5/15/2006
EVERTON SECURES ITS GOLD AND COPPER GROUP OF CONCESSIONS IN THE EASTERN DOMINICAN REPUBLIC
Everton Resources Inc. (TSX-V: EVR) is pleased to announce that it has executed
an agreement with GlobeStar Mining Corp. to acquire 100% interest in La Mireya
gold concession covering 118.5 square kilometers within the eastern cordillera
of the Dominican Republic. The La Mireya gold concession is continuous to the
335-square kilometer block of four gold-copper concessions already controlled by
Everton in this area.
The La Mireya gold concession is covered by rocks of similar age and origin to
those of the Los Ranchos Formation that host the Pueblo Viejo gold-silver
deposit, controlled by Barrick and Goldcorp, located 90 km to the west. Several
copper-gold porphyry-type occurrences and alluvial placer gold mineralization
have been identified in the past in this sector. A regional stream sediment
survey conducted by the European Union SYSMIN program yielded anomalous gold
values of up to 1.44 g/t gold and six other values of over 200 ppb gold on this
concession.
Andre Audet, Everton’s Chairman and CEO, stated: ‘‘The acquisition of the La
Mireya gold concession strengthens Everton’s landholdings in the eastern
Dominican Republic and allows the Company to continue focusing its exploration
efforts on identifying large gold-copper prospects.’’
A first phase of exploration work consisting of higher density stream sediment
and soil sampling over the anomalous areas is planned to start this summer.
Under the terms of the agreement with GlobeStar, Everton will exchange its 50%
joint venture interest in the Corozal and Cercadillo nickel laterite concessions
in return for GlobeStar’s La Mireya gold concession in the eastern part of the
country. Everton will retain a 1% NSR on Corozal and Cercadillo while GlobeStar
will retain a 2% NSR on La Mireya. GlobeStar and Everton will also have the
right to purchase half of the other’s NSR at any time for US$500,000. The
Parties expect the transaction to close prior to June 30, 2006.
This press release was prepared by Marc L’Heureux, P.Geo. and Vice President of
Exploration for Everton, who acts as the “Qualified Person” (NI 43-101) for the
Company.
Everton is a well-financed junior company that is actively exploring for gold
and base metals in the Dominican Republic and the James Bay region of Quebec, in
Canada.
The TSX Venture Exchange neither approves nor disapproves of the information contained
in this News Release. The Company's Shares are listed on the TSX Venture Exchange and trade
under the symbol "EVR".
For more information, please contact:
André Audet Chairman & CEO
Tel: 613 241 2332
Fax: 613 241 6005
Email address: [email protected]
www.evertonresources.com
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