Evergold Corp has reported by far the highest grades of gold, silver, zinc, and lead ever achieved in drilling at the GL1 Main target on its Golden Lion property in northern British Columbia.
The company said assay results for drill section 23-24-25, encompassing the final three 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.
That also includes intercepts commencing just below surface and extending to at least 190 meters (m) down-dip to the northeast, the deepest drilled to date.
READ: Evergold wraps up drilling at Snoball for 400m; awaits assays from Golden Lion property
Evergold, which has working capital of $3.1 million, said the zone remains open for further expansion and follow-up will be a priority for the 2022 season.
“We were excited to see bands of base metal massive sulphides in our drilling this year at Golden Lion,” said CEO Kevin Keough in a statement.
“At the time the visuals suggested to us a potential increase in grade, which has been borne out by these results. The grades achieved in this round of drilling at GL1 Main are certainly the highest ever returned for precious and base metals and the latter, at the grades we’re seeing, have the potential to contribute in a meaningful way to rock value. The results also point to considerable potential to build high-grade ounces, and high rock value, both near-surface and down dip, which historically was completely untested, as well as along adjacent areas of the major fault associated with the zone."
He added: "Moving forward into 2022, we’ll aim to increase our drillhole density to better understand controls on mineralization and expand the high-grade zones, to advance the GL1 Main prospect as quickly as possible.”
Drilling highlights for Hole GL21-025 include:
- 40.3m of 2.0 grams per ton (g/t) gold (Au), 24 g/t silver (Ag), 1.2% zinc (Zn), 0.5% lead (Pb)
- 11.3m of 5.4 g/t Au, 62 g/t Ag, 3.2% Zn, 1.3% Pb
- 2.8m of 10.4 g/t Au, 651 g/t Ag, 10.9% Zn, 3.7% Pb
- 1.0m of 26.1 g/t Au, 619 g/t Ag, 10.0% Zn, 3.5% Pb
- 0.6m of 31.7 g/t Au, 924 g/t Ag, 12.6% Zn, 3.7% Pb
- 1.0m of 13.4 g/t Au, 26 g/t Ag, 11.3% Zn, 8.4% Pb
Drilling highlights for Hole GL21-024 include:
- 66.0m of 1.36 g/t Au, 11 g/t Ag, 0.3% Zn, 0.2% Pb
- 3.3m of 11.30 g/t Au, 12 g/t Ag, 1.9% Zn, 2.3% Pb
- 1.0m of 29.10 g/t Au, 19 g/t Ag, 2.7% Zn, 1.6% Pb
- 0.5m of 44.70 g/t Au, 24 g/t Ag, 4.3% Zn, 2.8% Pb
Drilling highlights for Hole GL21-023 include:
- 1.2m of 10.9 g/t Au, 5.5 g/t Ag, 0.2% Zn, 1.4% Pb
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