Everton Resources Inc.

Everton Resources Inc.

February 02, 2011 09:30 ET

Everton and Brigus Announce More Positive Drill Results on the La Lechoza VMS Prospect in the Dominican Republic

Intersects 2.89 g/t Au and 28.58 g/t Ag over 17.50 metres (hole APV11-04) and 2.46 g/t Au, 26.73 g/t Ag over 27.00 metres (hole APV11-02)

OTTAWA, ONTARIO--(Marketwire - Feb. 2, 2011) - Everton Resources Inc., (TSX VENTURE:EVR)(FRANKFURT:ERV) and its partner Brigus Gold Corp. (TSX and NYSE Amex: BRD) are pleased to announce the latest results received from the core drilling program currently underway at the La Lechoza VMS Prospect on the Ampliación Pueblo Viejo property, located adjacent to the Pueblo Viejo gold deposit, in Central Dominican Republic. Highlights are:

  • Hole APV11-01: 0.34 g/t Au, 7.69 g/t Ag, 0.45% Cu and 0.26% Zn over 33.00 metres.

  • Hole APV11-02: 2.46 g/t Au, 26.73 g/t Ag over 27.00 metres.

  • Hole APV11-04: 2.89 g/t Au and 28.58 g/t Ag over 17.50 metres.

Commenting on these developments, Everton's CEO and President, Andre Audet, said: "The ongoing drill program continues to confirm the mineralization discovered at La Lechoza, and points towards new and significant targets defined on the basis of geological, geochemical and geophysical surveys completed in the previous years."

Table of assay intercepts:

APV11-01 -Pon Hill - down-dip crossing APV10-07 and 10-16.
From m To m Length m Au g/t Ag g/t Cu % Zn % Comments
6.50 39.50 33.00 0.34 7.69 0.45 0.26  
8.00 11.00 3.00 1.55 28.50 0.40 0.33  
36.50 38.00 1.50 0.47 13.14 1.27% 0.42  
APV11-02 - North Hill - 15 m SW of APV10-30
From m To m Length m Au g/t Ag g/t Cu % Zn % Comments
- 27.00 27.00 2.46 26.73 - -  
- 7.00 7.00 8.42 16.25 0.12 -  
And including              
3.50 6.00 2.50 21.86 25.06 - -  
30.20 36.00 5.80 - - 0.53 -  
39.00 44.00 5.00 - - >0.31% -  
41.00 42.00 1.00 - - >1.00% -  
APV11-03 - Spanish Pit - Low values
APV11-04 - North Hill - 15 m NE of APV10-30
From m To m Length m Au g/t Ag g/t Cu % Zn % Comments
- 3.00 3.00 - 28.53 - -  
6.00 9.00 3.00 - - 0.15 -  
9.00 26.50 17.50 2.89 28.58 - -  
9.00 13.50 4.50 10.02 46.43 - -  
33.75 51.00 17.25 - - 0.44 -  
35.75 38.50 2.75 - - >1.00% -  
54.00 62.00 8.00 - - >0.39% -  
60.00 61.00 1.00 - - >1.00% -  

This press release was reviewed by Robert Wheatley, P. Geo. and VP Exploration of Everton, who acts as Everton's Qualified Person as defined by NI 43-101. Personnel, at the project, photograph each individual core box from each core hole prior to measuring core recovery and geologically logging the hole. The core is then sawn in half with one half going to the lab and the other half kept for reference. All sample shipments are sealed and shipped to Acme Analytical Laboratories (R.D.) S.A. at Maimón for preparation. Prepared samples are then sent to the Acme Analytical Laboratories Ltd. in Vancouver for analysis. Acme's quality control system complies with the requirements for the International Standard ISO 9001:2000 by monitoring analytical accuracy and precision with the insertion and analysis of blanks, reference standards and duplicate samples. Everton's Quality Control is further assured by the use of in-house blanks. The use of certified standards and independent analysis of duplicate samples is being initiated.


Everton is partnered with Brigus Gold on actively exploring in the Dominican Republic adjacent to the US$3 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). Planned divestiture of its 100%-owned subsidiary Hays Lake Gold containing the Shoal Lake Gold Project in Kenora, Ontario is expected to provide internal funding to advance the Ampliación Pueblo Viejo project. Everton also holds an interest in the Opinaca region of James Bay, Quebec where the Company has partnered with Aurizon Mines Ltd. who is advancing Everton's interest by funding 100% of all exploration work on one of the largest land packages adjacent to Goldcorp's Eleonore gold deposit.

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.

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