Evergold Corp (TSX-V:EVER, OTC:EVGUF) has announced a strategic review of its operations and is inviting partnerships to advance its Golden Lion and DEM properties in British Columbia.
The Golden Lion property, located in northern BC’s Toodoggone region, has shown high-grade results, including gold, silver, copper, zinc, and lead, the company highlighted in a statement.
Past drilling highlights include 40.3 meters of 2 g/t gold, 24 g/t silver, 1.2% zinc, and 0.5% lead at the GL1 Main Zone.
COVID-related driller labor shortages that impacted the 2021 field season and subsequent soft market conditions have delayed follow-up work on these results, the company said.
The DEM property in central BC near Fort St James has returned encouraging drill results for precious and critical elements such as gold, antimony, and molybdenum, including 40 meters of 0.42% antimony, with intervals up to 8.37%.
Planned exploration includes targeting deeper zones and the larger underlying system.
Evergold is seeking potential partners to further develop these assets.
The company also announced that long-standing directors Rosie Moore and Darwin Green have stepped down to make way for new leadership.