Evergold Corp says Magnetic Survey identifies new large target at DEM Property
Vancouver, Canada
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February 28, 2024 07:20 AM Eastern Standard Time
Evergold Corp's CEO Kevin Keough joined Steve Darling from Proactive to provide and update regarding recent developments on the DEM property in central British Columbia.
He announced the completion of a high-resolution heliborne magnetic survey, which revealed a significant new target, designated as DEM2. This newly identified target shares similarities in scale and geophysical characteristics with the DEM1 porphyry prospect.
According to Keough, DEM2 is situated approximately 4 kilometers southeast of the DEM1 target, separated by a granitic intrusion. The decision to conduct the survey followed a successful 3-hole reconnaissance drill program carried out late last year on the DEM1 prospect.
This program targeted a multi-element geochemical anomaly in soils overlaying strong magnetic, IP chargeability, and resistivity anomalies.
The company plans to provide further details on its plans for the 2024 field season, which may include drilling activities to follow up on the results obtained from the previous drill program conducted last fall. This demonstrates Evergold Corp's commitment to advancing exploration efforts and potentially unlocking the mineral potential of the DEM property.
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Proactive Canada
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