Evergold Corp (TSX-V:EVER, OTC:EVGUF) has reported additional promising assay results from drilling at the polymetallic DEM Mountain Zone near Fort St James in British Columbia, Canada.
The company reported high-grade antimony, with intervals reaching 8.37 percent antimony over 0.5 meters within a broader zone of 40 meters averaging 0.42 percent antimony.
These are among the highest reported antimony grades from Canadian drilling in recent years, according to Evergold.
Gold and silver results included an interval of 29.5 grams per ton gold with 22 grams per ton silver over 0.5 meters and a broader zone of 135 meters averaging 0.12 grams per ton gold from surface.
Critical elements identified included 42 grams per ton tellurium, 0.83 percent molybdenum, 3.7 grams per ton rhenium, and 0.32 percent tungsten, alongside cobalt and other high-value minerals.
Evergold believes these latest results, along with those from the fall 2023 program, highlight a broad zone containing locally elevated precious and high-value critical elements, with individual core samples or consecutive intervals showing high grades over lengths of half to two meters.
Kevin Keough, Evergold’s CEO, noted that antimony has become of speculative interest this year given the broad demand for various technology and military applications and supply shortages, which will be exacerbated by China’s ban on exports of the mineral.
“A number of junior explorers have been attempting to capitalize on this interest by touting property acquisitions and high values of antimony in grab samples. However, our results are, to the best of our knowledge, the only antimony-rich drill results delivered year-to-date in Canada,” Keough said.
“At the DEM Mountain Zone we have drilled genuinely high-grade antimony over metre-plus widths within much larger envelopes, with associated gold and silver credits – and locally, high-grade gold and a number of other high-value elements – all of them in the same system, though not always in the same samples.”