Everton Resources Inc.
TSX VENTURE : EVR
FRANKFURT : ERV

Everton Resources Inc.

October 06, 2010 08:30 ET

Everton and Brigus Commence 16,000 Meter Diamond Drilling Program at Ampliacion Pueblo Viejo: New "Manuel North" Gold Prospect Identified

OTTAWA, ONTARIO--(Marketwire - Oct. 6, 2010) - Everton Resources Inc., ("Everton") (TSX VENTURE:EVR) (FRANKFURT:ERV) and its partner Brigus Gold Corp. ("Brigus Gold") (TSX and NYSE Amex: BRD) are pleased to announce the start of a core drilling program on the Ampliacion Pueblo Viejo property, located adjacent to the Pueblo Viejo gold deposit, in Central Dominican Republic. At the same time, Everton is pleased to announce the discovery of the new Manuel North gold prospect also on the Ampliacion Pueblo Viejo property. 

Commenting on these developments, Everton's President and CEO, Andre Audet, said: "With the sale of our Shoal Lake property in Ontario and partnering with Aurizon Mines on our Opinaca and Wildcat properties in the James Bay region, we can now focus on corporate growth in the Dominican Republic. We are very pleased to start our drilling program as well as investigate the new Manuel North prospect. Our efforts will now accelerate as we move toward becoming a major player in the mining sector in the Dominican Republic."

Diamond Drilling Program

This first phase of the program will consist of approximately 6,000 meters in 20 to 25 holes ranging in depth between 100 and 400 meters. Phase One is designed to follow-up on targets identified during drilling in 2009 and earlier in 2010, as well as from surface exploration conducted on the Arroyo Hondo, Pinnacle Hill, Colorado, and La Lechoza prospects, where hole APV 09‐24 cut 583 g/t silver, 0.4 g/t gold and 0.2% copper across 17 meters, and Trench LT‐11, cut across the gossan at North Hill, returning values of 6.6 g/t gold and 19 g/t silver across 22 meters.

A second phase of the program, consisting of deep drilling, is slated to commence at the end of October or as soon as the adequate equipment is ready. This program will include 10,000 meters in 8 to 12 holes between 800 and 1200 meters. The purpose of Phase Two is to test the deep portions of the mineralization system inferred to occur beneath a barren silica lithocap covering the area in the southwestern sector of the Ampliacion Pueblo Viejo concession.

A systematic PIMA mineralogical study conducted during the summer over the lithocap has defined hydrothermal alteration patterns associated with high-sulphidation epithermal mineralization. This will assist in vectoring follow-up exploration drilling efforts.

New "Manuel North" Prospect

The new "Manuel North" prospect was recently discovered in the central sector of the Ampliacion Pueblo Viejo property, 3 km north of the Montenegro pit, part of Barrick and Goldcorp's Pueblo Viejo gold project. This new discovery is the result of field follow up work where rock sampling of floats and sub-outcrops in a heavily vegetated area over at least 100 x 100 meters yielded results up to 8.8 g/t gold and 19 g/t silver. Seven out of the 43 rock samples collected to date returned grades over 1 g/t gold. Anomalous copper, lead and zinc values are present as well. The Prospect occurs in a fragmental unit of the Los Ranchos Formation and in close proximity to dioritic intrusive rocks. Further sampling and trenching will be conducted soon to define the orientation and extensions of the Prospect prior to drill testing in the near future.

This press release was reviewed by, and all fieldwork was performed under the supervision of, Marc L'Heureux, P. Geo. and VP Exploration of Everton, who acts as Everton's Qualified Person as defined by NI 43-101.

Everton

Everton is partnered with Brigus Gold on actively exploring in the Dominican Republic adjacent to the US$2.7 billion Pueblo Viejo project, currently being developed by the world's largest gold mining company, Barrick Gold Corporation (60%) (NYSE/TSX: ABX) in partnership with Goldcorp (40%) ("Goldcorp") (NYSE: GG, TSX: G). Planned divestiture of its 100%-owned subsidiary Hays Lake Gold containing the Shoal Lake Gold Project in Kenora, Ontario is expected to provide internal funding to advance the Ampliacion Pueblo Viejo project. Everton also holds an interest in the Opinaca region of James Bay, Quebec where the Company has partnered with Aurizon Mines Ltd. who 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.

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 from 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.

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