OTTAWA, ONTARIO--(Marketwired - March 2, 2017) -
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN
Everton Resources Inc. ("Everton" or the "Corporation") (TSX VENTURE:EVR) has commenced its drill program on its Arroyo Carpintero concession. This is the first time ever that this concession has seen any drilling. The property is located 35 km south-east of Pueblo Viejo Gold Mine and 50 km north of the capital of Santo Domingo. The drill program will consist of seven diamond drill holes that range between 400 metres and 600 metres in length with a program totaling 3,000 metres.
"We are excited to finally start our historic drill program at Majagual Hill on the Arroyo Carpintero concession and to confirm a new copper-gold porphyry system discovery in the Dominican Republic," commented André Audet, Chairman and Chief Executive Officer of Everton.
The program is designed to confirm the discovery of a large copper porphyry system lying beneath Majagual Hill. The targets were identified using the recent results of the induced polarization (IP) survey that seems to indicate a large, deep, and strong chargeability anomaly that is centred beneath Majagual Hill. There is a strong resistivity signature which has a strong correlation with the chargeability anomaly. Additionally, there is a positive correlation between the locations of both the resistivity and chargeability anomalies with elevated concentrations of gold and copper in the soil and rocks. This signature is indicative of a potential large-scale copper porphyry system (reference - news release of December 14, 2016).
Geologically, the Arroyo Carpintero project is part of a series of volcanic centres that developed during the formation of the Island Arc. The Pueblo Viejo deposit seems to be in the northwestern most volcanic centre; Arroyo Carpintero lies in the central volcanic centre, and deposits such as the ones in the Bayaguana region are interpreted to be in the southeastern end of this belt.
The seven drill locations are shown on a map at the Corporation's website.
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 also 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 recently announced the acquisition of two 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.
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, 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.