Continued Exploration North of Historic Engineer Workings
ENGINEER GOLD MINES LTD.
Suite 804 - 750 West Pender Street
Vancouver, B.C. V6C 2T7
Telephone: 604.682.2928
Fax: 604.685.6905
www.engineergoldmines.com
Continued Exploration North of Historic Engineer Workings
August 25, 2020
Vancouver, BC – Engineer Gold Mines Ltd. (the “Company”) (TSXV: EAU) announces
continued exploration to the north of the main workings of the historic Engineer Gold
Mine (“Engineer”). A map showing current targets is available on the Company’s
website at www.engineergoldmines.com/news.
Two targets constitute the focus of current exploration. Target A encompasses the more
than 3 km long no rtherly trending structure which hosts the historic gold bearing Happy
Sullivan veins and associated shear zone, 3 km northeast of Engineer. Exploration just
completed by the Company proximal to this area in the Bee Lakes to Bee Peak area,
outlined numerous quartz-stibnite veins and breccias that may represent a strong, high
level stockwork related to the Happy Sullivan system. The extent and intensity of the
mineralization suggests a robust hydrothermal system. Sample results will be released
when received.
Company President Andrew H. Rees commented “We are extremely excited with the
new targets, especially with the possible presence of a vanadium mica and the multiple
intersecting structures at Happy Sullivan (discussed in news on Thursday, August 20,
2020) and the high level antimony rich stockwork -vein-breccia systems west of Bee
Peak. The Company is working towards commencing a bulk sample at the Engineer
Gold mine, while exploration work throughout the project continues to add targets to our
robust drilling inventory.”
Reported grab samples of silicified greywacke from 1981 within Target A yielded
significant gold values of 42.2 g/t, 5.21 g/t, 2.81 g/t and 0.89 g/t. The 42.2 g/t Au value
does not appear to have been followed up. The three other significant gold value s were
obtained from an area of poor exposure and were followed up by MMI soil geochemistry
in 2011 -2012, a favourable method in the detection of mineralization beneath thick
overburden, with anomalies evident proximal to the approximated original sample s ites.
The 42.2 g/t Au sample is plotted approximately 1.5 km north of the Happy Sullivan
shaft, along a prominent northerly trending linear.
Target B encompasses Shear B, an important controlling structure at Engineer, and a
sub-parallel shear, which col lectively control a major distortion in the shape of Hope
Creek. Significant historic soil anomalies occur along this trend.
The technical information in this news releas e has been reviewed by Jean Pautler,
P.Geo., a qualified person with respect to NI 43-101.
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About Engineer Gold Mines Ltd.
Engineer Gold is focused on the exploration and development of the 100% -owned,
Engineer Gold Mine Property , centered on the Historic high -grade Engineer Gold Mine
situated 32 km southwest of Atlin, B.C. Pre vious work ha s identifie d numerous high -
grade vein and shear -hosted bulk -tonnage gold exploration targets including Wann
River to the southwest , TAG and Happy Sullivan to the northeast of the Engineer Gold
Mine.
For additional information please visit the com pany website at
www.engineergoldmines.com
On Behalf of the Board of Directors
Contact Information
Engineer Gold Mines Ltd. Corporate Inquiries:
"Andrew H. Rees" Andrew H. Rees: 604-505-3739
Mr. Andrew H. Rees Email: [email protected]
President
Cautionary Note Regarding Forward-Looking Statements
Neither TSX Venture Exchange nor its Regul ation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts resp onsibility fo r the adeq uacy or accuracy of t his
release.
This news rel ease contains certain forward looking statements which involve known and unkno wn risks,
delays, and uncertainties not under the control of Engineer Gold Mines Ltd. which may cause actu al
results, p erformance or achievements of E ngineer Gold Mines Ltd. to b e materially different from the
results, performance or expectation implied by these forward looking statements. By their natur e, forward
looking statements involve risk and uncertaint ies because t hey relate to events and depend on f actors
that will or may occur in the future. Actual results may vary depending upon exploration activ ities, industry
production, commodity demand and pricing, currency exchange rates, and, but not limited to , general
economic factors. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
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