Evergold Corp (TSX-V:EVER, OTC:EVGUF) announced that initial 3D geological modeling of the GL1 Main Zone, located on its Golden Lion property in British Columbia (BC), has highlighted the location of the first high-grade domain drilled on the property, which was intersected by the company in the final three holes of its 2021 drill program.
Evergold said this high-grade domain, which comes to surface and returned the highest grades of precious and base metals yet seen in drilling at Golden Lion, will be the focus of follow-up drilling in the 2022 field season.
“Last year’s program demonstrated that the GL1 Main Zone is host to high grades over underground-style widths,” Evergold CEO Kevin Keough said in a statement.
READ: Evergold discovers high-grade copper and silver samples at its Golden Lion property in British Columbia
“The initial high-grade domain is open for expansion, and the nature of these large epithermal systems suggests there will be more of them found as we follow up with exploration of the system to depth and along strike,” Keough added.
The company noted that previous drilling in this domain returned “multiple high-grade polymetallic intercepts within broad envelopes of bulk-tonnage style mineralization”, including 2.8 metres (m) of 10.4 grams per tonne (g/t) gold, 651.3 g/t silver,10.9% zinc and 3.7% lead.
As well, Evergold said key “take-aways” from the 3D geological modelling include: the average zone true width exceeds 100m; mineralization is open along strike to the northwest and southeast, and to depth down-dip to the northeast and; alteration and grades appear to increase down-dip on all three sections drilled by the company in 2021.
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