Large Near-Surface Gold-Silver Project, But Why Did Others Walk Away? | Evergold CEO Interview

**Antonio** (0:00)
This video is sponsored by Terrahutton, who makes the invisible, investible. Today on the CEO BBQ, early stage gold and silver exploration in the Turugon district of British Columbia, together with Evergold.
But if you're short on time, subscribe to our free newsletter, and once a week, we'll send you a five-minute summary of all interviews we put out, resourcetalks.com for a free weekly newsletter. Now, although this company has paid us for the production of this video, you should still understand that we are not financial advisors, and this is not intended as financial advice. It is a broad, general, and impersonal piece of information intended only for those who know and understand the risks of junior mining, of which there are many. Before moving on, read the company's official filings on SitterPlus.ca, and do your own due diligence. Pause the screen and read all the disclaimers I've shown you because your capital is at risk. If this isn't clear, go to the last section of the video for a longer explanation of the risks and biases, and do not consume this content if you don't agree with everything said therein. Moving on, Evergold recently essentially dropped everything else to focus on its Golden Lion project, which is located about nine kilometers to the north of Fiesesgolds, Lawyers and Ranch projects. Again, that's in the Tudegon district of British Columbia. It's all the way up north in British Columbia, Northern BC. The target here is a low to intermediate solidation epithermal gold and silver system in carbonate veins, potentially carrying base metal credits as well.
At least that's the main target for this year as far as I understand it. But there's also a copper target, creatively called Copper King, that we'll also touch upon later on. The property has been worked on in the past, but only sporadically, and it was most recently drilled in 2021, which is also when they delivered the best hole that the project had seen so far. It's about 66m of 1.36g per tonne gold plus 11g silver.
Right now, Ever is mobilizing for a 4,000m program in 12 holes that's expected to kick off this month, so in June.
And again, it's going to be focused on what they call the GL-1 main zone first. So biggest upcoming catalysts will be those assay results from the summer drilling expected through the fall and into year end 2026, which will also test down dip extensions of those 2021 high grade shoots, plus hopefully that Northern Copper King area that showed anomalous copper in historic sampling. But why did the old timers and even some of the new timers and majors leave? And what are the expectations for this program? And when exactly are the first assays coming in? All of that will of course be asked hopefully later on in the conversation today. Now, for some of the numbers and more details, Evergold is listed as Ever, so that's EVER on TSX-V in Canada, where the average daily volume over the last three months has been about 35,000 units. The 52-week high is 75 cents and a 52-week low is 15 cents. With a little under 28 million shares outstanding and a $12 million market cap today, this is a 52-cent stock with a 50 and a 200-day moving average at, respectively, 57 and 42 cents. So the stock is now trading between those two. They're close to 7.5 million warrants and less than a half a million options to get a representing about 24% of the fully diluted 30.6 million shares. The last financing they closed was closed recently, so on April 6 at 55 cents for the hard dollars, but there was a flow through portion of it that was done at 65 cents. With a half a warrant for two years, exercisable at 80 cents, and that financing brought in a total of about 5.5 million dollars. Now, how far is that money going to get them? Is it going to be enough to test all the targets or only GL1? Will they be back to the market this year? Those are of course questions that we'll be asking later on in the conversation, but please do actually become a conversation though, it is finally time for me to shut up. Alex, I'll give you the word here, but first of all, thank you for sitting down with us today.

**Alex Walcott** (4:07)
No worries. Thanks for having me.

**Antonio** (4:10)
Pleasure is mine. Pleasure is ours, I should say. Christian and I are both shareholders.
Sure, Christian is a bigger shareholder, so I'll let him open the conversation.

**Christian** (4:19)
I'm not sure about that, Antonio, but thanks for joining, Alex. To set the stage here a bit, what's the business strategy here for Evergold? Can we expect like a GT gold style path or is it something different?