Technical Report – November 4, 2012
Everton has acquired the option for an additional undivided 15% interest in the concession from Linear Gold, thereby increasing its interest to 65%, by incurring all additional expenditures on the concession to the completion of a bankable feasibility study.
Everton is currently analyzing the data from the recently completed airborne geophysical survey flown over the concession before planning a work program to follow-up on last year’s discovery hole TBM-07 at the Las Tres Bocas Target grading 2.96 g/t Au, 104.91 g/t Ag, 2.03% Cu, and 9.41% Zn over 10.58 meters. An exploration program will be proposed as soon as the processing of the airborne geophysical data is completed.
Everton and its partner are currently analyzing all the drill and field data of the Las Tres Bocas discovery. The data will be integrated with the new airborne EM and magnetic surveys to prepare for a follow-up program.