A 1700-Metre Long, Shallow Au-Ag+Zn+Pb System Encompassing Broad Bulk-Tonnage Style Intercepts and High-Grade Domains
The 100% owned, helicopter accessible, 5,099-hectare Golden Lion property hosts the large, near-surface, ‘GL1 Main’ epithermal Au-Ag+Zn+Pb system, which drilling by the Company in 2020 and 2021 has now confirmed exhibits both bulk-tonnage and high-grade vein styles of mineralization. The property is located in the Toodoggone region of northcentral British Columbia, approximately 24 kilometres north of Benchmark’s Lawyers project. It was previously held and drilled by Newmont during a time of declining gold prices in the mid-1980s. Importantly, all of Newmont’s drilling involved shallow angle holes drilled from widely spaced pads - a single hole per pad with no undercuts - leaving the depth potential entirely untested, and also leaving potential for high-grades to come to surface in gaps between pads. Drilling carried out by Evergold in 2021 has now demonstrated that system intensity is increasing with depth; that the broad mineralized envelope contains high grade domains encompassing local very high grades of gold, silver, zinc and lead, and that these high grades do come to surface.