EVERTON COMMENCES CORE-DRILLING PROGRAM AT JOBO CLARO,
PUEBLO VIEJO DISTRICT, DOMINICAN REPUBLIC
Everton Resources Inc. (TSX-V: EVR, Frankfurt: ERV) ("Everton" or the "Company") is pleased to announce that a 1200 -1500 meter core-drilling program commenced on November 21st at the Company's 100%-owned Jobo Claro concession in the Dominican Republic. The Jobo Claro concession is located adjacent to the eastern border of the Pueblo Viejo mine, where Barrick Gold (NYSE/TSX: ABX) and Goldcorp (NYSE: GG, TSX: G) have identified 18.1 million ounces of gold, 2.6 billion pounds of zinc, 358 million pounds of copper and 88 million ounces of silver. The goal of the core-drilling program at Jobo Claro is to test for Pueblo Viejo-type high-sulphidation gold mineralization.
Based on a recent review of the helicopter-borne magnetic and electromagnetic (EM) data, in conjunction with new structural interpretation and air-track drilling data, Everton will drill-test at least six different targets during the 1200 -1500 meter drill program, including one target that is approximately 1 km from one of the Pueblo Viejo mine pits. All drill targets at Jobo Claro are located along a structural trend that may be the south-eastern extension of the Pueblo Viejo Moore pit. Airborne magnetics and EM data suggests the presence of mafic intrusives and some NE-SW shallow structural conductors.
The Jobo Claro concession is underlain by Cretaceous andesites and dacites of the Los Ranchos Formation intruded by tonalite and diorites of the same age. The southern portion of the concession may include parts of the lower Tertiary Las Lagunas volcano-sedimentary sequence. The area is largely covered by fluvial/lacustrine quaternary sediments. Scattered exposures show local argillic altered andesitic volcanics and disseminated stringer type oxidized sulphide mineralization. Fresh pyritic mineralization was intersected in shallow air-track drill holes at the Gossan Hill target in the southern part of the concession.
This press release was prepared under the supervision of Marc L'Heureux, P.Geo., Everton's Vice-President of Exploration, who acts as the ‘Qualified Person" as described by NI 43-101.
Everton is well funded and actively exploring in the Opinaca region of James Bay, Quebec where Everton has amassed one of the largest land claims adjacent to Goldcorp's (NYSE: GG, TSX: G) Eleonore gold deposit where Goldcorp recently announced an initial gold resource of 2.8 million ounces. Everton is also actively exploring in the Dominican Republic adjacent to where the world's largest gold mining company, Barrick Gold (NYSE/TSX: ABX) is partnering with Goldcorp to develop, at an estimated cost of $2.3 billion, the Pueblo Viejo deposit, that contains 18.1 million ounces of gold, 2.6 billion pounds of zinc, 358 million pounds of copper and 88 million ounces of silver.
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This press 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.
The TSX Venture Exchange neither approves nor disapproves of the information contained in this Press Release.
The Company’s Shares are listed on the TSX Venture Exchange and trade under the symbol "EVR".
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