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17.02.2010
Everton Begins an 8,000-Meter Drill Program at the Duport Gold Deposit, Kenora Region, Ontario
Everton Begins an 8,000-Meter Drill Program at the Duport Gold Deposit, Kenora Region, Ontario
Everton Resources Inc. (TSX-V: EVR; Frankfurt: ERV) is pleased to announce the beginning of an
8,000-meter diamond drilling program around the Duport Gold Deposit on the Shoal Lake West Project, near Kenora, Ontario.
The 30-hole drilling program started on February 12, 2010 with three drills currently operating and another rig being mobilized. The program is testing gold targets around the Duport Gold Deposit where NI 43-101 compliant Mineral Resources is estimated at 424,000 tonnes grading 13.40 g/t Au for 182,000 contained ounces of gold; and Inferred Mineral Resources is estimated at 387,000 tonnes grading
10.69 g/t Au for 131,000 contained ounces of gold (see press release of July 9th, 2009). More specifically, the drilling program is testing the Duport Deformation Zone (DDZ) comprising the Main and East (Footwall) mineralized zones, the Stevens Island Deformation Zone (SIDZ) and selected regional geophysical targets from the combined airborne magnetic and electromagnetic survey flown in 2005 by Fugro.
The Duport Gold Deposit is hosted by strongly deformed and altered basic rocks within the major northeast-trending, steeply west dipping Duport Deformation Zone. Gold mineralization is present over a strike length of approximately 1.8 km. Grades of possible economic interest have been intersected to a depth of approximately 600 m with a potential to increase the resource base through the discovery of additional zones along strike and at depth.
All core will be logged on site and samples prepared from the drill core will be assayed using ALS Chemex in Thunder Bay that is accredited by the Standards Council of Canada to ISO/IEC 17025 guidelines.
Everton recently acquired the private company Hays Lake Gold Inc. (HLG) which was granted its most significant option by Halo Resources Ltd. (Halo) in October 2008, pursuant to which HLG was granted by Halo the right to earn up to a 75% undivided interest in the Shoal Lake West property (see press release of July 9th, 2009).
This press release was prepared by Marc L’Heureux, P. Geo. and VP Exploration of Everton, who acts as Everton’s Qualified Person as defined by NI 43-101. Field work and drill program proposal and preparation were done under the direct supervision of Kevin Leonard, P. Geo.
Everton holds through its 100%-owned subsidiary HLG various options consolidated land package located in the Shoal Lake area, near Kenora, Ontario. The Shoal Lake Gold Project is comprised
of two significant high grade gold deposits: Duport and Cedar Island on 81.3 km2. Everton is also actively exploring in the Dominican Republic adjacent to the US$2.7 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). Pueblo Viejo is estimated to contain 22.4 million ounces of gold, 455 million pounds of copper and
131.3 million ounces of silver. The Company is also exploring in the Opinaca region of James Bay, Quebec where the Company has amassed one of the largest land claims adjacent to Goldcorp’s Eleonore gold deposit, which currently hosts an estimated mineral resource of 5.3 million ounces of gold.
For more information, please contact:
Andre Audet, Chairman & CEO
andre@evertonresources.com
Tel: 613-241-2332
Fax: 613-241-8632
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 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.
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Everton Resources Inc. (TSX-V: EVR; Frankfurt: ERV) is pleased to announce the beginning of an
8,000-meter diamond drilling program around the Duport Gold Deposit on the Shoal Lake West Project, near Kenora, Ontario.
The 30-hole drilling program started on February 12, 2010 with three drills currently operating and another rig being mobilized. The program is testing gold targets around the Duport Gold Deposit where NI 43-101 compliant Mineral Resources is estimated at 424,000 tonnes grading 13.40 g/t Au for 182,000 contained ounces of gold; and Inferred Mineral Resources is estimated at 387,000 tonnes grading
10.69 g/t Au for 131,000 contained ounces of gold (see press release of July 9th, 2009). More specifically, the drilling program is testing the Duport Deformation Zone (DDZ) comprising the Main and East (Footwall) mineralized zones, the Stevens Island Deformation Zone (SIDZ) and selected regional geophysical targets from the combined airborne magnetic and electromagnetic survey flown in 2005 by Fugro.
The Duport Gold Deposit is hosted by strongly deformed and altered basic rocks within the major northeast-trending, steeply west dipping Duport Deformation Zone. Gold mineralization is present over a strike length of approximately 1.8 km. Grades of possible economic interest have been intersected to a depth of approximately 600 m with a potential to increase the resource base through the discovery of additional zones along strike and at depth.
All core will be logged on site and samples prepared from the drill core will be assayed using ALS Chemex in Thunder Bay that is accredited by the Standards Council of Canada to ISO/IEC 17025 guidelines.
Everton recently acquired the private company Hays Lake Gold Inc. (HLG) which was granted its most significant option by Halo Resources Ltd. (Halo) in October 2008, pursuant to which HLG was granted by Halo the right to earn up to a 75% undivided interest in the Shoal Lake West property (see press release of July 9th, 2009).
This press release was prepared by Marc L’Heureux, P. Geo. and VP Exploration of Everton, who acts as Everton’s Qualified Person as defined by NI 43-101. Field work and drill program proposal and preparation were done under the direct supervision of Kevin Leonard, P. Geo.
Everton holds through its 100%-owned subsidiary HLG various options consolidated land package located in the Shoal Lake area, near Kenora, Ontario. The Shoal Lake Gold Project is comprised
of two significant high grade gold deposits: Duport and Cedar Island on 81.3 km2. Everton is also actively exploring in the Dominican Republic adjacent to the US$2.7 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). Pueblo Viejo is estimated to contain 22.4 million ounces of gold, 455 million pounds of copper and
131.3 million ounces of silver. The Company is also exploring in the Opinaca region of James Bay, Quebec where the Company has amassed one of the largest land claims adjacent to Goldcorp’s Eleonore gold deposit, which currently hosts an estimated mineral resource of 5.3 million ounces of gold.
For more information, please contact:
Andre Audet, Chairman & CEO
andre@evertonresources.com
Tel: 613-241-2332
Fax: 613-241-8632
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 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.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA3004101075">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA3004101075</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.