Everton Announces Start-Up of Second Drill at Deep Drilling Program on the Ampliacion Pueblo Viejo Project, Dominican Republic
OTTAWA, ONTARIO -- (Marketwire) -- 06/09/11 -- Everton Resources Inc. (TSX VENTURE: EVR)(FRANKFURT: ERV) ('Everton' or the 'Company') is pleased to announce the arrival of its second drill rig to commence work this week on its pioneering, 20,000-metres deep-drilling program at the Ampliacion Pueblo Viejo project (the 'APV Project') located in the central region of the Dominican Republic.
The new drill will be used to drill for gold and copper discovery targets beneath the silica lithocap on the APV Project which is located just west of and immediately adjacent to Barrick/Goldcorp's Pueblo Viejo gold deposit.
'Our target is the porphyritic intrusion that we believe, backed by geological theory, is associated with Pueblo Viejo, one of the largest gold deposits in the Western Hemisphere,' stated Andre Audet, Chairman and CEO of Everton.
Drilling through the silica lithocap is aimed to test the theory that underneath it lies a shallow level porphyritic intrusion that, in turn, may be associated with porphyry style copper-gold mineralization as documented in similar geological environments.
The current drill program commenced in March of 2011 when the first 600-metre capable drill commenced activities to explore mineralized structures or possible extensions of the mineralisation from the Monte Negro and Arroyo Hondo pits of the Pueblo Viejo complex.
This program anticipates drilling of eight to twelve holes ranging in depth between 800 and 1,200 metres. The new Maxidrill 18 built in Laval, Quebec is capable of drilling up to 1,500 metres in NQ size core and will be used to drill the deeper holes which are anticipated to be cut through the extensive silica lithocap that extends over 20 square kilometres west and north of the APV Project. Numerous geochemical and geophysical anomalies have been defined at surface and at depth and these are the targets to be tested. A third drill currently being assembled in Spain and it is anticipated that it will replace an older drill currently being used on the APV Project.
About Everton Resources Inc.
The company holds a 50% interest in the Ampliacion Pueblo Viejo ('APV'), Ponton and La Cueva projets (the 'Concessions'), which are managed by Everton and are contiguous with Barrick's and GoldCorp's the US$3 billion Pueblo Viejo project. 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 APV 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
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
andre@evertonresources.com
613-241-2332
613-241-8632 (FAX)
www.evertonresources.com