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Category Archives: Evergold Inc

Evergold Delivers Broad Intercepts from GL1 Main Zone, Golden Lion Property, Northern B.C., Recaps 2020 Program, Plans 2021 Follow-up

Evergold Corp. (TSX-V: EVER, OTC: EVGUF, WKN: A2PTHZ) (“Evergold” or the “Company”) is pleased to report remaining results and recap the 2020 drill program on the Golden Lion property in northern B.C. Broad intervals of gold-silver epithermal style mineralization encompassing higher-grade intervals were intersected in step-outs to earlier reported holes. Inclusive of historical drilling by Newmont, the GL1 Main Zone now exceeds 800 metres in strike length. The zone comprises epithermal-style mineralization exposed at surface and associated with a geophysical response that increases with depth below current drill intercepts, suggesting that potentially stronger mineralization, and higher grades, may lie not far below. Evergold is excited to drill this underlying geophysical response in the approaching field season, within a broader program to evaluate extensions along strike.
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Evergold Options the Rockland Gold-Silver Property, Nevada

Evergold Corp. (TSX-V: EVER, OTC: EVGUF, WKN: A2DVQM) (“Evergold” or the “Company”) is pleased to announce that it has signed a Letter Agreement for an option to purchase the Rockland property, including the past-producing Rockland Mine and adjacent exploration claims, located in the Walker Lane geological belt, Nevada, from Enigma Resources LLC (“Enigma”). As reflected in the significant historical intercepts cited below, the property hosts known zones of high-grade and bulk-tonnage style gold-silver mineralization that are open for further expansion and that the Company believes it can grow, and add to, with new discoveries. Completion of the acquisition of the option (the “Transaction”) is subject to receipt of all necessary approvals, including the approval of the TSX Venture Exchange.
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Evergold Announces Multiple Broad Gold-Silver Intercepts Near Surface at GL1 Main in Northern B.C.

Evergold Corp. (TSX-V: EVER, OTC: EVGUF, FRA: 5EG) (“Evergold” or the “Company”) is pleased to report that drilling completed during the 2020 field season on the GL1 Main target, on its Golden Lion property in northern B.C., has returned broad assay intercepts of gold and silver-bearing epithermal-style mineralization, with local higher-grade intervals, suggestive of the upper part of the system and comparable to historical (1984) Newmont drill results. Importantly, and unknown at the time to Newmont, this generally low to locally moderate-grade shallow mineralization is associated with coincident induced polarization chargeability and resistivity responses that increase with depth below current drill intercepts. The geophysical data (see representative sections Figures 4 and 5) clearly shows that all drilling to date that occurred directly on the GL1 Main zone, both historically by Newmont (9 holes) and this year by Evergold (10 holes), has tested only the shallower, weaker geophysical response, and indicates that potentially stronger mineralization, and higher grades, may lie directly below, in association with the higher-tenor geophysical response. Presented in this news release are assay results for five holes at GL1 Main (GL-20-002, 003, 006, 007, 008). Results for another five holes from GL1 Main (GL-20-009, 011, 012, 013 and 016) are pending, along with six reconnaissance holes drilled on targets located elsewhere on the property.
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Evergold Opts to Close Off its Previously Announced Private Placement Financing at a Single Tranche, Pending Exploration News and a Subsequent Financing, to be Announced

Evergold Corp. (TSX-V: EVER, OTC: EVGUF, FRA: 5EG) (“Evergold” or the “Company”). As announced on October 9, the Company had chosen to await initial assays from drilling this summer at the Company’s promising GL 1 Main target, located on the Golden Lion property in northern B.C., prior to completing the second tranche of its previously announced (news, August 26 and 28) tranched private placement (the “Offering”). Following inordinate delays, in the past two weeks assay results have begun to arrive with some regularity from the laboratory, and the release of drilling results from Golden Lion is now imminent. However, the TSX Venture Exchange (the “Exchange”) advises that the time limit for closing of the second tranche has expired, and further extensions will not be granted. Accordingly, the Company has decided to file with the Exchange formal closing documents for the August 26/28 financing, and shall instead announce in the very near future, a new financing in place of the previously anticipated second tranche.
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