Everton Supported Study from University of Barcelona Confirms Epithermal and
VMS Gold Potential for APV Concession in the Dominican
OTTAWA, ONTARIO -- (Marketwire) -- 01/31/13 -- Everton Resources Inc.
("Everton") (TSX VENTURE:EVR)(FRANKFURT:ERV)(OTCQX:EVRRF) is pleased
to announce the results of a study from the University of Barcelona
confirming the volcanogenic massive sulphide ("VMS") and
VMS-epithermal hybrid gold potential for the Ampliacion Pueblo Viejo
II ("APV") concession in the Dominican Republic.
The study, partially funded by Everton Resources as part of a Masters
degree thesis, concluded that the APV concession has the potential
for both gold-rich VMS and epithermal-VMS deposits adjacent to
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 yearend December 31, 2011) which commenced gold
production on August 14, 2012.
The report, written by research student Lisard Toro i Abat and thesis
advisor Dr. Joaquin Proenza, states that:
"From the ore metals grades study, a direct correlation of higher
grades with advanced argillic alteration zones is evident. Highest Cu
and Au values always correlate with zones of intermediate temperature
advanced argillic alteration (with pyrophyllite). This observation
makes an epithermal genetic model very suitable to explain the
distribution of ore metals in APV-S concession and would be in
agreement with latter accepted genetic models for Pueblo Viejo".
The report continues on:
"(We) propose a VMS-epithermal genetic model for Pueblo Viejo area
(including surrounding concessions) that formed in a shallow
subaqueous setting. Other names given to this typology would include
high sulphidation VMS. This mineralization style is understood to
form as shallow submarine hot spring deposits. They resemble to
deep-sea metalliferous deposits but also have distinctive epithermal
characteristics similar to gold deposits on the adjacent volcanic
islands such as those described in the harbor at Lihir (Hannington: h
iles/1996-1/Pages/shallow.aspx).Similar mineral deposits would include Eskay
Creek mine (Taylor et
The report included the analytical work of more than one hundred
samples collected mainly from diamond drill core from the different
campaigns on the APV concession. Analytical work included whole rock
and trace elements geochemistry, stable sulfur isotope analysis,
polished and thin section analysis and SEM and XRD scanning. Whole
rock and trace elements analytical work was done at Acme
Laboratories, Vancouver, B.C., sulfur isotope by mass spectrometry,
scanning electron microscope (SEM) and X-Ray diffraction (XRD) was
done at Serveis Cientifico-Tecnic de la Universitat de Barcelona.
Thin sections were prepared (50) by the Servei de Lamina Prima de la
Universitat de Barcelona, (20) by the Mikenia Laboratory, Poland, and
(30) in Leoben, Austria.
Andre Audet, Chairman and Chief Executive Officer of Everton said,
"We are encouraged by the findings in the study and the fact that
they are based on drill results done on approximately 20% of the
property. This reinforces the potential for VMS and Pueblo Viejo
style epithermal gold discoveries on APV. Everton is excited to
continue exploration on APV in 2013."
About Everton Resources Inc.
Everton is actively exploring in the Dominican Republic adjacent to
the Pueblo Viejo project, currently being mined 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 Aurizon Mines Ltd. which 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
For further information on Everton Resources Inc. please visit
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