Everton reports encouraging drilling results on the Opinaca B Property, Eleonore Mining Camp, James Bay Region, Quebec
(TheNewswire)
Ottawa, Ontario / TheNewswire / November 9, 2017 - Everton Resources Inc. ("Everton" or the "Corporation") (TSX-V:EVR) is pleased to report that Hecla Mining Company ("Hecla") (NYSE-HL) has obtained encouraging results following a 2,945-metre diamond drilling program on the Opinaca B Property held by Everton and its partner Azimut Exploration Inc. ("Azimut") (TSXV: AZM). Best result is 0.61 g/t Au over 30.7 m (starting in mineralization), including 2.38 g/t Au over 2.0 m and 3.21 g/t Au over 1.7 m in hole OP-17-51 (see attached figure). A follow-up work program including mechanized trenching is planned in 2018.
The drilling campaign comprised 12 holes for a total of 2,945 metres of drilling on the following targets: Dominic (4 holes), Fishhook (4 holes), D8 (2 holes), Eric (1 hole) and the eastern extension of Claude (1 hole).
The Dominic Prospect, where the most significant results have been obtained, corresponds to a folded epidote-amphibole-quartz-feldspar vein hosted in metasediments close to a felsic intrusion. Starting in mineralization, hole OP-17-51 intersected 0.61 g/t Au over 30.7 m in a chloritic breccia, including two higher grade intervals: 2.38 g/t Au over 2.0 m and 3.21 g/t Au over 1.7 m. These results warrant additional evaluation during the next field program, including trenching.
The Fishhook Prospect is a magnetic anomaly related to an iron-rich sedimentary unit. Drill targets correspond to possible alteration zones and faulting. Hole OP-17-49 returned 1.06 g/t Au over 1.5 m related to a fault zone.
The D8 Prospect corresponds to an arsenopyrite-tourmaline-rich shear zone (0.55 g/t Au over 4.0 m in previous trenching) and to amphibolite-hosted quartz veins (2.3 g/t Au over 1.0 m). No significant values were obtained in the two holes. At Eric and the eastern extension of Claude, only marginal values were obtained in the two holes.
The Opinaca B Property, comprising 248 claims covering 129.7 km2, is situated in a highly prospective part of the Eleonore mining camp where significant results have been recently released for the Eleonore South Property (Azimut-Goldcorp-Eastmain JV). Hecla has the option to acquire a 50% interest in the Opinaca B Property by incurring $6 million in exploration work. The $928,000 spent during this program should complete Hecla's requirement to earn a 50% interest in the Property.
Drill core samples were sent to ALS Minerals in Val-d'Or, Quebec. Gold was analyzed by fire assay with atomic absorption and gravimetric finish for grades above 10.0 g/t Au. Altered and mineralized zones were also analyzed for a 48-element suite using ICP. Hecla applied industry-standard QA/QC procedures to the program. Certified reference materials and blanks were inserted in all drill core shipments to the laboratory.
This press release was prepared by geologist Jean-Marc Lulin, acting as Azimut's Qualified Person under NI 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.
For further information on Everton Resources Inc., please visit
Everton Resources Inc.
Andre Audet
Chairman and CEO
Tel.: 613-241-2332
Fax: 613-422-0773
www.evertonresources.com
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 from 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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