First-Ever Drilling to Start on Evergold's Holy Cross Au-A Toronto, Ontario – October 4, 2022 – Evergold Corp. (“Evergold” or the “Company”) (TSX-V: EVER, OTC: EVGUF, WKN: A2PTHZ). The Company is pleased to report that geological staff have mobilized to the Company’s 100% owned Holy Cross gold-silver property, located in central B.C., in advance of fully-financed plans to carry out up to 2,500 metres of drilling. Drilling is expected to begin by mid-month and follows recent geophysical and soil geochemical surveys that have helped to define drill targets.
“The Holy Cross property has the potential to host a significant discovery,” said Kevin Keough, President & CEO. “Mining majors Noranda and Phelps Dodge were attracted to it in their day for its large-scale alteration and geochemical anomalies. We like it too and – crucially – we’ll be the first to drill it. Beyond its geological merits, Holy Cross has several key access, infrastructure and topographic advantages, namely: drive-on access, a new powerline under construction crossing Holy Cross to Artemis Gold’s 12 million ounce Blackwater deposit to the south of us, and moderate topography allowing for potential year-round drilling and news flow.”
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