OTTAWA, ONTARIO–(Marketwired – Nov. 25, 2015) –
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES EWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Everton Resources Inc. (“Everton” or the “Company“) (TSX VENTURE:EVR)(FRANKFURT:ERV) is pleased to report that Hecla Quebec Inc. (“Hecla”), a wholly owned subsidiary of Hecla Mining Company, has renewed its option to earn up to 60% interest on the Opinaca B Property in the immediate vicinity of Goldcorp’s Éléonore gold mine in the James Bay region.
On the Opinaca B Property, Hecla has the option to earn up to a 60% interest from Azimut and Everton, each company currently owning a 50% interest. A $60,000 option payment from Hecla was recently received by Azimut.
During the spring and summer of 2015, Hecla conducted a $394,000 exploration program comprising:
- A 40.5-km ground magnetic survey and a 21.8-km induced polarization (“IP”) survey;
- A prospecting program, including the sampling of 473 grab (rock) or float samples and 96 soil samples; and
- A trenching program, including the collection of 153 channel samples from six sites.
Results outlined a 150- to 200-m-wide package of IP anomalies in the D8 prospect area carrying anomalous gold values (up to 0.11 g/t Au). The best prospecting result was 3.0 g/t Au from a boulder of chloritized wacke with quartz-feldspar-tourmaline veinlets.
Recently 42 new claims (22 km2) have been added to the Opinaca B property. These new claims provide better control on the possible extensions of already defined prospective targets.
A drilling program is currently proposed for 2016 to test several high priority targets on the property
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 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 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.
Chairman and CEO