Everton Starts 6,000-Metre Drill Program in the Dominican Republic
Ottawa, Ontario - July 3, 2008 - Everton Resources Inc. (TSX-V: EVR, Frankfurt: ERV) ("Everton" or the "Company") is pleased to announce the start of a 6000-metre diamond drill program in the Dominican Republic. This 40 to 50 hole drill program will test multiple gold and polymetallic targets on the El Llano, La Yautia, Fresso and Ampliacion Pueblo Viejo properties.
"This is the Company's most aggressive drill program yet in the Dominican Republic," stated Everton's President & CEO, Andre Audet. "After extensive exploration work, we have generated multiple ready-to-drill targets for gold and base metals that will be tested over the next two to three months."
El Llano & La Yautia
The first phase of the drill program will consist of 10 diamond drill holes totalling 2,000 metres on Everton's 100%-owned El Llano and La Yautia polymetallic concessions. This phase of the drill program is designed to test polymetallic copper-zinc-gold-silver volcanogenic massive sulphide ("VMS") targets which were identified by the 2007 helicopter-borne magnetic and electromagnetic surveys, the recent 32-km ground induced polarization ("IP") survey and the soil geochemical anomalies. The El Llano and La Yautia concessions, covering 1,512 hectares, are located in an area underlain mostly by mafic metavolcanics of the Maimon Formation, host of GlobeStar Mining Inc.'s ("GlobeStar") Cerro de Maimon VMS deposit (currently under development), located approximately 12 km to the southeast along strike.
The second phase of the drill program will consist of 5 to 10 diamond drill holes of depths ranging between 75m and 150m, totaling 1,000 metres on the newly optioned Fresso polymetallic exploration concession (Everton has the option to acquire a 100% interest - see news release dated June 12, 2008), located in the north-western part of the Dominican Republic, on the Haiti border. Following the completion of the drill campaign, Everton will conduct a thorough surface evaluation of the property including geological mapping and geochemical sampling.
The 6,650 hectare Fresso concession has an extensive zone of disseminated sulphide mineralization occurring within the siliceous bedded chert. The area is underlain mostly by mafic metavolcanics and cherts of the Duarte Formation (Lower Cretaceous), in contact with intrusive tonalites.
Ampliacion Pueblo Viejo
The final phase of the drill program will consist of 3,000 metres on the 4,045 hectare Ampliacion Pueblo Viejo concession (option to acquire up to 65% from Linear Gold Corp.) located adjacent to Barrick/Goldcorp's Pueblo Viejo deposit, in central Dominican Republic. Details of this drill phase will be outlined in mid summer.
Investors are invited to visit the new Everton Resources website at the following address: www.evertonresources.com. It is a valuable source of relevant information concerning the Company and its projects. Interested parties may also wish to join the mailing list to receive press releases and other company information.
This press release was prepared under the supervision of Marc L'Heureux, P. Geo. and VP Exploration of Everton, who acts as Everton's Qualified Person as defined by National Instrument 43-101.
Everton is well funded and actively exploring in the Opinaca region of James Bay, Quebec where the Company has amassed one of the largest land claims adjacent to
Goldcorp Inc.'s ("Goldcorp") (NYSE: GG, TSX: G) Eleonore gold deposit which currently hosts an estimated mineral resource of 3.68 million ounces of gold (December 31, 2007 at $650/oz. Au). Everton is also actively exploring in the Dominican Republic adjacent to the US$2.7 billion Pueblo Viejo project, currently being developed by the world's largest gold mining company,
Barrick Gold Corporation (60%)
(NYSE/TSX: ABX) in partnership with Goldcorp (40%). Pueblo Viejo is estimated to contain 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:
Manager Corporate Communications
President & CEO, Chairman
|Tel: 613 241 2332 Fax: 613 241 8632
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"