Evergold Releases 3D Video of Golden Lion Main Zone, B.C., Highlighting Scale of Target and High-Grade Gold-Silver Domain
January 24 2022 - 06:00AM
Evergold Corp. (“
Evergold” or the
“
Company”) (
TSX-V:EVER,
OTC:EVGUF, WKN:A2PTHZ) is pleased to
announce release of an animated video of the gold and silver-rich
GL1 Main zone, located on the Company’s Golden Lion property in
north-central B.C. The video has been created, in part, from data
generated by a 3D geological modeling exercise, imagery and results
from which were released early last week (see news, January 17,
2022). The video shows the progressive development of
the GL1 Main zone through time, commencing with Newmont’s
historical drilling in 1984, through drilling carried out by
Evergold in 2020, and culminating with Evergold’s 2021 drill
discovery, in its final 3 holes, of the property’s first high-grade
domain. The high-grade domain, which comes to surface and returned
the highest grades of precious and base metals yet seen in drilling
at Golden Lion (see news, November 16, 2021), will be the focus of
follow-up drilling in the 2022 field season.
The video may be viewed at:
https://vimeo.com/664395801/d4f64d0a12
“This video makes the large scale of the GL1
Main zone immediately evident, along with its considerable
expansion potential,” said Kevin Keough, President & CEO. “It
does this by placing GL1 Main within the context of the much larger
surface geochemical anomalies which encompass it. Also helpful for
assessing the potential of the zone is the topographical context,
which by B.C. standards is moderate, and allows for site access
directly up the broad valleys common to the Toodoggone area.”
About Evergold
Evergold Corp. has been assembled by a team with
a record of recent success in B.C., namely the establishment of GT
Gold Corp. in 2016 and the discovery in 2017-18 of the Saddle
epithermal and porphyry copper-gold deposits near Iskut B.C., which
hold more than 20 million ounces of gold equivalent in all
categories (Saddle North NI 43-101 Technical Report, August 20,
2020). GT Gold was acquired in 2021 by Newmont Corporation.
Evergold combines four 100%-owned properties in prime B.C.
geological real estate from well-known geologist C.J. (Charlie)
Greig, with the recently optioned Rockland property in Nevada,
seasoned management, and a qualified board. The Company’s flagship
assets consist of the Golden Lion property, the Snoball property,
and the past-producing high-grade Rockland gold-silver property in
Nevada. All three properties host zones of precious metals that the
Company believes offer considerable upside.
Qualified Person
Charles J. Greig, P.Geo., a Qualified Person as
defined by NI 43-101, has reviewed and approved the technical
information in this news release.
For additional information, please contact:
Kevin M. KeoughPresident and CEOTel: (613)
622-1916www.evergoldcorp.ca kevin.keough@evergoldcorp.ca
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking
Information
This news release includes certain
“forward-looking statements” which are not comprised of historical
facts. Forward-looking statements include estimates and statements
that describe the Company’s future plans, objectives or goals,
including words to the effect that the Company or management
expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as “believes”,
“anticipates”, “expects”, “estimates”, “may”, “could”, “would”,
“will”, or “plan”. Since forward-looking statements are based on
assumptions and address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Although
these statements are based on information currently available to
the Company, the Company provides no assurance that actual results
will meet management’s expectations. Risks, uncertainties and other
factors involved with forward-looking information could cause
actual events, results, performance, prospects and opportunities to
differ materially from those expressed or implied by such
forward-looking information. Forward looking information in this
news release includes, but is not limited to, the Company’s
objectives, goals or future plans, statements, exploration results,
potential mineralization, the estimation of mineral resources,
exploration and mine development plans, timing of the commencement
of operations and estimates of market conditions. Factors that
could cause actual results to differ materially from such
forward-looking information include, but are not limited to failure
to identify mineral resources, failure to convert estimated mineral
resources to reserves, the inability to complete a feasibility
study which recommends a production decision, the preliminary
nature of metallurgical test results, delays in obtaining or
failures to obtain required governmental, environmental or other
project approvals, political risks, inability to fulfill the duty
to accommodate First Nations and other indigenous peoples, an
inability to predict and counteract the effects of COVID-19 on the
business of the Company, including but not limited to the effects
of COVID-19 on the price of commodities, capital market conditions,
restrictions on labour and international travel and supply chains,
uncertainties relating to the availability and costs of financing
needed in the future, changes in equity markets, inflation, changes
in exchange rates, fluctuations in commodity prices, delays in the
development of projects, capital and operating costs varying
significantly from estimates and the other risks involved in the
mineral exploration and development industry, and those risks set
out in the Company’s public documents filed on SEDAR. Although the
Company believes that the assumptions and factors used in preparing
the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. The Company disclaims any
intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, other than as required by law.
Evergold (TSXV:EVER)
Historical Stock Chart
From Feb 2024 to Mar 2024
Evergold (TSXV:EVER)
Historical Stock Chart
From Mar 2023 to Mar 2024