OTTAWA, ONTARIO--(Marketwire - April 6, 2010) - Everton Resources Inc. (TSX VENTURE:EVR)(FRANKFURT:ERV) is pleased to announce further results from the winter drill program recently completed on the Shoal Lake West property, located 60 km west of Kenora, Ontario.
The current results from the drill program succeeded at extending the zone of mineralization down to a depth of 365 meters where hole SLW10-11 intersected 16.61 g/t Au over 2.14 m and hole SLW10-15 cut 10.72 g/t Au over 1.83 m. These holes were planned to expand the gold resources by testing the down plunge extension of the prospective Main and East Zones, included within the Duport Deformation Zone ("DDZ"). In addition, the parallel Stevens Island Deformation Zone ("SIDZ"), located 750 meters southeast of the DDZ, was investigated with drill hole SLW10-26 that returned a high grade gold intersection of 11.72 g/t Au over 2.44 meters. This consists of a major breakthrough since this under-explored zone may extend over a strike length of at least 400 meters as indicated by VLF-EM ground geophysics. In the past, holes SL-89-02 and SL-90-4, drilled 115 meters apart along the SIDZ, intersected values of 8.30 g/t Au across 2.95 m (167.94 m to 170.89 m), 6.45 g/t Au across 1.05 m (186.70 m to 187.75 m), and 12.66 g/t Au over 1.85 m (190.42 m to 192.27 m) in hole SL-89-02. Hole SL-90-04 intersected 3.24 m at 4.00 g/t Au (36.49 m to 39.73 m).
Commenting on the results, Everton's President and CEO, Andre Audet said:
- Today's drilling results enhance our encouraging preliminary results from three weeks ago. These results from
- of the 28 drill holes for the Shoal Lake West property, confirm the potential of this project as a key component of our two-prong strategy in The Dominican Republic and Canada.
We've had very encouraging results in the Dominican Republic, and now with these exciting results and a potential major breakthrough where we may be able to extend this under explored zone over a strike length of at least 400 meters at the Stevens Island Deformation Zone, may substantially increase our resource."
The latest results presented in this press release are part of the 28-hole winter drill program for 8,271 meters realized from February 12 to March 10, 2010.
Results previously announced have included a high-grade gold intersection of 7.15 g/t Au over 17.1 m, including 9.72 g/t Au over 11.0 m and including 44.43 g/t Au over 1.4 m from hole SLW10- 04 that was testing the Main Zone on Line 8200N at a vertical depth of 180 meters.
During the drill program, the DDZ that hosts the prospective Duport Gold Deposit was drilled tested over a strike length of 6.1 km, and down to a vertical depth of 365 meters. The Duport gold deposit is characterized by two main laterally persistent silicified shear zones referred to as the Main and East (Footwall) zones that contain stringer and disseminated pyrite, pyrrhotite and arsenopyrite. The zones dip 70 degrees to the west. National Instrument 43-101 compliant mineral resources at the Duport Gold Deposit are currently estimated at 424,000 tonnes grading 13.40 g/t Au for 182,000 contained ounces of gold in an indicated category and 387,000 tonnes grading 10.69 g/t Au for 131,000 contained ounces of gold in an inferred category (see press release of July 9th, 2009).
Highlights of the most recent holes are summarized below. Additional results will be released as assay data becomes available:
Quality Control and Quality Assurance Program
All samples were submitted for gold analysis to ALS Chemex Laboratories in Thunder Bay, Ontario. A quality assurance quality control (QA/QC) program was implemented during the drilling campaign. The program consisted of submitting duplicate, standard and blank samples. Rejects and pulps from a range of grades will be submitted to a second accredited laboratory. QA/QC data is currently being analyzed.
This press release was prepared by Marc L'Heureux, P. Geo. and VP Exploration of Everton, who acts as Everton's Qualified Person as defined by NI 43-101. Field work and drill program proposal and preparation were done under the direct supervision of Kevin Leonard, P. Geo.
Everton is actively exploring in the Dominican Republic adjacent to the US$2.7 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). Pueblo Viejo is estimated to contain 22.4 million ounces of gold, 455 million pounds of copper and 131.3 million ounces of silver. Everton also holds through its 100%-owned subsidiary Hays Lake Gold various options consolidated land package located in the Shoal Lake area, near Kenora, Ontario. The Shoal Lake Gold Project is comprised of two significant high grade gold deposits: Duport and Cedar Island on 81.3 km2. The Company is also exploring in the Opinaca region of James Bay, Quebec where the Company has amassed one of the largest land claims adjacent to Goldcorp's Eleonore gold deposit, which currently hosts an estimated total mineral resource of 9.4 million ounces of gold.