Latest Exploration Results Ne of Historic Engineer Workings
LATEST EXPLORATION RESULTS NE OF HISTORIC ENGINEER WORKINGS
January 12, 2021
Vancouver, British Columbia – Engineer Gold Mines Ltd. (the “Company” or “Engineer”) (TSXV:
EAU) is pleased to announce the latest exploration results from the Happy Sullivan - Bee Peaks
area on the Company’s Engineer Gold Mine Property . Results from exploration in this area,
completed earlier in the summer, were released in news releases dated August 20 and December
17, 2020 which can be viewed on the Company’s website. Happy Sullivan - Bee Peaks is located
3 km northeast of the Company’s historic Engineer Gold Mine and has never been drilled.
The additional results obtained include an average of 1.21 g/t Au from six grab samples of quartz
vein, stringer and quartz-argillite breccia, with crustiform textures, approximately 0.7 to 1.1 km
northeast of the main Happy Sullivan adit. The samples rang ed from 0.37 to 2.58 g/t Au ,
accompanied by anomalous silver, and high arsenic, antimony, ±mercury . This geochemical
signature suggests a high vertical level within the epithermal system, which has not been tested
at depth. The mineralization is associated with north-easterly trending lineaments, which appear
to converge at Happy Sullivan. Previous exploration concentrated on tracing the Happy Sullivan
veins to the north as opposed to the east-northeast to northeast.
Company President, Andrew H. Rees, states “We are looking forward to exploring the emerging
northeasterly trend of the Happy Sullivan - Bee Peaks system by prospecting/mapping and
induced polarization geophysics, and testing the depth potential of the system by diamond drilling
in 2021.”
All samples were sent to Activation Laboratories Ltd (“Actlabs”), Kamloops for sample preparation
and analysis. Gold assays were completed by metallic screen fire assay analysis by method code
1A4-1000, where the entire sample is crushed to 80% - 2mm and a 1000g sample split is
pulverized and sieved to 149μm (100 mesh) with gold analyzed by fire assay on the entire +149μm
fraction and two splits of the -149μm fraction. A final gold assay is calculated based on the gold
content and weight of each fraction. All samples were also analyzed for 38 additional elements
by method code 1E3 involving aqua regia digestion of a 0.5g sub-sample followed by Inductively
Coupled Plasma - Optical Emission Spectroscopy (ICP-OES) analysis. Additional quality control
samples are regularly analyzed by the laboratory and include blanks, certified reference materials,
and duplicates of crushed and pulverized material. Actlabs is ISO/IEC 17025:2017 accredited for
the procedures performed.
The technical information in this news release was reviewed by Jean Pautler, P.Geo., a qualified
person with respect to NI 43-101.
About Engineer Gold Mines Ltd.
Engineer Gold Mines Ltd. is focused on reestablishing gold production at the Company’s 100% -
owned, historical high-grade Engineer Gold Mine, 32km southwest of Atlin, BC. Exploration and
development work has identified numerous high-grade vein and shear-hosted bulk-tonnage gold
targets over the Company’s 25 km long (18,319 hectare) contiguous claim grouping, which
includes prospects: Wann River, 5 km to the southwest; Happy Sullivan, 3 km to the northeast;
and TAG, acquired in 2020, 7 km to the north, of the historical Engineer Mine.
For additional information please visit the company website at www.engineergoldmines.com.
On Behalf of the Board of Directors
Engineer Gold Mines Ltd.
“Andrew H. Rees”
Mr. Andrew H. Rees
President
Contact Information:
Andrew H. Rees: 604-505-3739
Email: [email protected]
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 state ments. By their nature, forward -looking
statements involve risk and uncertainties because they rela te 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.