5/17/2006
EVERTON AND LINEAR DISCOVER HIGH GRADE POLYMETALLIC MASSIVE SULFIDES AT THE LOMA EL MATE CONCESSION, DOMINICAN REPUBLIC
Everton Resources Inc. (TSX-V: EVR) and its partner Linear Gold Corp. (TSX: LRR) are pleased to announce that they have cut a 10.58-metre intercept, grading 2.96 gram per tonne gold, 104.91 grams per tonne silver, 2.03% copper and 9.41% zinc, and a 4.57-metre intercept in another hole, grading 1.36 grams per tonne gold, 120.0 grams per tonne silver, 0.75% copper and 8.05% zinc at the Las Tres Bocas target, on the Loma el Mate concession in central Dominican Republic. These intersections include higher-grade sections as presented in the table below.
André Audet, Chairman and CEO of Everton, says: “We are very excited about this new VMS discovery in the Dominican Republic. This confirms the huge mineral potential of this country and maybe the making of an emerging polymetallic camp.”
The 10-hole drilling program that was completed on April 28 was designed to follow-up the 3-hole program carried out in November 2005. The objective of the follow-up program was to test the continuity of a massive sulfide intercept and to test a number of Induced Polarization geophysical anomalies.
Hole TBM-07 was collared approximately 100 metres SE of hole TBM-02, where a 0.4 metres intersection of 1.3 grams per tonne gold, 106 grams per tonne silver, 2.47% copper and 1.35% zinc was cut during fall 2005 (press release of Jan. 17, 2006). Hole TBM-07 intercepted an 11 metre interval of massive pyrite-chalcopyrite-sphalerite mineralization (>75% coarse-grained sulfides). The volcanogenic massive sulfide (VMS) intercept occurs above a thick interval of strong altered and mineralized section of quartz-sericitic schist, similar to the one observed in hole TBM-02. A 5.32-metre interval of mineralized rock at the basal contact of the VMS intercept in hole TBM-07 returned poor recovery due to drilling technical difficulties and is omitted from the average grade calculations. Assays are listed in the table below:
Drill Hole |
From |
To |
Interval
(metres) |
Grams per
tonne Gold |
Grams per
tonne Silver |
Copper % |
Zinc % |
| |
|
|
|
|
|
|
|
TBM-07 |
20.20 |
30.78 |
10.58 |
2.96 |
104.91 |
2.03 |
9.41 |
incl. |
20.20 |
23.60 |
3.40 |
5.38 |
109.00 |
2.60 |
13.40 |
incl. |
25.91 |
30.78 |
4.87 |
2.59 |
148.80 |
2.51 |
10.98 |
TBM-07 |
30.78 |
36.10 |
5.32 |
Poor
recovery |
Poor
recovery |
0.18 |
5.95 |
| |
|
|
|
|
|
|
|
TBM-12 |
42.67 |
47.24 |
4.57 |
1.36 |
119.98 |
0.75 |
8.05 |
incl. |
44.80 |
46.12 |
1.32 |
3.43 |
331.00 |
2.21 |
24.60 |
or incl. |
44.80 |
47.24 |
2.44 |
2.13 |
206.70 |
1.31 |
14.44 |
The mineralization is hosted at the contact zone of mafic and siliceous metavolcanic rocks of the Maimon Formation. The mineralization appears also to be spatially related to a felsic subvolcanic intrusion.
Hole TBM-12, collared 50 metres SE of hole TBM-07, returned 4.57 metres of massive sulfides mineralization, averaging 1.36 grams per tonne gold, 119.98 grams per tonne silver, 0.75% copper and 8.05% zinc, including a high grade section of 1.32 metres at 3.43 grams per tonne gold, 331 grams per tonne silver, 2.21% copper and 24.6 % zinc. The mineralization appears to dip to the East and possible to the South, as is commonly found in this district. These polymetallic results are among the highest ever found in the Dominican Republic.
Other holes in the area intercepted anomalous values of precious and base metals and provide invaluable information of the geology and structure of the discovery area that will allow for a more effective follow-up exploration program.
Follow-up work planned for the next few weeks includes a revision of the ground geophysics data from the 2005 IP survey, a detailed mapping and surface sampling of outcrops and showings, expansion of the ground IP survey to cover the possible NW strike extension of mineralization and another phase of core drilling to further delineate the extend of the VMS mineralization. Everton and Linear are 50%-50% partners in the Loma el Mate concession.
Everton also holds 100% interest in 8 other polymetallic concessions totalling 63.4 square kilometres within the Maimon Formation. Compilation of historical work on some of the blocks indicates copper-, zinc- and gold-in-soil anomalies coincident with ground geophysical conductors which make those blocks highly prospective for polymetallic discoveries.
Samples analyses were completed by ALS Chemex Laboratory of Vancouver B.C. Samples were assayed for gold by 30g digestion Fire Assay – AA finish and other metals by ICP.
In other news, Everton extended its exclusive option to evaluate the 53-square kilometre Jobo Claro project for another period of 180 days from the effective date of March 9th, 2006, by paying US$30,000. After that period, Everton can acquire 100% interest in the project from the actual independent concession holder by paying US$180,000. The Jobo Claro concession is adjacent to the Pueblo Viejo Mine, recently taken over by Barrick and Goldcorp.
This press release was prepared under the supervision of Marc L’Heureux, P.Geo. and Vice President of Exploration of Everton who serves as the “Qualified Person” for the purpose of the National Instrument 43-101 Standards of Disclosure for Mineral Properties.
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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