Drilling for Discovery, in 2020 - From BC's Most Spectacular Drill Pads - Evergold Corp.
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Drilling for Discovery, in 2020
From BC’s Most Spectacular Drill Pads
Snoball Property, Pyramid Peak
First-Ever Drilling - Summer 2020
Key first pad built
Second pad built
Snoball Property, Pyramid Peak
First-Ever Drilling - Summer 2020
Snoball Property, Snoball Ridge
First-Ever Drilling - Summer 2020
January 2020
Forward-Looking Statements & Qualified Person
Certain statements included in this presentation constitute forward-looking statements, including those identified by the words “proposed”, “will”, anticipate”, “believe”, “plan”, “estimate”, “expect”,
“intend”, “may”, “should” and similar words and expressions to the extent they relate to Evergold Corp. (the “Company”) or its management. The forward-looking statements are not historical facts
and are based on current expectations and various estimates, factors and assumptions. They therefore involve known and unknown risks, uncertainties and other factors. Any forward-looking
statements represent the Company’s estimates only as of the date of this presentation and should not be relied upon as representing the Company’s estimates as of any subsequent date.
Readers should not place undue reliance on the Company’s forward-looking statements, as the Company’s actual results, performance or achievements may differ materially from any future
results, performance or achievements expressed or implied by such forward-looking statements if known or unknown risks, uncertainties or other factors affect the Company’s business, or if the
Company’s estimates or assumptions prove inaccurate. Therefore, the Company cannot provide any assurance that such forward-looking statements will materialize. The Company disclaims any
intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Factors that could cause actual results, performance or achievements to differ materially include, but are not limited to: risks associated with the highly variable and uncertain nature of geology, the
weather, the fact the Company has limited financial resources, loses money, cannot generate earnings nor pay dividends and will continue to be in this loss-making position for the foreseeable
future; is entirely dependent upon debt or equity financing sourced from investors to finance its operations and has an uncertain ability to raise additional funds when required; relies on a small
number of key managers who lack backup and may not be able to secure key contract personnel and services providers needed to execute it plans; may not be able to secure exploration permits;
First Nations risks; and risks associated with general economic conditions, fluctuating metal prices, credit market conditions and investor risk appetite.
Management provides forward-looking statements because they believe such statements deliver useful guidance and information to readers when considering their investment objectives. Though
management believes such statements to be as accurate as possible in the context of the information available to management at the time in which they are made, management cautions readers
that the guidance and information contained in such statements may rapidly be superseded by subsequent events. Consequently, all forward-looking statements are qualified by these cautionary
statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments suggested by such forward-looking statements will
be realized or, even if substantially realized, that they will have the expected results, or effects upon, the Company. These forward-looking statements are made as of the date of this presentationnn
and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law.
Evergold’s Qualified Person as defined by National Instrument 43-101 is Andrew J. Mitchell, P.Geo., Vice
President, Exploration. Mr. Mitchell has reviewed and approved the technical information in this presentation.
2
A Team With a Record of Recent
Success in B.C.
Four 100%-owned, drill-ready properties in prime B.C. geological
real estate, from C.J. (Charlie) Greig
Proven management and directors
Our work has, we believe, put us close to new discoveries
Well financed ($3.45 million IPO – Oct. 2019)
Clean, focused company, no skeletons / no historical corporate
baggage, tight capital structure
3
Flagship
Properties
Pipeline
Properties
4
Properties Overview
(each 100% owned1)
Flagships:
1. Snoball – Drill Ready: Target types: High grade vein-hosted gold-silver, replacement/skarn, and
intrusion-related bulk tonnage. 3,545 hectares. Location: NW BC’s Golden Triangle, north of Bob Quinn,
just 12 kms from Hwy 37. Helicopter access
2. Golden Lion – Drill Ready: Target types: High grade vein-hosted epithermal gold-silver, copper-
gold-silver replacement/skarn, and bulk tonnage copper-gold porphyry. 5,099 hectares. Location:
Toodoggone, north-central BC, north of Kemess and Lawyers (Cheni) deposits. Helicopter access
Pipeline Properties:
