Everton Continues to Expand New Mineralized Zones at Ponton, New Results from Jarabacoa Project
22 March 2013 - 2:01AM
OTC Markets
Ottawa, March 21, 2013
— Everton
Resources Inc. (“Everton”or the “Company”) (TSX-V: EVR, Frankfurt:
ERV, OTCQX:
EVRRF) is pleased to announce new results from the Ponton property
in the
Dominican Republic. Outcrop and float mineralization
uncovered in two drainages in the south-central sector of Ponton
have returned
values of 1.7 g/t gold, 5.1 g/t silver, 0.17% copper, 1.42% zinc,
and 0.16%
lead. Six other samples assay are over 0.1
g/t gold. These samples were collected
in a drainage where previous rock samples assayed over 0.5 g/t gold
(see news
release dated February 13, 2013). Everton currently owns a 50%
interest in
Ponton and will own a 100% interest upon the closing of its
previously
announced acquisition agreement with Brigus Gold Corp. (see news
release dated
October 24, 2012).
Assays for an additional
74 rock grab, float and outcrop channel samples collected along
strike with
mineralized structure containing a sulfide rich hydrothermal
breccias include gold
values of 1.13g/t and 1.73 g/t, and silver values of 8.4g/t and 7.3
g/t and
included lead and zinc values.
A soil grid has
been sampled covering the locations of interest and 143 samples are
being
rush-assayed at Acme Labs together with an additional 33 rock
samples collected
from the same areas.
Jarabacoa
Project
A
reconnaissance survey on the Jarabacoa concession (application for
a 100%
interest pending granting) was conducted during February and March
and resulted
in values of 6.78 g/t gold, 28.3 g/t silver and 1.64% copper, with
other
anomalous values in copper and molybdenum.
Two parallel zones of gossanous metavolcanics and thick quartz
veins in
contact with foliated tonalities have been mapped over an extension
of at least
4 kilometres. These results are being
followed up by additional rock sampling and a soil grid survey is
planned to
cover these mineralized zones. The
Jarabacoa concession is adjacent to and in the same geological
setting as the
“Las Animas” VMS prospect where GoldQuest Mining Corp.
(“GoldQuest”) has
published a mineral resource estimate in compliance with National
Instrument
43-101 (“NI 43-101”).
André Audet,
Chairman and Chief Executive Officer of Everton said, “We are
encouraged by the
new results at Ponton and Jarabacoa. The results to date on these
properties
show the potential for new discoveries in the mineral rich
Dominican Republic.”
In other news
On February 28,
2013 the Company entered into a Royalty Purchase Agreement with
Diagnos Inc. on
the Labrador Trough gold, nickel, copper and zinc properties.
Everton will
acquire all of Diagnos’ rights, title and interest to the royalty
on these
properties in exchange for 2,000,000 common shares and 500,000
common share
purchase options. Each option will allow the holder to purchase an
additional
common share in Everton with at a $0.10 until 5 years from the date
of grant.
The transaction is subject to regulatory approval.
Qualified Person
Hugo Dominguez,
M.Sc., C.P.G., General Manager of Everton Minera Dominicana SRL,
and a
qualified person in accordance with National Instrument 43-101, is
responsible
for supervising the exploration program and has reviewed and
approved the
technical information contained in this news release.
About Everton Resources Inc.
Everton is
actively exploring in the Dominican Republic adjacent to the Pueblo
Viejo
project, currently being mined by the world's two largest gold
mining
companies, Barrick Gold Corporation (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 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
or contact:
Andre Audet, Chairman and CEO
andre@evertonresources.com
Tel: 613-241-2332
Fax: 613-834-8166
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.
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