Evergold Advances High-Grade Rockland Nevada Gold-Silver Property; Anticipates Permit for Phase 1 Drill Program Mid-Year

TORONTO, March 08, 2022 (GLOBE NEWSWIRE) -- Evergold Corp. (TSX-V: EVER, OTC: EVGUF, WKN: A2PTHZ) (“Evergold” or the “Company”) is pleased to report excellent progress in recent months toward drilling the road-accessible Rockland property, located in the resurgent Walker Lane trend of western Nevada. The west side of the property (“Rockland West”) hosts the historical small-scale Rockland Mine, from which an estimated 50,000 ounces of gold-silver grading as high as 2.8 ounces per ton gold equivalent (96 g/t AuEq) was produced more than a century ago from high-grade epithermal-style veins, commonly encompassed by broad halos of lower-grade stockworks and breccia. The east side of the property (“Rockland East”) hosts a deeper zone of mineralization, more or less blind to surface and also epithermal in style, first discovered in 1989 and drilled to date along some 800 metres of strike. Historical drilling on the Rockland East zone returned highly encouraging results with all holes achieving drill intercepts, including, for example, 59.4 metres of 1.09 g/t Au encompassing 3.1 metres of 19.80 g/t Au in Romarco hole PG-36C (2008). As at the Rockland Mine area, many of the Rockland East holes bottomed in gold mineralization. Both areas of the property offer excellent resource definition potential and considerable exploration upside, to which end the Company has been methodically exploring and advancing drill targets at the Rockland project in preparation for a potential drill program in 2022.