Increase in Size of Land Package at Engineer Gold Mine Property
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
Increase in Size of Land Package at Engineer Gold Mine Property
August 6, 2020
Vancouver, BC – Engineer Gold Mines Ltd. (the “Company”) (TSXV: EAU) announces
the acquisition of an additional 3,213 hectares in the area of the Engineer Gold Mine
property, 32 km southwest of Atlin, BC. The newly acquired claims increase the total
land package at the Engineer Gold Project to 18,319 hectares over a 25 km trend. Visit
the Company’s website at www.engineergoldmines.com/news to view an accompanying
property map to this news release.
Company President Andrew H. Rees c ommented “Management and ou r exploration
team are excited to have expanded the high-grade epithermal Engineer Gold Project
along a 25 km trend in northwestern British Columbia.”
Mr. Rees continued by stating “The southern portion of the Engineer Project contains
the Wann River prospect that includes the Discovery Trench , where historic samples
returned grades of 263 g/t gold “Au”. The c enterpiece of the Project, 4 km north of
Wann River is the hig h-grade Engineer Gold Mine tha t prod uced 18,000 oz Au
averaging 39 g/t and selected grab samples from levels 5, 6 , 7 and 8 in underground
workings reportedly assayed 44,142 g/t Au, 12,720 g/t Au, 3,180 g/t Au and 547 g/t Au,
respectively. Three km north of the Engineer Mine is the Happy Sullivan prospect where
an historic sample reportedly assayed 3,257 g/t Au. Six km further north of the Engineer
Mine is the newly acquired Tag deposit with an historic mineral resource estimate that
the company will end eavour to re -classify as a current mineral resource upon
completion of future work programs.”
In closing Mr. Rees stated, “Now that the Company has acquire d the land it deems
important to the Engineer Gold Project, and with gold prices recently breaking record
highs, we will immediately focus on obtaining the necessary approvals to complete high-
grade (+1 oz/t Au) annual bulk samples utilizing the Company’s operational mill in place.
The Company’s objective will be to leverage bulk sampling operations to proceed with
project wide exploration on what could be a significant epithermal gold project.”
The new ly acquired claims are primarily centered on Golden Mou ntain to cover the
continuation of significant structures at the recently examined Happy Sullivan prospect
and newly identified structures recognized by the Company during its current
exploration program, as well as structures and mineralization identified from historical
exploration and anomalous regional geochemical stream survey data identified by the
BC Geological Survey.
2
The northwestern claims cover an area proximal to a favourable flexure in the Llewellyn
fault system proximal to a significant intersec tion with a prominent, mineralized north-
northeast trending structure.
Jean Pautler, P. Geo., is the Company’s Qualified Person under NI 43 -101 with respect
to all technical disclosure relating to the Property.
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 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 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 Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts resp onsibility for the adequacy or accuracy
of this release.
This news rel ease contains certain forward looking statements which involve known and
unknown risks, delays, and uncertainties not under the c ontrol of Engineer Gold Mines Ltd.
which may cause actu al results, p erformance or achievements of E ngineer 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 uncertaint ies
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 Reg ulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the ad equacy or accuracy of
this release.
3