Our Focus is the Quest for High-Grade Gold and Silver in B.C. and Nevada.
Evergold Corp. (TSXV: EVER, OTC: EVGUF, Germany: A2PTHZ) is a British Columbia and Nevada-focused mineral exploration company, established late in 2015 and taken public in October 2019. The Evergold team has delivered major discoveries before, most recently (2017) the entirely new-to-science, >20 million ounce ‘Saddle’ copper-gold discoveries in northwest B.C., which Newmont acquired with the purchase of GT Gold in 2021.
The Company’s key property assets include 1) Golden Lion, B.C., host to the epithermal-style “GL1 Main” prospect, a large, fault-bounded, drilled, gold-silver+zinc+lead zone that exhibits both bulk tonnage and high-grade characteristics, and is just beginning to emerge, located in B.C.’s fast-developing Toodoggone region, east of the Golden Triangle but within similar “Stikine Terrane” geology, 2) Holy Cross, located some 30 kms south of Fraser Lake B.C. and north of Artemis Gold’s very large ‘Blackwater’ mine-in-the-making, which exhibits widespread surface Au-Ag and pathfinder element anomalism and alteration interpreted to represent the upper levels of a potentially intact, intrusion-related, epithermal gold-silver system, with the higher-grade parts of the system lying at depth, and 3) Rockland, Nevada, located in western Nevada’s hot “Walker Lane” trend, and hosting two high-priority target areas: a) Rockland Mine - high-grade, previously mined, shallow gold-silver vein systems analogous in style to the nearby Sleeper and Aurora mines, and b) Rockland East, where prior operators traced a long, broad, gold-silver zone, blind to surface, along some 800 metres of strike, and which has lately been complemented by new work by Evergold, which is revealing a felsic intrusive-extrusive complex similar to that at Holy Cross, associated closely with mineralization and promising new, large-scale geophysical anomalies.
Progressive deterioration in market conditions through the first half of 2022 forced adoption of a more cautious approach to the Company’s 2022 field program, necessitating a postponement of plans to carry out follow-up to high grade intercepts achieved at Golden Lion in 2021, pending completion of a bridge and road to Thesis Gold’s adjacent Ranch project, which will drive down exploration costs. Nonetheless, Golden Lion remains a top priority for the company, and its most advanced asset.
Drilling instead took place this season, in October, at our lower cost, year-round drillable, Holy Cross property, which in the past attracted the attention of major mining companies Noranda, Kennecott, and Phelps Dodge, but had never been drilled. Significant intervals of sulphide-mineralized rhyolite breccia and quartz stockwork veining accompanied by elevated to (locally) strongly elevated values of precious metal pathfinder elements were observed in two of the four holes completed. Assays are awaited.
In addition, permitting is being advanced at our Rockland, Nevada property, with drilling approvals for Rockland East anticipated in the near future.