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- Aircore program delivered four drill-defined gold prospects
- Shallow, broad-spaced first-pass drilling intersected gold at Paladin, Hickman’s Find and Gladiator.
- Drilling was targeting an interpreted intrusion from company’s gravity–magnetic model
- First metallurgical testwork at Duchess of York underway, with recovery results expected within four weeks
Evergold Minerals (ASX: EG1) has defined a number of gold prospects with aircore drilling results from a regional program at the Mt Monger gold project near Kalgoorlie in WA.
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The regional aircore program was the first drill test of that model away from Duchess of York, with 130 holes for 3,877m on broad-spaced lines at Gladiator, Crusader, Paladin and Hickman’s Find, with 4.0m composite sampling of the weathered profile above each interpreted intrusion.
Gold above the 0.1 grams per tonne (g/t) gold reporting threshold was returned at Paladin, Hickman’s Find and Gladiator; Crusader returned none.
The company’s targeting model builds on this: 3D inversion of ground gravity data defines low-density bodies interpreted as concealed sanukitoid intrusions, and drone magnetics map the structures linking them towards surface.
Regional targets were ranked where an interpreted intrusion, a structure and favourable host rocks coincide, consistent with Geological Survey of Western Australia research linking sanukitoid magmatism to gold across the Eastern Goldfields.
The regional aircore program has achieved its objective as first-pass exploration: it has confirmed that the interpreted sanukitoid intrusions at Paladin, Hickman’s Find and Gladiator carry gold.
Each prospect returned gold within the weathered profile at the position predicted by the Company’s targeting model, which is the company’s criterion for advancing a target to RC drilling, and each has progressed from a conceptual target to a drill-defined gold prospect.
Together with Vanguard, the program’s initial result from the drilling around Duchess of York reported on 16 September 2026, the 2026 aircore program has delivered four drill-defined gold prospects.
The company’s pipeline at Mt Monger now comprises Duchess of York, Vanguard and Kiaki Soaks at the resource definition and follow-up stage, Paladin, Hickman’s Find and Gladiator at the RC follow-up stage, and Samurai, Tiger Lily and Captain Hook still to be drill tested. RC drilling will now test the extent and grade of mineralisation at each of the new prospects.
Metallurgical testwork has commenced on Duchess of York prospect mineralisation ahead of resource definition RC drilling in early November.
EG1 was steady at 2.4¢ with a Mkt cap of $10.26M prior to markets opening.
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