3. Holy Cross – Drill Ready: Target type: High grade and/or bulk-tonnage intrusion-related gold+/-silver+/-copper.
3,784 hectares. Location: central BC west of Prince George. Direct road access
4. Spanish Lake – Drill Ready: Target type: High grade and bulk tonnage sediment-hosted vein gold. 1,573
hectares. Location: Cariboo gold camp of southcentral BC east of Williams Lake, 5 kms southeast along strike
from the Spanish Mountain gold deposit. Direct road access
1. Each property is subject to a 0.5% Net Smelter Returns (“NSR”) royalty payable, in the event of production, to C.J. Greig Holdings Ltd. No other
royalties, cash or stock payments, or specific work commitments, apply.
5
Snoball Property
3,545 ha.
6
Snoball Property: Opportunity*
Near-Term Discovery Potential. We Believe We’ve Found the Source of a Large, Strong,
Gold-Silver Anomaly, Up-Slope of Previous Work, and Intend to Drill it in 2020
Historical work including geochemical sampling and drilling by Noranda (1992 – 12 DDH / 1,500
metres) took place at low elevations on this property
Our initial evaluation of historical sampling suggested the actual source of a strong multi-
element anomaly was up-slope to the north, at higher elevations well above areas historically
tested
Our sampling (2016, 2017, 2018, 2019) of new areas up-slope seems to confirm this
We now believe the principal source of the anomalies lies along and below Snoball Ridge and
Pyramid Peak
Key drill pads were constructed in September 2019
The first-ever drilling of Snoball Ridge and Pyramid Peak will take place in 2020
* See also comprehensive NI 43-101 Technical Report
7
Snoball Opportunity
We Believe We’ve Found the Source of a Large, Strong, Gold-Silver Anomaly,
Up-Slope of Previous Work, and We’ll be the First to Drill it
Pyramid Peak ( >500 ppb Au
Snoball Ridge ~2012 metres in soils)
Drill Target
Noranda drilled below the Red trace
elevation of the dashed represents >150
ppb gold-in-soils
line (1992) & talus fines
Our sampling and
modeling suggests down- ~1646 m Never drilled
slope dispersion from the
Limited drilling
actual principal source of
the geochemical
anomalies at and below
Snoball Pond
Snoball Ridge and
Pyramid Peak
1000 metres 8
9
Snoball: High Gold Values in Soils & Talus Fines
Pyramid Peak
Initial Evergold ICE
Average of 14 talus fines samples taken
along ~ 200 metres here = 0.513 g/t Au
sampling (2016)
ICE
ICE
Historical Noranda
soil sampling grid,
assays and drill
holes (1990-92)
ICE
10
1000 metresSnoball: High Gold Values in Soils & Talus Fines
2017 Evergold Interpreted never-
drilled primary source
Pyramid Peak
follow-up area of downslope
geochemical anomaly
sampling (squares)
+ 2016 sampling (dots).
Values shown in ppm Au
Area of historical Noranda soil sampling
grid, assays and drilling (1990-92)
1000 metres 11Snoball: Drill-Ready Pyramid Peak Close-Up
High Gold Values in Talus Fines (ppm Au)
Average of 39 talus
fines samples
collected by Evergold
in 2016 and 2017
(excluding a single
high value of 25.1 g/t
Au) = 0.718 g/t Au.
Median = 0.484 g/t Au.
Squares: 2017 values
Dots: 2016 values
250 m
12Snoball Targets: Pyramid Peak
Average of 39 talus fines Drill pad
samples collected by
Evergold over this area (see
previous slide) in 2016 and
2017 (excluding a single
high value of 25.1 g/t Au) =
0.718 g/t Au. Median = Drill Ready
0.484 g/t Au Never-drilled outcropping
mineralized intrusive with strong
gold values in talus fines
E
250 m 13Snoball: High Grade Au-Ag in Rocks
Au Au Ag Ag
Sample No.
