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Everton Resources Inc.
Summary
| Project: | Arroyo Carpintero | |
|---|---|---|
| Deposit: | Arroyo Carpintero | |
| Location: | Dominican Republic | |
| Commodities: | Gold-Silver-Copper-Molybdenum | |
| Date: | 6/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-6-2017: Everton Resources Inc. announces an Exploration/Drilling Update report for its Arroyo Carpintero deposit at the Arroyo Carpintero project. Drilling results incl. 27.1m @ 0.33g/t Au, 0.46% Cu, 3.95g/t Ag, 1.88ppm Mo from 0m. Ottawa, Ontario – (Ju | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Hugo Dominguez (Independent) | |
| ABSTRACT: | Ottawa, Ontario – (June 7, 2017) Everton Resources Inc. (“Everton” or the “Corporation”) (TSX-V:EVR) is pleased to announce that it completed the first ever drilling in its 100% owned Arroyo Carpintero (formerly Ponton) concession, Monte Plata Province, in the Dominican Republic. This Phase I of the drill program, announced in N.R. March 3, 2017, consisted of 5 diamond core holes totaling 1,666.17 metres (table 1 summary of drill hole collar and depth data). The holes were positioned to test geophysical IP targets generated in the survey conducted in late 2016 (N.R. December 14, 2016) and surface rock and soil geochemical anomalies from previous and historic exploration efforts including trenching and hand dug pits (discussion of assays of trenches and pit). The assays of the core returned strong anomalous values up to 803 ppb (0.803 ppm or g/t) gold, 0.82% copper, 16 g/t silver and 745 ppm molybdenum. The mineralization in Hole AC17-01 occurs within a broad interval of 134 metres averaging 0.27% copper and 197 ppb gold. The mineralization, which in part may reflect near surface secondary enrichment, is associated with strong sulfide mineralization mostly disseminated and stock work veins of pyrite, silicification, local argillic alteration, anhydrite with strong presence of magnetite. The rock types are volcanic tuffs and breccias of andesitic composition part of the middle member of Los Ranchos Formation. | |
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