Evergold Corp (TSE:EVER) has released an update.
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Evergold Corp. has announced a private placement financing aimed at raising up to $3,500,000 for further drilling at their promising DEM1 gold-silver prospect in British Columbia. The funds will facilitate a follow-up to last fall’s drilling, which revealed both broad low-grade and localized high-grade metal intercepts. The company’s leadership is optimistic about the potential for significant value addition, with strong precious metal prices and Evergold retaining full upside exposure to the prospect.
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