Evergold Corp (TSX-V:EVER, OTC:EVGUF) announced that its geological staff has mobilized to the company’s 100% owned Holy Cross gold-silver property in British Columbia (BC), in advance of fully-financed plans to carry out up to 2,500 metres (m) of drilling.
The precious metals-focused explorer said drilling is expected to begin by mid-month and follows recent geophysical and soil geochemical surveys that have helped to define drill targets.
“The Holy Cross property has the potential to host a significant discovery, as mining majors Noranda and Phelps Dodge were attracted to it in their day for its large-scale alteration and geochemical anomalies,” Evergold CEO Kevin Keough said in a statement.
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“Beyond its geological merits, Holy Cross has several key access, infrastructure and topographic advantages, namely: drive-on access, a new powerline under construction crossing Holy Cross to Artemis Gold’s 12 million ounce Blackwater deposit to the south of us, and moderate topography allowing for potential year-round drilling and news flow,” Keough added.
Evergold noted the Holy Cross property hosts a “very extensive, highly anomalous silver-in-soil geochemical anomaly along with other gold-in-soil pathfinder elements.”
It added that the upcoming drill program will focus on targeting attractive geophysical anomalies occurring down-dip or down-plunge of the best soil geochemical anomalies.
Evergold is a Canadian explorer with three wholly-owned precious metals projects in BC (Golden Lion, Holy Cross, Snoball), and a single project under option in Nevada (Rockland).
Contact Sean at sean@proactiveinvestors.com