Evergreen Lithium (ASX:EG1) has significantly boosted its gold exploration assets, acquiring the Queens and Mt Monger Gold Projects in WA’s Goldfields.
The acquisitions mark an important step in the company’s strategy to complement its Leonora Goldfields Project with additional assets in two of the state’s most prolific gold belts.
Building scale in WA’s goldfields
The Queens Gold Project sits within the Norseman-Wiluna Greenstone Belt near Leonora, a district that has historically produced millions of ounces of gold.
The project’s tenements are strategically positioned near Red 5’s +4Moz King of the Hills deposit and Northern Star’s Thunderbox operations, placing Evergreen in close proximity to established mining and processing infrastructure.
At Mt Monger (southeast of Kalgoorlie) the company has secured a contiguous package of tenements covering one of WA’s most productive gold camps.
The project boasts impressive historic intercepts including 40m @ 2.49 g/t Au from 32m, 3m @ 17.6 g/t Au from 13m, and 20m @ 2.87 g/t Au from 56m, underscoring its exploration potential.
