Everton and Brigus Gold Extend VMS Mineralized Zone at La Lechoza and Prepare Phase 2 Drilling at Pueblo Viejo West
December 20 2010 - 6:30AM
Marketwired Canada
Everton Resources Inc. (TSX VENTURE:EVR)(FRANKFURT:ERV) and its partner Brigus
Gold Corp. (TSX and NYSE Amex: BRD) are pleased to report key advancements
towards a resource calculation with VMS - polymetalic intersections made during
the diamond drilling program currently underway at the La Lechoza Prospect.
Everton and Brigus currently each own a 50% undivided interest in the property.
However, Everton can increase its interest to 70% by spending another US$2.5M in
exploration by April 10, 2012.
Highlights from holes APV10-13 to APV10-18 include:
Hole APV10-13: 2.56 g/t Au, 47.2 g/t Ag, 1.42% Cu and 4.44% Zn over 7.50 m.
Hole APV10-14: 0.50 g/t Au, 10.2 g/t Ag, 0.21% Cu and 0.79% Zn over 9.00 m.
Hole APV10-15: 1.30 g/t Au, 43.4 g/t Ag, 0.46% Cu and 6.63% Zn over 6.90 m.
Hole APV10-16: 1.85 g/t Au, 35.6 g/t Ag, 0.28% Cu and 2.92% Zn over 13.42 m.
Hole APV10-18: 0.37 g/t Au, 5.2 g/t Ag, 0.21% Cu and 0.62% Zn over 16.91 m.
All of the drill holes are located in the developing sector named Pon Hill and
have all intersected sulphide mineralization both as disseminated stockwork and
as volcanogenic massive to semi-massive sulfides with related hydrothermal
alteration. Several intercepts have been made in the supergene secondary
enrichment zone. Values of up to 17.1 g/t Au, greater than 100 g/t Ag, 4% Cu and
22% Zn were intersected during this current drilling campaign. (see map at
www.evertonresources.com)
"We are pleased to advance Phase II of our drill program at Everton's Pueblo
Viejo West project adjacent to the Barrick/Goldcorp Pueblo Viejo mine site. In
the meantime, we are also pleased to announce advancements in extending the
mineralized zone at the La Lechoza project to an area of 700 meters by 600
meters. The mineralized system now defines a strike length of over 2.1
kilometers. We will continue to build on these VMS polymetalic results into the
new year and look forward to establishing a copper, gold, silver, and zinc
resource in the very near future," commented Andre Audet, Everton's Chairman and
CEO.
All of these intersects are believed to be near true width's thickness. Core
recoveries for the intervals averaged 87%.
Table of assay intercepts:
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Hole APV10-13 - Pon Hill (-75 degrees )
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From(m) To(m)Length(m) Au(g/t) Ag(g/t) Cu(%) Zn(%) Comments
--------------------------------------------------------------------------
Secondary
Enriched,
semi-massive
14.00 21.50 7.50 2.56 47.2 1.42 4.44 sulfides
--------------------------------------------------------------------------
Secondary
Enriched,
semi-massive
21.50 27.50 6.00 0.11 2.92 0.46 0.62 sulfides
--------------------------------------------------------------------------
Disseminated
stockwork
27.50 34.10 6.60 0.06 3.00 0.30 0.33 footwall zone.
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Hole APV10-14 - Pon Hill (-70 degrees )
--------------------------------------------------------------------------
From (m) To(m)Length(m) Au(g/t) Ag(g/t) Cu(%) Zn(%) Comments
--------------------------------------------------------------------------
11.00 20.00 9.00 0.50 10.20 0.21 0.79 Oxide Zone
--------------------------------------------------------------------------
20.00 24.50 4.50 0.32 15.10 - 0.25 Oxide Zone
--------------------------------------------------------------------------
Sulfide
106.00 109.00 3.00 0.39 3.21 0.39 - stringers
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Hole APV10-15 - Pon Hill (-75 degrees )
--------------------------------------------------------------------------
From (m) To(m)Length(m) Au(g/t) Ag(g/t) Cu(%) Zn(%) Comments
--------------------------------------------------------------------------
Secondary
Enriched,
massive
44.00 50.90 6.90 1.30 43.4 0.46 6.63 sulfides
--------------------------------------------------------------------------
Massive
54.62 58.40 3.78 0.18 5.4 0.17 2.24 sulfide
--------------------------------------------------------------------------
Semi-massive
58.40 62.70 4.30 0.08 2.3 0.38 0.25 sulfide
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Hole APV10-16 - Pon Hill (-75 degrees )
--------------------------------------------------------------------------
From (m) To(m)Length(m) Au(g/t) Ag(g/t) Cu(%) Zn(%) Comments
--------------------------------------------------------------------------
Secondary
enrichment
27.58 41.00 13.42 1.85 35.6 0.28 2.92 zone.
