Everton Reports Additional Results From La Lechoza Including 11.26 g/t Au and 235 g/t Ag, 0.76% Cu, 6.99% Zn, 1.05% Pb Over 1.50 Metres and a Deep Drilling Update From Ampliacion Pueblo Viejo
OTTAWA, ONTARIO -- (Marketwire) -- 04/13/11 -- Everton Resources Inc., ('Everton') (TSX VENTURE: EVR)(FRANKFURT: ERV) is pleased to report additional results from the La Lechoza prospect at the Ampliacion Pueblo Viejo concession, immediately adjacent to Barrick/Goldcorp's Pueblo Viejo gold deposit in the Dominican Republic.
Highlights include in drill hole APV11-30: 10.50 m at 2.29 g/t Au, 65 g/t Ag, 0.64% Cu and 3.43% Zn, including 1.50 m at 11.26 g/t Au, 235 g/t Ag, 0.76% Cu, 6.99% Zn and 1.05% Pb.
'The latest La Lechoza numbers continue to prove the value of our strategy to focus our exploration and discovery operations exclusively on Ampliacion Pueblo Viejo,' said Andre Audet, President and CEO of Everton Resources Inc.
'Last year, Everton Resources Inc. began divesting its Canadian gold properties to enable its management to re-focus its energies on the company's Dominican Republic gold, silver and copper resources immediately adjacent to the 24 million ounce Barrick/Goldcorp Pueblo Viejo gold deposit.
'We've positioned ourselves perfectly - financially and operationally - to deliver the potential our shareholders and backers expect from us,' he said.
'Our positioning has led to the progress we've seen today. The growing understanding of our mineralized geology brings us a step closer towards initiating the calculation of a resource estimate in compliance with National Instrument 43-101' Mr. Audet said.
Other results include:
APV11-30 - Between Pon Hill and Spanish Pit
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From To Length Au Ag Cu Zn Notes
m m m g/t g/t % %
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12.50 23.00 10.50 2.29 65.00 0.64% 3.43%
Including
12.50 15.50 3.00 7.16 166.10 0.96% 5.25%
And including
12.50 14.00 1.50 2.97 97.00 1.15% 3.52%
And
14.00 15.50 1.50 11.26 235.00 0.76% 6.99% 1.05% Pb
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Note: assays 30.50 m to 147.50 m pending.
APV11-29 - North Hill
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From To Length Au Ag Cu Zn Notes
m m m g/t g/t % %
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155.00 158.00 3.00 1.75 4.80 - -
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APV11-28 - Pon Hill
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From To Length Au Ag Cu Zn Notes
m m m g/t g/t % %
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8.00 11.00 3.00 0.23 10.00 0.90% 0.64%
Including
9.50 11.00 1.50 0.29 19.00 1.46% 0.40%
32.00 36.50 4.50 0.22 7.50 - -
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APV11-26 - Spanish Pit
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From To Length Au Ag Cu Zn Notes
m m m g/t g/t % %
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108.50 122.00 13.50 0.72 3.10 - -
Including
110.00 111.50 1.50 1.35 4.50 - -
And
116.00 117.50 1.50 1.08 4.00 - 0.60%
And
119.00 125.50 6.50 1.56 3.30 - -
Also:
98.00 186.50 88.50 - - - 0.23%
Including
128.00 162.50 34.50 - - - 0.35%
And including
134.00 143.00 9.00 - - - 0.61%
And including
134.00 135.50 1.50 - - - 1.21%
And
141.50 143.00 1.50 - - - 1.91%
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APV11-25 - Spanish Pit
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From To Length Au Ag Cu Zn Notes
m m m g/t g/t % %
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- 14.00 14.00 - 10.35 - -
Including
1.00 3.50 2.50 - 13.20 - -
And
6.50 9.50 3.00 - 23.10 - -
And
12.50 14.00 1.50 - 17.20 - -
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APV11-22 - Frank's Farm
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From To Length Au Ag Cu Zn Notes
m m m g/t g/t % %
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1.00 6.50 5.50 29.97
Including
1.00 2.00 1.00 78.40
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APV11-21 - Cd Target
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From To Length Au Ag Cu Zn Notes
m m m g/t g/t % %
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0.00 2.00 2.00 0.13 7.50 - -
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APV11-18 - North Hill
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From To Length Au Ag Cu Zn Notes
m m m g/t g/t % %
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1.00 2.00 1.00 0.14 - - -
20.00 21.50 1.50 - 11.10 - -
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APV11-16 - Alfredito Farm
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From To Length Au Ag Cu Zn Notes
m m m g/t g/t % %
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8.50 16.00 7.50 0.21 - - -
37.00 49.00 12.00 0.41 3.96 - 0.30%
Including
43.00 44.50 1.50 1.92 6.60 - 0.34%
55.00 59.50 4.50 0.31 2.63 - 0.36%
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(i)APV11-31-North Hill, APV11-27-MJ Target, APV11-24-North Hill, APV11-23-Jasper Field, APV11-20-Alfredito Farm, APV11-19-Alfredito Farm, APV11-17-Alfredito Farm; have no meaningful values or low values.
The deep drilling program designed to test the theory of deep mineralization covered by a barren silica lithocap was started on March 24 and is currently underway. Hole APV11-33 is in progress. The drilling program is being conducted by the local contractor Geocivil, S.A., in partnership with Cubanex and Heath and Sherwood.
This news 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 and Brigus Gold Corp hold 50-50% interests in the Ampliacion Pueblo Viejo ('APV') and Loma El Mate projects, which are managed by Everton and are contiguous with Barrick's and Goldcorp's US$3 billion Pueblo Viejo gold project. Everton has the right to earn an additional 20% interest in each of the projects by investing further. 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.
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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:
Everton Resources Inc.
Andre Audet
Chairman and CEO
613-241-2332
613-241-8632 (FAX)
andre@evertonresources.com
www.evertonresources.com