Evergold provides Exploration Update from Golden Lion Project in Toodoggone, British Columbia
Evergold’s Golden Lion project confirms structural dip as exploration ramps up and assays remain pending.
Evergold Corp. (EVER) is continuing diamond drilling operations at the Golden Lion Main Zone (GL1) in British Columbia. The company has completed six holes totaling 1,400 meters from two pads, with 10 to 12 additional holes remaining. All completed holes have returned abundant base metal sulphide-bearing veining consistent with known gold-silver mineralization. Assay results are expected to be released once received.
High-resolution drone magnetic and LiDAR surveys have helped refine drill targets. An updated geological interpretation confirms that the GL1 mineralized zone dips moderately to steeply northeast, an orientation that was not fully appreciated in previous drilling.
On the northern Copper King property, grassroots geological mapping, prospecting, and contour soil geochemical sampling have been initiated. Airborne MobileMT survey data is being integrated with historical geochemical and geological data to identify previously unrecognized mineralizing systems. Evergold’s property tenure now exceeds 12,500 hectares, including recently acquired inlying Copper King claims.
Evergold Corp. (EVER) released an update on July 29, 2026, marking a standard progression of the 4,000-meter drilling program announced in early July 2026. The company has completed 1,400 meters, representing approximately 35% of the planned program, with encouraging visual sulphide indications that align with management's exploration timeline.
An updated geological model, characterized by a moderate to steep northeast dip, serves as a technical refinement that could extend the strike and down-dip potential of the GL1 zone. However, this interpretation remains unverified until assay results are published. The current release contains no assay data, meaning the market cannot yet price in grade or tonnage implications. The news is incremental and execution-focused, confirming that the company is advancing its flagship project as planned without delivering a material step-change in valuation yet.
Evergold Corp. is a junior exploration company focused on its 100%-owned Golden Lion Project in the Toodoggone District of north-central British Columbia. The property spans over 12,500 hectares and targets gold, silver, and copper mineralization. The flagship GL1 Main Zone is a near-surface, precious metals-rich, base-metals-bearing, low-to-intermediate-sulphidation epithermal system.
Historical drilling by Newmont between 1982 and 1984 totaled 2,475 meters, while Evergold's prior work from 2019 to 2021 totaled 4,825 meters. Best historical intercepts include:
- 66 meters of 1.36 g/t Au and 11 g/t Ag
- 11.3 meters of 5.4 g/t Au and 62 g/t Ag
The northern Copper King area presents porphyry copper-gold potential, with historical sampling showing high copper grades and recent soil geochemistry indicating strong anomalies.