11/01/2005
Trenching confirms 12.8m at 3.28 g/T on the Nueva Helvecia property in Uruguay. Second phase of trenching has started.
For 9:00 AM Release
November 1, 2005
Symbol: EVR.TSXV
Everton Resources Inc. (TSXV: EVR) and its partner Delcosur S.A. are pleased to announce results of channel sampling from trenching on the Nueva Helvecia property in Uruguay, South America.
Geology of the Nueva Helvecia property consists of meta-sediments and volcanics of Archean-age. Porphyritic felsic dikes and stocks of gabbro intrude these rocks. The entire package is folded, locally sheared and mineralized. Historic drilling on the porphyry in 1997 by REA Gold Corp. intercepted 10 meters grading 3.2 g/T Au at a vertical depth of 40 meters below surface.
A test trench was excavated across the surface projection of the drill intercept. Channel samples from the trench averaged 12.8 meters at 3.28 g/T Au using a one-gram cut off. This confirms the continuity of both grade and width of the gold mineralization from surface to a minimum depth of 40 meters. The true width for the intersection is approximately 11 meters. The laboratory used for the analysis was ALS Chemex, North Vancouver, Canada.
The gold mineralization as observed in both the RC cuttings and the trenching is associated with rocks characterized by pervasive sericite and ankerite alteration, millimetre-scale quartz stringers and disseminated sulfides including pyrite and arsenopyrite.
The trench is located at the southern end of northwest-southeast trending gold soil anomaly. This anomaly is currently 500 meters long, between 50 to 200 meters wide and is open in both directions on strike. The central portion of the gold anomaly is coincident with a 300-meter long arsenic soil anomaly.
A second phase trenching program has begun on the property. The objective is to laterally extend the zone of surface mineralization. Program design combined soil geochemistry and pH and mapping of limited bedrock exposures. Soil pH is being utilized to detect the presences of buried oxidizing sulfides associated with the gold mineralization through the thin, but extensive soil cover.
Everton has an option to earn 100-per-cent interest in Delcosur including its 100-per-cent owned Nueva Helvecia property in addition to another 92,000 Ha of mineral tenements held by Delcosur on the Florida Greenstone Belt of southern Uruguay.
This press release has been prepared under the supervision of Marc L’Heureux, P.Geo, vice-president exploration of Everton Resources Inc., who is acting as the qualified person for the project.
Everton is a well-financed junior company with gold and base metal properties in James Bay, Quebec, the Dominican Republic and Uruguay.
The TSX Venture Exchange neither approves nor disapproves of the information contained in this News Release. The Company’s Shares are listed on the TSX Venture Exchange and trade under the symbol “EVR”.
For more information, please contact:
André Audet Chairman & CEO
Tel: 613 241 2332
Fax: 613 241 6005
Email address:[email protected]
www.evertonresources.com
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