(g/t) (oz/t) (g/t) (oz/t)
CBR1604002 11.35 0.33 94.1 2.7
CBR1604003 32.50 0.95 296.0 8.6
CBR1604004 80.20 2.34 452.0 13.2
CBR1604006 34.70 1.01 660.0 19.3
CBR1604007 3.98 0.12 644.0 18.8 80.2 g/t gold, 452.0 g/t silver,
CGSNO16R390 22.70 0.66 1,080.0 31.5 sample # CBR1604004
CGSNO16R391 15.95 0.47 19.8 0.6
SR-SNO-2016-019 5.22 0.15 12.3 0.4
SR-SNO-2016-026 1.02 0.03 4.5 0.1
14Snoball: High Grade Gold in Rocks
Pyramid Peak
ICE
Highs to 80.2 g/t ICE
Au in Evergold
sampling
ICE
ICE
1000 metres 15Snoball: Underlying Intrusive Target
Shown Below: Magnetics on Trace Geology, and Topography
Airborne
magnetics
suggests a
large-scale
intrusive
target, partly
covered by ice
and sediments
1,000 Metres
16Proposed Initial Drill Pads, on Geochem
(subject to change)
Built
Built
17Initial Pads Built September 2019.
Now Ready to Execute First-Ever Drilling
Key first pad built
Second pad built
Pyramid Peak Pyramid Peak Snoball RidgeGolden Lion Property: Opportunity
1
Near-Term Discovery Potential. High Grades in Outcrop and High Values in
Soils. Multiple Targets and Large Scale Potential
In 1982 Newmont drilled 22 DDH for 2,475 metres on a single epithermal-style target on this large property from which strong
results were returned, e.g. 87 metres* of 1.01 g/t Au
Soil sampling in 2013 and 3D modeling by Evergold in 2019 shows this zone (“GL1”) to be open for expansion, and to
present an immediate, potentially high-grade gold-silver drill target
Extensive soil and rock sampling carried out in 2017, 2018 and 2019 by Evergold has revealed two large, strong, multi-
element (Cu-Au-Ag-Pb-Zn) anomalies (“GL2” and “GL3”) overlying the hills to the northeast of GL1
The multi-element character of these anomalies, coupled with rock sampling, geological mapping and the results of a 2017
airborne magnetic survey, suggests one or more porphyry intrusive sources
Topography suggests the source of the soil anomalies at GL2 and GL3 lies below, at shallow depth
Outcropping high-grade copper-gold-silver skarn mineralization sampled in 2018 at GL2 presents a target of character similar
to that presently being explored by Sun Metals at their Stardust project, also in north central BC
An induced polarization (IP) survey of the GL1, GL2 and GL3 target areas is planned for 2020, to be followed by drilling of
selected targets
1. See also comprehensive NI 43-101 Technical Report
* The true width of this intercept is estimated at 35 metres. True width of the broader mineralized GL1 zone is estimated at 100 metres
19Golden Lion Property
Land Position – 5,099 ha.
Property does not include the inlying
tenures shown top left
GL2
Initial High GL1
GL3
Potential Target
Areas
20Golden Lion
Drill-Ready
GL1
Target Area GL1
High-grade epithermal gold-
silver + porphyry
Historical zone open
Untested and highly
anomalous intersection of two
main structural trends
Undrilled 600-metre long
gold-silver anomaly
21Golden Lion: GL1 Target
2013 Soil Sampling on Historical Gold-in-Soils and DDH
Depth
potential of
gold-bearing
Undrilled 600- structures
metre long
gold-silver Untested and
anomaly highly
anomalous
intersection of
two main
structural
trends
22Golden Lion: Drill-Ready GL1 Target
Soil geochemistry coupled with 3D modelling of historical
Newmont drilling shows the GL1 Zone is open for
Plan View expansion in two directions, and has never been tested
here, where the two principal trends intersect
Never-drilled, 600-metre long
gold-in-soil anomaly
600 metres
23Golden Lion
Drill-Ready GL2
GL2
Target Area
~1 km2 strong, multi-element
anomaly, copper predominant
High-grade copper-gold-silver skarn
in outcrop (Sun Metals ‘Stardust’
model?)
