Evergold Corp. announced a Phase 1 drill program encompassing up to 2,100 metres, in follow-up to high-grade gold and silver intercepts delivered by the final 3 holes of the 2021 field season on the large GL1 Main Zone target, located on the Golden Lion property in the Toodoggone mining camp, north-central British Columbia, Canada. The 2021 drill results (see news, November 16, 2021), included the highest grades of gold and silver ever achieved in drilling at Golden Lion, including 31.7 g/t Au and 924 g/t Ag over 0.6 metres within 2.8 metres of 10.4 g/t Au and 651 g/t Ag, within 11.3 metres of 5.4 g/t Au and 62 g/t Ag in hole GL-21-025, and 3.3 metres of 11.30 g/t Au and 12 g/t Ag in hole GL-21-024. These high-grade intercepts were hosted within much broader envelopes of moderate-grade mineralization, including, for example, 40.3 metres of 2.0 g/t Au and 24 g/t Ag in hole GL-21-025.
Widely spaced, shallow angle holes (a single hole per pad) drilled by Newmont in 1984 on the core of the GL1 Main Zone returned broad intercepts of low to moderate-grade epithermal style alteration and mineralization from surface including, for example, 87.0 metres of 1.01 g/t Au from 10 to 97 metres in hole GL-84-20. The wide spacing of the Newmont holes, and the absence of undercuts to any of them, left ample exploration potential at depth, between the historical holes, and along strike. Drilling carried out by the Company in 2020 and 2021 also returned broad intercepts consistent with those achieved by Newmont including, for example, 88.62 metres of 0.71 g/t Au from 4.88 to 93.50 metres in hole GL-20-009. However, the final three holes of the 2021 program (GL-21-023, 024, 025), all drilled from the same pad, delivered the discovery of the first genuinely high-grade domain, coming to surface between historical drilling, and were the highest grades ever achieved in drilling on the property, including 2.8 metres of 10.4 g/t Au and 651 g/t Ag, within 11.3 metres of 5.4 g/t Au and 62 g/t Ag in hole GL-21-025, and 3.3 metres of 11.30 g/t Au and 12 g/t Ag within 66.0 metres of 1.36 g/t Au and 11 g/t Ag in hole GL-21-024. This new high-grade zone will form the focus for initial step-out drill holes in the approaching field season.