Evergold Corp. (“
Evergold” or the
“
Company”) (
TSX-V: EVER, OTC:
EVGUF, WKN: A2PTHZ). The
Company is pleased to announce that C.J. “Charlie” Greig, P.Geo,
this year’s recipient of the Prospectors and Developers Association
of Canada’s Bill Dennis Exploration Award, has assumed the role of
Chief Exploration Officer for the Company and has been appointed to
the Board of Directors. The new roles formalize the significant
contribution and commitment Mr. Greig brings to the exploration and
technical direction of Evergold.
“We are very pleased to formalize Charlie’s role
and contribution to Evergold with these appointments,” said Kevin
Keough, President & CEO. “Charlie is a co-founder of Evergold,
having contributed several of his best property assets to the
Company in exchange for equity, and since that time applying his
wealth of technical expertise and exploration experience to their
advancement. As such he remains, with management, highly motivated
to see Evergold succeed, to which end he is taking the exploration
lead on our exciting forthcoming Holy Cross, B.C. drill program, as
well as overseeing our return next season to our high-grade
discovery at the GL1 Main Zone on our Golden Lion, B.C. property,
and finalizing drill targets at Rockland, Nevada.”
Commenting, Charlie Greig said: “I am excited to
formally join Evergold and, in particular, to be involved in the
first-ever drill-test of the Holy Cross property, which in the past
attracted the attention of major mining companies including Noranda
and Phelps Dodge, yet to date has never seen a drill. The Company
is in the final phases of systematic, on-the-ground geophysical,
geochemical, and geological fieldwork at Holy Cross, which I first
staked nearly a decade ago. The property hosts epithermal low
sulphidation-style Au-Ag mineralization and widespread
silicification and pyrite alteration in a system associated with
rhyolitic rocks and with extensive silver, gold and multi-element
gold-pathfinder soil geochemical anomalies (e.g., Bi, Te, Sb, Hg,
Th, Cu, Pb, As, Mo). Near surface, the system also coincides with
Induced Polarization geophysical anomalies, which represent
attractive depth targets.”
Board and Officer Changes
Charlie replaces Bernice Greig, LLB, who is
stepping down after 3 years of service as a director for Evergold.
The Company also reports Andrew Mitchell has stepped down from his
position of Vice President, Exploration to pursue his own business
venture, Junior Mining Hub, a company that he founded and operates.
Readers may view more about the Holy Cross project on Junior Mining
Hub at:
https://map.juniormininghub.com?gid=206&modal=project_summary.
About Evergold
Evergold Corp. is a Canadian explorer focused on
precious metals projects in B.C. (Golden Lion, Holy Cross), and
Nevada (Rockland). Company management is proven, with a track
record of exploration success, most recently the establishment of
GT Gold Corp. in 2016 and the discovery of the Saddle South
epithermal vein and Saddle North porphyry copper-gold deposits near
Iskut B.C. GT Gold was acquired in 2021 by Newmont
Corporation. All three of the Company’s priority
projects host epithermal gold-silver systems. Holy Cross will be
drilled for the first time in October this year. Golden Lion hosts
a long, broad near-surface gold-silver zone, within which the
Company discovered the first high-grade domain in the last three
drill holes of the 2021 season. Follow-up drilling is now
anticipated for the 2023 field season. At Rockland, work by the
Company this year has revealed tantalizing new geophysical targets
associated with geochemical anomalies and known gold zones which
offer excellent potential for strong drill results, including
high-grades, when drilling gets underway in 2023. A drill permit
for Rockland is anticipated in the near future.
For additional information, please contact:
Kevin M. KeoughPresident and CEOTel: (613)
622-1916www.evergoldcorp.cakevin.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.
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