Ottawa, Ontario – (July 6, 2017) Everton Resources Inc. (“Everton” or the “Corporation”) (TSX-V:EVR) is pleased to announce that its JV Partner Azimut has reassessed the gold potential of its Opinaca A Property based on previous exploration work and new regional information. Two major gold prospects (Charles and Inex) are located along an inferred 20-km prospective trend defined by geophysical, geological and geochemical parameters, including gold anomalies in till. Only limited drilling has been completed so far on these prospects, and additional drilling is needed to better appraise their potential. Figures 1 to 3 (see attached) show the Property’s magnetic footprint and a compilation of salient exploration results to date.
The Opinaca A Property is adjacent to Goldcorp’s Eleonore mine property, just 3.4 km north of the Eleonore deposit. Opinaca A comprises 247 claims covering 128.7 km2 and is jointly held by Everton and its partner Azimut Exploration Inc. (TSXV: AZM). Azimut is manager of the project. A new exploration program is being prepared.
The two main gold prospects on the Property are described as follows:
The Charles Prospect is a 1-km-long gold prospect hosted in biotite-rich paragneiss with quartz veins and up to 15% sulphides (pyrite, pyrrhotite), marked by several high-grade grab samples (up to 42.34 g/t Au). Detailed mapping and sampling is planned to further define drill targets.
The Inex Prospect is a 1.7-km-long gold prospect associated with a garnet-biotite-amphibole-silica-rich rock hosted in paragneiss. Gold is free or associated with pyrite and pyrrhotite. The best grade among the numerous mineralized grab samples is 50.9 g/t Au. As for the Charles Prospect, additional mapping and sampling is also planned for this prospect prior to drilling.
For both prospects, the surface sampling data correlate well with drilling data to define a gold-mineralized corridor measuring 50 to 100 m wide at each location (frequent values of >0.1 g/t Au).
The current reappraisal focuses on a 20-km-long prospective area that potentially links the Charles and Inex prospects. This underexplored sector is characterized by: a) the continuity of the magnetic signature between the two prospects; b) arsenic, antimony and bismuth anomalies in lake-bottom sediments; c) gold anomalies in glacial sediments; and d) local evidence of folding, which may act as traps for gold mineralization. This vast target zone is located in the geological Opinaca Subprovince, approximately 2 to 3.5 km east from its contact with the La Grande Subprovince.
In addition, the Smiley Prospect (4.24 g/t Au over 1.0 m in hole OS-08-04-A), located 800 m north of the Eleonore mine property boundary, is positioned along a newly interpreted 2.5-km-long north-trending prospective target supported by a magnetic signature. This particular area was largely overlooked during previous exploration phases due to a general absence of outcrops.
This press release was prepared by geologist Jean-Marc Lulin, acting as Azimut’s Qualified Person under National Instrument 43-101.
About Everton Resources Inc.
Everton is an exploration company with concessions in the Dominican Republic adjacent to the Pueblo Viejo Mine, owned by the world’s two largest gold mining companies, Barrick Gold Corporation (60%) in partnership with Goldcorp Inc. (40%) (“Goldcorp”). Everton holds an interest in the Opinaca region of James Bay, Quebec where the Company has partnered with Hecla Mining Company which is advancing Everton’s interest in the Opinaca B project by funding 100% of all exploration work on one of the largest land packages adjacent to Goldcorp’s Eleonore gold deposit. Everton has also partnered with Azimut Exploration Inc. for its Opinaca A project. Everton owns two other properties: the Blue Sky Jackpot lithium property in Ontario and the Detour Lake gold property in Quebec.
For further information on Everton Resources Inc., please visit: www.evertonresources.com
Everton Resources Inc.
Andre Audet
Chairman and CEO
Tel.: 613-241-2332
Fax: 613-422-0773
[email protected]
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.
