Everton Resources Begins a 1,180 Kilometres Airborne Survey on Its Detour Lake Gold Project, Quebec
TSX VENTURE: EVR
OTTAWA, ONTARIO--(Marketwired - Aug. 30, 2016) - Everton Resources Inc. ("Everton" or the "Company") (TSX VENTURE:EVR) is pleased to announce that it has contracted Prospectair Geosurveys Inc. for a detailed helicopter-borne magnetic and Time Domain electromagnetic survey of its 100% owned Detour Lake Gold project in Quebec. The 136 claims cover 7,437 hectares (74.37 square kilometres). The Detour Gold Quebec project area is a highly prospective area for gold deposits associated with the Sunday Lake and Lower Detour deformation zones. It is mostly known for hosting the Detour Lake mine, which has a gold reserve measured over 15.5 million ounces (reference: Detour Lake 2014 National Instrument 43-101 technical report), and the Casa Berardi mine.
The claims were acquired using Diagnos Inc.'s property computer-aided resource detection system (CARDS) to target the gold potential in the Detour Lake area of Quebec. The CARDS technology uses powerful pattern recognition algorithms to analyze digitally compiled exploration data and identifies precise areas (gold targets) with, geological, topography and geophysical signatures similar to areas of know mineralization. Based on analysis and on known lithology and structural geology in the region, over six high-priority gold targets were identified and staked. One of these priority gold targets is located 16 kilometres north of the Casa Berardi mine and overlaps the road.
The survey is expected to be completed by early September. Once the survey is completed, Joel Dubé, Eng., a consultant specialized in geophysics will generate anomalies and targets for follow up prospecting and potential drilling. These results should be available by mid-September.
The technical content of this release was reviewed by Remi Charbonneau, 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.
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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