EVR: Strong Buy on Drill Speculation

Struthers Resource Stock Report (04/26/2011)
"About two weeks ago, Everton Resources provided results from the La Lechoza prospect at the Ampliacion Pueblo Viejo concession immediately adjacent to Barrick/Goldcorp's Pueblo Viejo gold deposit in the Dominican Republic; highlights include APV11-30: 10.50m at 2.29 g/t Au, 65 g/t Ag, 0.64% Cu and 3.43% Zn, including 1.50m at 11.26 g/t Au, 235 g/t Ag, 0.76% Cu, 6.99% Zn and 1.05% Pb.

The stock hit a new three-year high of $0.44 since this drill program began last year, but the real excitement is still ahead of it. While I like the results at its La Lechoza prospect and have little doubt the company will prove a deposit there, Everton's deep-drilling program designed to test the theory of deep mineralization covered by a barren silica lithocap along strike to Barrick's 24 Moz. Pueblo Viejo gold deposit could be the real deal. . .we should see the first results anytime over the next several weeks. If you own the stock continue to hold, if not—it's a good buy on the recent pullback and drilling speculation ahead."

For more independent commentary, click here: Everton Resources EVR:TSX.V; ERV:FSE; EVRRF:OTCQX

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