--------------------------------------------------------------------------
Including
--------------------------------------------------------------------------
Secondary
Enriched,
massive
27.58 31.00 3.42 6.42 108.2 0.84 8.17 sulfides
--------------------------------------------------------------------------
Semi-massive
35.65 41.00 5.35 0.35 14.9 0.15 2.03 sulfide
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Hole APV10-17 - Pon Hill (-75 degrees )
--------------------------------------------------------------------------
From (m) To(m)Length(m) Au(g/t) Ag(g/t) Cu(%) Zn(%) Comments
--------------------------------------------------------------------------
Massive
133.50 134.50 1.00 0.07 5.7 0.13 2.79 sulfide
--------------------------------------------------------------------------
Disseminated &
184.90 187.00 2.10 0.06 1.90 0.20 0.44 stockwork
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Hole APV10-18 - Pon Hill (-55 degrees )
--------------------------------------------------------------------------
From (m) To(m)Length(m) Au(g/t) Ag(g/t) Cu(%) Zn(%) Comments
--------------------------------------------------------------------------
Secondary
Enriched,
semi-massive
129.09 146.00 16.91 0.37 5.15 0.21 0.62 sulfides
--------------------------------------------------------------------------
Including
--------------------------------------------------------------------------
136.00 137.00 1.00 0.73 11.40 0.51 0.65
--------------------------------------------------------------------------
Assays for holes APV10-19 through APV10-26 are pending. Drilling of Hole
APV10-27 is currently underway.
The program began October 7, 2010 with a one-man portable Hydracore core drill
at the La Lechoza Prospect in the Northern Sector of the Ampliacion property. A
second drill was added November 27th at the North Manuel showing in the Central
Sector of the property (see news release October 6, 2010). A third drill is
expected to be mobilized early January. To date a total of 14 holes have been
completed for a total of approximately 2,019 meters.
Diamond Drilling Program
The complete Phase I program consists of approximately 6,000 meters in 20 to 25
holes ranging in depth between 100 and 400 meters. This program is designed to
follow-up on targets identified during the 2009 and 2010 drilling phases, as
well as the surface exploration conducted on the Arroyo Hondo, Pinnacle Hill,
Colorado and La Lechoza prospects, where hole APV 09-24 cut 583 g/t Ag, 0.4 g/t
Au and 0.2% Cu across 17 meters, and Trench LT-11, cut across the gossan at
North Hill, returned values of 6.6 g/t Au and 19 g/t Ag across 22 meters (see
map at www.evertonresources.com).
A Phase II program that consists of deep drilling is slated to commence in early
2011, as soon as adequate equipment is on site. This program will include 10,000
meters in 8 to 12 holes averaging between 800 and 1200 meters. The purpose of
this program is to test the deep portions of the mineralization system inferred
to occur beneath a barren silica lithocap in the southwestern sector of the
Ampliacion Pueblo Viejo concession.
Qualified Person and QA/QC Assurance
This news release was reviewed by, and all recent fieldwork was performed under
the supervision of Robert Wheatley, P. Geo., who is a qualified person as
defined by National Instrument 43-101. Mr. Wheatley is not an independent person
as he is Vice President, Exploration for Everton.
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 sawed 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 Maimon for preparation. Prepared samples
are then sent to the Acme Analytical Laboratories Ltd. ("Acme") in Vancouver for
analysis. Acme's quality control system complies with the requirements for the
International Standard ISO 9001:2000. Analytical accuracy and precision are
monitored by 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.
In Other News:
Further to an option agreement between the Company, its subsidiary Hays Lake
Gold Inc. and the Optionors on the Priske Township property (the ''Property"),
the Board of Directors approved the issuance of 40,000 common shares of the
Company to the Optionors in exchange for a six-month extension until May 19,
2011 to incur the $30,000 exploration work commitment on the Property. The
common shares are subject to a four-month holding period and to the approval of
TSX-Venture Exchange.
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/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 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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