Ottawa, Ontario – (June 7, 2017) Everton Resources Inc. (“Everton” or the “Corporation”) (TSX-V:EVR) is pleased to announce that it completed the first ever drilling in its 100% owned Arroyo Carpintero (formerly Ponton) concession, Monte Plata Province, in the Dominican Republic. This Phase I of the drill program, announced in N.R. March 3, 2017, consisted of 5 diamond core holes totaling 1,666.17 metres (table 1 summary of drill hole collar and depth data).
| Hole ID | Easting | Northing | Elevation | Az | Dip | Total Depth |
| Metres (UTM Datum NAD27) | Metres a.s.l. | metres | ||||
| AC17-01 | 407,673.00 | 2,089,621.00 | 162.00 | 60 | -60 | 431.29 |
| AC17-02 | 407,176.60 | 2,089,781.00 | 296.00 | 60 | -60 | 234.70 |
| AC17-03 | 407,384.00 | 2,089,433.00 | 234.00 | 240 | -80 | 335.71 |
| AC17-04 | 407,764.00 | 2,089,894.00 | 134.00 | 240 | -60 | 262.13 |
| AC17-05 | 407,702.00 | 2,089,405.00 | 194.00 | 60 | -60 | 402.34 |
Table 1 Summary of drill collars information.
The holes were positioned to test geophysical IP targets generated in the survey conducted in late 2016 (N.R. December 14, 2016) and surface rock and soil geochemical anomalies from previous and historic exploration efforts including trenching and hand dug pits (discussion of assays of trenches and pit). The assays of the core returned strong anomalous values up to 803 ppb (0.803 ppm or g/t) gold, 0.82% copper, 16 g/t silver and 745 ppm molybdenum.
The most salient assays include:
| Hole | From | To | Interval | Gold | Copper | Silver | Mo |
| m | m | m | g/t | % | g/t | ppm | |
| AC17-01 | 0.00 | 27.10 | 27.10 | 0.33 | 0.46 | 3.95 | 1.88 |
| Including | 0.00 | 13.72 | 13.72 | 0.57 | |||
| AC17-01 | 33.00 | 45.70 | 12.70 | 0.26 | 0.39 | 0.48 | 1.19 |
| AC17-01 | 49.00 | 52.00 | 3.00 | 0.17 | 0.63 | 0.60 | 6.10 |
| AC17-01 | 56.75 | 64.00 | 7.25 | 0.17 | 0.28 | 0.63 | 30.93 |
| AC17-01 | 101.00 | 103.00 | 2.00 | 0.27 | 0.27 | 0.50 | 6.00 |
| AC17-01 | 132.00 | 134.00 | 2.00 | 0.10 | 0.30 | 0.30 | 12.00 |
| AC17-03 | 208.00 | 210.00 | 2.00 | 0.03 | 0.29 | 2.90 | 8.30 |
| AC17-03 | 244.00 | 250.00 | 6.00 | 0.07 | 0.40 | 2.67 | 105.87 |
| AC17-03 | 264.00 | 266.00 | 2.00 | 0.03 | 0.38 | 2.40 | 5.70 |
| AC17-05 | 121.00 | 123.00 | 2.00 | 0.13 | 0.28 | 1.10 | 75.60 |
| AC17-05 | 366.00 | 368.00 | 2.00 | 0.06 | 0.32 | 1.00 | 1.20 |
The mineralization in Hole AC17-01 occurs within a broad interval of 134 metres averaging 0.27% copper and 197 ppb gold. The mineralization, which in part may reflect near surface secondary enrichment, is associated with strong sulfide mineralization mostly disseminated and stock work veins of pyrite, silicification, local argillic alteration, anhydrite with strong presence of magnetite. The rock types are volcanic tuffs and breccias of andesitic composition part of the middle member of Los Ranchos Formation. The holes were collared in order to test geophysical anomalies outlined after the recently concluded induced polarization survey and geochemical anomalies generated from past exploration surveys in the concession done by Everton. As part of these past exploration efforts Everton did trenching and a hand dug pit in the area, obtaining values of 15 m of 0.32 g/t gold including a 1 metre interval of 1.17 g/t gold in the pit and 100 metres in trench T1 at 0.15 g/t gold, 80 m @ 0.17 g/t gold in T2 and 60 m @ 0.2 g/t gold in T3. Trenches total combined length is 250 metres. T4 and T5 returned sporadic anomalous gold and copper values.
