La Mireya

In 2007, Everton completed a first phase of exploration work on the 100%-owned La Mireya concession, covering 118.5 km² within the eastern cordillera of the Dominican Republic. The program consisted of a higher density stream sediment sampling program and results are pending.

The La Mireya concession is covered by rock of similar age and origin to those of the Los Ranchos Formation that host the Pueblo Viejo gold-silver deposit, located 90 km to the west. Several copper-gold porphyry-type occurrences and alluvial placer gold mineralization have been identified in the past in this sector. A regional stream sediment survey conducted by the European Union SYSMIN program yielded gold values up to 1.44 g/t gold and six others over 200 ppm gold on the La Mireya concession.

A follow-up program was scheduled to begin in 2007, but was delayed due to higher priority work commitments on projects in the vicinity of the Pueblo Viejo mine. The Company intends to follow-up on La Mireya with reconnaissance mapping and a soil sampling survey in 2008.
 

Other Eastern properties

The Eastern Group of properties that is comprised of Candelaria de Jengibre, Cacique de Piedra, Loma la Ceibita, Los Mosquitos del Este, Loma del Valle et Loma Ceiba de Agua were originally acquired based on the interest in the area following the signing of the Miches agreement. A reconnaissance mapping and/or sampling program was done on those concessions during the year. Results are pending.

Due to the limited potential for mineralization, no further work is planned on the Loma del Valle, Candelaria del Jengibre and Loma la Ceibita concessions. Some follow-up sampling will be proposed in 2008 on the other concessions.