Everton and Brigus Report More Positive Drill Results on the La Lechoza VMS Prospect in the Dominican Republic
March 02 2011 - 8:03AM
Marketwired Canada
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.
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
