Evergold Corp V.EVER

Evergold Receives Drill Permit

[Betteryear2]

TORONTO, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Evergold Corp. (TSX-V: EVER, OTC: EVGUF, WKN: A2PTHZ) (“Evergold” or the “Company”) is pleased to report that a detailed Plan of Operations has been approved, and a drill permit received, for its road-accessible Rockland gold-silver property, located in the Walker Lane trend of western Nevada (Figure 1). The permit approves 33 drill sites and up to 165 drill holes in the eastern half of the property, covering the 800 metre long Rockland East gold zone and nearby targets (Figures 2 and 3) which, along with the minimum 900X1500 metre area of exposed and altered rocks near the upper limit of the Mason Valley pediment, is believed to represent the upper levels of a high-grade epithermal vein system preserved as a result of down-dropping on range-front faults. As cited below, impressively long intercepts were delivered by the historical discovery holes into the Rockland East gold zone, with key holes stopping in their best mineralization, and highest grades, only due to a shortage of drill steel.

Evergold Receives Drill Permit for Rockland Gold-Silver Project, Walker Lane Trend, Nevada