In May 2008, Everton signed a 1-year option agreement to acquire a 100% interest in the Fresso concession, which is located in north-western Dominican Republic. The Fresso concession covers 6,650 hectares (66.5 km2) where an extensive zone of disseminated sulphides mineralization occurs within the siliceous bedded chert.
The area is underlain mostly by mafic metavolcanics and cherts of the Duarte Formation (Lower Cretaceous), in contact with intrusive tonalites. Historical surface exploration and prospecting, including soil and rock geochemistry, and trenching reveals multi-element anomalies in gold, copper and zinc. Placer gold has been mined extensively in the property.
Assessment work conducted by Everton Minera Dominicana during a due diligence period prior to the acquisition of the option on the property included additional rock sampling and 6 kilometres of induced polarization (IP) geophysical survey. This survey indicates the presence of numerous significant IP anomalies which correlate with the geochemical results. These anomalies consist of high-priority targets for the drill program planned for the fall 2008. This initial drill program will consist of 5 to 10 diamond drill holes of a depth ranging between 75 m to 150 m.
Latest NewsApril 10, 2012
- Everton Retains Caracle Creek International Consulting and Appoints Dr. Scott Jobin-Bevans as Senior Technical Advisor details