EnGold Assays Up to 25.6 gpt (0.82 opt) Gold at New Zone Near Aurizon South Deposit, Soil Results Reveal Seven Untested Gold Anomalies
EnGold Assays Up to 25.6 gpt (0.82 opt) Gold
at New Zone Near Aurizon South Deposit, Soil
Results Reveal Seven Untested Gold
Anomalies
VANCOUVER
,
Oct. 25, 2018
/CNW/ -
David H. Brett
, President & CEO, EnGold Mines Ltd., (TSX-
V: EGM, "EnGold" or the "Company") reports encouraging gold values in bedrock grab samples, up
to 25.6 gpt gold, from a recently discovered quartz-rich, well mineralized structure near the Aurizon
South Gold deposit on the Company's 100% owned
Lac La Hache
copper, gold, silver property in
the Cariboo region of BC. Bedrock grab samples collected along a 50 metre strike length exposed
to date returned multigram gold values of 3.3, 4.8, 5.2, 10.0, 11.3, 18.4. 23.0 and 25.6 and up to
3.97% copper. The results support additional surface work at Aurizon, as well as shallow drilling to
extend surface results laterally and to depth. See table below for full assay results. A map showing
the location of the results can be found on the Company's website here:
https://www.engold.ca/projects/maps-images/
EnGold's New Gold Zone Near Aurizon South, Soil and Rock Samples, Lac La Hache Property, BC.
(CNW Group/Engold Mines Ltd.)
Analytical results have now been received for all B-soil samples collected recently over the Aurizon
South Gold Deposit. New soil gold anomalies are indicated in 7 areas where no previous disturbance
or drilling has occurred, lying upslope from the drilling at Aurizon. The first and largest amplitude of
these anomalies is located approximately
50 m
southwest (upslope) of the original quartz-gold-
copper-silver vein discovered in 2016. As reported on
Oct 10, 2018
, prospecting here successfully
uncovered a deeply oxidized, quartz-pyrite-chalcocite-native copper bearing structure along a
50m
(to date) strike.
EnGold Mines Ltd
Lac La Hache Project
Aurizon Gold Deposit Area
New B-soil Au Anomaly
Selected Outcrop Grab Sample Assays
Sample No.
Au (gpt)
Ag (gpt)
Cu (%)
S325919
25.6
14.2
0.229
S325925
23
9.4
1.26
S325926
18.4
27.2
3.97
S325923
9.32
3.4
0.0281
S325915
5.24
2.6
0.42
S325920
4.75
8
0.66
S325922
3.29
1.4
0.0805
S325924
2.83
3.3
0.26
S325921
0.522
3.2
0.659
S325914
0.201
0.5
0.0625
"We designed and conducted the recent B-soil survey to detect anomalies related to the visible-gold-
bearing vein discovered in 2016, with hopes that more bedrock mineralization would be indicated,"
said EnGold VP of Exploration Rob Shives. "This certainly is the case, resulting in at least 7 targets
worthy of additional prospecting, and contoured patterns that support interpretation of the known
vein to the southeast towards the main Aurizon Gold structure. Prospecting over the first of these
anomalies has produced well mineralized samples, so we anticipate positive results elsewhere."
"These exciting results underscore the potential of the
Lac La Hache
property to host multiple
mineral deposits or different kinds," said EnGold CEO
David Brett
. "We're looking forward to
aggressively exploring this new gold zone as we continue to move the G1 and Spout copper targets
forward."
IP Results
Full results of the fall 2018 IP survey at
Lac La Hache
have now been received. Interpretation is
nearing completion and announcement of the results is expected soon.
About EnGold
EnGold is a
Vancouver
-based copper/gold exploration company focused solely on its 100% owned
Lac La Hache
property in the Cariboo region of BC. EnGold's vision is to identify and delineate
mineral resources at
Lac La Hache
that could potentially support an economically feasible and
environmentally sustainable underground mining operation. The Spout Deposit, the Aurizon Gold
Zone and the 2017 G1 Discovery, located within a 7-kilometer area on the property, are all
considered by EnGold to be potentially underground minable targets. EnGold's significant new
copper discovery in 2017 adds to the already extensively drilled Spout Copper Deposit and Aurizon
Gold zones. Discovery potential for new high-grade zones remains strong, and existing areas are
open for expansion. With world class infrastructure at its doorstep,
Lac La Hache
is a great location
to be exploring. EnGold's corporate philosophy rests on three interdependent pillars: Environment,
Engagement and Gold. Through sound environmental stewardship, commitment to transparent
engagement with local communities, the Company is dedicated to driving exceptional shareholder
and stakeholder value by fulfilling its vision to profitably supply valuable and much needed metals to
the global marketplace.
Rob Shives P.Geo
., VP Exploration and a Qualified Person as defined under National Instrument 43-
101, has reviewed and approved the technical content of this release.
EnGold Mines Ltd.
David Brett
President & CEO
This news release may contain "forward
looking statements". Readers are cautioned that any such
statements are not guarantees of future performance and that actual development or results may
vary materially from those in these "forward looking statements." 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.
SOURCE
Engold Mines Ltd.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/October2018/25/c8097.html
%SEDAR: 00007665E
For further information:
David Brett, 604-682-2421 or [email protected]
CO: Engold Mines Ltd.
CNW 09:00e 25-OCT-18