Evergold Corp. · TSXV:EVER
Evergold — Investor Presentation (August 2023)
23 slides from Evergold's investor presentation, Aug 2, 2023
Slide 1: New Discoveries Will Be Rewarded. DEM
August 2, 2023 New Discoveries Will Be Rewarded. On August 2nd Evergold announced that it has signed an Option Agreement* for an exceptionally strong new prospect: DEM * Terms and conditions / next steps, see slides 17 through 19. The Option Agreement is a non-arms-length transaction that remains su
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements included in this presentation constitute forward-looking statements, including those identified by the words “proposed”, “will”, anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar words and expressions to the exte
Slide 3: DEM Snapshot
DEM Snapshot From the team that brought you GT Gold and the Saddle Cu-Au discoveries, sold to Newmont in 2021 for a fully diluted value of $456 million – a 1,136% (12.4 X) return on exploration outlays of $36.9 M Presenting the exceptional DEM Au-Ag-Cu drill prospect, previously held privately,
Slide 4: DEM Location
DEM Location in the Context of Major B.C. Porphyry Deposits and Geological Terranes KEY Pacific Ocean USA
Slide 5: DEM Tenures
DEM Tenures 10,451 hectares Drive-on access, 40 kms northwest of DEM Target Fort St. James, B.C.
Slide 6: Historical Work
Historical Work Attention was first drawn to DEM by strong, linear, multi-element Au-Ag-Cu-Zn-Pb-As soil geochemical anomalies developed in 1991 by Noranda, associated with a limited area of volcanic and sedimentary outcrop intruded by high-level porphyritic dykes, located on a local topographic h
Slide 7: Conceptual Target
Conceptual Target A Shallowly Buried Porphyry Intrusion With Overlying High-Grade Veins WEST Viewed Due North, To Scale EAST DEM topographic high High-level veins in volcano-sedimentary package above shallowly buried intrusive Shallowly buried intrusive cross cut by porphyritic dykes and feeder stru
Slide 8: Recent Work
Recent Work In 2016 and 2017 well known geologist C.J. Greig and geophysicist Alex Walcott added to the historical geochemical data with high resolution magnetic and deep-looking Induced Polarization (IP) surveys, followed by a gridded soil sampling program in 2021 The results were impressive, r
Slide 9: Strong Soil Geochemistry on a Low Hill Amid Dense Cover and Swamp
Strong Soil Geochemistry on a Low Hill Amid Dense Cover and Swamp Shown are the core area claims only Central topographic high with coincident Cu, Au, Ag, As, Zn, Pb soil anomalies, surrounded by swampy ground and dense cover. Highs in soils to 2.1 ppm Au, 160 ppm Ag, 0.5% Pb, 0.41% Zn, 0.76% As, 65
Slide 10: Plus: Large-Scale Magnetic Anomaly
Plus: Large-Scale Magnetic Anomaly Total Magnetic Intensity (TMI) Postulated intrusive Intrusive feeder? 1 km
Slide 11: Plus: Direct Association of Strong Soil Geochemistry with Large Magnetic Anomaly
Plus: Direct Association of Strong Soil Geochemistry with Large Magnetic Anomaly Shown are the core area claims only
Slide 12: Plus: Exceptionally Intense IP Chargeability
Plus: Exceptionally Intense IP Chargeability A very high-order IP chargeability anomaly (mV/V > 50) underlies the soil geochemical anomalies The intense IP chargeability points to the presence of mineralization (i.e., sulphides). The anomaly is broad, and it runs to depth. It is therefore not a
Slide 13: Exceptionally Intense, Broad, Deep Running IP Chargeability
Exceptionally Intense, Broad, Deep Running IP Chargeability WEST EAST IP Line 68200 200 metres values to >50 mV/V IP line 68000 200 metres
Slide 14: Strong IP Resistivity
Strong IP Resistivity The strength of the DEM target is further underscored by a strong IP resistivity anomaly (i.e. > 1,000 Ohm/m) flanking the IP chargeability and also broadening and strengthening with depth High IP resistivity values are a good proxy for silicification – another important al
Slide 15: Strong IP Resistivity
Strong IP Resistivity WEST EAST Line 68200 Resistivity flanking chargeability Line 68000
Slide 16: Interpretation
Interpretation The combined geochemical and geophysical datasets suggest DEM represents a large scale, shallowly buried porphyry system offering the potential for both high-grade vein and bulk tonnage styles of mineralization We interpret that the mineralized system has not been eroded to a sign
Slide 17: Option Agreement Terms
Option Agreement Terms • Constitutes a related party transaction within the meaning of TSXV Policy 5.9 • The related parties (Optionors) are C.J. Greig, the Company’s Chief Exploration Officer and a Director, and Alexander Walcott, a Director of the Company • The Agreement gives Evergold the right t
Slide 18: Option Agreement Payment Schedule
Option Agreement Payment Schedule Schedule of Cash Payments: Date Payment On signing $5,000 By the first anniversary or start-up of drilling, whichever comes first $125,000 On the first anniversary $100,000 On the second anniversary $150,000 On the third anniversary $100,000 On the fourth anniversar
Slide 19: Next Steps
Next Steps • The Option Agreement remains subject to receipt of all necessary regulatory and other approvals, including the final approval of the TSXV. Closing is conditional upon the following steps: 1. Because of the related party nature of the transaction, a NI 43-101 Technical Report is required
Slide 20: Exploration Plans
Exploration Plans • A 5-year MYAB (Multi-Year, Area-Based) exploration permit allowing for as many as 50 drill sites is expected to be received for the DEM prospect in the very near future • The Company anticipates an initial phase of drilling to test the coincident, very high-order IP chargeability
Slide 21: Exploration Plans
Exploration Plans Conceptual phase 1 drilling on 1VD magnetics – est. 4 holes, 1,000 metres PDHs DEM 23-01/02 PDHs DEM 23-03/04 1 km
Slide 22: Exploration Plans
Exploration Plans Conceptual Phase 1 drilling on IP chargeability Line 68200 PDHs DEM 23-01/02 TD 200 m WEST TD 300 m EAST Line 68000 PDHs DEM 23-03/04 TD 200 m TD 300 m
Slide 23: DEM
DEM Near-term discovery potential. Success Will be Rewarded.