Evergold - DEM1 Prospect, B.C.
We Have a Terrific Incipient Discovery That Demands Immediate Follow-up Drilling
May 11, 2024
Our Team Has Done This Before and We Believe We Can Do It Again
GT Gold / Saddle Porphyry Prospect, BC, 2017:
- We found the high-grade vein system first, on our 8th hole
- Then, late in the season, we found the massive associated Cu-Au porphyry
- Sold all to Newmont in 2021 for $456 million, a 12.4X return on exploration outlays of $36.9 million
By Comparison - DEM1 Prospect1
- Just 3 reconnaissance holes and 947 metres to date
- We believe the DEM1 system is capable of delivering much better results than those seen so far
1 Earning to 100% on entire DEM property. For details see slide 27 below, news August 2, 2023 and NI 43-101
technical report dated August 30, 2023, available under the Company's profile on SEDAR+ and from the Company
website at www.evergoldcorp.ca
Forward-Looking Statements
Certain statements included in this presentation constitute forward-looking statements, including those identified by the words "proposed", "will", anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar words and expressions to the extent they relate to Evergold Corp. (the "Company") or its management. The forward-looking statements are not historical facts and are based on current expectations and various estimates, factors and assumptions. They therefore involve known and unknown risks, uncertainties and other factors. Any forward-looking statements represent the Company's estimates only as of the date of this presentation and should not be relied upon as representing the Company's estimates as of any subsequent date.
Readers should not place undue reliance on the Company's forward-looking statements, as the Company's actual results, performance or achievements may differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements if known or unknown risks, uncertainties or other factors affect the Company's business, or if the Company's estimates or assumptions prove inaccurate. Therefore, the Company cannot provide any assurance that such forward-looking statements will materialize. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Factors that could cause actual results, performance or achievements to differ materially include, but are not limited to: risks associated with the highly variable and uncertain nature of geology, the weather, the fact the Company has limited financial resources, loses money, cannot generate earnings nor pay dividends and will continue to be in this loss-making position for the foreseeable future; is entirely dependent upon debt or equity financing sourced from investors to finance its operations and has an uncertain ability to raise additional funds when required; relies on a small number of key managers who lack backup and may not be able to secure key contract personnel and services providers needed to execute it plans; may not be able to secure exploration permits; First Nations risks; and risks associated with general economic conditions, fluctuating metal prices, credit market conditions and investor risk appetite.
Management provides forward-looking statements because they believe such statements deliver useful guidance and information to readers when considering their investment objectives. Though management believes such statements to be as accurate as possible in the context of the information available to management at the time in which they are made, management cautions readers that the guidance and information contained in such statements may rapidly be superseded by subsequent events. Consequently, all forward-looking statements are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments suggested by such forward-looking statements will be realized or, even if substantially realized, that they will have the expected results, or effects upon, the Company. These forward-looking statements are made as of the date of this presentation and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law.
Evergold's Qualified Person as defined by National Instrument 43-101 is Charles J. Greig, M.Sc., P.Geo. Mr. Greig has reviewed and approved the technical information in this presentation.
This is What
We Have:
- A large (12,728 ha.) ideally located property in central B.C. with drive-on access and numerous untested targets
- We're unfolding an incipient precious and strategic metals discovery at the DEM1 porphyry prospect
February 2024
Magnetic Survey
- Great location in central BC, road accessible, 12,728 hectares
Pacific Ocean
DEM Location
in the Context of Major B.C.
Porphyry Deposits and
Geological Terranes
KEY
USA
At DEM1 We're Hunting For:
A Cu-Au++ Porphyry Intrusion and Related Vein Systems
WEST | Viewed Due North, Approximately to Scale | EAST |
"DEM Halo" topographic high | High-level veins in volcano-sedimentary | |
package above shallowly buried intrusive |
Shallowly buried intrusive cross cut by porphyritic dykes and feeder structures
2 kms
In a Tiny First-Ever3-Hole
Reconnaissance Drill Program Last
Fall We Found Botha Broad Vein
System and a First Mineralized
Porphyrytic Intrusive
We Drilled the DEM1 Geochemical Trend Target, But the
Anomalous Area is Much Larger
Initial Geochemical
Trend Target
The Reconnaissance Holes Were Drilled Here
2 pads, 3 holes, 947 metres, Oct.-Nov 2023
DEM1 Target Area on Total Magnetic Intensity
DEM 23-01 & 02
DEM23-03
1 km
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Disclaimer
Evergold Corp. published this content on 13 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 May 2024 15:00:06 UTC.