09:04 AM EDT, 08/06/2024 (MT Newswires) -- Evergold ( EVGUF ) said Tuesday that it is preparing to drill followup targets during fall at the DEM gold discovery in British Columbia.

The company said its personnel have been active on the ground at the site, refining targets and preparing for the fall drill program, which, the company said, is now fully financed to complete.

"Testing these targets will be the primary focus for the forthcoming September-October drill program, as we believe they stand the best chance of delivering the stand-out drill results the current market demands," President and CEO Kevin Keough said.

Evergold ( EVGUF ) said it can fully fund the fall exploration program after raising near $1.1 million from the first tranche of its private placement financing in June.