Wildcat - James Bay
In January 2005, the Company acquired 100% interest in seven blocks of claims, totalling 302 km² in the immediate area of the Eleonore gold discovery. The claims were acquired from an independent staking syndicate for a $100,000 payment and 300,000 shares of the Company. An additional block of claims (Wildcat #8) was acquired by the Company by map-staking.
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In early 2007, Everton proceeded with ground magnetic and induced polarization (IP) geophysics along 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. This deformation zone coincides with lake-bottom sediment gold and arsenic anomalies lined up over its strike. The IP program was conducted only over the Claude Target on the Opinaca property. Rock exposure in the vicinity of the Manuel Showing allowed proceeding directly with the trenching program without IP surveying.
A total of 20 different trenches were mechanically dug in the Manuel Showing area, where new rock sampling returned gold values of 28.2 g/t Au, 18.6 g/t Au and 12.1 g/t Au on selected samples and 2.76 g/t over 1.5 meters in a channel cut. These new results are located east and west of the original Manuel Showing over a strike length of 35 meters. Another 500 meters of drilling will test several AEM and IP anomalies on the Moose Target located on the Wildcat 1 property. The Moose Target represents the western extension of the Smiley Target onto the Wildcat 1 property.
On the Everton's 100%-owned Wildcat 2 property, initial sampling from outcrops and boulders returned grades of 14.51 g/t Au, 5.35 g/t Au, 1.22 g/t Au, 0.91 g/t Au and 0.67 g/t Au. These initial results are from a new zone named the Inex Zone Extension since they lie on strike and trend 1000 m east of the Inex Zone on Everton's Opinaca A Block. Everton's Wildcat 2 property is contiguous to the south-eastern edge of the Opinaca A Block. As reported on August 23, 2006 Everton and Azimut Exploration have identified numerous gold outcrops on the Inex Zone ranging in values from 50.9 g/t Au, 17.21 g/t Au, 13.87 g/t Au, 12.35 g/t Au, 9.13 g/t Au, 8.39 g/t Au, 7.98 g/t Au, 2.49 g/t Au and 1.05 g/t Au.Please review our press releases for updates
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