Evergold Advances Golden Lion Field Program, Northern B.C., To Early July Drill Start
Evergold Corp. ("Evergold" or the "Company") (TSX-V:EVER, FRA:A2PTHZ) is pleased to announce that re-opening of the exploration camp is well advanced at its Golden Lion property, located in northern BC's Toodoggone region, 25 kms north of Benchmark Metal's Lawyers property. Elements of the geological crew are now on site, and a man-portable reconnaissance drill will arrive on the 22. Geophysical crews will mobe-in on the 25, and a large heli-portable drill should be coring by the end of the first week of July. Readers are directed to the Company's May 11, 2021 news release for further details of exploration plans for both the Golden Lion and Snoball properties, where a minimum combined total of 4,500 metres of drilling split between both properties is planned, targeting the large GL1 Main gold-silver zone at Golden Lion, and the high-grade gold-silver 'C Zone' at Snoball.
Why Some Analysts Believe Silver Will Outshine Gold In 2021
, /PRNewswire/ -- Many investors turn to gold during times of global crisis, and that is exactly what has happened this last year, during the pandemic. But experts say that smart investors should be looking at silver. A from the Silver Institute (in collaboration with industry insider Metals Focus) says that silver will outshine gold as demand hits 8-year high in 2021. An article in Reuters discussing the subject said that the global demand for silver will rise to 1.025 billion ounces in 2021, its highest in eight years, as investors and industry ramp up purchases, the Silver Institute said on Wednesday, predicting that prices would rise. The article reported that: "The coronavirus outbreak triggered a rush among investors to stockpile silver, which like gold is traditionally seen as a safe place to store money. That impetus will continue, the institute said, predicting purchases of bars and coins would rise to a six-year high of 257 million ounces in 2021." It did not give a forecast for exchange traded funds (ETFs) storing silver bars for larger investors, but these have grown strongly so far this year, helping push prices to an eight year high of an ounce on Feb. 1. Active mining stocks mentioned in today's commentary include(OTCQB: RIGMF) (TSX-V: RMI). (NYSE: WPM) (TSX:WPM) (NYSE: GOLD) (TSX: ABX), (NYSE:NEM) (TSX:NGT), NYSE:FNV) (TSX: FNV).
Why the Scarcity Of Gold Could Lead To Positive Gains Over Next 10 Years
, /PRNewswire/ -- Gold is not an asset that is prone to big price swings, or high volatility, but it is known to almost constantly be growing as its uses and market desire keep growing. Also, the fact that Gold is an asset that is scarce, but with an uncertain supply, means the markets are often worth watching and forecasting gold prices for the next 10 years can often lead to positive gains over this long period of time. A report from industry insider, PRIME XBT made several predictions for Gold's future. They said that: "The gold price prediction today, and the gold price forecast 2021 looks like it could be a really positive one, and it also comes off the back of a really good year in 2020 for the precious metal which had many geo-political factors impact its price and its growth in an upward trend. The London Bullion Market Association (LBMA) that: "According to the consensus outlook from analysts entering today's precious metals price forecast competition from the London Bullion Market Association, t will average per ounce across 2021, a rise of 11.5% from 2020's record-high annual average as mass vaccinations worldwide spur a strong economic recovery from the Covid pandemic but central banks and governments continue their unprecedented monetary and deficit-spending stimulus." Active stocks in the mining markets this week include (OTCQB: GIDMF) (CSE: IGLD), (NYSE: HL), (NYSE: NEM) (TSX: NGT), (NYSE: GFI), (NYSE: KGC) (TSX: K).