EnviroGold Global Seeks to Double Potential High-Grade Tailings Project Upside with Initiation of Coring Program Targeting Major Polymetallic Tailings Deposit Extension at Buchans Project in Newfoundland and Labrador, Canada – QNT Press Release


TORONTO, Feb. 13, 2022 (GLOBE NEWSWIRE) — EnviroGold Global Limited (CSE:NVROOTCQB:RGOZFFSE: YGK)) (“EnviroGold Global” or the “Company”), a Clean Technology Company accelerating the world’s transition to a circular-resource economy through the production of Metals Without Miningis pleased to announce it will initiate a coring program targeting the recently discovered “Western Arc” polymetallic tailings extension identified by a January 2022 independent geophysical survey () that indicated substantial additional tailings and major upside potential in the Jeff Wall Claim. The Jeff Wall Claim is subject to EnviroGold Global’s definitive commercial agreement () allowing the Company to reprocess and recover precious, critical and strategic metals from legacy mine tailings located on 1,225 hectares (3,025 acres) of mining claims covering the deltaic tailings deposit around the mouth of the Buchans River.

The coring program will collect material from 99 points within the Jeff Wall Claim focusing on the highest density areas along the “Western Arc” identified by the recent tailings deposit geophysical survey. EnviroGold Global will commence coring in February 2022, so contributing to the publishing of a mineral resource estimate for the Buchans Project in mid-2022. The Company expects to initiate commercial production of precious metals (gold, silver), battery and clean-energy metals (lead, copper, zinc) in 2023.

Commenting on the recent developments, EnviroGold Global CEO, Dr. Mark Thorpe, said, “We look forward to announcing the results of the coring program, which represents another major milestone in the development of our high-value global tailings reprocessing portfolio. Our goal continues to be adding substantial ounces of gold and silver and substantial tonnes of lead, copper and zinc to a global tailings resource that will allow us to create outstanding returns for our shareholders while creating sustainable, lasting value for community and environmental stakeholders by producing Metals Without Mining.”

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

About the Buchans Project

The Buchans Tailings were produced during decades of mining operations within the Buchans Mining District, which was home to one of the world’s largest volcanogenic massive sulphide (VMS) deposits. From 1928 to 1984, American Smelting and Refining Company Inc. (ASARCO) produced approximately 16 million tonnes from five deposits with an average mill head grade of 14.51% zinc, 7.56% lead, 1.33% copper, 126 g/t silver and 1.37 g/t gold (reference: Geoscience Canada, Volume 37, Number 7, December 2010 ). From the start of the operation to about 1965, tailings from the operations were deposited into the Buchans River and flowed down the creek contributing to the Buchans River Delta.

The Company expects to deploy modular, …

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