Evergold Corp (EVER) - $8M Raise to Chase High-Grade Gold & Silver

Interview with Kevin M. Keough, President & CEO of Evergold Corp. (TSX-V:EVER)

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Our previous interview:    • Evergold (EVER) -  Pass that by me on...  

Evergold Corp. TSXV: EVER is a British Columbia-focused mineral exploration company that was founded in late 2015. The company consists of four fully-owned properties from C.J. (Charlie) Greig, a renowned geologist based out of British Columbia. Evergold Corp. is primarily a Gold and Silver exploration company and they have also found reserves of Copper during their exploration at the Saddle Gold site.

The company was established by Mr Charlie Greig and the exploration is being led by Mr Kevin Keough. The team has is responsible for discover-ing major discoveries including the 16 million ounces 'Saddle' gold-cop-per discovery in northwest B.C. The company went public in late 2019 and its flagship assets include the SnoBall and Golden Lion. Their GT Gold Saddle discovery began in 2017, which was recently acquired by Newmont.

The SnoBall project is located in British Columbia's Golden Triangle region, while the Golden Lion is situated in the Toodoggone region of British Columbia. The Snoball project is a challenging terrain as it's located on a mountain top. The weather conditions are adverse, which leads to a drop in levels of productivity, however, the company's track record has been strong with challenging mining operations.

During their Saddle GT project, the company delivered promising results during phase 1 and this resulted in healthy financing options for phase 2.

The Golden Lion property has shown the prevalence of 100 meters broad and 500 meters long gold-silver bearing epithermal vein zone which features bulk tonnage-style grades near the surface. The company has allocated $1.5 million each to their flagship projects which are expected for a 2,500m drill.

They also started operations in Nevada called Rockland. this property features strong reserves of Arsenic and Antimony along with trace elements of Gold, Silver, and Halo. The company has allocated $400,000 funding for this exploration project as the early analysis has shown promising samples below the surface.

These three properties primarily feature epithermal systems which feature high-grade Gold and Silver.

They are currently equipped with a 33% institutional ownership, which is rare for a micro-cap company in its early stages. The company has successfully executed phase 1 of its flagship projects and is currently looking to jumpstart phase 2.

Evergold Corp. plans to start drilling on the Golden Lion project by June 15th, 2021. The next step would be to drill and explore the Snoball site by 25th July 2021.

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0:00 - Introduction
2:05 - Company Overview
3:02 - Back at the Beginning: Journey, Challenges, & Lessons Learned
9:35 - Solutions Going Forward & Turning the Story Around
12:56 - Run to or Run Away: Plan for Unlocking the Opportunity
19:57 - The Financials: Cash Position, Burn Rate, & G&A
21:25 - Time for Change: Exciting the Market & Getting Noticed
27:12 - Good Results VS Hyped-up Air: Why Invest in Evergold?
34:09 - Drill Program Timeline & Expectations for 2021

Company page: https://www.evergoldcorp.ca/

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