TORONTO, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Evergold Corp. (“Evergold” or the “Company”) (TSX-V: EVER, OTC: EVGUF, WKN:A2PTHZ). The Company is pleased to announce that C.J. “Charlie” Greig, P.Geo, this year’s recipient of the Prospectors and Developers Association of Canada’s Bill Dennis Exploration Award, has assumed the role of Chief Exploration Officer for the Company and has been appointed to the Board of Directors. The new roles formalize the significant contribution and commitment Mr. Greig brings to the exploration and technical direction of Evergold.
“We are very pleased to formalize Charlie’s role and contribution to Evergold with these appointments,” said Kevin Keough, President & CEO. “Charlie is a co-founder of Evergold, having contributed several of his best property assets to the Company in exchange for equity, and since that time applying his wealth of technical expertise and exploration experience to their advancement. As such he remains, with management, highly motivated to see Evergold succeed, to which end he is taking the exploration lead on our exciting forthcoming Holy Cross, B.C. drill program, as well as overseeing our return next season to our high-grade discovery at the GL1 Main Zone on our Golden Lion, B.C. property, and finalizing drill targets at Rockland, Nevada.”
Commenting, Charlie Greig said: “I am excited to formally join Evergold and, in particular, to be involved in the first-ever drill-test of the Holy Cross property, which in the past attracted the attention of major mining companies including Noranda and Phelps Dodge, yet to date has never seen a drill. The Company is in the final phases of systematic, on-the-ground geophysical, geochemical, and geological fieldwork at Holy Cross, which I first staked nearly a decade ago. The property hosts epithermal low sulphidation-style Au-Ag mineralization and widespread silicification and pyrite alteration in a system associated with rhyolitic rocks and with extensive silver, gold and multi-element gold-pathfinder soil geochemical anomalies (e.g., Bi, Te, Sb, Hg, Th, Cu, Pb, As, Mo). Near surface, the system also coincides with Induced Polarization geophysical anomalies, which represent attractive depth targets.”
Board and Officer Changes
Charlie replaces Bernice Greig, LLB, who is stepping down after 3 years of service as a director for Evergold. The Company also reports Andrew Mitchell has stepped down from his position of Vice President, Exploration to pursue his own business venture, Junior Mining Hub, a company that he founded and operates. Readers may view more about the Holy Cross project on Junior Mining Hub at: https://map.juniormininghub.com?gid=206&modal=project_summary.
About Evergold
Evergold Corp. is a Canadian explorer focused on precious metals projects in B.C. (Golden Lion, Holy Cross), and Nevada (Rockland). Company management is proven, with a track record of exploration success, most recently the establishment of GT Gold Corp. in 2016 and the discovery of the Saddle South epithermal vein and Saddle North porphyry copper-gold deposits near Iskut B.C. GT Gold was acquired in 2021 by Newmont Corporation. All three of the Company’s priority projects host epithermal gold-silver systems. Holy Cross will be drilled for the first time in October this year. Golden Lion hosts a long, broad near-surface gold-silver zone, within which the Company discovered the first high-grade domain in the last three drill holes of the 2021 season. Follow-up drilling is now anticipated for the 2023 field season. At Rockland, work by the Company this year has revealed tantalizing new geophysical targets associated with geochemical anomalies and known gold zones which offer excellent potential for strong drill results, including high-grades, when drilling gets underway in 2023. A drill permit for Rockland is anticipated in the near future.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restrictions on labour and international travel and supply chains, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
