Evergold Corp. reported that geological staff have mobilized to the Company's 100% owned Holy Cross gold- silver property, located in central B.C., in advance of fully-financed plans to carry out up to 2,500 metres of drilling. Drilling is expected to begin by mid-month and follows recent geophysical and soil geochemical surveys that have helped to define drill targets.

About the Holy Cross Property Readers are referred to the Company's August 4, 2022 news release for a more fulsome discussion, including a geochemical plan view, a preliminary geophysical target section view, and interpreted deposit model. The Holy Cross property hosts a very extensive, highly anomalous silver-in-soil geochemical anomaly along with other gold-in-soil pathfinder elements which lie along a NW trend coincident with variably but commonly intensely silicified and pyritized rhyolite bodies, locally hosting veining. Gridded silver-in-soil values run from trace to highs of 19.4 g/t Ag in Company sampling and highs to 36.5 g/t Ag in sampling by Phelps Dodge, with gold-in-soil values ranging from trace to 719 ppb Au in Company sampling and highs to 2,912 ppb Au in sampling by Phelps Dodge.

Grab sample assays, although not necessarily representative of mineralization on the property, run to highs of 8.86 g/t Au in sampling by the Company, to 26.02 g/t Au in sampling by Noranda, and to 50.0 g/t Ag in sampling by Phelps Dodge. The Company interprets the observed widespread surface Au-Ag and pathfinder element anomalism, and siliceous-pyritic and clay alteration as representing the upper levels of a potentially intact felsic intrusion-related, low sulphidation, epithermal gold-silver system, with the higher-grade parts of the system lying at depth. Testing this theory by targeting attractive geophysical anomalies occurring down-dip or down-plunge of the best soil geochemical anomalies will be the focus of the approaching drill program.