Everton Resources has announced its second drill rig’s arrival to begin the 20,000 m deep-drilling program at the Ampliación Pueblo Viejo (APV) project in the Dominican Republic’s central region. The company will use this new drill rig to drill for gold and copper targets below the silica lithocap at the APV Project.
Andre Audet, CEO and Chairman of the company, has stated that Everton has targeted the porphyritic intrusion that is connected with Pueblo Viejo, which is one of the main gold deposits in the Western Hemisphere and supported by geological hypothesis.
Everton is drilling through the silica lithocap and is planning to examine the theory, below which there is a shallow level of porphyritic intrusion that may be connected with a porphyry style copper-gold mineralization as recorded earlier in analogous geological conditions.
The company began drilling in March 2011. It started the 600 m drilling program to explore the mineralized formations from the Arroyo Hondo and Monte Negro pits of the Pueblo Viejo complex.
This program is expected to drill a range of depth between 800 and 1,200 m, totaling 8 to 12 holes. The new rig, Maxidrill 18, will drill up to 1,500 m and will drill deeper holes that are expected to be intersected by a wide silica lithocap, which expands for about 20 km2 north and west of the APV Project. Everton has outlined several geophysical and geochemical anomalies at the depth and at the surface, which are to be examined.
Source: http://www.evertonresources.com/