For 8:30 AM Release
July 3rd, 2008
TSX-V: EVR
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..
Fresso
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..
New website
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:
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"