ALS GoldSpot Identifies Multiple New Targets at Lac La Hache, Outlines Potential for Significant Growth of Current Copper/Gold Resources
48232938.2
ALS GoldSpot Identifies Multiple New Targets at Lac La Hache, Outlines
Potential for Significant Growth of Current Copper/Gold Resources
For Immediate Release . March 6, 2023. Vancouver, BC. David H. Brett,
President & CEO, EnGold Mines Ltd., (TS X-V: EGM, “EnGold” or the
“Company”) reports that A LS GoldSpot Discoveries Ltd. has outlined 66 priority
exploration targets at the Company ’s 1 00% owne d Lac La Hache Copper
Property in the Cariboo region of BC (the “Property”). Several of the tar gets are
new, in previously undrilled areas , and some identify potential for significant
expansion of the Spout, G1 and Aurizon Deposits. The ALS GoldSpot targets are
the result of a months -long Artificial Intelligence/Machine Learning and domain
expert consultin g engagement, leveraging the P roperty’s vast exploration
database compiled over several decades of work.
“The ALS GoldSpot results indicate potential for at least a doubling of the
footprints of the Spout & G1 Copper skarn deposits and the Aurizon Gold/Copper
hydrothermal deposit,” said EnGold VP Explorat ion Rob Shives P.Geo. “The
analysis has also outlined several new targets in undrilled areas well outside the
primary 10 kilometer mineralized corridor at Lac La Hache.”
“With the bullishness around copper, we’re thrilled at these hi ghly encouraging
findings,” said EnGold President & CEO David H. Brett. “The ALS GoldSpot
insights will help guid e EnGold as we seek to expand our current ly outlined
deposits and as we look to discover more.”
The images below are derived directly from th e multi-layered Machine Learning
integrated target compilation, without editing, and are thus rich in information. We
have annotated existing areas of drilling/mineralization as black dashed polygons
and the ML predict ed expanded targets as red polygons, for each area show n.
White dots are existing collar locations and may lie outside the black polygons for
angled holes. Orange and brown cells mark areas with highest ranking. Although
50 meter cells are shown in these images, more detailed tar geting is possible
and will be conducted prior to drilling. Many additional targets are not shown. We
are excited to work with the multi -layered information produced by GoldSpot in
the coming months to fine -tune the 2023 and future exploration programs. To
view additional images showing Property overviews and all existing Deposits and
Prospect locations, please visit www.engold.ca.
48232938.2
48232938.2
48232938.2
48232938.2
Rob Shives P.Geo., VP Exploration and a Qualified Person as d efined u nder
National Instrument 43-101, has reviewed and approved the technica l content of
this release.
About EnGold
EnGold is a Vancouver -based copper , gold, silver, magnetite exploration company
focused solely on its 100% owne d Lac La Hache property in the Cariboo region of BC
which hosts the Spout Copper Deposit, the Aurizon Gold Deposit and the G1 Copper
Deposit and other targets within a large porphyry mineralizing system. With world class
infrastructure at its doorstep, Lac La Hache is a great location to be exploring.
EnGold Mines Ltd.
David Brett
President & CEO
For further info contact David Brett, 604-682-2421 or [email protected]
This news release contains “forward ‐looking statements” within the meaning of Canadian securitie s
legislation. Forward‐looking statements include, but are not limited to, the expected use of proceeds of the
financing. Such statements and information are based on numerous assumptions regardi ng present and
future business strategies and the environment in which EnGold will operate in the future . Certain important
factors that cou ld cause actual results, performances or achievements to differ materially from those in the
forward‐looking stateme nts include, amongst others, the global economic climate, dil ution, share pric e
volatility and competition. Although EnGold has attempted to identify important factors that could cause
actual results to differ materially from those containe d in forward ‐looking statements, there may be other
factors that cause result s not to be as an ticipated, estimated or intended. There can be no assurance that
such statements will prove to be accurate, as actual results and future events could differ mater ially from
those anticipated in such statements. Accordingly, readers should not place undue r eliance on
forward‐looking statements. EnGold does not undertake to update any forward‐looking statements, except in
accordance with applicable securities laws.