said Andre Audet, President and CEO of Everton Resources Inc.

"Ample evidence exists that Barrick's Pueblo Viejo's deposit runs onto and through Everton's property," said Mr. Audet. "Now the excitement of validating our evidence has begun. We have high expectations of confirming that with our 600-metre and 1200-metre capable drills"

This is the first time deep diamond core drilling has been used in the Dominican Republic, a nation with a rich mining history. Everton announced earlier this year their intention to undertake a 20,000 meter drill program on Everton's southern property immediately adjacent to Barrick's/Goldcorp's which holds a proven 23.7 million ounces of gold reserves.

"This is what our investors have been waiting for," Mr. Audet said. "This is that period where nature, theory, technology and luck coalesce. This is the junior gold explorer story of the year and it starts now."

Hugo Dominguez, Country Manager, Dominican Republic, said in his 30 years of mining experience, "this project is the exploration geologists' dream."

"Since we started our exploration here, in 2007, we have discovered too many indications that mineralization on our property mirrors that of nearest neighbour," said Mr. Dominguez.

The drilling program will be conducted by the local contractor Geocivil, S.A., in partnership with Cubanex and Heath and Sherwood. The program contemplates two phases starting with a series of holes 400 to 600 meters deep, along the boundary of the concession to explore the mineralized structures that may extend from the Monte Negro and Arroyo Hondo pits of the Pueblo Viejo complex. These structures have been interpreted from a combination of detailed geological mapping, soils and rock geochemistry and ground and airborne geophysics.

The second phase of the deep drilling program is expected to start in late April when a brand new Rolatec diamond drill rig that is currently being assembled in Spain for this program, arrives in the country.

The drilling through the silica lithocap is aimed to test the theory that underneath lies a shallow level porphyritic intrusion that, in turn, may be associated with porphyry style copper-gold mineralization as documented in similar geological environments. The second phase of drilling is contemplated to include 8 to 12 holes ranging from 800 to 1200 metres.

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. Personnel, at the project, photograph each individual core box from each core hole prior to measuring core recovery and geologically logging the hole. The core is then sawn in half with one half going to the lab and the other half kept for reference. All sample shipments are sealed and shipped to Acme Analytical Laboratories (R.D.) S.A. at Maimón for preparation. Prepared samples are then sent to the Acme Analytical Laboratories Ltd. in Vancouver for analysis. Acme's quality control system complies with the requirements for the International Standard ISO 9001:2000 by monitoring analytical accuracy and precision with the insertion and analysis of blanks, reference standards and duplicate samples. Everton's Quality Control is further assured by the use of in-house blanks. The use of certified standards and independent analysis of duplicate samples is being initiated.

Everton

Everton and Brigus Gold Corp (TSX:BRD)(NYSE AMEX:BRD) each hold a 50% interest in the Ampliación Pueblo Viejo property 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 is the project operator and has the right to earn an additional 20% by incurring additional expenditures. Planned divestiture of its 100%-owned subsidiary Hays Lake Gold containing the Shoal Lake Gold Project in Kenora, Ontario is expected to provide internal funding to advance the Ampliación Pueblo Viejo project. 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.

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.

Everton Resources Inc.
Andre Audet
Chairman and CEO
613-241-2332
613-241-8632 (FAX)
andre@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...
17/05/2011(Hemlo West Properties) and Canadian Star Minerals Execute a Sales/Purchase Agreeme...
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 ...
30/04/2014Everton Updates Drilling on Ampliacion Pueblo Viejo in Domin...
30/04/2013Settles with Focus Graphite Inc. and Provides Update on Tran...
21/03/2013Continues to Expand New Mineralized Zones at Ponton, New Res...
13/02/2013Discovers New Mineralized Zones at Ponton
31/01/2013Supported Study from University of Barcelona Confirms Epithe...
09/01/2013s Its Recent Exploration Activities in the Dominican Republi...
06/11/2012Options to Viking Gold Four Concessions in Dominican Republi...
07/06/2011. Announces Public Offering of Units for a Minimum of $5 Mil...
04/04/2011Appoints New CFO and Grants Options
26/05/2010The Beginning of Trading for Focus Metals Inc. ...
04/02/2010New Resource Estimate on Cedar Island Gold Deposit, Kenora R...
12/06/2008Acquires New Polymetallic Concession . . .
01/05/2008 Receives 12 Million Shares of NQ Exploration
04/04/2006(Coulon)Annual general meeting April 6, 2006
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