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Evergold Commences Fieldwork on DEM Property, Central B.C.
TORONTO, June 26, 2024 (GLOBE NEWSWIRE) -- Evergold Corp. (TSX-V: EVER, WKN: A2PTHZ) (“Evergold” or the “Company”) is pleased to announce the launch of this sea
About this update from Evergold Corp.
[{"type":"text","content":" TORONTO, June 26, 2024 (GLOBE NEWSWIRE) -- Evergold Corp. (TSX-V: EVER, WKN: A2PTHZ) (“Evergold” or the “Company”) is pleased to announce the launch of this season’s field program on the Company’s road-accessible DEM precious and strategic metals prospect, located in central B.C. some 40 kilometres northwest of Fort St. James. The program gets underway this week with prospecting and ground-truthing of the DEM1 and DEM2 target areas and, in July and August, additional field work including geophysics, mapping and sampling in preparation for follow-up drilling at the DEM1 target, anticipated for September. The DEM1 prospect continues to look compelling. A key target for follow-up drilling this season is located between the two widely-spaced pads from the fall 2023 program, where a strong CSAMT resistivity low anomaly on line 68000 N is coincident with a very strong IP chargeability anomaly, as shown on the Figure 1 section view, below. A plan view of the same CSAMT target (designated Feature “A” on Figure 2 below) shows last season’s two pads and three reconnaissance drill holes (results, see news January 15, 2024) immediately lateral to Feature A, along with an emerging Feature “B” to the southeast. A Voxel model of the CSAMT results (Figure 3) shows both Features A & B extending to depth. The combined geophysical datasets and the results of last fall’s drilling and historical geochemical sampling strongly suggest that these features represent near-vertical zones of sulphide-rich rock which extend from surface to a depth of several hundred metres or more. At the DEM2 prospect, a specific area of interest has been identified from magnetic, topographic and geochemical surveys, located within the small catchment area of an unnamed lake. The latter hosts a molybdenum-copper-cobalt anomaly in lake sediments stronger than any others in the area, including that which led to the discovery of the DEM1 prospect. “The DEM1 target continues to look terrific and DEM2 tantalizing for its early apparent similarities, at least in terms of geophysics, to DEM1”, said Kevin Keough, President & Chief Executive Officer. “Last season’s drilling demonstrated that the DEM1 system is richly mineralized and hosts an array of sulphides and valuable metals, both precious and strategic. This year’s geophysics has reveale...