10/18/2007
EVERTON OUTLINES NUMEROUS EM CONDUCTORS IN THE DOMINICAN REPUBLIC –
DRILLING TO COMMENCE SHORTLY AT JOBO CLARO
Everton Resources Inc. (TSX-V: EVR, Frankfurt: ERV) (“Everton” or the “Company”) is pleased to announce it has received positive interpretation results from the comprehensive helicopter-borne electromagnetic and magnetic surveys flown over the company’s 100%-owned Jobo Claro and Maimon Group of concessions located in the central part of the Dominican Republic. For the location of these properties, please visit www.evertonresources.com. PGW Ltd. of Toronto, Canada was contracted to conduct an in-depth analysis and interpretation of the airborne electromagnetic and magnetic surveys. The surveys were flown between February and April in partnership with GlobeStar Mining Corp. covering 4,500 line-kilometers on the concessions adjacent to Barrick/Goldcorp’s Pueblo Viejo gold mine and Globestar’s Cerro de Maimon polymetallic deposits. The Company’s 100%-owned concessions account for 1,455 line-kilometers, or approximately one-third, of the survey.
Jobo Claro
Everton is pleased to announce it has acquired a 100% interest in the Jobo Claro concession adjacent to the eastern edge of Barrick/Goldcorp’s Pueblo Viejo mine for a total purchase price of US$260,000 and no other future payments or royalties. On this concession, two major conductive zones were outlined in the south-western portion, one being associated with altered Cretaceous sediments and the other zone correlates with a major structural trend. These targets will be investigated by field follow-up including ground geophysics over the course of the next three weeks, in preparation for the core drilling program planned for November.
Maimon Group of concessions
On the Maimon Group of concessions (El Liano, La Yautia, Caballero, La Sidra, Loma Blanca, Los Naranjos, Miranda and Tocoa), several clusters of strong polymetallic-type targets are present on El Liano, La Yautia, Miranda, Los Naranjos and La Sidra concessions. The conductors on El Liano and La Yautia show a strong correlation with gold, copper and zinc-in-soil anomalies in conjunction with altered and gossan zones. On the Miranda concession, conductors coincide where gossan exposures were mapped on the field. These targets will be drilled tested after the drill program is complete on the Jobo Claro concession.
Everton expects to receive shortly the final results and interpretation of the airborne surveys flown over the concessions the company has under option from other companies that include, Ampliacion, Loma Hueca, Los Hojanchos, Loma el mate and Cuance, all of which are located in the central Dominican Republic.
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 Goldcorp’s (NYSE: GG, TSX: G) Eleonore gold deposit where Goldcorp recently announced an initial gold resource of 2.8 million ounces. 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, at an estimated cost of $2.3 billion, the Pueblo Viejo deposit, that contains 18.1 million ounces of gold, 2.6 billion pounds of zinc, 358 million pounds of copper and 88 million ounces of silver.
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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