Engineer GOLD Dewaters Engineer GOLD MINE
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
For Immediate Release
ENGINEER GOLD
DEWATERS ENGINEER GOLD MINE
Vancouver, B.C., October 23, 2019. Engineer Gold Mines Ltd. (EAU: TSX-V) (“Engineer
Gold”, or the “Company”) announces the Company has successfully de -watered the entire
Engineer Gold Min e and initiated an underground geological mapping and panel sampling
program on the lowermost 8 Level . The Engineer Gold Mine 8 Level consists of a 1,067 metre
network of historic drifts, stopes and crosscuts that provided the lowermost mill feed for the 100
tpd mining operation. This major milestone marks the first time the entire m ine has been
dewatered since commercial production ceased in 1927. Investors are referred to the Company’s
website for recent maps and images of Engineer Gold ’s exploration and mining personnel on 8
Level.
The Company is also pleased to report it has engaged Mr. Darren O’Brien, P.Geo., to oversee the
Engineer Gold Mine underground exploration program. Mr. O’Brien is the principle author of
the Engineer Gold Mine NI 43 -101 Technical Report (May 9, 2018) and has several years of
surface and underground exploration experience at the Engineer Gold Mine.
High Grade Veins Persist at Depth
Engineer Gold’s underground work crews have established provisional air and water services on
8 Level and confirmed access to underground drifting and development on the Engineer Vein
(193 metres), Jersey Lilly Vein ( 77 metres), the Double Decker Vein ( 63 metres) and the Shear
A Zone ( 255 metres) drifts. Cursory inspection indicates the high grade Engineer and Double
Decker Veins, which were selectively mined from surface , persist on the 8 th Level. A total of 6
muck samples and 24 composite chip samples were collected from the Engineer, Double Decker
and Shear A Zone and submitted for analysis to ALS Laboratories in Whitehorse, Yukon.
Double Decker Vein
Historic channel samples from the Double Decker Vein on 8 Level defined a 24.7 metre segment
averaging 38.03 g/t gold, including a 10 metre interval averaging 84.05 g/t gold over the width of
the vein*. Current inspection confirms a historic 8 Level production stope along this high-grade
mineralization measuring 42 metres in length and up to 10 metres high. In 2010 BCGold Corp.
drill tested the dip extension of this zone 18 metres directly below this 8 Level stope, intersecting
22.32 g/t gold over 0.96 metres (including 67.15 g/t gold over 0.13 metres). The Vein has been
identified in both stope faces, which strongly suggests a southward strike continuation. Engineer
Gold collected 6 composite muck samples from within the stope workings for assay.
* Engineer Gold Mine NI 43-101 Technical Report by D.O’Brien, P.Geo., M. Redfearn, P.Eng. and Dr. S. Dominy, FAusIMM(CP), FGS(CGeol)
dated May 9, 2018.
2
Engineer Gold Vein
There are no historic channel sample results from the Engineer Vein on 8 Level however visual
inspection confirms a vuggy quartz/calcite vein ranging in thickness from 0.40 metres to 0.70
metres occurs in proximity to a highly altered mafic dyke, similar to that observed in the 5 Level
Bonanza Zone. Engineer Gold collected 9 chip samples along a 35 metre strike length of the
Vein.
Jersey Lilly Vein
The Jersey Lilly Vein has been identified on 8 Level within a 77 metre long drift. Preliminary
inspection indicates the vein varies from 0.10 metres to 0.60 metres in width. The Jersey Lilly
Vein has been traced from surface to 8 Level of the Engineer Gold Mine by surface trenching
and drifting on 5 Level and 8 Level . While no commercial production is evident, vein textures,
morphology and a limited number of historic chip sample results suggests discrete high-grade
gold shoots may occur within the structure.
Shear A Zone
Historic drifting of the Shear A Zone is measured to be approximately 255 metres. A total of 16
composite chip samples were collected along a 100-metre drift to date. The Shear A Zone is
associated with intervals of pervasive silicification and vuggy, massive quartz -calcite veining
within a sheared argillite-hosted structure.
Diamond Drilling Update
Surface drilling continues on the Engineer Gold Property . A total of 10 holes have been
completed in 1,618 metres of drilling to date, testing a number of shallow exploration targets
north and south of the Engineer Mine workings , including the Jersey Lilly Vein, TMI, BC MMI
anomaly, Hub A , Hub B zones and the Shaft – Boulder/Governor Vein s. Most holes have
intersected numerous quartz and quartz/calcite vein structures known to be favorable for gold
and silver mineralization at the Engineer Gold Mine. Results will be reported when available.
Qualified Persons
Messrs. Darren O’Brien , P.Geo., and Scott Dorion, P.Geo., ‘Qualified Person s’ (Q.P.s) as
defined under Canadian National Instrument NI 43-101, ha ve overseen the underground and
surface exploration programs, respectively, prepared and reviewed technical aspects of this news
release.
About Engineer Gold Mines Ltd.
Engineer Gold is focused on the exploration and development of the 100% -owned, 14,020 ha
Engineer Gold Mine Prop erty, centered on the Historic high -grade Engineer Gold Mine situated
32 km southwest of Atlin, B.C. Previous work has identified a small, Inferred high -grade gold
3
Mineral Resource, numerous high -grade vein and shear -hosted bulk -tonnage gold exploration
targets and a modest, high-grade gold production opportunity. Engineer Gold is fully permitted
for surface and underground exploration drilling, small -scale test mining and on -site milling at
the Engineer Gold Mine Property.
For additional information please visit the company website at www.engineergoldmines.com.
On behalf of the Board of Directors, For further information, please contact:
Mr. Brian P. Fowler, P.Geo. Nelson Da Silva
President and Director Manager Corporate Communications
[email protected] [email protected]
(604) 722-0041
Cautionary Note Regarding Forward-Looking Statements
Neither 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.
This news release contains certain forward looking statements which involve known and unknown risks,
delays, and uncertainties not under the control of Engineer Gold Mines Ltd. which may cause actual
results, performance or achievements of Engineer Gold Mines Ltd. to be materially different from the
results, performance or expectation implied by these forward looking statements. By their nature, forward
looking statements involve risk and uncertainties because they relate to events and depend on factors that
will or may occur in the future. Actual results may vary depending upon exploration activities, 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.