09/11/2003
Trenching Confirms Gold Mineralization at Bayaguana Project; Welcomes New Board Member
VANCOUVER, BRITISH COLUMBIA--Everton Resources Inc. (EVR.TSXV) is pleased to announce partial results from a trenching program completed on its Bayaguana Project in the Dominican Republic. The results confirm the presence of significant gold mineralization below the Trinidad targets that were identified by rock and soil samples within an area of 2.5 by 1.2km. Most importantly the Trinidad target area exhibits similar geology and surface characteristics to the Pueblo Viejo Gold Deposit ( 16 million oz resource ) located approximately 75km to the West of Bayaguana. The target is the largest and most significant hydrothermal sulfidation system in the Dominican Republic, outside Pueblo Viejo. Everton Resources Inc. has an option agreement with GlobeStar Mining Corp. (GMI.TSXV) to earn in 50% of the Bayaguana group of properties in the Dominican Republic with expenditures of US$1,500,000 over two years.
"These results confirm our expectation for wide mineralization at depth and we plan to drill test these targets within the next month", says Marc L'Heureux, Manager of Exploration and Qualified person for Everton.
The program consisted of 10 trenches ranging in length from 58 to 145m long and 2 to 3m in depth in oxidized rock (saprolite). A total of 970 continuous samples were collected along the walls of each trench at 1m intervals just above the floor. Only 545 samples were assayed to date, which represents the sections with the most intense visual alteration. Since these results are quite positive, the remaining samples have been sent to the lab for analysis.
/T/
| Trench No. |
Length (m) |
Easting |
North |
Interval |
Grade (Au ppb) |
Pending Sample |
| From (m) |
To (m) |
Length (m) |
| 1 |
100 |
5982 |
9175 |
4 |
30 |
26 |
232 |
0 |
| 2 |
100 |
5584 |
9402 |
35 |
43 |
8 |
273 |
92 |
| 3 |
145 |
5363 |
9469 |
16
84
124 |
30
102
131 |
14
18
7 |
294
157
142 |
101 |
| 4 |
58 |
5424 |
9333 |
44 |
45 |
1 |
932 |
43 |
| 5 |
107 |
5765 |
9194 |
1
63 |
32
96 |
31
33 |
148
216 |
0 |
| 6 |
62 |
5921 |
8894 |
|
|
|
|
45 |
| 7 |
107 |
6319 |
9731 |
13
51 |
31
64 |
18
13 |
193
193 |
62 |
| 8 |
139 |
6805 |
9372 |
26
34 |
45
37 |
19
3 |
301
247 |
89 |
| 9 |
59 |
7015 |
9091 |
48 |
55 |
7 |
262 |
41 |
| 10 |
93 |
6135 |
8821 |
|
|
|
|
72 |
/T/
Note: samples were prepared at the Falcondo Laboratory, in the Dominican Republic and shipped to ALS Chemex in Vancouver, B.C. for analyzing using 30 g fire assay method with AA finish.
Everton Resources Inc. is pleased to announce the election of Mr. Don Halliday to its board of directors. Mr. Halliday joined Nevsun in August of 1995 as Manager, Investor Relations. Prior to joining Nevsun, he spent six years as Manager, Investor Relations for Bema Gold and is currently a Director and V.P. with Sunridge Gold Corp. He is responsible for communication with all shareholders, brokers, analysts, portfolio managers and the media and financing. His track record of success will add tremendous insight to the management and media relations of Everton.
Everton is setting aside 400,000 incentive stock options priced at $0.25 for officers, directors, employees and consultants.
Everton is an exploration company focused on gold projects in the Dominican Republic.
The Company's Shares are listed on the TSX Venture Exchange and trade under the symbol "EVR".
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Everton Resources Inc.
Dwane Brosseau
President
(604) 662-4955
(604) 662-4988 (FAX)
Email: [email protected]
Website: www.evertonresources.com
The TSX Venture Exchange neither approves nor disapproves of the information contained in this News Release.
INDUSTRY: MNG
SUBJECT: MEX
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