Everton Exploration Update: Hecla Mining Starts $800,000 Exploration Program in James Bay, Quebec
June 26 2014 - 4:47PM
Marketwired
Everton Exploration Update: Hecla Mining Starts $800,000
Exploration Program in James Bay, Quebec
OTTAWA, ONTARIO--(Marketwired - Jun 26, 2014) - Everton
Resources Inc. ("Everton" or the "Company")
(TSX-VENTURE:EVR)(FRANKFURT:ERV) is actively exploring for precious
metals in both Canada and the Dominican Republic and is pleased to
report on the results of winter drilling and exploration plans for
2014.
Quebec
Hecla Quebec Inc.
("Hecla"), a wholly owned subsidiary of Hecla Mining Company, has
advised Everton that it has completed its previously announced
(February 27, 2014) winter drill program on the Wildcat 1 property.
The Wildcat property is a strategically- located assemblage of
claims partially surrounding the Goldcorp's Eleonore mine, which is
currently under construction. Hecla has the option to earn up to a
65% interest in the property.
The drill program
tested one isolated gold-in-till anomaly exploration target within
the Wildcat 1 claim blocks. The target was supported by a 500
metre-wide gold-in-till anomaly coincident with a gold-arsenic
anomaly in soil. Although no significant drill assays were
encountered in this program, the three holes drilled initiated the
investigation of this area entirely covered by overburden.
Hecla has advised
that it plans to undertake detailed ground work, on the Wildcat
property, this summer with a budget in the order of $800,000. The
program will include infill sampling in the areas of the winter
drilling as well as other targets where the results were promising.
The sampling will be done to better define exploration vectors and
allow the delineation of targets that could be the basis of a drill
program later this year.
Dominican Republic
Everton completed a
diamond core drill program at the Ampliacion Pueblo Viejo property.
A total of 2,525 metres were drilled in 10 holes. All of the holes
except hole #4 achieved the intended depths. The holes were planned
to test potential structures and associated mineralization
interpreted from previous drill campaigns, ground and airborne
geophysics, soils and rock geochemistry and geological mapping.
Although the
drilling did not include results that could be considered potential
high grade mineralization, several intervals of anomalous gold,
copper, silver and pathfinder elements were encountered. The
maximum gold value encountered was 0.93 g/t over an interval of
1.52 metres in holes 14-01 and 03. Other gold assays are in the
range of 0.52 g/t to 0.61 g/t (3 intercepts) over interval lengths
of 1.04 to 1.52 metres. Silver assays in the range of 5.5 g/t to 22
g/t over intervals of 0.99 to 2.96 metres and copper assays in the
range of 1.18% to 2.05% over intervals of 0.55 to 1.13 metres in
hole 14- 04. A total of 1,844 samples were collected and assayed at
Acme Laboratories ("Acme").
The samples were
prepared at the Acme facilities in Maimon, Dominican Republic and
sent to Acme in Vancouver, British Columbia, for assaying. The
assay preparation is the standard Acme for rocks R200, and assayed
by Aqua regia digestion followed by ICP/MS (Acme assay code AQ200).
Certified standards and blanks were inserted in the sample stream,
as well as duplicates and un-mineralized limestone samples for
QA/QC control.
On the Ponton
concession (100% Everton) in the Dominican Republic, planning is
underway for line cutting and an Induced Polarization ("IP") survey
to be conducted. This work will commence upon receipt of
permitting. It is hoped that the geophysics will be completed and
evaluated this summer and will be used to define targets for a
drill program later this year. Previous work on the concession by
Everton has identified interesting gold mineralization in soil
anomalies within the area to be surveyed with IP. These surficial
anomalies will be targeted by the proposed drill program.
Everton recently
announced (April 1, 2014) the successful acquisition of options on
six mining concessions in the Dominican Republic that are described
in the news release dated October 25, 2013. Everton is currently
compiling information related to these concessions and formulating
plans to advance these strategic properties.
The technical
information on the Dominican Republic in this news release has been
reviewed and approved by Mr. Hugo Dominguez, C.P.G., who acts as
Everton's Qualified Person, as defined under National Instrument
43-101.
About Everton
Resources Inc.
Everton is actively
exploring in the Dominican Republic adjacent to the Pueblo Viejo
Mine, owned by the world's two largest gold mining companies,
Barrick Gold Corporation (60%) in partnership with Goldcorp Inc.
(40%) ("Goldcorp"). Everton also holds an interest in the Opinaca
region of James Bay, Quebec where the Company has partnered with
Hecla Mining Company (formerly Aurizon Mines Ltd.) which 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.
For further
information on Everton Resources Inc., please visit
www.evertonresources.com
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 AudetChairman and
CEO613-241-2332613-424-5682andre@evertonresources.comwww.evertonresources.com
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