Andre Audet, Chairman and Chief Executive Officer of Everton, commented, “This is the first round in an area that has not seen drilling before and it is encouraging to have found such a robust mineralized system and strong anomalous values. The results of this program will be carefully and thoroughly assessed by Everton geologists, and the database of previous exploration campaigns will be reexamined in the light of the knowledge acquired to define valid targets for a next drill campaign in the near future”.
The surface mapping and the structures observed in the drill core suggest strong structural control of the mineralization and the presence of breccia and sulfide stock work textures right at surface and in exposures in trenches, pit and artisanal miners works are encouraging aspects to continue the investigation in this area. The anomalous high chargeability and low resistivity defined by the induced polarization survey has been only partially tested and additional targets remain to be followed up.
Qualified Person:
Hugo Dominguez, M.Sc., C.P.G. (AIPG #11424), an independent consultant and a qualified person in accordance with National Instrument 43-101, has reviewed and approved the information contained in this news release.
Logging, sampling and assaying
Holes referred to in this release were or are being drilled using HQ and NQ core sizes (respectively 7.1, 5.6, 4.8 and 3.7 cm diameter). Geotechnical measurements such as core recovery, fracturing, rock quality designations (RQD), and photographic logging are performed systematically prior to assaying. The core was logged, and then cut in half at the core logging facility on site at the Arroyo Carpintero project. Samples of half of the core was sent, transported by Everton staff, for preparation at the Bureau Veritas (BV) sample preparation (an ISO 9001 and ISO 17025 certified sample preparation facility) in the town of Maimon, Dominican Republic. Core samples are prepared by crushing the entire sample submitted to 70% passing 2 mm (10 mesh), splitting 250 g and followed by pulverizing to 85% passing 75 microns (200 mesh) (BV code PRP70-250). Prepared samples are then shipped by commercial courier to Bureau Veritas facilities in Vancouver, BC, Canada where samples are assayed for a 36-element suite (BV code AQ201, 0.2g split, 4-acid digestion, using a modified aqua regia digestion (1:1:1 HNO3:HCl:H2O) followed by ICP-ES/MS finish[1]).
Drill hole intercepts from the Arroyo Carpintero project are calculated using a data aggregation method, defined by a copper cut-off grade of 0.25% and reported with up to 2 metres of internal dilution. All reported drill core intervals are core lengths. At present the true thicknesses of the intersections cannot be stated.
Quality assurance / Quality control (QA/QC)
Bureau Veritas Laboratory is a qualified assayer that performs and makes available internal assaying controls. Duplicates, certified blanks and standards are systematically used (1 control sample every 15-20 samples). Rejects, a 100g pulp for each core sample and the remaining half-core are stored for future use and controls.
In addition, Everton uses its own internal QA/QC controls by the systematic insertion of commercial certified reference material (CRM) standards, sample duplicates and limestone blanks from a local source.
About Everton Resources Inc.
Everton is an exploration company with concessions in the Dominican Republic adjacent to the Pueblo Viejo Mine, owned 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 Hecla Mining Company which is advancing Everton’s interest in the Opinaca B project by funding 100% of all exploration work on one of the largest land packages adjacent to Goldcorp’s Eleonore gold deposit. Everton also owns two other properties: the Blue Sky Jackpot lithium property in Ontario and the Detour Lake gold property in Quebec.
For further information on Everton Resources Inc., please visit: www.evertonresources.com
Everton Resources Inc.
Andre Audet
Chairman and CEO
Tel.: 613-241-2332
Fax: 613-422-0773
[email protected]
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.
[1] http://acmelab.com/wp-content/uploads/2009/03/BVM_2017-Fee-Schedule_v2_13Jan2017.pdf.