01/17/2007
Everton Announces Winter 2007 Exploration Program
& New Claim Concessions - Opinaca Gold Discovery Region, James Bay, Quebec
Everton Resources (TSX-V: EVR) and joint venture partner Azimut
Exploration (TSX-V: AZM) are pleased to present the winter 2007 exploration
program for Opinaca Blocks “A”
and “B” and to announce the granting of new claims
on Opinaca A (optioned from Azimut). Everton Resources
is also pleased to announce the winter 2007 exploration program on its 100%-owned
Wildcat 5 property and the addition of a new 100%-owned property
named Wildcat 8. All properties are located in the vicinity
of the Eleonore gold discovery purchased by Goldcorp in the
Opinaca region of James Bay, Quebec.
The winter program will consist of a 2000-meter drill campaign and three comprehensive
magnetic and induced polarization (IP) ground geophysics programs totaling 226
line-kilometers. The majority of this program will focus on the Claude-Manuel
Corridor. For the location of the Claude-Manuel Corridor,
please visit the properties section on Everton’s web-site,
please click
here.
Claude Target (Opinaca B)
During the 2007 winter exploration program, Everton will commence
a 2000-meter drill campaign at the Claude Target on Opinaca
B (Azimut option), where very anomalous gold values closely associated
with arsenopyrite content and silica alteration were obtained last fall in the
initial drill-test hole OP-06-07. The whole drill section graded 221 ppb Au
over 186.8 meters, including 1.4 g/t Au over
12 meters (press release of November 9, 2006). The drill program
is planned to begin after freeze-up in mid-February and will aim to identify
the core of the mineralizing system.
Claude - Manuel Corridor (Opinaca B - Wildcat 5)
The 10-kilometer long gold-bearing strike along the northeast trending deformation
corridor between the Claude Target on Opinaca B
and the Manuel Showings (12.01 g/t Au over
4.6 meters) on Everton’s 100%-owned
Wildcat 5 property will be entirely covered with magnetic and
induced polarization (IP) ground geophysics. This deformation zone coincides
with lake-bottom sediment gold and arsenic anomalies lined up over its strike.
A total of 80 line-kilometers will be conducted on Opinaca B
and 66 line-kilometers on Wildcat 5. The line cutting and survey
will begin during the week of January 22, 2007.
Smiley Target (Opinaca A)
At the Smiley Target located on Opinaca A
(Azimut option), an 80 line-kilometer magnetic and IP survey will be conducted
to follow-up on several trends of gold-in-soil anomalies located 5 km north
of the Eleonore gold discovery. The soil anomaly is supported by the presence
of gold values of 2.41 g/t Au, 0.77 g/t Au and 0.18
g/t Au in three different till samples collected down-ice of the soil
anomaly. The geophysical survey will start during the week of January 22, 2007
and the anomalies will be drill-tested this summer.
New Claims (Wildcat 8)
Everton Resources has increased its 100%-owned land position
and now holds 397 km2 of land comprised of 760 claim concessions,
in the Opinaca region of James Bay, Quebec. Included in this total are 181 new
claims recently granted adjacent to Wildcat 5 (158 claims)
and Wildcat 7 (23 claims). The new claims adjacent to Wildcat
5 are designated as a new property called Wildcat 8,
which is 100%-owned by Everton Resources, and are located east
of Wildcat 5 where the Manuel Showings were
discovered.
New Claims (Opinaca A)
In addition, land optioned from Azimut Exploration adjacent
to Opinaca A has increased by 67 claims. The total land position
under option from Azimut Exploration (Opinaca A & B) is
now 356 km2 consisting of 683 claim concessions. For the location of these new
claims, please visit the properties section on Everton’s
web-site, please click
here.
Work on other Properties
The above winter exploration program only covers approximately 3.6 % of the
claim area. An aggressive 2007 summer exploration program is currently being
designed to accelerate exploration work on other highly prospective areas in
the Opinaca region of James Bay, Quebec.
This press release was prepared under the supervision of Marc L’Heureux,
P.Geo., Everton’s Vice-President of Exploration, who
acts as the ‘Qualified Person” as described by NI 43-101.
Everton Resources is actively exploring in the Opinaca region
of James Bay, Quebec where Everton Resources has amassed one
of the largest land claims adjacent to the Eleonore gold discovery, and where
Goldcorp Inc. (NYSE:GG, TSX:G) is proposing to spend several
hundreds of millions of dollars developing its recent property acquisition.
Everton Resources is also actively exploring in the Dominican
Republic adjacent to where the world’s largest gold mining company, Barrick
Gold (NYSE/TSX:ABX), is partnering with Goldcorp to
develop the 15 million ounce Pueblo Viejo gold deposit, one of the world’s
largest undeveloped gold deposits, at an estimated cost of $1.4 billion.
For more information, please contact:
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”
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