Everton Announces Start-Up of Second Drill at Deep Drilling Program on the Ampliacion Pueblo Viejo Project, Dominican Republic
10 June 2011 - 12:27AM
Marketwired
Everton Resources Inc. (TSX VENTURE: EVR)(FRANKFURT: ERV)
("Everton" or the "Company") is pleased to announce the arrival of
its second drill rig to commence work this week on its pioneering,
20,000-metres deep-drilling program at the Ampliacion Pueblo Viejo
project (the "APV Project") located in the central region of the
Dominican Republic.
The new drill will be used to drill for gold and copper
discovery targets beneath the silica lithocap on the APV Project
which is located just west of and immediately adjacent to
Barrick/Goldcorp's Pueblo Viejo gold deposit.
"Our target is the porphyritic intrusion that we believe, backed
by geological theory, is associated with Pueblo Viejo, one of the
largest gold deposits in the Western Hemisphere," stated Andre
Audet, Chairman and CEO of Everton.
Drilling through the silica lithocap is aimed to test the theory
that underneath it lies a shallow level porphyritic intrusion that,
in turn, may be associated with porphyry style copper-gold
mineralization as documented in similar geological
environments.
The current drill program commenced in March of 2011 when the
first 600-metre capable drill commenced activities to explore
mineralized structures or possible extensions of the mineralisation
from the Monte Negro and Arroyo Hondo pits of the Pueblo Viejo
complex.
This program anticipates drilling of eight to twelve holes
ranging in depth between 800 and 1,200 metres. The new Maxidrill 18
built in Laval, Quebec is capable of drilling up to 1,500 metres in
NQ size core and will be used to drill the deeper holes which are
anticipated to be cut through the extensive silica lithocap that
extends over 20 square kilometres west and north of the APV
Project. Numerous geochemical and geophysical anomalies have been
defined at surface and at depth and these are the targets to be
tested. A third drill currently being assembled in Spain and it is
anticipated that it will replace an older drill currently being
used on the APV Project.
About Everton Resources Inc.
The company holds a 50% interest in the Ampliacion Pueblo Viejo
("APV"), Ponton and La Cueva projets (the "Concessions"), which are
managed by Everton and are contiguous with Barrick's and GoldCorp's
the US$3 billion Pueblo Viejo project. 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 APV 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.
Cautionary Note
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: Andre Audet, Chairman and CEO
andre@evertonresources.com 613-241-2332 613-241-8632 (FAX)
www.evertonresources.com
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