OTTAWA, ONTARIO -- (Marketwire) -- 02/13/13 -- Everton Resources Inc. ("Everton" or the "Company") (TSX VENTURE: EVR)(FRANKFURT: ERV)(OTCQX: EVRRF) is pleased to announce the discovery of a new mineralized zone on the Ponton property. Surface reconnaissance conducted as part of a follow up of a stream sediments survey, has uncovered mineralization as outcrop and float in two drainages situated in the south-central sector of Ponton. Everton currently owns a 50% interest in Ponton and will own a 100% interest upon the closing of its acquisition agreement with Brigus Gold Corp. (see news release dated October 24, 2012).
The mineralization is found as a train of mineralized and hydrothermally altered float and outcrops including fresh sulfides (pyrite - chalcopyrite - galena), copper oxide (malachite), strong silicification, quartz veining, sulfides-cemented hydrothermal breccia and bedded jasperoid.
Assays of 11 grab rock samples collected include values of 1.7 g/t gold, 5.1 g/t silver, 0.17% copper, 1.42% zinc, and 0.16% lead and six other samples assay over 0.1 g/t gold. These samples were collected in a drainage where previous rock samples assayed over 0.5 g/t gold.
Subsequent sampling has yielded additional mineralization over a distance of 2.5 kilometres, and 63 samples collected are currently in the laboratory for assaying. These locations are 5 kilometres South of the sector Loma Majagual where Everton has conducted extensive surface sampling and trenching resulting in values of 0.6% copper and 1.15 g/t gold, and 3 kilometres South-East of the sector Loma Copey where a gold assay of 4 g/t in a rock grab sample was obtained.
Further mapping and sampling is currently underway to better define the extension and structural control of the mineralization and to orient a systematic soil sampling and trenching program.
Andre Audet, Chairman and Chief Executive Officer of Everton said, "Based on these new discoveries, the Company plans to fast track exploration in preparation for an Induced Polarization ("IP") survey, followed by a drill program."
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.
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.
Everton Resources Inc.
Chairman and CEO
Most Popular Stories
- National Retail Federation Reduces Sales Forecast
- Sporty Ford Fiesta Fires on All 3 Cylinders
- Pandora Tumbles in Late Trading
- Citigroup Unit Paying $5 Million to Settle SEC Charges
- Execs Help Entrepreneurs, Get Chevy Volts
- Amazon Hiring on Calif.'s Central Coast
- Small Firms Take Out the Trash in Jersey
- Obama Seeks Help From Central American Leaders
- CalPERS Still Profiting From Tainted Investments
- 'Big Bang' Writers Hit Comic-Con