Evergold Corp (TSX-V:EVER, OTC:EVGUF) has launched a follow-up drilling program at its DEM prospect in central British Columbia.
It aims to build on the success of last year’s exploration which identified high-grade precious and strategic metals, including gold, silver, and molybdenum.
The company intends up to 1,000 meters of drilling across multiple holes, targeting a north-south geochemical and geophysical trend within a 4 square kilometer anomalous area.
Previously, the 2023 reconnaissance drilling intercepted a structurally focused system rich in sulphides, suggesting the presence of an epithermal-style deposit. More recent geophysical surveying has helped refine targets for the new program.
Drilling is expected to be completed by October 2024.
“Last year we tested the DEM prospect from two pads located a long way apart,” chief executive Kevin Keough said in a statement.
“Intercepts in the holes drilled from those pads have given us an apparent trend to what we believe is essentially a high-grade system, possibly tapped into an underlying intrusion, which appears to trend subparallel to the best of the surface geochemically anomaly and almost certainly daylights within the DEM core area geochemical-geophysical trend.”
“Adding more detail, he added: “ We’re especially interested in two high-order CSAMT (low resistivity) anomalies defined since last year – designated Features “A” & “B” - with associated high IP chargeability, located between and immediately to the south of, last year’s drill sites.
“The location of these anomalies suggest that we may have narrowly missed with last season’s drilling, which was the first on this generally poorly-exposed property.
“Therefore, with this year’s initial drill plan … we’ll initially target the Feature A anomaly from Pad A, drilling west down the high chargeability / low resistivity anomalies to a target depth of 250 metres.
“With success, more than one hole may be drilled from Pad A. A second drill pad – Pad B – has been sited 100 metres due west of Pad A along the same section.”