3
/3/2008
Everton and GlobeStar Drill New Mineralized Zone at Cuance, Dominican Republic
Everton Resources Inc. (TSX-V: EVR, Frankfurt: ERV) ("Everton") and Globestar Mining Inc. (TSX: GMI) ("Globestar") are pleased to announce the completion of a nine-hole drill program totalling 1,022 meters on the Cuance concession in the central Dominican Republic. To date, partial results have been received including 15 m @ 1.22 g/t Au, 2.84 g/t Ag, 0.35% Cu and 2.42% Zn (hole CUA-04) and 3.50 m @ 2.44 g/t Au, 8.20 g/t Ag, 1.37% Cu and 0.51% Zn (hole CUA-02). This drill program was located 2.5 kilometers south of Las Tres Bocas Target, located on the Loma el Mate concession (50% partnership with Linear Gold, LRR: TSX), where 10.58 meters of 2.96 g/t Au, 104.91 g/t Ag, 2.03% Cu and 9.41% Zn was intersected in hole TBM-07.
The drill program was designed to test several soil and rock anomalies obtained from a regional soil geochemistry and mapping program and a subsequent trenching program. The trenches returned values of 1.07 g/t gold over 22 meters in oxidized material (press release of 12/4/2007). This property is located in the same VMS district as the Cerro de Maimon deposit (12 km to the West), currently being developed by Globestar Mining Corp.
Drill intercepts of interest are:
| Hole |
Azimut |
Dip |
|
From (m) |
To
(m) |
Length (m) |
Au
(g/t) |
Ag
(g/t) |
Cu
(%) |
Zn
(%) |
| CUA-01 |
N080 |
-50 |
|
12.00 |
24.00 |
12.00 |
0.01 |
0.20 |
0.11 |
0.03 |
| |
|
|
|
29.79 |
52.40 |
22.61 |
0.06 |
0.63 |
0.13 |
0.04 |
| |
|
|
|
|
|
|
|
|
|
|
| CUA-02 |
N042 |
-60 |
|
0.60 |
26.15 |
25.55 |
0.49 |
2.80 |
0.52 |
0.12 |
| Zone I * |
|
|
Including |
0.60 |
11.62 |
11.02 |
0.99 |
3.96 |
0.48 |
0.24 |
| |
|
|
Including |
0.60 |
6.50 |
5.90 |
1.70 |
5.65 |
0.82 |
0.30 |
| |
|
|
Including |
3.00 |
6.50 |
3.50 |
2.44 |
8.20 |
1.37 |
0.51 |
| |
|
|
Including
Including |
4.20
5.80 |
6.50
6.50 |
2.30
0.70 |
2.92
3.73 |
10.34
10.20 |
2.04
4.44 |
0.77
2.47 |
| |
|
|
and |
23.00
77.00 |
26.15
125.00 |
3.15
48.00 |
l/v
0.10 |
l/v
l/v |
1.81
0.22 |
l/v
l/v |
| |
|
|
|
|
|
|
|
|
|
|
| CUA-02 |
|
|
|
29.00 |
47.00 |
18.00 |
0.10 |
0.80 |
0.26 |
0.06 |
| Zone II ** |
|
|
Including |
29.00 |
30.50 |
1.50 |
l/v |
l/v |
1.08 |
l/v |
| |
|
|
|
98.00 |
107.00 |
9.00 |
0.37 |
l/v |
l/v |
l/v |
| |
|
|
Including |
99.50 |
101.00 |
1.50 |
1.64 |
l/v |
l/v |
l/v |
| |
|
|
|
147.50 |
153.50 |
6.00 |
0.11 |
l/v |
0.20 |
l/v |
| |
|
|
|
|
|
|
|
|
|
|
| CUA-03 |
N042 |
-45 |
|
0.60 |
24.50 |
23.90 |
0.21 |
5.57 |
0.05 |
0.01 |
| |
|
|
|
26.00 |
50.00 |
24.00 |
0.16 |
6.79 |
0.57 |
0.18 |
| |
|
|
Including |
29.00 |
32.00 |
3.00 |
l/v |
l/v |
1.56 |
l/v |
| |
|
|
|
|
|
|
|
|
|
|
| CUA-04 |
N042 |
-68 |
Including |
41.00
53.00 |
56.00
56.00 |
15.00
3.00 |
1.22
l/v |
2.84
l/v |
0.35
0.67 |
2.42
l/v |
| |
|
|
|
|
|
|
|
|
|
|
| CUA-04 |
|
|
Assays pending |
76.00 |
150.00 |
|
|
|
|
|
| CUA-05 |
|
|
Assays pending |
|
|
|
|
|
|
|
| CUA-06 |
|
|
Assays pending |
|
|
|
|
|
|
|
| CUA-07 |
|
|
Assays pending |
|
|
|
|
|
|
|
| CUA-08 |
|
|
Assays pending |
|
|
|
|
|
|
|
| CUA-09 |
|
|
Assays pending |
|
|
|
|
|
|
|
* Zone I: From 0.60 to 47.00m (Zone of Oxidation & Secondary Enrichment)
** Zone II: From 47.00 to 153.00m (Zone of Primary "Stringer" type Sulfides)
l/v: low value
The drill program encountered pervasive altered sericite-epidote-chlorite schists and disseminated and stockwork-type mineralization of pyrite-chalcopyrite-covellite-sphalerite with local secondary enrichments of chalcocite-covellite with up to 4.4% Cu (Zone I in CUA-02). Alteration assemblage includes quartz-sericite-chlorite-pyrophylite. Hole CUA-02 bottomed in mineralized rocks at 153 m.
Everton and its partner Globestar are scheduled to commence shortly an induced polarization (IP) program in the northern portion of the Cuance concession, immediately north of the current drill program area and south of the Las Tres Bocas Target, located on the Loma el Mate concession (50% partnership with Linear Gold, LRR: TSX), where 10.58 meters of 2.96 g/t Au, 104.91 g/t Ag, 2.03% Cu and 9.41% Zn was intersected in hole TBM-07.
The samples were crushed and sieved at the Falcondo laboratory facilities (Xstrata Nickel) in Bonao, Dominican Republic and assayed by ALS Chemex in Vancouver, BC. Rock standards and blank samples were also included for assay.
In other news, a four drill-hole program has recently been completed at the Jobo Claro concession (100% Everton) located adjacent to the eastern border of Barrick/Goldcorp's Pueblo Viejo Mine. No significant results were obtained. The data is being compiled and processed to prepare for a follow-up exploration program at Jobo Claro.
This press release was reviewed by and all fieldwork was performed under the supervision of Marc L'Heureux, P. Geo. and VP Exploration of Everton, who acts as Everton's Qualified Person as defined 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 $2.7 billion, the Pueblo Viejo deposit, that contains 20.4 million ounces of gold, 2.6 billion pounds of zinc, 423.6 million pounds of copper and 117.3 million ounces of silver.
For more information, please contact:
This press release contains certain forward-looking statements that involve risks and uncertainties, such as statements of Everton's plans, objectives, strategies, expectations and intentions. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to Everton, or its management, are intended to identify such forward-looking statements. Many factors could cause Everton's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. The forward-looking statements included in this press release represent Everton's views as of the date of the release. While Everton anticipates that subsequent events and developments may cause its views to change, it specifically disclaims any obligation to update these forward-looking statements. All subsequent written and oral forward-looking statements attributable to Everton or persons acting on its behalf are expressly qualified in their entirety by this notice.
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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