Dominican Republic

Overview

Everton holds 382 km2 of highly prospective mineral rights in the Dominican Republic, including a large land position adjacent to Barrick/Goldcorp's Pueblo Viejo deposit that contains over 20 million ounces of gold. Everton also holds an impressive land package adjacent to Xstrata's Falcondo nickel mine in the Dominican Republic.

In early 2007, Everton and its partner GlobeStar Mining Corp. launched a major airborne geophysical survey on all properties owned by the companies in the central Dominican Republic. This includes Cuance, Los Hojanchos, Jobo Claro, Ampliacion, Loma el Mate and the Maimon Copper Group of concessions.

Everton's part of the survey covered about 300 km2 and consisted of approximately 2,700 line-kilometers of low level survey covering the Maimón Formation, host of the Cerro de Maimón copper/gold project and satellite deposits like Loma Pesada, and parts of the Los Ranchos Formation, host of the Barrick/Goldcorp giant Pueblo Viejo gold deposit; all located in the central part of the Dominican Republic. The Maimón Formation is host to at least 8 outcropping massive sulphide bodies, and the survey was designed to test extensions at depth of these bodies, plus seek-out new non-outcropping mineralization which may have been undetectable by shallow detection methods used in the past. The Los Ranchos Formation is host to large high sulphidation systems and associated mineralization.