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12.05.2010
Everton Resources Inc.: Update on Exploration Activities on the Ampliacion Pueblo Viejo Project, Central Dominican Republic
Everton Resources Inc.: Update on Exploration Activities on the Ampliacion Pueblo Viejo Project, Central Dominican Republic
Everton Resources Inc. (“Everton”) (TSX-V: EVR, Frankfurt: ERV) and its partner Linear Gold Corp. (TSX: LRR) (“Linear”) are pleased to provide an update on the exploration activities on the Ampliacion Pueblo Viejo (“APV”) property located adjacent to Barrick/Goldcorp’s Pueblo Viejo gold deposits, in Central Dominican Republic.
APV PIMA Targets
A comprehensive surface and drill core alteration mineral study using a PIMA (portable infrared mineral analyzer) spectrometer was conducted over the alteration lithocap at APV. In the southern sector of APV, a total of 2,149 samples were collected for PIMA readings from traverses along ridges and drainages where the advanced argillic and silicification alteration systems are best exposed. An additional 371 readings were made from soil samples collected in a regular 50 m x 50 m grid in a promising target area located NNW to the Monte Negro pit at Pueblo Viejo.
The areas covered include 17 targets delineated from geologic mapping, geochemical and geophysical anomalies. The results of the PIMA readings define a classic zoning pattern of alteration typical of high-sulphidation epithermal gold systems as found at Pueblo Viejo, including a broad envelope of quartz-pyrophyllite-kaolinite and concentric zones of quartz-alunite and quartz-dickite towards the core of the system.
Based on these results, Andre Audet Chairman & CEO of Everton said: "We continue to be encouraged at every step along the way with APV. The results of the study define similarities between our property and Barrick/Goldcorp's adjacent property. Everton plans to immediately follow-up with additional mapping and PIMA readings to correlate and better define the targets in preparation for the diamond drilling program that is slated to begin early this summer.”
La Lechoza Prospect
Everton is actually evaluating the potential to develop a gold-copper resource at the La Lechoza Prospect in the light of the recent results, which yielded up to 1.1 g/t gold over 8.0 m in hole APV10-01 and 1.27% copper over 15.0 m from hole APV09-23. Previously, results from trenches returned up to 6.65 g/t gold over 22.0 meters from trench LT-11. The plan is to delineate a resource by systematic core and reverse circulation (“RC”) drilling. A 10,000 to 15,000-meter RC program is being designed to test the near surface oxide potential resource as well as the potential of deeper primary hypogene and supergene secondary mineralization.
In addition, approximately 600 samples were collected for PIMA reading along the La Lechoza trend that extends over a strike length of 2 km in a NW-SE direction between the Spanish Pit and the La Lechoza West targets. Processing of these samples is in progress.
This news 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.
Everton is 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. Everton also holds through its 100%-owned subsidiary Hays Lake Gold 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. 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 total mineral resource of 9.4 million ounces of gold.
For more information, please contact:
Andre Audet, Chairman and 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. (“Everton”) (TSX-V: EVR, Frankfurt: ERV) and its partner Linear Gold Corp. (TSX: LRR) (“Linear”) are pleased to provide an update on the exploration activities on the Ampliacion Pueblo Viejo (“APV”) property located adjacent to Barrick/Goldcorp’s Pueblo Viejo gold deposits, in Central Dominican Republic.
APV PIMA Targets
A comprehensive surface and drill core alteration mineral study using a PIMA (portable infrared mineral analyzer) spectrometer was conducted over the alteration lithocap at APV. In the southern sector of APV, a total of 2,149 samples were collected for PIMA readings from traverses along ridges and drainages where the advanced argillic and silicification alteration systems are best exposed. An additional 371 readings were made from soil samples collected in a regular 50 m x 50 m grid in a promising target area located NNW to the Monte Negro pit at Pueblo Viejo.
The areas covered include 17 targets delineated from geologic mapping, geochemical and geophysical anomalies. The results of the PIMA readings define a classic zoning pattern of alteration typical of high-sulphidation epithermal gold systems as found at Pueblo Viejo, including a broad envelope of quartz-pyrophyllite-kaolinite and concentric zones of quartz-alunite and quartz-dickite towards the core of the system.
Based on these results, Andre Audet Chairman & CEO of Everton said: "We continue to be encouraged at every step along the way with APV. The results of the study define similarities between our property and Barrick/Goldcorp's adjacent property. Everton plans to immediately follow-up with additional mapping and PIMA readings to correlate and better define the targets in preparation for the diamond drilling program that is slated to begin early this summer.”
La Lechoza Prospect
Everton is actually evaluating the potential to develop a gold-copper resource at the La Lechoza Prospect in the light of the recent results, which yielded up to 1.1 g/t gold over 8.0 m in hole APV10-01 and 1.27% copper over 15.0 m from hole APV09-23. Previously, results from trenches returned up to 6.65 g/t gold over 22.0 meters from trench LT-11. The plan is to delineate a resource by systematic core and reverse circulation (“RC”) drilling. A 10,000 to 15,000-meter RC program is being designed to test the near surface oxide potential resource as well as the potential of deeper primary hypogene and supergene secondary mineralization.
In addition, approximately 600 samples were collected for PIMA reading along the La Lechoza trend that extends over a strike length of 2 km in a NW-SE direction between the Spanish Pit and the La Lechoza West targets. Processing of these samples is in progress.
This news 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.
Everton is 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. Everton also holds through its 100%-owned subsidiary Hays Lake Gold 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. 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 total mineral resource of 9.4 million ounces of gold.
For more information, please contact:
Andre Audet, Chairman and 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.