For Immediate Release
July 8, 2003
Everton Resources Inc. (EVR.TSXV) (“Everton”) is pleased to announce that the summer exploration field program has commenced on the Bayaguana Group of properties, in the Dominican Republic. The 10-trench program is designed to investigate a 2.5km x 1.2km gold-in-soil anomaly on its Trinidad concession as well as test geophysical anomalies and structures coincidence with rock samples that returned anomalous gold values as reported in Everton’s press release of May 21, 2003.
A soil-sampling program was undertaken on the eastern part of the Rincon Abajo concession and in the western extension of the gold soil anomaly on Trinidad. This program is to follow up a mapping program that exhibits strong argillic and silica-altered rocks, similar to those observed on the Trinidad concession and in the Pueblo District. The significance of the alteration is the similarities to the Pueblo Viejo Gold Mine held by Placer Dome which contains 16M ounces of remaining resources in sulphide ore. (Source: Placer Dome’s website - 2003 Exploration and Project Development brochure). More mapping and rock samples will be conducted during the soil-sampling program.
Results from both the trenching and the soil-sampling program will be known by mid- August. “The geological setting of the concessions indicate potential for similar mineralization to Pueblo Viejo.” notes Dwane Brosseau, Pres. of Everton Resources Inc. “The trenching program should confirm priority targets for a drilling campaign planned for this fall.”
Marc L’Heureux, P.Geo. (Quebec), a qualified person under National Instrument 43-101, supervised and directed all work associated with the exploration program.
Everton is setting aside 600,000 incentive stock options priced at $0.20 for officers, directors, employees and consultants.
Everton Resources Inc. is a gold exploration company focused on large deposit type targets in the Dominican Republic. Everton Resources Inc.(EVR-TSXV) has an option agreement with GlobeStar Mining Corporation (GMI_TSXV) to earn in 50% of GlobeStar’s BAYAGUANA Group of Properties in The Dominican Republic with expenditures of US$1,500,000 over two years.
On Behalf of EVERTON RESOURCES INC.
President and “CEO”
Tel: (604) 662-4955
The TSX Venture Exchange neither approves nor disapproves of the information contained in this News Release.