For 8:30 AM Release
April 29th, 2008
Symbol: TSX-V: EVR
EVERTON AND GLOBESTAR:
EXPLORATION UPDATE ON NEW MINERALIZED ZONE - 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 totaling
1,023.4 meters on the new Loma Lambedera discovery located on the Cuance
concession in the central Dominican Republic (option to acquire 50% from
GlobeStar). Based on the results, an induced polarization (IP) program for a total
of 43 km of survey lines has commenced in the northern portion of the Cuance
concession, immediately north of the recently completed drill program at Loma
Lambedera 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 (press release of October 11th, 2006). This new mineralized zone is
located in the Maimon polymetallic massive sulphide district that also hosts
GlobeStar's Cerro de Maimon deposit (10 km to the West).
Highlights
of the drill program include hole CUA-04 with 15 m @ 1.22 g/T Au, 2.84 g/T Ag,
0.35% Cu and 2.42% Zn, including 12.00 m @ 1.31g/T Au, 2.03 g/T Ag, and 2.94% Zn
(press release of March 3rd, 2008).
|
Hole
|
Azimuth
|
Dip
|
|
From
(m)
|
To
(m)
|
Length
(m)
|
Au
(g/t)
|
Ag
(g/t)
|
Cu
(%)
|
Zn
(%)
|
|
CUA-01
|
N
80 E
|
-50
|
|
12.00
|
24.00
|
12.00
|
l/v
|
0.20
|
0.11
|
l/v
|
|
|
|
|
|
29.79
|
52.40
|
22.61
|
l/v
|
0.63
|
0.13
|
l/v
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CUA-02
|
N
42 E
|
-60
|
|
0.60
|
26.15
|
25.55
|
0.47
|
2.80
|
0.52
|
0.12
|
|
Zone
I
|
|
|
Including
|
0.60
|
11.62
|
11.02
|
0.94
|
3.96
|
0.49
|
0.24
|
|
|
|
|
Including
|
4.20
|
6.50
|
2.30
|
2.92
|
10.34
|
2.04
|
0.77
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Zone
I
|
|
|
|
29.00
|
47.00
|
18.00
|
l/v
|
0.81
|
0.26
|
l/v
|
|
|
|
|
Including
|
29.00
|
30.50
|
1.50
|
l/v
|
l/v
|
1.08
|
l/v
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CUA-02
|
|
|
|
77.00
|
125.00
|
48.00
|
0.12
|
l/v
|
0.22
|
l/v
|
|
Zone
II
|
|
|
Including
|
98.00
|
107.00
|
9.00
|
0.34
|
0.57
|
0.31
|
l/v
|
|
|
|
|
and
Including
|
99.50
|
101.00
|
1.50
|
1.64
|
0.70
|
l/v
|
l/v
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Zone
II
|
|
|
|
135.50
|
143.00
|
7.50
|
0.25
|
l/v
|
0.33
|
l/v
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CUA-03
|
N
42 E
|
-45
|
|
0.60
|
24.50
|
23.90
|
0.21
|
5.57
|
l/v
|
l/v
|
|
|
|
|
|
26.00
|
50.00
|
24.00
|
0.16
|
6.79
|
0.57
|
0.18
|
|
|
|
|
Including
|
29.00
|
32.00
|
3.00
|
l/v
|
8.35
|
1.56
|
0.38
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CUA-04
|
N
42 E
|
-68
|
|
41.00
|
56.00
|
15.00
|
1.22
|
2.84
|
0.35
|
2.42
|
|
|
|
|
Including
|
41.00
|
53.00
|
12.00
|
1.31
|
2.03
|
0.27
|
2.94
|
|
|
|
|
|
125.00
|
140.00
|
15.00
|
0.27
|
0.77
|
0.36
|
l/v
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CUA-05
|
N
42 E
|
-60
|
|
27.50
|
45.50
|
18.00
|
l/v
|
l/v
|
0.20
|
l/v
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CUA-06
|
N
55 E
|
-60
|
|
9.50
|
41.00
|
31.50
|
l/v
|
l/v
|
0.23
|
0.20
|
|
|
|
|
Including
|
35.00
|
41.00
|
6.00
|
0.56
|
2.53
|
0.37
|
0.96
|
|
|
|
|
|
63.50
|
68.00
|
4.50
|
0.83
|
5.40
|
l/v
|
2.28
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CUA-07
|
N
42 E
|
-60
|
|
0.00
|
33.50
|
33.50
|
0.24
|
l/v
|
l/v
|
l/v
|
|
|
|
|
|
38.00
|
47.00
|
9.00
|
0.18
|
l/v
|
l/v
|
0.26
|
|
|
|
|
|
63.50
|
69.50
|
6.00
|
l/v
|
l/v
|
0.30
|
l/v
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CUA-08
|
N
55 E
|
-60
|
|
87.50
|
95.00
|
7.50
|
l/v
|
l/v
|
0.21
|
l/v
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CUA-09
|
N
45 E
|
-60
|
|
N/A*
|
|
|
|
|
|
|
|
CUA-09A
|
N
65 E
|
-70
|
|
N/A*
|
|
|
|
|
|
|
*Holes CUA-09 and CUA-09A were not sampled.
** l/v = low value
All the holes except CUA-09 and CUA-09A
intersected sulphide-disseminated mineralisation, including pyrite,
chalcopyrite, sphalerite and bornite. Alteration types include quartz -
sericite - chlorite - pyrophylite - barite. The mineralised intervals appear
associated with zones of shearing in the chlorite - sericite schists.
A distinctive zone of secondary supergene
enrichment can be observed in hole CUA-02 with the presence of abundant copper
mineralisation including bornite, covellite and malachite. An interval of 2.30
meters @ 2.92 g/T Au, 10.34 g/T Ag, 2.04% Cu and 0.77% Zn was cut within this
zone. The mineralisation is considered to remain open to the northwest and at
depth.
In other news, Everton will issue 80,000 common
shares at a deemed price of $0.50 per share to DIAGNOS inc. as per the service
agreement dated October 31, 2007 (see DIAGNOS press release dated November 13,
2007). The shares are subject to a hold period of 4 months from their date of
issuance and said issuance is subject to regulatory approval. DIAGNOS, a leader
in the use of artificial intelligence ("AI") and advanced knowledge
extraction techniques, used its CARDS (Computer Aided Resources Detection
Software) system on the data provided by Everton with the aim of identifying
targets for precious and base metals on a territory covering many tens of
thousands of squared kilometers outside of the Dominican Republic. A 2% NSR
(Net Smelter Return) bonus will also be paid to DIAGNOS for each economical
discovery on the studied zone. Everton will have the option to acquire 1% of
this NSR at any time for $1 million.
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:
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"
