Evergold Corp (TSX-V:EVER, OTC:EVGUF) has commenced its 2024 field program on the DEM precious and strategic metals prospect in central British Columbia.
The program, which began this week, includes prospecting and ground-truthing of the DEM1 and DEM2 target areas.
Additional fieldwork involving geophysics, mapping, and sampling is scheduled for July and August, with follow-up drilling at the DEM1 target expected in September.
Key targets at the DEM1 prospect are located between two widely-spaced pads from the fall 2023 program.
At DEM2, interest has intensified following magnetic, topographic, and geochemical surveys identifying a significant molybdenum-copper-cobalt anomaly in lake sediments. This anomaly is more pronounced than those found at the DEM1 site.
“The DEM1 target continues to look terrific and DEM2 tantalizing for its early apparent similarities, at least in terms of geophysics, to DEM1”, said Kevin Keough, Evergold's CEO in a statement.
“Last season’s drilling demonstrated that the DEM1 system is richly mineralized and hosts an array of sulphides and valuable metals, both precious and strategic. This year’s geophysics has revealed that the two pads and three holes drilled in 2023 may have been marginally off-target, and that we really need to test the more highly prospective anomaly between the two, and possibly a second anomaly that is emerging to the south.
"Our goal with the next few holes at the DEM1 prospect will be to deliver high-grade underground style intercepts over broad widths, and to tap into what appears to be a deep-seated system.”