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VANCOUVER - Evergold Corp. [EVER-TSXV; EVGUF-OTC] has released by far the highest grades of gold, silver, zinc and lead ever achieved in drilling at the GL1 Main target, located on the 100%-owned Golden Lion property in the Toodoggone epithermal district, northern British Columbia.
Assay results for drill section 23-24-25, encompassing the final three holes of the program, definitively establish that the GL1 Main zone carries high grades of gold, silver and base metals within a broader envelope of moderate-grade mineralization, with intercepts commencing just below surface and extending to at least 190 metres down dip to the northeast, the deepest drilled to date. The zone remains open for further expansion and follow-up will be a priority for the 2022 season. The company is well financed and has working capital of $3.1-million.
Drilling highlights - GL1 Main zone
Hole GL21-025 returned 40.3 metres of 2.0 gold, 24 g/t silver, 1.2% zinc and 0.5% lead, including 11.3 m of 5.4 g/t Au, 62 g/t Ag, 3.2% Zn and 1.3% Pb, including 2.8 m of 10.4 g/t Au, 651 g/t Ag, 10.9% Zn and 3.7% Pb, including 1.0 m of 26.1 g/t Au, 619 g/t Ag, 10% Zn and 3.5% Pb, including 0.6 m of 31.7 g/t Au, 924 g/t Ag, 12.6% Zn and 3.7% Pb; 1.0 m of 13.4 g/t Au, 26 g/t Ag, 11.3% Zn and 8.4% Pb.
Hole GL21-024 returned 66 m of 1.36 g/t Au, 11 g/t Ag, 0.3% Zn and 0.2% Pb, including 3.3 m of 11.30 g/t Au, 12 g/t Ag, 1.9% Zn and 2.3% Pb, including 1.0One m of 29.10 g/t Au, 19 g/t Ag, 2.7 per cent Zn, 1.6 per cent Pb, including 0.5 m of 44.70 g/t Au, 24 g/t Ag, 4.3% Zn and 2.8% Pb.
Hole GL21-023 returned 1.2m of 10.9 g/t Au, 5.5 g/t Ag, 0.2 per cent Zn and 1.4% Pb.
"We were excited to see bands of base metal massive sulphides in our drilling this year at Golden Lion," commented Kevin Keough, President and CEO. "At the time the visuals suggested to us a potential increase in grade, which has been borne out by these results. The grades achieved in this round of drilling at GL1 Main are certainly the highest ever returned for precious and base metals and the latter, at the grades we're seeing, have the potential to contribute in a meaningful way to rock value. The results also point to considerable potential to build high-grade ounces, and high rock value, both near-surface and down dip, which historically was completely untested, as well as along adjacent areas of the major fault associated with the zone. Moving forward into 2022, we'll aim to increase our drillhole density to better understand controls on mineralization and expand the high-grade zones, to advance the GL1 Main prospect as quickly as possible."
The results of the 2020 and 2021 drilling highlight the strong potential at the GL1 Main zone for further exploration drilling, and for high-grade gold-silver mineralization. Beyond the obvious down-dip potential, another clear focus should be to test along trend to the north and northwest of drill holes GL21-023, 024 and 025, east of drill holes GL21-020, 021 and 022.