Engineer Gold Mines Acquires Surface Rights to Mining Camp
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
Engineer Gold Mines Acquires Surface Rights to Mining Camp
September 24, 2020
Vancouver, BC – Engineer Gold Mines Ltd. (the “Company”) (TSXV: EAU) announce d today
that it has purchased the surface rights to eight Crown grants which cover a portion of the
Engineer Gold mine property located near Atlin in northwest British Columbia.
The purchase price of $300,000, payable to the Vendors includes the surface rights and mining
equipment located at the mine. The purchase price is payable as t o $100,000 down, which has
been paid, with the balance being secured by a mortgage of $200,000 payable on March 31,
2021 and June 30, 2022 as to $100,000 each with no interest payable.
Company President Andrew H. Rees commented “The Company already own s the mineral
rights under the surface Crown grants and this purchase enables the Company to carry out
further development work including proceeding with its plan to pursue high-grade bulk sampling
operations, which is a precursor to full scale mine development, without the necessity of having
to deal with third party surface owner interests. Management anticipates further disclosure with
respect to the next phases of development as operational plans are finalized”
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 Enginee r Go ld 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 company 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.
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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 Gol d M ines 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.