Everton's Partner Aurizon Identifies Gold Bearing Corridors on Opinaca and Wildcat Gold Properties, James Bay Region, Quebec
November 19 2012 - 9:59AM
Marketwired
Everton Resources Inc. ("Everton")(TSX VENTURE:EVR) (OTCQX:EVRRF)
(FRANKFURT:ERV) is pleased to announce that its partner Aurizon
Mines Ltd ("Aurizon") identified several new gold targets on the
Opinaca and Wildcat properties in 2012. The upcoming 2013 work
program will include a diamond drilling phase. The Opinaca and
Wildcat properties are located near Goldcorp's Eleonore gold
deposit in the James Bay region of Quebec.
Aurizon recently informed Everton that it will renew its option
for a second year on the Wildcat (1 to 7) and the Opinaca (A, B and
B-North) properties. The Opinaca properties are subject to a
three-way agreement with Azimut Exploration Inc (TSXV: AZM) (see
press release dated September 16, 2010). Azimut and Everton
currently hold a 50% interest these properties.
Andre Audet, Chairman and Chief Executive Officer of the
Corporation said "Everton is pleased that Aurizon is aggressively
moving the project forward and continuing with its earn in option
for a 3rd year and is planning on intensive winter drill program in
2013. The results continue to show the potential for discoveries on
these properties adjacent to the multimillion ounces Eleonore Mine
being developed by Goldcorp and going in production on 2014".
Aurizon's extensive 2012 program comprised:
On Opinaca Properties:
-- 622 line-kilometres of helicopter-borne magnetic-EM survey
-- 684 soil samples
-- 243 rock grab samples
-- 290 channel samples
-- 93 till samples
On Wildcat Properties:
-- 728 line-kilometres of helicopter-borne magnetic-EM survey
-- 303 soil samples
-- 763 rock grab samples
-- 15 channel samples
-- 146 till samples
The main results from the 2011 and 2012 exploration campaign are
the discovery of three significant outcropping targets-the D8, Eric
and Penelope prospects-on the Opinaca B property. Two additional
targets-Baileys prospect on Wildcat 3 property and Autor prospect
on Wildcat 6 property-are characterized mainly by gold bearing
boulders with associated till gold anomalies. These targets,
located along an east-west structure at the boundary between the
Opinaca and La Grande geological subprovinces, share similarities
with the geological context of the Eleonore deposit.
D8 target
The D8 trench displays a 20-metres-wide sheared and altered
sedimentary unit with amphibolite and quartz-tourmaline veinlets.
Best channel sampling results include 2.3 g/t Au over 1.0 metre and
0.55 g/t Au over 4.0 metres. This area presents gold anomalies in
soil and till.
Eric target
Located less than 1 kilometre north of D8, eight (8) bedrock
samples returned values above 0.1 g/t Au, including 2 samples above
0.5 g/t Au, up to 1.56 g/t Au. The gold-bearing samples were
collected within a kilometric-scale arsenic and gold geochemical
target in soil. Mineralization is typically related to
calc-silicate altered sediments and arsenopyrite-tourmaline-bearing
pegmatites.
Penelope target
Located about 1 kilometre west of the Eric and D8 targets, ten
(10) bedrock samples returned values above 0.1 g/t Au, including
four (4) with values above 0.5 g/t Au up to 4.26 g/t Au.
Mineralization is associated with quartz-tourmaline veins and
veinlets.
Autor target
Located halfway between Eric target and Aurizon's Brad target
along the same corridor, the Autor target presents the best gold
soil anomalies coupled with Au anomalies in till and bottom lake
sediments. Thirty-two (32) boulder samples returned values above
0.1 g/t Au, including six (6) with values above 0.5 g/t Au up to
3.81 g/t Au. Three (3) bedrock samples returned values above 0.1
g/t Au, including one sample at 0.93 g/t Au. Gold is associated
with both calc-silicate altered sediments with low percentage of
sulphides and intense silica-chlorite altered sediments with local
tourmaline and locally abundant pyrite. Arsenic enrichment is much
more sporadic in this area.
Baileys target
Located about 7 kilometers north-west of the Claude showing, one
(1) boulder sample returned 4.11 g/t Au, 1.5 kilometers west of an
historic gold bearing boulder. Gold is associated with a garnet and
biotite altered paragneiss with 5 percent sulphides including
pyrite-pyrrhotite and chalcopyrite mineralization. The mineralized
structure seems to pass underneath a nearby lake. This area
represents a distinct corridor than the one including all the above
targets but share similarities in term of gold and arsenic
anomalies in till, bottom lake sediments and soil geochemistry.
Property-scale exploration
Work performed at the scale of the properties, including the
collection of till samples and a helicopter-borne magnetic-EM
survey, will be used to further define drilling targets. The
results of these surveys are currently under review. The Smiley
prospect (at Opinaca A), Claude prospect (at Opinaca B) and Conglo
prospect (at Wildcat 1) both discovered during previous programs,
are still considered very attractive drilling targets.
Rock samples were sent to ALS Minerals in Val-d'Or, Quebec, and
were assayed using an ICP method. Soil samples were assayed using
the MMI method by SGS Minerals Services in Toronto, Ontario. The
helicopter-borne survey was performed by Fugro Airborne Surveys
based in Mississauga, Ontario. Martin Demers, P.Geo., Aurizon's
Exploration Manager and a qualified person as defined by National
Instrument 43-101, has reviewed the data disclosed in this
release.
About Everton Resources Inc.
Everton is actively exploring in the Dominican Republic adjacent
to Pueblo Viejo project, currently being mined by the world's
largest gold mining company, Barrick Gold Corporation (60%) in
partnership with Goldcorp Inc. (40%) ("Goldcorp") (NYSE:GG)(TSX:G).
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.
For further information on Everton Resources Inc. please visit
www.evertonresources.com.
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that involve risks and uncertainties, such as statements of
Everton's plans, objectives, strategies, expectations and
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Contacts: Andre Audet Chairman and CEO 613-241-2332 613-834-7708
(FAX)andre@evertonresources.com