Evergold Corp. reported assays for initial batches of core from a small reconnaissance drill program completed in late fall 2023 at the large new DEM prospect in central B.C. Assays show broad intercepts of precious metals (gold, silver) encompassing, locally, narrow intercepts of high-grade precious and, notably, high-grade /high value strategic metals (molybdenum, cobalt, tungsten), from two drill pads spaced some 400 metres apart. Additional assays are pending for all 3 holes.

The high-grade intercepts include a first porphyry-hosted intercept: high-grade (0.82% Mo) molybdenum with associated gold (1.2 g/t), rhenium (3.7 g/t) and silver-enriched (8 g/t) sulphides from veining within high-K porphyry intrusive from 299 to 301 metres in hole DEM23-02. Including: high-grade tungsten and high-grade silver: 0.32% W, 155 g/t Ag, 5 ppm Te, 11,850 As from 131 to 132 metres DEM23-02: First intercept of high-grade porphyry intrusive: high-grade molybdenum (0.82%), with associated gold (1. 2 g/t), silver (8 g/t), rhenia (3.7 g/T) and arsenic (2,340 ppm), from 299 to 300 metres. Assays of remainder of hole pending.

Two holes (DEM23-01 & 02) were drilled due east from a first pad, and a single hole (DEM23-03) was drilled due west from a second almost 400 metres southeast. The holes were targeted on one prominent magnetic high. Sulphosalts are also commonly observed.

High-grade precious metals, cobalt and tungsten values are localized to the best developed parts of the vein system, particularly the massive sulphide sections, whereas the molybdenum, although present at elevated levels generally throughout the vein system, achieves high grades within a single narrow porphyritic intrusive (dyke) intercepted from 299 to 301 metres in DEM23-02, where it is accompanied by elevated rhenium, gold and silver and the suite of elements characterizing other parts of the DEM mineralizing system. Intriguingly, this dyke may represent an apophysis (projecting finger) off a larger body of porphyry-style mineralization nearby. Although the IP survey did not extend to the depth of the best of the DEM23-03 intercept.