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  • Everton Resources starts deep drilling program at Ampliacion Pueblo Viejo 0 comments
    Jun 10, 2011 2:17 PM | about stocks: EVR

    Everton Resources (CVE:EVR) said Thursday that its second dill rig has arrived to begin work on the 20,000 metre deep drilling program at its Ampliacion Pueblo Viejo project in the Dominican Republic.

    The new rig will be used to drill for gold and copper targets beneath the "silica lithocap" at the property, which is located just west of Barrick and Goldcorp's $3 billion Pueblo Viejo gold deposit.

    The program is expected to drill between eight to 12 holes, ranging in depth between 800 and 1,200 metres.

    "Our target is the porphyritic intrusion that we believe, backed by geological theory, is associated with Pueblo Viejo, one of the largest gold deposits in the Western Hemisphere," stated chairman and CEO Andre Audet.

    The idea is that underneath the lithocap, there is a shallow intrusion that could be assoicated with porphyry-style copper-gold mineralization as seen in other similar surroundings.

    The current drill program at the site began in March, when the first 600-metre capable drill began activities to explore possible extensions of mineralization from the Monte Negro and Arroyo Hondo pits of the Pueblo Viejo complex.

    The company holds a 50% interest in the Ampliacion Pueblo Viejo project, as well as stakes in other properties in Ontario and Quebec, Canada.

    Themes: TSX-V Stocks: EVR
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