OTTAWA, ONTARIO--(Marketwired - Aug. 15, 2016) - Everton Resources Inc. ("Everton" or the "Company") (TSX VENTURE:EVR) is pleased to announce that it has completed the initial field program on its Blue Sky Jackpot Lithium Property in the Thunder Bay Mining District of Ontario approximately 150 kilometers northeast of Thunder Bay.
The purpose of the program was to evaluate historical references to pegmatite outcrops on the Blue Sky Jackpot Lithium Property and to take samples to establish if the referenced pegmatites are lithium bearing.
The program has exceeded expectations and has resulted in a two kilometer trend about 300 meters wide consisting of several distinct outcrop areas individually comprised of pegmatite and spodumene bearing pegmatite. In some cases, the pegmatite outcrops are situated in distinct subcrop trends that infer continuity in excess of 200 meters. Many of these areas have previously been identified by E. G. Pye, 1965, "Geology and Lithium Deposits of the Georgia Lake Area, Thunder Bay District" Geological Report No. 31. The field program encountered all of the outcrops that were reported to exist and visually encountered spodumene where reported historically. Additional several new outcrops of spodumene bearing pegmatite were also encountered. Thirty eight samples of bedrock material have been submitted for analysis to confirm the presence of lithium in the pegmatites.
Everton is also pleased to report acquisition through staking of an additional 720 hectares (four claim groups comprised of 45 claim units) that have been recorded at the Ministry of Northern Development and Mines. These claims groups are located to add additional Blue Sky exploration potential to the property.
Everton's Blue Sky Jackpot Lithium property surrounds the Jackpot Occurrence, a small four claim unit group in the center of the Everton property that is also described by E. G. Pye in his 1965 report as reportedly hosting a historic non-compliant resource of 2 million tons of 1.09% lithium oxide.
Assay results have been submitted on a rush basis results will be released on receipt. If warranted by the results Everton will immediately commence the permitting process to further develop the property. The thrust of additional work will have the immediate goal of assigning continuity and grade to the lithium bearing pegmatites, and will likely take the form of stripping - washing outcrop areas, followed by channel sampling and bulk sampling.
The technical content of this release was reviewed by Wade Kornik, P.Geo., a qualified person as defined by the 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 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.
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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.
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