EGM) Drilling at Lac La Hache in progress, assays pending
Vancouver, British Columbia – September 15, 2021 (Newsfile Corp.) (Investorideas.com Newswire) David H. Brett, President and Chief Executive Officer, EnGold Mines Ltd., (TSXV: EGM) (“EnGold” or the “Company ”) Reports that drilling on its 100% owned Lac La Hache copper gold property in the Cariboo region of British Columbia began on September 10. A 175 meter hole in the Road gold zone is completed with follow-up drilling pending assay results. Drilling has now started to drill on the Ann North alkaline porphyry target where a series of 800m to 1000m deeper drill holes are planned.
Previously, drilling of NQ core at Road Gold was hampered by very rugged ground conditions caused by the strong fault and weathering associated with gold-copper-silver mineralization. R21-04 was successfully completed using HQ drill rods, cutting below hole R21-03 including 7.5 gpt gold assay (over 1.5m core length) cut at the bottom of this hole. The new hole intersected a similar strong potassium alteration with several brecciated and fractured hydrothermal zones with narrow quartz veins. Sampling is in progress, assays pending.
Drilling was moved to Ann North Prospect where interpretation of geological, geochemical and geophysical data from historical shallow drilling indicates mineralization (including 234.1m grading 0.24% copper and 0.34 gpt or in hole AN04-19) is projected in depth. AN21-02 will test this target.
“It’s good to be back for drilling at Lac La Hache,” said EnGold President and CEO David Brett. “Our bold new strategy to target deeper porphyry mineralization is unfolding and we plan to add a second drill hole in the coming weeks.”
Rob Shives P.Geo., VP Exploration and Qualified Person within the meaning of National Instrument 43-101, has reviewed and approved the technical content of this press release.
EnGold is a Vancouver-based copper, gold, silver and magnetite exploration company focused solely on its 100% Lac La Hache property in the Cariboo region of British Columbia, which is home to the deposit. Spout copper, the Aurizon gold deposit and the G1 copper deposit and other targets within a large system of porphyry mineralization. With world-class infrastructure on its doorstep, Lac La Hache is a great place to explore.
EnGold Mines Ltd.
President and CEO
For more information, contact David Brett, 604-682-2421 or [email protected]
This press release contains “forward-looking statements” within the meaning of Canadian securities laws. Forward-looking statements include, without limitation, the intended use of the proceeds of the financing. These statements and information are based on numerous assumptions about current and future business strategies and the environment in which EnGold will operate in the future. Certain important factors that could cause actual results, performance or achievements to differ materially from those shown in forward-looking statements include, but are not limited to, the global economic climate, dilution, stock price volatility and competition. Although Engold has attempted to identify material factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results not to be as anticipated, estimated or planned. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Therefore, readers should not place undue reliance on forward-looking statements. EnGold does not undertake to update any forward-looking statements except in accordance with applicable securities laws.
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