Evergold Corp (TSX-V:EVER, OTC:EVGUF) has said it is making good progress towards a drill program on two prospective targets on its Rockland property in Nevada.
Toronto-based Evergold told investors that it is “methodically” exploring and advancing drill targets on the project ahead to prepare for a planned 11,000-metre drilling campaign.
The program is anticipated to comprise RC and core drilling in 29 holes, and the Phase 1 plan is currently under review by permitting authorities, Evergold told shareholders.
Drilling could occur “as early as this fall,” the company said in a statement.
READ: Evergold says 3D modeling has revealed a high-grade domain on its Golden Lion property in British Columbia
Rockland hosts a historical small-scale mine, from which an estimated 50,000 ounces of gold-silver grading as high as 2.8 ounces per ton gold equivalent, or 96 grams per ton (g/t) gold equivalent was produced from high-grade epithermal-style veins, commonly encompassed by broad halos of lower-grade stockworks and breccia, the company said.
Evergold said that the east side of the property hosts “a deeper zone of mineralization, more or less blind to surface and also epithermal in style,” which was previously drilled and returned results including 59.4 metres of 1.09 g/t gold encompassing 3.1 metres of 19.80 g/t gold.
Evergold has been busy working on the Rockland project, having completed a host of exploration initiatives including a recently conducted airborne magnetic survey over the entire property and a geophysical survey over Rockland East.
"The Rockland property's near-term exploration potential and drive-on, year-round access make it strongly complementary to our northern BC property assets," said Kevin Keough, Evergold’s CEO in a statement.
Keough told investors that the style of the epithermal mineralization is similar, particularly to the Holy Cross property in central British Columbia (BC). Evergold will also be able to drill Rockland at times of the year when not possible to drill its BC projects.
“We're very much looking forward to getting a drill turning when our permits come through. In the meantime, we are finalizing this year's drill program at Golden Lion, following up on last year's end-of-season discovery of our first high-grade gold-silver domain within the large GL1 Main zone mineralized footprint,” Keough added.
The Rockland property is located approximately 25 miles south of the town of Yerington in western Nevada, along the northern portion of the Walker Lane trend.
Evergold also owns four precious metals projects in BC.
Contact Angela at angela@proactiveinvestors.com
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