• Evergold (TSXV:EVER) has revealed its upcoming exploration work at the Snoball and Golden Lion properties in north-western British Columbia
  • At Snoball, the phase one drilling program is budgeted for 2,400 metres of work throughout the summer, and will drill the apex of the Pyramid Peak deposit
  • Drilling will drop down 300 metres into the mountain and across a base diameter of 500 metres
  • At Golden Lion, another work crew will be conducting archaeological, geological, geophysical and geochemical work
  • Evergold Gold (EVER) is down 2.2 per cent and is trading at C$0.88 per share 

Evergold (TSXV:EVER) has revealed its upcoming exploration work at the Snoball and Golden Lion properties in north-western British Columbia.

The properties are both located in the golden triangle, and Evergold is running exploration programs on both properties.

The company has begun drilling at Snoball on June 30. The phase one drilling program is budgeted for 2,400 metres of work throughout the summer and will drill the apex of the Pyramid Peak deposit.

Pyramid Peak is a heli-assisted drill pad, sitting atop the peak of Pyramid mountain. The drilling will drop down 300 metres into the mountain, and across a base diameter of 500 metres.

The program will involve hub and spoke drilling, as the company slaloms its way through the mountain.

Pyramid Peak has thus far never been drilled, and Evergold has determined the peak as the primary source of several gold and silver anomalies located throughout the valley surrounding the mountain.

These anomalies were first identified by Noranda mining in the early 1990’s. Evergold began searching for the source of these in 2016, when sampling returned 39 gold samples average 0.718 grams per tonne.

There was however one standout single high-grade sample of 25.1 grams per tonne gold, showing a high-grade gold vein may exist somewhere in the area.

At Golden Lion, another work crew will be conducting archaeological, geological, geophysical and geochemical work.

The archaeological and camp work has been completed, with the geological work to commence on July 6.

following this work, the company will begin another 2,400 metres of drilling work, focused on several targets within 3 distinct target areas.

Drilling is expected to commence on July 25 this year.

Evergold Corp (EVER) is down 2.2 per cent and is trading at C$0.88 per share at 10:30 pm EDT. 

More From The Market Online

Three undervalued mining stocks trading at all-time-lows

Value investors new to mining stocks might be surprised to know that high-potential opportunities might appear as if they're worth avoiding.
Star Diamond - Notable stones from the Star Orion South diamond project.

Star Diamond appoints permanent CEO

Star Diamond (TSX:DIAM) has named Ewan Mason as president and chief executive officer, after serving on an interim basis since January 2023.
Brian Mulroney and wife, Mila Mulroney

Former PM Brian Mulroney remembered for impact on Canadian business

Brian Mulroney, Canada's 18th prime minister who passed away at 84 on Thursday, is being remembered for his impact on Canadian business.

Q2 Metals stock soars on Cisco Lithium Property acquisition

Q2 Metals shares received a boost after announcing it will be acquiring a 100 per cent interest in the Cisco Lithium Property.