Second Drill Deployed as Everton Accelerates Drilling Program in the Dominican Republic
OTTAWA, ONTARIO -- (Marketwire) -- 12/01/10 -- Everton Resources Inc. (TSX VENTURE: EVR)(FRANKFURT: ERV) is pleased to report that it has added a second drill to the 6,000 meter, Phase One exploration drill program on the Ampliacion Pueblo Viejo concession, contiguous to Barrick and Goldcorp's Pueblo Viejo Project. Drilling is well underway with approximately one third, or 2,000 meters completed. Phase One drilling is comprised of approximately 30 holes, averaging 200 meters with the deepest being 300 meters.
'We have accelerated our current drill schedule by engaging a second drill which started last Friday with assay results expected before mid December,' stated Andre Audet, Chairman and CEO of Everton. 'A third, larger drill will be deployed as soon as we can arrange for a contractor and set up at our site on the western border of the Pueblo Viejo concession. We are very pleased with our strategic plan to focus all our energy in the Dominican Republic and we plan to provide additional insight on our Dominican Republic properties when we release upcoming drill results.'
About Everton
Everton is partnered with Brigus Gold on actively exploring in the Dominican Republic adjacent to the US$3.0 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.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
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 from 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. 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.
Gary Economo
Manager, Corporate Communications
613-241-2332
613-241-8632 (FAX)
gary@evertonresources.com
www.evertonresources.com