Everton and Brigus Continue to Receive Positive Drill Results on the La Lechoza VMS Prospect in the Dominican Republic Intersects 23.4 m of 4.76 g/t Au and 23.07 g/t Ag in Hole APV 10-30 and 26.0 m of 1.81 g/t Au, 99 g/t Ag and 0.58% Cu over 40.5 m
Intersects 23.4 m of 4.76 g/t Au and 23.07 g/t Ag in Hole APV 10-30 and 26.0 m of 1.81 g/t Au, 99 g/t Ag and 0.58% Cu over 40.5 m in Hole APV 10-33
OTTAWA, ONTARIO -- (Marketwire) -- 01/27/11 -- Everton Resources Inc., (TSX VENTURE: EVR)(Frankfurt: ERV) and its partner Brigus Gold Corp. (TSX and NYSE Amex: BRD) are pleased to announce the advances made on the core drilling program currently underway at the La Lechoza Prospect on the Ampliacion Pueblo Viejo property, located adjacent to the Pueblo Viejo gold deposit, in Central Dominican Republic.
Highlights are:
-- Hole APV10-30: 4.76 g/t Au and 23.07 g/t Ag over 23.37 m.
-- Hole APV10-33: 1.81 g/t Au and 99.0 g/t Ag over 26.0 m and 0.58% Cu over
40.5 m.
-- Hole APV10-19: 0.49 g/t Au, 5.34 g/t Ag, 0.14% Cu and 1.14% Zn over
10.50 m.
-- Hole APV10-20: 0.23 g/t Au, 8.34 g/t Ag, 0.20% Cu, 0.73% Zn over 129.00
m.
-- Hole APV10-26: 5.11 g/t Ag, 0.43% Cu and 0.18% Zn over 9.00 m.
-- Hole APV10-27: 0.27% Cu over 27.00 m.
(see map at www.evertonresources.com)
Commenting on these developments, Everton's CEO and President, Andre Audet, said: 'We continue to be very encouraged by the drill results at La Lechoza. We are now achieving some of our best gold, silver and copper drill results on this developing VMS target. We plan to continue drilling this prospect and test at least eight new targets in the next four months.'
Table of assay intercepts:
Hole APV10-19 - La Lechoza Pon Hill
From To Length Au Ag Cu Zn
(m) (m) (m) (g/t) (g/t) (%) (%) Comments
--------------------------------------------------------------------------
Disseminated to
semi-massive
116.00 126.50 10.50 0.49 5.34 0.14 1.14 sulphides.
129.25 153.00 23.75 - 2.85 - -
160.00 181.00 21.00 - 2.87 - -
Including
173.00 176.00 3.00 0.11 3.63 - -
190.22 197.00 6.78 - 2.51 - 0.27
Including
193.00 194.00 1.00 0.18 5.00 - 0.11
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Hole APV10-20 - La Lechoza Pon Hill
From To Length Au Ag Cu Zn
(m) (m) (m) (g/t) (g/t) (%) (%) Comments
--------------------------------------------------------------------------
18.00 147.00 129.00 0.23 8.34 0.20 0.73
Including
18.00 40.00 22.00 0.53 20.73 0.50 2.52
And including
Secondary
24.00 26.00 2.00 1.76 85.85 0.73 10.54 enrichment.
Secondary
33.00 40.00 7.00 0.50 16.54 0.68 2.46 enrichment.
Semi-massive
62.00 69.00 7.00 0.10 2.01 - 0.73 sulphides.
Semi-massive
84.00 90.00 6.00 0.20 14.93 - 0.81 sulphides.
Disseminated
112.00 132.00 20.00 0.32 8.17 0.31 1.04 sulphides.
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Hole APV10-22 - La Lechoza Pon Hill
Cu Zn
From (m) To (m) Length (m) Au (g/t) Ag (g/t) (%) (%) Comments
--------------------------------------------------------------------------
Disseminated
55.65 58.50 2.85 0.29 10.22 - - sulphides.
