EVERTON and Linear Gold Discover a New Mineralized Zone at La Lechoza West on the Ampliacion Pueblo Viejo Concession, Dominican Republic
Everton Resources Inc. (TSX-V: EVR, Frankfurt: ERV) and its partner Linear Gold Corp. (TSX: LRR) are pleased to announce the discovery of a new mineralized zone West of La Lechoza prospect on the northern portion of the Ampliacion Pueblo Viejo concession located in the central part of the Dominican Republic, adjacent to the Barrick/Goldcorp’s Pueblo Viejo 22.4 million ounce gold deposit.
Recent field follow-up on soil
anomalies from the 2007 survey led to the discovery of the La Lechoza West
showing which consists of a series of limonitic to siliceous gossan floats and red ferruginous jasper with white quartz stockwork veinlets
floats clustered over an area of 600 m2. A composite rock sample from several floats
La Lechoza West returned up to 1.0
g/t gold, 6.7 g/t silver, 0.1% copper and 0.12% zinc. The La Lechoza West showing is situated 1.5
kilometer northwest and on stratigraphic trend to the La Lechoza prospect from
which the best surface intercept in trench LT-11 returned 6.65 g/t gold and
18.8 g/t silver over 22.0 meters (press release September 18, 2007). In 2005,
drilling performed by Linear at La Lechoza included a 1-meter massive sulfide
zone at 10.25% copper and 5.71 g/t gold within a larger zone of 22.0 meters
containing 1.0% copper and 0.3 g/t gold (LRR press release of August 25, 2005).
Everton and Linear just completed a 90-sample infilling soil sampling program to confirm the continuity between La Lechoza and La Lechoza West. A field mapping and rock sampling program is currently underway on La Lechoza West in preparation for the upcoming drill program announced by the partners on June 1st, 2009.
This news release was prepared under the supervision of Marc L’Heureux, P. Geo. and VP Exploration of Everton, who acts as Everton’s Qualified Person as defined by National Instrument 43-101.
Everton is well funded and 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 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 Inc.’s Eleonore gold deposit, which currently hosts an estimated mineral resource of 5.3 million ounces of gold.
Linear is actively exploring for gold and base metal deposits through joint ventures with Everton in the Dominican Republic and Kinross Gold Corporation in Mexico. Linear is debt free has and working capital of approximately $30 million
For more information, please contact:
Andre Audet, Chairman & CEO
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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