Everton Exploration Update: Hecla Mining Starts $800,000 Exploration Program in James Bay, Quebec
June 26 2014 - 5:46PM
Marketwired Canada
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Everton Resources Inc.
Andre Audet
Chairman and CEO
613-241-2332
613-424-5682 (FAX)
andre@evertonresources.com
www.evertonresources.com
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