Second Drill Deployed as Everton Accelerates Drilling Program in the Dominican Republic
December 01 2010 - 7:00AM
Marketwired Canada
Everton Resources Inc. (TSX VENTURE:EVR)(FRANKFURT:ERV) is pleased to report
that it has added a second drill to the 6,000 meter, Phase One exploration drill
program on the Ampliacion Pueblo Viejo concession, contiguous to Barrick and
Goldcorp's Pueblo Viejo Project. Drilling is well underway with approximately
one third, or 2,000 meters completed. Phase One drilling is comprised of
approximately 30 holes, averaging 200 meters with the deepest being 300 meters.
"We have accelerated our current drill schedule by engaging a second drill which
started last Friday with assay results expected before mid December," stated
Andre Audet, Chairman and CEO of Everton. "A third, larger drill will be
deployed as soon as we can arrange for a contractor and set up at our site on
the western border of the Pueblo Viejo concession. We are very pleased with our
strategic plan to focus all our energy in the Dominican Republic and we plan to
provide additional insight on our Dominican Republic properties when we release
upcoming drill results."
About Everton
Everton is partnered with Brigus Gold on actively exploring in the Dominican
Republic adjacent to the US$3.0 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.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
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. 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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