Everton and Brigus Commence 16,000 Meter Diamond Drilling Program at Ampliacion Pueblo Viejo: New "Manuel North" Gold Prospect I
October 06 2010 - 7:30AM
Marketwired Canada
Everton Resources Inc., ("Everton") (TSX VENTURE:EVR) (FRANKFURT:ERV) and its
partner Brigus Gold Corp. ("Brigus Gold") (TSX and NYSE Amex: BRD) are pleased
to announce the start of a core drilling program on the Ampliacion Pueblo Viejo
property, located adjacent to the Pueblo Viejo gold deposit, in Central
Dominican Republic. At the same time, Everton is pleased to announce the
discovery of the new Manuel North gold prospect also on the Ampliacion Pueblo
Viejo property.
Commenting on these developments, Everton's President and CEO, Andre Audet,
said: "With the sale of our Shoal Lake property in Ontario and partnering with
Aurizon Mines on our Opinaca and Wildcat properties in the James Bay region, we
can now focus on corporate growth in the Dominican Republic. We are very pleased
to start our drilling program as well as investigate the new Manuel North
prospect. Our efforts will now accelerate as we move toward becoming a major
player in the mining sector in the Dominican Republic."
Diamond Drilling Program
This first phase of the program will consist of approximately 6,000 meters in 20
to 25 holes ranging in depth between 100 and 400 meters. Phase One is designed
to follow-up on targets identified during drilling in 2009 and earlier in 2010,
as well as from surface exploration conducted on the Arroyo Hondo, Pinnacle
Hill, Colorado, and La Lechoza prospects, where hole APV 09-24 cut 583 g/t
silver, 0.4 g/t gold and 0.2% copper across 17 meters, and Trench LT-11, cut
across the gossan at North Hill, returning values of 6.6 g/t gold and 19 g/t
silver across 22 meters.
A second phase of the program, consisting of deep drilling, is slated to
commence at the end of October or as soon as the adequate equipment is ready.
This program will include 10,000 meters in 8 to 12 holes between 800 and 1200
meters. The purpose of Phase Two is to test the deep portions of the
mineralization system inferred to occur beneath a barren silica lithocap
covering the area in the southwestern sector of the Ampliacion Pueblo Viejo
concession.
A systematic PIMA mineralogical study conducted during the summer over the
lithocap has defined hydrothermal alteration patterns associated with
high-sulphidation epithermal mineralization. This will assist in vectoring
follow-up exploration drilling efforts.
New "Manuel North" Prospect
The new "Manuel North" prospect was recently discovered in the central sector of
the Ampliacion Pueblo Viejo property, 3 km north of the Montenegro pit, part of
Barrick and Goldcorp's Pueblo Viejo gold project. This new discovery is the
result of field follow up work where rock sampling of floats and sub-outcrops in
a heavily vegetated area over at least 100 x 100 meters yielded results up to
8.8 g/t gold and 19 g/t silver. Seven out of the 43 rock samples collected to
date returned grades over 1 g/t gold. Anomalous copper, lead and zinc values are
present as well. The Prospect occurs in a fragmental unit of the Los Ranchos
Formation and in close proximity to dioritic intrusive rocks. Further sampling
and trenching will be conducted soon to define the orientation and extensions of
the Prospect prior to drill testing in the near future.
This press release was reviewed by, and all fieldwork was performed under the
supervision of, Marc L'Heureux, P. Geo. and VP Exploration of Everton, who acts
as Everton's Qualified Person as defined by NI 43-101.
Everton
Everton is partnered with Brigus Gold on actively exploring in the Dominican
Republic adjacent to the US$2.7 billion Pueblo Viejo project, currently being
developed by the world's largest gold mining company, Barrick Gold Corporation
(60%) (NYSE/TSX: ABX) in partnership with Goldcorp (40%) ("Goldcorp") (NYSE: GG,
TSX: G). 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 Ampliacion 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 from 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.
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