Alteration, soil and rock
geochemistry, and geophysics
suggests underlying intrusive /
large scale porphyry target
241 km
Golden Lion
Drill-Ready
GL2
High-grade Cu-Ag-Au
Target Area
Porphyry Cu-Ag-Au
A strong, ~1 km2, multi-element
soil and rock geochemical
anomaly in three styles: 1)
skarn, 2) porphyry, 3) epithermal.
Copper predominant with local
high gold and silver
High-grade epithermal
Au-Ag
Porphyry Cu-Ag-Au
25Golden Lion: Drill-Ready GL2 Target Area
GL2 Skarn Target GL2 EP Zone Target
TOP LEFT: high grade skarn-style mineralization sample
no. GLAA18-036R - 13.5% Cu, 122 g/t Ag, 0.146 g/t Au
TOP RIGHT: high grade epithermal-style mineralization
sample no. GLVB18-031R – 3,180 g/t Ag, 18.4 g/t Au
GL2 Ridge Target LEFT: high grade porphyry-style mineralization sample
no. GLAA18-026R – 2.1% Cu, 10.7 g/t Ag, 0.70 g/t Au
26BCGS Red Line
Golden Lion
Drill-Ready
GL3
GL2 Target Area
Target GL1 Target Area
(historical 1984 Newmont
Strong, multi-element
drill collars shown)
anomaly, Au-Ag-Pb-Zn
predominant
27Exploration Plans
Properties Activity Scope Timing
FLAGSHIP Properties:
Snoball Phase I drilling (Pyramid Peak & Snoball Ridge targets) est. 2,400 m 2020
Golden Lion IP geophysical survey In planning 2020
Phase I drilling (GL1, GL2, GL3 targets) est. 2,400 m 2020
PIPELINE Properties:
Holy Cross Magnetic and IP geophysical surveys In planning 2019
Phase I drilling TBD 2020
Spanish Lake Mapping, sampling TBD 2020
IP survey TBD 2020
28Evergold Capitalization Table1
Basic Shares 27,621,467
Warrants 12,979,075
Stock Options 2,280,000
Fully Diluted Shares 42,880,542
Share Price $ 0.20
Market Cap Fully Diluted $ 8,576,108
Cash $ 3,000,000
Debt $ -
Enterprise Value $ 5,576,108
Note 1. All figures are as of IPO closing on October 4, 2019. Of the ~27.6
million shares currently outstanding, 6,019,470 million shares are held in
escrow for Evergold insiders and promoters, to be released in 15%
tranches every six months post closing, with the final tranche to be
released on October 4, 2022
29Management
Kevin M. Keough, President & CEO, Director – HBSc Geological Sciences, Queen’s University. Mr. Keough
most recently served as CEO of GT Gold Corp., which is advancing the important Saddle Au-Cu-Ag discoveries in
B.C.'s Golden Triangle. He began his career with Anglo American Corp. and De Beers, and has more than 35 years
diverse business experience. He couples a technical background and international experience with expertise in
project and public company management, finance and capital markets, communications, and business development.
K. Tracy Albert, Chief Financial Officer, CFA, CPA, CMA – BComm, University of Ottawa. Ms. Albert is a
Chartered Professional Accountant (CPA CMA) and Chartered Financial Analyst (CFA), with 25 years experience in
diversified, progressive accounting and finance leadership roles. She has held Controller, Director of Financial
Reporting, and Chief Financial Officer roles in both publicly-traded and privately-held companies.
Andrew J. Mitchell, Vice President, Exploration, P.Geo. - B.Sc. Earth & Environmental Sciences, University of
British Columbia (UBC). Mr. Mitchell is a senior geologist with CJ Greig & Associates, and has 10 years mineral
exploration experience in the North American Cordillera involving grass roots to advanced-stage projects, mainly with
Archer Cathro & Associates Ltd. in the Yukon and northern B.C.