--------------------------------------------------------------------------
Hole APV10-23 - La Lechoza Pon Hill
From To Length Au Ag Cu Zn
(m) (m) (m) (g/t) (g/t) (%) (%) Comments
--------------------------------------------------------------------------
Low values
--------------------------------------------------------------------------
Hole APV10-25 - La Lechoza Spanish Pit
From To Length Au Ag Cu Zn
(m) (m) (m) (g/t) (g/t) (%) (%) Comments
--------------------------------------------------------------------------
Saprolite,
- 4.50 4.50 0.59 - - - clay rich soil.
Saprolite,
9.00 24.00 15.00 0.40 - - - clay rich soil.
--------------------------------------------------------------------------
Hole APV10-26 - Spanish Pit
From To Length Au Ag Cu Zn
(m) (m) (m) (g/t) (g/t) (%) (%) Comments
--------------------------------------------------------------------------
Weathering
zone,
8.00 17.00 9.00 - 5.11 0.43 0.18 saprolite
Including
8.00 11.00 3.00 - 10.30 0.45 0.13
Secondary
enriched
semi-massive
41.00 53.00 12.00 - - - 1.48 sulphides
--------------------------------------------------------------------------
Hole APV10-27 - La Lechoza Spanish Pit
From To Length Au Ag Cu Zn
(m) (m) (m) (g/t) (g/t) (%) (%) Comments
--------------------------------------------------------------------------
Weathered,
brecciated
basaltic flows
and semi-massive
5.00 32.00 27.00 - - 0.27 - sulphides
Including
26.00 31.00 5.00 0.50 - 0.23 0.57
Brecciated
basaltic flows
and semi-massive
53.80 58.80 5.00 0.12 4.30 - 0.39 sulphides.
Brecciated
basaltic flows
and semi-massive
65.80 67.80 2.00 0.48 2.60 - 1.05 sulphides.
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Hole APV10-28 - La Lechoza SE of Spanish Pit
From To Length Au Ag Cu Zn
(m) (m) (m) (g/t) (g/t) (%) (%) Comments
--------------------------------------------------------------------------
Oxidized
veinlets and
3.00 23.00 20.00 - - - 0.22 stockworks.
--------------------------------------------------------------------------
APV10-30 - La Lechoza North Hill
From To Length Au Ag Cu Zn
(m) (m) (m) (g/t) (g/t) % % Comments
--------------------------------------------------------------------------
Oxidation and
5.55 28.92 23.37 4.76 23.07 - - gossan zone.
Including
5.55 14.00 8.45 12.86 22.80 - -
15.50 28.92 13.42 - 25.00 - -
39.00 70.50 31.50 - - 0.33 -
Including
40.00 42.00 2.00 - - 1.23 -
--------------------------------------------------------------------------
APV10-31 - La Lechoza North Hill
From To Length Au Ag Cu Zn
(m) (m) (m) (g/t) (g/t) % % Comments
--------------------------------------------------------------------------
18.50 21.50 3.00 0.39 - - - Gossan
20.00 23.00 3.00 - 7.90 - -
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APV10-32 - La Lechoza North Hill
From To Length Au Ag Cu Zn
(m) (m) (m) (g/t) (g/t) % % Comments
--------------------------------------------------------------------------
Jasper and
basalt with
traces
18.50 23.00 4.50 - 3.70 - - sulphides.
Including
18.50 20.00 1.50 2.05 5.40 - -
--------------------------------------------------------------------------
APV10-33 - La Lechoza North Hill
From To Length Au Ag Cu Zn
(m) (m) (m) (g/t) (g/t) % % Comments
--------------------------------------------------------------------------
Mineralized
0.00 26.00 26.00 1.81 99.00 - - breccias.
