Announcement Date: 2021-11-16
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Evergold Corp.
Project name: Golden Lion
Location: Canada
Commodities: Gold,Silver,Lead,Zinc
Highlight: Drilling results incl. 40.31m @ 1.99g/t Au, 23.7g/t Ag, 1.2% Zn, 0.5% Pb from 119.69m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, Ontario – November 16, 2021 – Evergold Corp. (“Evergold” or the “Company”) (TSX-V:EVER, WKN:A2PTHZ) is pleased to report by far the highest grades of gold, silver, zinc and lead ever achieved in drilling at the GL1 Main target, located on the Company’s Golden Lion property in the Toodoggone epithermal district, northern British Columbia, Canada. Assay results for drill section 23-24-25 (Figure 1), encompassing the final 3 holes of the program, definitively establish that the GL1 Main Zone carries high grades of gold, silver and base metals within a broader envelope of moderate grade mineralization, with intercepts commencing just below surface and extending to at least 190 metres down-dip to the northeast, the deepest drilled to date. The zone remains open for further expansion and follow up will be a priority for the 2022 season. The Company is well financed and has working capital of $3.1 million. During the 2021 program 8 of the 9 holes drilled tested the GL1 Main Zone over a strike length of 175 metres, at vertical depths ranging from 20 metres (uppermost high-grade intercepts in hole GL21-024) to 175 metres below surface (lowermost high-grade intercepts in hole GL21-025).
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