Monique Hutchins, Corporate Secretary - BComm, Concordia University, member of the Institute of Chartered
Secretaries and Administrators. Ms. Hutchins is the Managing Director of DSA Corporate Services and has over fifteen
years of corporate governance, corporate secretarial, client relationship and marketing experience with companies
including Independent Review Inc., the organization that runs Independent Review Committees for the Ontario
investment fund sector, Kingsdale Shareholder Services and Institutional Shareholder Services.
30Directors & Advisors
Kevin M. Keough, President & CEO, Director – HBSc Geological Sciences, Queen’s University. Mr. Keough most recently served as CEO of GT
Gold Corp., which is advancing the important Saddle Au-Cu-Ag discoveries in B.C.'s Golden Triangle. He began his career with Anglo American Corp. and De
Beers, and has more than 35 years diverse business experience. He couples a technical background and international experience with expertise in project and
public company management, finance and capital markets, communications, and business development.
Bernice Greig, Director – BA (History) and Diploma Art History, University of British Columbia, LLB, University of Victoria. Ms. Greig is a lawyer and
general solicitor with a practice in Penticton, B.C. She has had direct involvement in mineral exploration as a soil and stream sediment geochemical sampler in
the Yukon with Archer Cathro & Associates Ltd., and with a number of long-standing clients with close associations with the sector.
P. Alexander Walcott, Director – B.Sc. Earth Sciences (Major), Physics (Minor), University of Alberta. Mr. Walcott is a geophysicist and geophysical
contractor (Peter E. Walcott & Associates Ltd.) with more than 20 years of active field experience in geophysical surveying and consulting throughout the North
American Cordillera and around the world.
Rosie Moore, Director (Independent) – B.S. Geology, M.S. Geology, Kent State University. Ms. Moore has more than 35 years diverse international
experience in the industry spanning a spectrum of roles from fieldwork and project management on prominent discoveries such as Voisey’s Bay, through mining
analyst, corporate finance and portfolio management roles, to senior officer and director positions, including roles with Ivanhoe Capital, Yorkton Securities,
Diamond Fields, Pan American Silver, Bear Creek and Geologic Resource Partners. Her work has involved multiple commodities and multiple projects
encompassing the range of development stages, in jurisdictions around the world.
Darwin Green, Director (Independent), P.Geo. - B.Sc., University of British Columbia, M.Sc., Carleton University. Mr. Green commenced his career
in BC’s Golden Triangle, and has more than 25 years of experience exploring and evaluating gold and base metal systems in Canada, the U.S. and Latin
America. He is President & CEO of TSXV-listed Highgold Mining Inc., a spin-out from Constantine Metal Resources where, until the recent launch of Highgold
he served for many years as Vice President, Exploration. He brings field skills, business development and community engagement expertise to the Board.
…………………….
C.J. “Charlie” Greig, P.Geo., Advisor - B.Sc. & M.Sc. Geological Sciences – UBC, and B.Comm - UBC. With more than 35 years in the mineral
exploration sector, Charlie Greig is among the most experienced geologists in B.C.. He presently serves as VP Exploration and a director of GT Gold Corp.
where, since the Company’s establishment in fall 2016, he has led the exploration team that delivered and is now advancing the very large scale “Saddle” Au-
Ag-Cu discovery, likely to emerge as the most important new discovery in the northern part of B.C.’s rich Golden Triangle since that of the nearby Red Chris
deposit in the 1990s. Past projects in the Golden Triangle include work on Brucejack Lake (Pretivm), Red Mountain (Lac Minerals, IDM), Silbak Premier
(Westmin, Ascot), and IKE (HDI-Amarc), in addition to work abroad on such projects as La India in Mexico (Grayd, Agnico Eagle) and Bisha in Eritrea (Nevsun).
31See Appendix
for Holy Cross & Spanish Properties
For Additional Information:
T (613) 622-1916
E kevin.keough@evergoldcorp.ca
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