Including
0.00 17.00 17.00 2.56 148.00 - -
And
including
0.00 6.50 6.50 4.55 14.70 - -
9.50 14.00 4.50 1.57 535.00 - -
36.50 77.00 40.50 - 0.58% -
Including
36.50 44.00 7.50 - 1.22% -
--------------------------------------------------------------------------
Everton also announces the results of five previously unreported holes from the 2010 campaign (APV10-08 to APV10-12):
APV10-08 - Pon Hill
From (m) To (m) Length (m) Au (g/t) Ag (g/t) Cu % Zn % Comments
--------------------------------------------------------------------------
Brecciated
basaltic flows
and semi-
massive
1.80 9.50 7.70 0.52 - - - sulphides.
12.50 15.50 3.00 0.18 - - -
2.30 7.50 5.20 - 13.93 - -
12.50 14.50 2.00 - 9.06 - -
1.80 7.50 5.70 - - 0.21% -
30.50 39.50 9.00 - - 0.21% -
0.00 63.85 63.85 - - - 0.18%
--------------------------------------------------------------------------
APV10-09 - SE of Spanish Pit
From (m) To (m) Length (m) Au (g/t) Ag (g/t) Cu % Zn % Comments
---------------------------------------------------- ---------------------
0.00 5.00 5.00 0.10 - - -
12.50 29.00 16.50 0.29 - - -
Including
15.00 20.00 5.00 - 10.49 - -
0.00 45.50 45.50 - - 0.41% -
Including
26.00 33.50 7.50 - - 1.44% 0.19%
--------------------------------------------------------------------------
APV10-10 - Pon Hill : Low values
APV10-11 - Pon Hill
From (m) To (m) Length (m) Au (g/t) Ag (g/t) Cu % Zn % Comments
--------------------------------------------------------------------------
28.30 32.00 3.70 0.21 - - -
24.50 32.00 7.50 - 6.11 - -
24.50 38.00 13.50 - - - 0.44%
Including
30.50 32.00 1.50 - - - 1.52%
--------------------------------------------------------------------------
APV10-12 - Central Gossan
From (m) To (m) Length (m) Au (g/t) Ag (g/t) Cu % Zn % Comments
--------------------------------------------------------------------------
0.00 2.00 2.00 0.22 4.40 - -
5.00 11.00 6.00 0.21 - - -
32.00 36.75 4.75 0.27 - - 0.70%
38.00 48.50 10.50 - - - 0.33%
--------------------------------------------------------------------------
Holes APV10-21, Holes APV10-24, and Holes APV10-29 at the Noth Manuel target returned low values.
Assays for APV11-01 to APV11-05 pending. Holes APV11-06 and APV11-09 currently underway.
The mineralization at La Lechoza has the characteristics of exhalative polymetallic volcanogenic massive sulphides (VMS) and is zoned laterally and possibly vertically. Hole APV10-20 was drilled parallel to the interpreted structure and confirmed the lateral zonation of the metal distribution and the dip angle of the structure. The stratigraphy in these holes is dominated by basaltic andesites, breccias and tuffs, and banded cherts which directly overlay the mineralized structure at Pon Hill.
Diamond Drilling Program
This program to date has completed 3,400 metres and another 12 holes are planned during the next two months. This program is designed to follow-up on targets identified during the 2009 and 2010 drilling phases.
A second phase of the program that consists of deep drilling is slated to commence in early 2011, as soon as the adequate equipment is ready. This program will include 10,000 meters in 8 to 12 holes between 800 and 1200 meters. The purpose of this program is to test the deep portions of the mineralization system inferred to occur beneath a barren silica lithocap covering the area in the southwestern sector of the Ampliacion Pueblo Viejo concession.
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. 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
613-241-2332
613-241-8632 (FAX)
andre@evertonresources.com
Wendy Pemberton
Manager, Corporate Communications
613-241-2332
613-241-8632 (FAX)
wendy@evertonresources.com
www.evertonresources.com