Everton and Brigus Report More Positive Drill Results on the La Lechoza VMS Prospect in the Dominican Republic
March 02 2011 - 8:03AM
Marketwired
Everton Resources Inc., (TSX VENTURE: EVR)(FRANKFURT: ERV) and its
partner Brigus Gold Corp. (TSX: BRD)(NYSE Amex: BRD) are pleased to
announce the latest results received from the core drilling program
currently underway at the La Lechoza VMS Prospect on the Ampliacion
Pueblo Viejo property, located adjacent to the Pueblo Viejo gold
deposit, in Central Dominican Republic. Highlights are:
-- Hole APV11-07: 0.31 g/t Au, 0.38% Cu and 1.05% Zn over 18.50 metres.
-- Hole APV11-08: 1.44 g/t Au and 85.98 g/t Ag over 6.00 metres.
-- Hole APV11-12: 1.72% Zn over 10 metres and 0.78% Zn over 7.5 metres.
-- Hole APV11-14: 1.35 g/t Au, 31.66 g/t Ag, 6.59% Cu and 0.35% Zn over 7.5
metres.
-- Hole APV11-15: 22.94 g/t Ag and 0.48% Cu over 7.5 metres.
"Our discovery efforts continue to reward us and our
shareholders. Today's results show these are some of the best holes
we've seen yet," said Andre Audet, President and CEO of Everton
Resources Inc.
"Combined with our previous results, our geologists' growing
understanding of La Lechoza Prospect has led to a more targeted
drilling program intent on discovering higher grades and thicker
intercepts," Mr. Audet added.
"Ultimately, the value of our decision to focus our business
activities almost entirely in the Central Dominican Republic has
been endorsed by EVR stakeholders. The assays appear to support our
decision too," he said.
Table of assay intercepts:
APV11-05 - North Hill
----------------------------------------------------------------------------
From m To mLength m Au g/t Ag g/t Cu % Zn % Notes
0.00 3.00 3.00 0.36 11.37 - -
1.00 87.50 86.50 - - - 0.35%
2.00 5.00 3.00 - - 0.34% -
----------------------------------------------------------------------------
APV11-06 - Pon Hill - Low values.
----------------------------------------------------------------------------
APV11-07 - Pon Hill
----------------------------------------------------------------------------
From m To mLength m Au g/t Ag g/t Cu% Zn% Notes
90.00 126.00 36.00 - - - 0.62%
Including
106.50 125.00 18.50 0.31 - 0.38% 1.05%
Other intercepts
97.50 136.50 39.00 0.26 6.27 - 0.58%
114.00 123.00 9.00 0.33 5.12 0.42% 1.63%
Including
114.00 117.00 3.00 0.52 8.00 0.47% 3.91%
----------------------------------------------------------------------------
APV11-08 - Pon Hill
----------------------------------------------------------------------------
From m To mLength m Au g/t Ag g/t Cu% Zn% Notes
0.00 65.00 65.00 0.26 13.26 0.11% 0.66%
Including
3.50 26.00 22.50 0.62 31.19 0.18% 0.37%
And including
14.00 20.00 6.00 1.44 85.98 - -
And
24.50 30.50 6.00 - 8.17 0.11% 1.72%
----------------------------------------------------------------------------
Preliminary.
APV11-09 - Pon Hill - Low values
----------------------------------------------------------------------------
APV11-10 - North Hill
----------------------------------------------------------------------------
From m To mLength m Au g/t Ag g/t Cu% Zn% Notes
0.00 30.50 30.50 - - 0.14% -
Including
0.00 6.50 6.50 0.47 - - -
----------------------------------------------------------------------------
APV11-11 - North Hill
----------------------------------------------------------------------------
From m To mLength m Au g/t Ag g/t Cu% Zn% Notes
9.50 35.00 25.50 - - - 0.31%
Including
9.50 29.00 19.50 - - 0.19% 0.35%
And including
11.00 14.00 3.00 0.22 4.15 0.34% 0.42%
41.00 48.50 7.50 - - - 0.81%
Including
44.00 46.00 2.00 1.28 13.88 - 1.56%
----------------------------------------------------------------------------
APV11-12 - Jasper Field
----------------------------------------------------------------------------
From m To mLength m Au g/t Ag g/t Cu% Zn% Notes
0.00 27.50 27.50 - 8.92 - 0.16%
Including
2.50 12.50 10.00 - 12.82 - 1.72%
54.50 62.00 7.50 0.93 11.36 - 0.78%
----------------------------------------------------------------------------
APV11-13 - Alfredito Farm - Low values.
----------------------------------------------------------------------------
APV11-14 - North Hill
----------------------------------------------------------------------------
From m To mLength m Au g/t Ag g/t Cu% Zn% Notes
0.00 29.00 29.00 - - 0.29% -
Including
21.50 29.00 7.50 1.35 31.66 6.59% 0.35%
And including
24.50 26.00 1.50 4.17 116.00 20.27% 1.50% VMS
36.50 48.50 12.00 - 8.66 0.68% 0.35%
Including
45.50 48.50 3.00 - 27.75 1.36% 0.80%
----------------------------------------------------------------------------
APV11-15 - North Hill
----------------------------------------------------------------------------
From m To mLength m Au g/t Ag g/t Cu% Zn% Notes
0.00 42.50 42.50 - - 0.20% -
Including
0.00 6.50 6.50 0.88 11.72 - -
And
17.00 42.50 25.50 - - 0.32% -
Including
21.50 29.00 7.50 - 22.94 0.48% -
----------------------------------------------------------------------------
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 Maimon 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 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.
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.
Contacts: Everton Resources Inc. Andre Audet Chairman and CEO
613-241-2332 613-241-8632 (FAX) andre@evertonresources.com Everton
Resources Inc. Wendy Pemberton Manager, Corporate Communications
613-241-2332 613-241-8632 (FAX) wendy@evertonresources.com
www.evertonresources.com
Everton Resources (TSXV:EVR)
Historical Stock Chart
From Nov 2024 to Dec 2024
Everton Resources (TSXV:EVR)
Historical Stock Chart
From Dec 2023 to Dec 2024