03/21/2007
Everton Extends Surface Soil Anomalies to over 1.5 km on the Cuance
Concession in the Dominican Republic
Everton Resources Inc. "Everton" (TSX-V: EVR) and
joint venture partner Globestar Mining (TSX: GMI) are pleased
to announce that the soil geochemical survey currently underway on the Cuance
concession, located in the central part of the Dominican Republic, has extended
the zone of enriched multi-element soil anomalies by over 1.5 km SE of the Las
Tres Bocas target located on the adjacent Loma El Mate concession (JV with Linear
Gold). The new multi-element soil anomalies include: gold, copper, zinc, lead,
and pathfinders cadmium, arsenic and barium, and are equally as strong as the
soil anomalies that resulted in a high-grade drill intercept of 11.58
meters of 2.74 g/t Au, 96.73 g/t Ag, 1.87% Cu and 8.62% Zn
at the Las Tres Bocas target (press release dated May 17, 2006). These soil
anomalies are also on trend with the soil anomalies identified on the adjacent
Los Hojanchos concession (JV with Globestar).
This survey is a continuation of exploration efforts that commenced in the
summer of 2005 and to-date, 1332 soil samples have been collected on the Cuance
concession, including 661 samples taken since September 2006. Exposures of mineralised
quartz-sericitic schists which are similar to the Maimon Formation around the
Las Tres Bocas area have been identified, mapped and sampled.
In addition, the comprehensive large-scale deep penetrating airborne magnetic
and electromagnetic survey, announced on November 23, 2006, has been completed
on the Cuance, Los Hojanchos and Loma El Mate concessions, in the central part
of the Dominican Republic. A follow-up program will consist of additional definition
soil and rock sampling that will be processed in conjunction with the airborne
geophysical data, to identify targets for drilling in the summer 2007.
In other news, Everton has decided to increase the number
of shares reserved for issuance under its stock option plan, subject to regulatory
approval, from 4,500,000 options to 5,680,698 options, representing 10% of the
outstanding shares.
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 is well funded and actively exploring in the Opinaca
region of James Bay, Quebec where Everton 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
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 18 million ounce Pueblo
Viejo gold deposit, one of the world’s largest undeveloped gold deposits,
at an estimated cost of $2.3 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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