Evergold Corp (TSX-V:EVER, OTC:EVGUF) has announced that diamond core drill sampling carried out at mineralized outcrop sites within a 1.5 kilometre radius of the GL1 Main gold-silver zone at its Golden Lion property in British Columbia (BC) has returned “strong to locally very high grades” of copper, silver, and some gold, which included 16.2% copper and 735 grams per tonne silver.
The company said drilling was focused on mineralized outcrop at four sites within the broad GL2 target area, highlighting the exploration potential in areas adjacent to the GL1 Main zone.
“We observe high-grade polymetallic mineralization in outcrop at several sites lateral to the prominent N-S trending ridge that bisects the GL1 and GL2 target areas, and to the north as well,” Evergold CEO Kevin Keough said in a statement.
READ: Evergold says drilling at Pyramid Peak confirms presence of high-grade vein system on the Snoball property in BC's Golden Triangle
“As we focus in the coming field season on unfolding the high-grade gold-silver story at the GL1 Main zone, we’ll be keeping in mind the potential of these nearby targets, and their possible relationship to the large GL1 Main epithermal system,” Keough added.
A total of 65 holes ranging from 0.5 meters (m) to 6.4m in depth were completed, with the objective to better evaluate surface prospects and showings located across the Golden Lion property, outside of the GL1 Main zone, some of which had been partially tested in 2020.
Evergold noted that plans for further exploration, including detailed ground magnetometer work, geologic mapping, and soil geochemical sampling and prospecting, are being formulated.
It added that should this work provide further encouragement, emerging targets may be drill-tested.
Evergold's flagship assets consist of the Golden Lion property and the Snoball property in BC, as well as the past-producing high-grade Rockland gold-silver property in Nevada.
The company believes all three host zones of precious metals offer considerable upside.
Contact Sean at sean@proactiveinvestors.com