OTTAWA, ONTARIO -- (Marketwire) -- 01/09/13 -- Everton Resources Inc. ("Everton") (TSX VENTURE: EVR)(OTCQX: EVRRF)(FRANKFURT: ERV) is pleased to provide an update for its exploration projects located in the Dominican Republic ("DR").
Ampliacion Pueblo Viejo II ("APV")
The APV property is located along the western and northern boundaries of Barrick - GoldCorp's Pueblo Viejo gold mine (Proven and Probable Reserves of 25.3 M ounces) (refer to Barrick Gold's financial statements for their year end December 31, 2011) which commenced gold production on August 14, 2012. The APV property is divided into three project areas: APV North, APV Central and APV South.
During November and December 2012 Everton carried out a detailed sampling and mapping survey in the southern sector of the Ampliacion Pueblo Viejo project, adjacent to the Monte Negro pit of the Pueblo Viejo mine. The survey consisted of auger soil and rock sampling of an area 600 x 900 metres in the target Arroyo Hondo North. It is believed that structures controlling mineralisation in the Arroyo Hondo I and II pits of Pueblo Viejo may extend into the APVS sector in this area. Previous exploration on drill holes APV09-03 and APV11-33 in this target intersected anomalous intervals of 55 metres @ 0.25 g/t and 54 metres @ 0.29 g/t Au, including 43.5 m @ 0.18% Cu.
A total of 140 auger soils and rock samples were collected. Of these, 80 samples were scanned with a Niton XRF (X-ray fluorescence) analyzer and 60 samples were sent for ICP-MS assaying at Acme Laboratories. The gold values are clustered over an area of outcrop of breccia of possible hydrothermal origin. Elevated values of Cu and Mo also occur associated with Au over the breccia.
Everton plans to follow up on these results with a close spaced diamond drilling program and a deep penetration ground IP survey aimed to locating and defining any possible structurally controlled mineralisation in this sector.
APV Figure 1
The Pun-Ponton property, which covers 6,725 ha, is situated in the south central region of the Dominican Republic approximately 20 km east of the Pueblo Viejo mine. It includes the mineral prospects of Majagual Hill, Copey Hill and Los Cumanies-Granadillo (Cumani). Majagual Hill has characteristics of porphyry Cu-Au-Mo mineralization, Copey Hill epithermal, high-sulphidation Au mineralization, and Cumani volcanogenic massive sulphide (VMS) polymetalic mineralization.
Since 2007, Everton has conducted a regional exploration program over the property including active stream sediments, soils and rock geochemistry, trenching and pit excavation and geologic mapping. No geophysical surveys have been completed on this property.
The 2011 and 2012 exploration program results define several multi-element anomalies associated with the mineral occurrences. Extensive surface hydrothermal alteration has also been mapped in the areas of the geochemical anomalies. The anomalies are principally associations of Cu-Au-Mo on Majagual Hill, Au-Ag-Cu on Copey and Cu-Zn-Au- Ag on Cumanies-Granadillo. Maximum values recorded in rock samples from these areas are 4 g/t Au, 29.8 g/t Ag, 0.63% Cu and 0.67% Zn and anomalous concentrations of Mo (136 ppm) and Pb (0.12%) (Figure 2A) (Figure 2B)
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