Figure 1
Plan View of C Zone Drilling and Geochemistry
Plan View of C Zone Drilling and Geochemistry
TORONTO, March 08, 2021 (GLOBE NEWSWIRE) -- Evergold Corp. (“Evergold” or the “Company”) (TSX-V: EVER; WKN: A2PTHZ) is pleased to announce widespread strong and locally very high-grade gold and silver values from rock and talus fines sampling of what is now designated the “C Zone” at Pyramid Peak on its Snoball Property, northwest British Columbia, Canada. The Company is also pleased to announce long-delayed assays for the final hole of the 2020 Snoball drill campaign, SB20-013, which returned a high-grade gold intercept, 18.40 g/t Au and 5.63 g/t Ag over 1.60 metres, reinforcing the pattern of high-grade gold-silver intercepts established by early drill results delivered in 2020. All drilling in 2020 was carried out from the Apex drill pad, located on top of Pyramid Peak, and most holes were drilled to the southwest (Figure 1).
Significant C Zone Drilling Results: (Note: previously released results are indicated with an asterisk(*). Widths reported are drilled core lengths).
| | | and
and
and
and | 5.63 g/t Ag
54.54 g/t Ag
54.24 g/t Ag
4.51 g/t Ag | over 1.60 metres from 130.00 metres in hole SB20-013
over 0.70 metres from 134.30 metres in hole SB20-006
over 1.44 metres from 47.75 metres in hole SB20-005
over 1.50 metres from 33.00 metres in hole SB20-002 |
Significant C Zone Rock Sampling Results: (Note: previously released results are indicated with an asterisk(*). Readers should note that rock grab samples are by their nature selective and not necessarily representative of the overall C Zone mineralization).
| | | and
and
and
and
and
and
and
and
and | 309.00 g/t Ag
750.00 g/t Ag
141.00 g/t Ag
43.75 g/t Ag
48.47 g/t Ag
63.79 g/t Ag
81.58 g/t Ag
40.73 g/t Ag
1080 g/t Ag | (sample #SBRX-03)
(sample #SBRX-04)
(sample #SB20DBR05)
(sample #SB20TPR18)
(sample #SB20TPR027)
(sample #SBRX-07)
(sample #SB20DBR11)
(sample #SB20TPR26)
(sample #CGSN016R) |
Significant New C Zone Talus Fines Sampling Results: (Readers should note that talus fines samples may not be representative of overall C Zone mineralization due to enrichment by weathering).
| | | and
and
and
and
and | 53.83 g/t Ag
77.20 g/t Ag
125.00 g/t Ag
70.57 g/t Ag
17.55 g/t Ag | (sample #SB20MGB14)
(sample #SB20MGB15)
(sample #SB20MGD17)
(sample #SB20MGD19)
(sample #SB20MGD02) |
“The C Zone has really blossomed as a prospect with the additional sampling and prospecting work we carried out in September last year, following wrap-up of the Phase 1 drill program,” said Kevin Keough, President & CEO. “It is a high-grade prospect hosting the style of gold and silver-enriched veining that established the early reputation of the Golden Triangle. The high, mountain-top elevation of the discovery suggests our early drilling may have just caught the top of the system. Some of the proceeds of our recently closed $8 million financing will be allocated to doing the exciting work of further unfolding this early-stage discovery in the pending field season, commencing in July when the snow up high has largely melted and the weather has improved. Prior to that we’ll be getting going at our Golden Lion prospect, where we have a camp already in place, more moderate terrain, a lower snow load, and another large-scale gold-silver system to advance.”
Updated modeling of the latest mapping, rock sampling, talus fines and drill results, combined with previously announced results, suggests the C Zone is a broad, SW-NE trending, southwesterly-plunging epithermal-style vein system likely encompassing several variably oriented vein sets. The Apex pad was located at the northeastern extremity of the C Zone, and the majority of holes in 2020 appear to have been drilled parallel or sub-parallel to, and likely beneath, the plunge of the higher-grade core, or shoot, of the zone. As such the plan for the pending 2021 drill program is to drill holes to the southwest of the Apex pad, and perpendicular to the interpreted trend and plunge of the zone, chasing the zone down-plunge to the southwest, where rock and talus fines sampling of the rubbly-weathering and oxidized zone suggest the tenor of the mineralized system may be increasing. In addition, on-the-ground follow-up is planned for the possible southwestern plunge extent of the zone evident in strongly elevated historical Au and As values downslope in that direction for a minimum of 500 metres.
Financing Closed February 23, 2018