Strategic Partnership with the Ore Group
The transaction brings together Ore Group's capital markets and company-building expertise with a proven technical and operational team that has successfully advanced a number of exploration companies. Ore Group and Evergold's principals have played key roles in the growth of companies such as American Eagle Gold Corp. and Metal Energy Corp., attracting strong institutional, retail, and strategic investor support.
Ore Group will advise Evergold on capital markets strategy, investor engagement, and corporate development as the Company enters its next phase of growth.
"We see Evergold as a clear value opportunity that has been overlooked by the market. The Company was founded and advanced by one of British Columbia's premier technical teams, including Charlie Greig, Alex Walcott and Kevin Keough, who together had great success in exploring the Tatogga property with GT Gold, work which ultimately led to the sale of GT to Newmont in 2021. Golden Lion is a project with a meaningful history, and is a project better characterized as undercapitalized, rather than under-endowed. Located in the top-tier Toodoggone District, the technical evidence suggests that there is significantly more potential at Golden Lion than has been recognized to date, and the project clearly warrants renewed focus, capital, and systematic exploration," said Stephen Stewart, Ore Group Chairman.
About Golden Lion
The Golden Lion property hosts a broad, near-surface, gold-silver-rich, base metals-bearing, low- to intermediate-sulfidation epithermal system (the GL1 Main Zone) adjacent to the Takla Fault, that is one of a number of extensive mineralizing systems in the Toodoggone District of north-central British Columbia. GL1 Main Zone lies just 9 kms up a broad valley and bulldozer track from road access to Thesis Gold's Lawyers-Ranch project, for which a pre-feasibility study published in December 1, 2025 returned a very strong 55% internal rate of return.
An animated video of the GL1 Main Zone is available for viewing on the Company's home page at www.evergoldcorp.ca and a powerpoint presentation summarizing all results to date is available at www.evergoldcorp.ca/investors/presentations.
Prior to Evergold's involvement, the system had been tested only in a single season of drilling and bulldozer trenching carried out by Newmont Corporation ("Newmont") in 1984 (22 holes for 2,474 metres). This established a continuously mineralized low-grade envelope, with hints of higher-grade potential, over a core 400 metres of strike length and, with undrilled gaps, over 1.7 kms of strike length, with mineralization exposed at surface tested only to shallow depths.
Newmont's broadly-spaced drill pads and lack of any undercuts left the depth potential and continuity between holes largely untested. Evergold surmised that increasing the density of drilling would lead, as is commonly the case in such epithermal systems, to the identification of higher-grade domains within the broad envelope.
Evergold drill-tested GL1 Main for the first time in 2020 (10 holes for 1,622 metres), primarily with the intent of replicating the Newmont results, which was accomplished, while also testing other targets on the property to the north and northeast, as well as peripheral parts of the zone (6 holes for 1,386 metres) (see news, November 30, 2020 and January 26, 2021).
The Company's best gold-silver results came in the final 3 holes (GL21-23/24/25) of a COVID-shortened drill program in 2021 (9 holes for 1,811 metres) when, drilling between previous Newmont intercepts, the Company identified the first high-grade domain within the broad system envelope. Lack of drill crews prevented immediate follow-up (see news, November 16, 2021).
Combined ...
