A mapping and sampling program is planned to begin in Jan/05.
December 16, 2004
A mapping and sampling program is planned to begin in Jan/05.
August 27, 2003
GlobeStar Mining has entered into an option agreement for Everton Resources to earn up to 70% in three of its gold exploration concessions covering 70.4 square km in the Dominican Republic. Everton Resources can earn 50% of GlobeStar’s interest on each concession by spending USD390,000 per
property on exploration within three years. Upon earning a 50% interest, Everton Resources can elect to earn up to 70% interest on a designated project by completing a bankable feasibility study within two additional
years.The optioned Cuance and Los Hojanchos concessions are contiguous with Pueblo Viejo, less than 3 km from the mine, and exhibit extensive argillic alteration and silicification over north-south structures associated with the Pueblo Viejo orebody. The Loma de Payabo exploration concession is situated between the Pueblo Viejo and the Bayaguana concessions, where Everton optioned further ground from GlobeStar in April.
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