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Everton Continues to Expand New Mineralized Zones at Ponton, New Results from Jarabacoa Project
Thursday, March 21, 2013
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 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
[email protected]
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.
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 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
[email protected]
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.
