Evergold Gearing Up to Drill its Two Flagship Projects in Northern B.C. This Season
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NEWS RELEASE
Evergold Gearing Up to Drill its Two Flagship Projects in
Northern B.C. This Season
Toronto, Ontario – April 21, 2020 – 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 north ern 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.
To this end, personnel will be required to self-isolate and maintain social distancing for two weeks ahead of
the start of work. Moreover, immediately prior to traveling to site, each member of a crew will be required to
complete and attest to a questionnaire confirming the absence of symptoms such as fever and shortness of
breath, commonly associated with the COVID-19 virus. Additionally, a temperature check and “fast test” for
the presence of the virus using COVID-19 testing equipment supplied by Spartan Biosciences Inc. of Ottawa,
Ontario, will also be performed immediately prior to crew departure.
During transit to site by vehicle and/or helicopter, when crew members cannot adequately physically distance,
masks will be required. Crew sizes for all exploration activities will be limited to the minimum required
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personnel, and physical distancing will be required to be practiced during field operations. Additional
precautions will include hand sanitizer stations at staging areas and drill sites, and the regular disinfection of
“high-touch” areas. In order to decrease the frequency of crew changes and travel required, the Company is
also discussing with its contractors and the Ministry the possibility of extending personnel rotations beyond
the norm.
Quality Assurance and Quality Control
Andrew J. Mitchell, P.Geo., Vice President, Exploration for Evergold Corp. and a Qualified Person as defined
by NI 43-101, has reviewed and approved the technical information in this news release.
About Evergold
Evergold Corp. has been assembled by a team with a record of recent success in British Columbia, combining
four 100%-owned properties in prime geological real estate from one of BC’s best -known geologists, C.J.
(Charlie) Greig, with seasoned management and a qualified board. The Company’s flagship assets consist
of the 3,545 hectare Snoball property, located in the heart of BC’s famed Golden Triangle only 12 kilometres
off highway 37, where the Company believes it has located the source of a large, strong gold-silver anomaly
up-slope of previous work, and the 5,099 hectare Golden Lion property, located well to the east of Snoball in
similar Stikine terrane rocks, at the north end of the Toodoggone region, where multiple strong gold -silver-
copper targets have been outlined. The Company intends to carry out the first-ever drilling of selected targets
on both properties in the forthcoming 2020 field season.
Peak Investor Marketing Retained
The Company has retained the services of Peak Investor Marketing Corp. (“Peak”) on a month- to-month
basis to assist with marketing, communications and public relations. In consideration for these services, the
Company has granted Peak a monthly retainer of $10,000, and issued 100,000 stock options at an exercise
price of $0.20, vesting as to 25% on each of the 3, 6, 9 and 12-month anniversaries of the agreement.
For additional information, please contact:
Kevin M. Keough Andrew J. Mitchell
President and CEO Vice President, Exploration
Tel: (613) 622-1916 Tel: (604) 202-0508
www.evergoldcorp.ca www.evergoldcorp.ca
[email protected] [email protected]
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 news release.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "forward- looking statements" under applicable Canadian securities
legislation. 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 as disclosed under the heading "Risk Factors" described in the
Company’s Prospectus and elsewhere in the Company's filings with Canadian securities regulators. There
can be no assurance that such statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such st atements. Accordingly, readers should not place undue
reliance on forward- looking statements. 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 ot herwise,
other than as required by law.