Everton Resources Inc. ("Everton" or the "Company") 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.
André 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."
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.
Source: http://www.evertonresources.com/