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EVR Everton Resources Inc

0.025
0.00 (0.00%)
29 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Everton Resources Inc TSXV:EVR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.025 0.095 0.095 0 00:00:00

Everton Resources Inc.: Hecla Mining Renews Its Option on the Opinaca A & B and Wildcat Gold Properties, James Bay Region, Qu...

07/11/2013 1:00pm

Marketwired Canada


THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
DISSEMINATION IN THE UNITED STATES.


Everton Resources Inc. ("Everton" or the "Company") (TSX
VENTURE:EVR)(FRANKFURT:ERV)(OTCQX:EVRRF) is pleased to report that Hecla Quebec
Inc. ("Hecla"), a wholly owned subsidiary of Hecla Mining Company, has announced
its intent to renew for a third year its option on the Opinaca A & B and Wildcat
(1 to 7) gold properties located in the Eleonore mining camp, James Bay region,
Quebec. 


Hecla has the option to earn up to 60% interest in the Opinaca properties from
Everton and Azimut Exploration Inc., each company currently owning a 50%
interest in the properties. Helca has the option to earn up to a 65% interest in
the Wildcat properties from Everton. Everton has a 100% undivided interest in
the Wildcat properties.


According to the original agreement (see press release of September 16, 2010),
Aurizon Mines (now Hecla) was required to perform $6,000,000 of work
expenditures on Opinaca including 5,000 metres of diamond drilling over four
years to earn an initial 50% interest and was required to perform $3,250,000 of
expenditures on Wildcat. While the terms to earn the initial 50% interest on
both the Opinaca and Wildcat properties remain the same, the work schedule has
been extended by two years. So far, approximately $3,200,000 has been spent on
Opinaca and $ 1,800,000 on Wildcat. 


The Opinaca A & B and Wildcat (1 to 7) properties are in close proximity to
Goldcorp's Eleonore major deposit where gold reserves and resources are
estimated as follows: probable reserves of 12.48 Mt at 7.56 g/t Au (3.03 Moz of
gold), measured and indicated resources of 1.36 Mt at 10.95 g/t Au (0.48 Moz of
gold), and inferred resources of 12.25 Mt at 10.60 g/t Au (4.17 Moz of gold) (as
of December 31, 2012, Goldcorp website). Production at Eleonore is scheduled to
begin in 2014 with an estimated average of 600,000 ounces of gold per year.


Andre Audet, Chairman and Chief Executive Officer of the Company said, "Everton
is pleased that Hecla is moving the project forward, continuing with its earn in
option for a 3rd year and planning an exploration program in 2014."


About Everton Resources Inc. 

Everton is actively exploring in the Dominican Republic adjacent to the Pueblo
Viejo Mine, owned by the world's two largest gold mining companies, Barrick Gold
Company (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 (formerly 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 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Everton Resources Inc.
Andre Audet
Chairman and CEO
613-241-2332
613-424-5682 (FAX)
andre@evertonresources.com
www.evertonresources.com

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