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Market: TSX-V
Sector: General Mining - Gold
EPIC: EVR
Latest Price: C$0.09  (12.50% Ascending)
52-week High: C$0.36
52-week Low: C$0.06
Market Cap: C$9.25M
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Everton Resources
www.evertonresources.com

A Canadian based mining exploration company currently focused on the acquisition, exploration, and development of resource properties.

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Everton Resources reports more positive drill results from Ampliacion Pueblo Viejo

15th Apr 2011, 5:22 pm by Deborah Sterescu

Everton Resources (CVE:EVR) reported Wednesday additional encouraging drill results from the La Lechoza prospect at the Ampliacion Pueblo Viejo concession in the Dominican Republic.

The mineral explorer's shares rose more than 9% this morning, to trade at $0.41 as of 9:40am EST.

Notable intersections include drill hole APV11-30, which returned 10.5 metres at 2.29 g/t gold, 65 g/t silver, 0.64% copper and 3.43% zinc, including 1.50 metres at 11.26 g/t gold, 235 g/t silver, 0.76% copper, 6.99% zinc and 1.05% lead.

"The latest La Lechoza numbers continue to prove the value of our strategy to focus our exploration and discovery operations exclusively on Ampliacion Pueblo Viejo," said president and CEO Andre Audet.

Last year, the company began divesting its Canadian gold properties in Kenora, Ontario to focus its efforts on delineating the gold, silver and copper resources in the Dominican Republic. The Ampliacion concession is located immediately next to Barrick Gold (TSE:ABX) and Goldcorp's (TSE:G) 24 million ounce Pueblo Viejo gold deposit.

"We've positioned ourselves perfectly - financially and operationally - to deliver the potential our shareholders and backers expect from us," Audet added.

The company expects the results have brought it a step closer to initiating an NI 43-101 compliant resource estimate at the property.

Everton and Brigus Gold Corp each hold a 50% interest in the Ampliacion Pueblo Viejo and Loma El Mate projects, which are both managed by Everton. Everton could earn another 20% stake in both properties by investing further.

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