Engagement of Black Swan Solutions
ENGINEER GOLD MINES LTD.
804 - 750 West Pender Street Vancouver, B.C. V6C 2T7
Telephone: 604-682-2928
Fax: 604-685-6905
www.engineergoldmines.com
TSXV: EAU OTCQB: EGMLF
ENGAGEMENT OF BLACK SWAN SOLUTIONS
November 30, 2022 - Vancouver, Canada – Engineer Gold Mines Ltd. (the “Company”)
(TSX.V: EAU) is pleased to announce that Black Swan Solutions will be assisting in raising the
Company’s profile.
Black Swan Solutions Inc. is an investor outreach company from Vancouver, B.C. owned by
Adam Emes and Dawson Ignatieff. This company and both individuals are arms length to the
Company and its’ Directors. Messrs. Emes and Ignatieff have no interest, directly or indirectly in
Engineer Gold, and may acquire an interest in the future. Black Swan will be initiating outbound
calls on behalf of Engineer Gold for a period of 30 days and may continue beyond the initial
engagement. A fee of $3,500 is payable in cash. A finder's fee or stock options commensurate
with regulatory policies may be paid or awarded if applicable.
Engineer Mines CEO Chris Huggins stated “ Black Swan will work with us to focus on engaging
with, and bringing a new audience to the Engineer Mine story.”
About the Properties
Engineer Gold Mine: The Engineer Gold mine is a narrow vein past producing underground
gold mine with an Inferred Mineral Resource of 41,000 t grading 19.0 g/t gold for 25,000 oz
contained gold. The resource uses a cutoff grade of 5 g/t Au and assumes a 1m minimum
mining width, which is similar to historical mining. It includes all material inside the mineralized
shoots and is based on the payability (stope) limits. Within this resource is a higher -grade core
of 14,000t grading 52.5 g/t gold (25 g/t gold Cut -Off) containing 23,600 oz contained gold. The
resource grade was reconciled to a bulk tonnage sample which contained 175 tonnes at 23.9 g/t
Au which is 16% higher than the resource grade of 20.6 g/t Au for the Engineer portion of the
resource. This is considered acceptable for a nuggety gold deposit and exemplifies the potential
conservatism of the 2018 resource. This resource estimate was initially calculated by Snowden
Mining Industry Consultants Ltd. in 2011 and re- stated in the 2018 NI 43 -101 Technical Report.
Note that this resource estimate predates the 2019 CIM Guidelines for NI 43- 101 reporting. The
Company has done no further work to confirm this historical resource and should not be relied
upon.
Tag: The Tag area covers the 025 or Main zone, which contains an historical mineral resource
estimate including 250,000 tonnes of Indicated material at average grades of 2.97 g/t Au and
12.09 g/t Ag, and an Inferred resource of 400,000 tonnes at average grades of 2.98 g/t Au and
9.91 g/t Ag. The resource estimate was calculated using the polygonal method with vertical
section at 50m spacing, and grades composited over a minimum length of 2.0 meters. The Au
was capped at a value of 4 g/t and Ag was capped at 25 g/t. Underground mining was assumed
with all material having a minimum composited length of 2m, within the interpreted shapes and
above the cutoff assumed to be amenable to underground mining. The cut -off grade used was
2
3.0 g/t gold equivalent, calculated with a silver to gold ratio of 59.927. This historical resource
was published as an NI 43- 101 report filed on SEDAR entitled "Technical Report on Resource
Estimates for the Tag Property, Northern British Columbia", prepared for CZM Capital
Corporation by Reddick Consul ting Inc. and dated December 29, 2009. Note that this estimate
predates the 2019 CIM Guidelines for NI 43 -101 reporting. The Company has done no further
work to confirm this historical resource and should not be relied upon.
Wann River: The Wann River area has seen grab samples from the Lum showing with up to
263 g/t Au and 1350 g/t Ag reported in 2010. Adjacent to the prolific Llewellyn fault, the Wann
River project holds potential for significant further exploration and discovery.
For additional information please visit the company website at www.engineergoldmines.com.
On Behalf of the Board of Directors
Engineer Gold Mines Ltd.
“Christopher Huggins”
Mr. Christopher Huggins
President
Contact Information:
Christopher Huggins: 604-968-4844
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX V enture Exchange) accepts responsibility for the adequacy or accuracy of this
release.