Evergold Gearing Up to Drill its Two Flagship Projects in Northern B.C. This Season

TORONTO, April 21, 2020 (GLOBE NEWSWIRE) -- Evergold Corp. (TSXV: EVER) (“Evergold” or the “Company”), is pleased to report that work initiated some ten days ago on the bridges along the access road leading toward its Golden Lion property in northern British Columbia, Canada, is expected to conclude late this week.  The work is being carried out by contractors from the Tsay Keh Dene and Kwadacha First Nations with financial support from a consortium of industry participants including the Company, along with the B.C. Government.

“We are preparing to drill both our flagship properties, Golden Lion and Snoball, this field season,” said Kevin Keough, President & CEO. “Among the factors that provide us with confidence in our ability to execute, COVID-19 notwithstanding, is the expeditious manner in which these bridge repairs are being carried out. Moreover, B.C. Solicitor General Mike Farnworth has designated mineral exploration and development an “essential service” under COVID-19 State of Emergency orders, and the province as a whole has really managed to flatten the pandemic curve.  We now also have drill permits in hand for both our Snoball and Golden Lion properties, and ample funds following our successful $3.45 million initial public offering last fall. Lastly, all of our key suppliers are located relatively close to site in northern and central interior B.C. In sum, all the key elements are in place for a season of discovery success, and we’re really looking forward to getting the drills turning.”    

Field work at Golden Lion is scheduled to commence in late May with baseline environmental work, to be followed about mid June, subject to snow conditions, by geophysical, geochemical and geological programs to refine drill targets. Drilling will then start in the latter half of July. At Snoball, where key drill pads are already in place, field work will commence about mid June, also subject to snow conditions, to be followed shortly thereafter by drilling.

Details of the Company’s plans and properties may be found in the prospectus and two NI 43-101 technical reports filed to SEDAR in support of the Company’s IPO and listing on the TSXV, which closed October 4, 2019.  The technical reports are also available from the Company’s website at www.evergoldcorp.ca. 

COVID-19 mitigation plans and protocols

The Company understands that the isolated First Nation communities of northern British Columbia are at particular risk from the COVID-19 pandemic.  Fortunately, neither the Golden Lion nor the Snoball properties are located anywhere near communities, and travel to them is for the most part through remote, unpopulated country. Regardless, for the safety of all involved, virus mitigation protocols – for both Evergold personnel and contractors - will emphasize firstly ensuring that field crew personnel are free of the virus prior to traveling to exploration sites and, once there, that physical distancing and other mitigation measures are enforced.