1/17/2006
Everton Intersects Gold Mineralization from Drilling at the Tres Bocas Prospect, Loma El Mate Concession, Dominican Republic
Everton Resources Inc. (TSX-V: EVR) and Linear Gold Corp. (TSX:LRR) are pleased to announce that drilling has identified massive sulfide and gossan related gold mineralization at the Tres Bocas prospect of the Loma El Mate concession in the Dominican Republic. Highlights of the initial three-hole drilling program include a two meter intercept grading 3.05 grams per tonne gold within a six meter zone containing 1.67 grams per tonne gold. A 0.4 meter massive sulfide intercept from a second drill hole contained 1.3 grams per tonne gold, 106 grams per tonne silver, 2.47 percent copper, and 1.35 percent zinc.
The three-hole program was completed during November at Tres Bocas to test a newly discovered gold and copper anomaly located approximately 5.9 kilometres to the southeast of the Pueblo Viejo gold deposits. Soil sampling over the Tres Bocas prospect identified a NW trending zone of gold and copper over a strike length of approximately 900 meters. Rock-chip and float sampling from the area produced numerous samples greater than 0.1 grams per tonne gold including a boulder sample containing 29.4 grams per tonne gold. Several strong IP chargeability anomalies were also identified coincident with the surface trend of the gold and copper soil anomaly.
The three drill holes completed were widely spaced over 550 meters along the gold-in-soil target, and all three drill holes successfully cut the intended target. Results from the drilling indicate that gold and copper mineralization is present in the hanging wall of a brittle reverse fault that placed deformed, mafic volcanic rocks over younger, fine grained epiclastic sedimentary rocks.
Drill hole TBM-03 was located at the NW end of the gold soil anomaly, and cut a strongly weathered, clay-rich interval containing massive gossan zones in the upper 10 meters of the hole, and then passed through the brittle reverse fault at 10.3 meters. The gossan-bearing composite interval form 2 to 8 meters depth averaged 1.67 grams per tonne gold, including 2 meter intervals of 1.35, 3.05, and 0.63 grams per tonne gold. Recovery was overall poor in this near-surface intersection, and true grades may be either higher or lower than the reported analyses. The trend remains open to the NW and at depth.
The second drill hole, TBM-02, was collared 230 meters to the SE of TMB-03, and the hole cut a 0.4 meter interval of auriferous massive sulfide perched over 30 meters of strongly altered and foliated meta-volcanic rock. The brittle fault zone was cut from 46 to 55 meters. The 0.4 meter massive sulfide interval, located at 21.34 meters depth, contains 1.3 grams per tonne gold, 106 grams per tonne silver, 2.5% copper, and 1.3% zinc. The 30 meter section of altered volcanic rocks below the massive sulfide zone was anomalous in gold over 26 meters with average grades less than 0.1 grams per tonne gold.
The first hole, TBM-01, was collared 340 meters to the SE of TBM-02. TBM-01 cut the brittle shear zone from 18.2 to 30.2 meters. A semi-massive pyrite interval involved in the shear zone was cut from 22.86 to 26.0 and contained low-level gold grades averaging 0.13 grams per tonne over 6 meters.
A second round of drilling for 1,000 meters with a minor amount of geologic mapping is planned for spring 2006. Drilling will test mainly induced polarization anomalies in coincidence with soil geochemical anomalies.
The completion of this program allowed Everton to fulfill its work commitment of $500,000 US and to gain a 50% interest in the project. Everton will also issue $40,000 US and of 50,000 shares to Linear Gold to finalize its 50% earn-in.
This press release was revised by Marc L’Heureux, P.Geo. and Vice President of Exploration of Everton who serves as the Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Properties, and has verified the data disclosed in this news release.
Sample analyses were completed by ALS Chemex Laboratory Services Limited of Sudbury, Ontario. Samples were assayed for gold by 30g digestion Fire Assay - AA finish and other metals by ICP.
The TSX Venture Exchange neither approves nor disapproves of the information contained in this News Release. The Company's Shares are listed on the TSX Venture Exchange and trade under the symbol “EVR”.
For more information, please contact:
André Audet Chairman & CEO
Tel: 613 241 2332
Fax: 613 241 6005
Email address: [email protected]
www.evertonresources.com
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