Immediate Release
March 3, 2008
Symbol: TSX-V: EVR
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".
