Evergold Corp (TSX-V:EVER, OTC:EVGUF) said its maiden drill program at its 100%-owned Holy Cross gold-silver property in British Columbia has been completed on time and under budget.
The company is now awaiting the assay results from the 1,556 metres completed in four holes, which are expected in the first quarter of 2023.
The drilling targeted geophysical anomalies coincident with soil geochemical anomalies within the footprint of the very large Holy Cross target area, interpreted to be an intact, felsic intrusive-extrusive flow-dome-related, epithermal gold-silver system, with the higher-grade parts of the system lying at depth.
READ: Evergold to kick off first-ever drill program at its Holy Cross property in British Columbia
Evergold said significant intervals of sulphide-mineralized rhyolite breccia and quartz stockwork veining accompanied by elevated to (locally) strongly elevated values of precious metal pathfinder elements as determined in the field by x-ray fluorescence were observed during the drill program.
Evergold CEO and president Kevin Keough said the company was feeling very good about the prospects for Holy Cross.
“As I’ve stated before, the property has a lot going for it – promising geology, drive-on access, a new powerline under construction crossing Holy Cross to Artemis Gold’s 12 million ounce Blackwater deposit, and moderate topography allowing for potential year-round drilling and news flow,” he said.
“We believe it has even more merit now, and look forward to receipt of assay results from this drill program.”
Evergold is a Canadian mineral exploration company with three wholly-owned precious metals projects in British Columbia and a single project under option in Nevada.
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