NEWS OUT - EVERTON RESOURCES INC - EVR
Everton Acquires Large Land Package for Gold, Copper & Uranium in James Bay, Quebec
3/1/2007
OTTAWA, ONTARIO, Mar 1, 2007 (CCNMatthews via COMTEX News Network) --
Everton Resources (TSX VENTURE:EVR) is pleased to announce the acquisition of a 100% interest in fourteen new blocks of claim concessions in the James Bay territory of Quebec. In total, 1,480 new claim concessions have been acquired, totaling 742 km2 of land highly prospective for gold, copper and uranium. These new claim concessions further augment Everton's considerable land position in the James Bay region, enhancing Everton's foot-print to over 2,577 km2. For the location of the new claims, please visit the properties section on Everton's web-site at www.evertonresources.com
The properties are highly prospective for gold, copper and uranium, and were acquired based on favorable geology and positive data from lake-bottom sediment sampling. Included in the package are two blocks of claims totaling 51 concessions that are highly prospective for gold in the Opinaca region west of the Eleonore gold discovery recently purchased by Goldcorp. Also included are two blocks totaling 731 claims highly prospective for copper, uranium and gold in the Lac Gayot region as well as block named "Corvet Sud" consisting of 247 claims highly prospective for gold that is adjacent to Virginia's "Corvet Est" that is under option to Goldcorp. Most of the properties are accessible by roads.
Everton has signed an agreement with an independent staking syndicate to acquire the entire interest in the 1,480 claims. Under the terms of the agreement, Everton will acquire a 100% interest in the 1,480 claims by paying the syndicate $125,000 within five days of the receipt of Exchange approval and the issuance of 380,000 common shares of EVR upon confirmation of the titles. The properties are subject to a 2% NSR payable to the syndicate. Everton has the option to purchase up to one-half of the 2% royalty for $1,000,000.
This press release was prepared under the supervision of Marc L'Heureux, P.Geo., Everton's Vice-President of Exploration, who acts as the 'Qualified Person" as described by NI 43-101.
Everton Resources is well funded and actively exploring in the Opinaca region of James Bay, Quebec where the Company has amassed one of the largest land positions around Goldcorp's (NYSE:GG, TSX:G) Eleonore gold deposit. Goldcorp is planning to invest a significant amount of capital into the Opinaca gold discovery region by building a road and an air-strip to facilitate the development of Canada's newest gold discovery. Everton Resources 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 the 18 million ounce Pueblo Viejo gold deposit, one of the world's largest undeveloped gold deposits, at an estimated cost of $2.3 billion.
The Company's Shares are listed on the TSX Venture Exchange and trade under the symbol "EVR".
SOURCE: Everton Resources Inc.
Everton Resources Todd Opalick Manager Investor Relations 613-241-2332 613-241-8632 (FAX) todd @evertonresources.com Everton Resources Andre Audet Chairman & CEO 613-241-2332 613-241-8632 (FAX) andre@evertonresources.com www.evertonresources.com
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