EnGold Commences New Phase of Drilling at Lac La Hache
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EnGold Commences New Phase of Drilling at Lac La Hache
For Immediate Release. April 27, 2017. Vancouver, BC. David H. Brett, President & CEO,
EnGold Mines Ltd., (TSX-V: EGM, “EnGold” or the “Company”) reports a new, 10,000 metre, 20
hole next phase of drilling is now underway following up on its initial series of four holes at the
copper, gold, silver discovery area at the Company’s 100% owned Lac La Hache Property in the
Cariboo region of British Columbia (the “Property”). Also, EnGold has received assays from
Aurizon Gold drill hole AZS 17-64, hole G17-02, and lower, secondary intercepts in holes G17-
03 & G17-04 that are outside the main zone of mineralization. These results are tabulated
below.
“Over the next three months, this new phase of drilling at Lac La Hache will help us better
understand the geometry and geology of the discovery,” said EnGold VP of Exploration Rob
Shives, P.Geo. “The new gravity and existing mag data, combined with our knowledge of the
geology will be used to target new collar locations.”
Drill hole G17-05 was collared 150 metres due south of discovery hole G16-01 and hole G17-06
was collared 2500 metres to the north west of hole G16-01. Hole G17-05 was drilled to a depth
of approximately 515 metres and did not encounter the mineralized zone. Hole 17-06 remains
drilling and has not encountered material of sufficient density to explain the measured gravity
values, to the current depth of 475 metres.
“These two drill holes tested strong gravity responses where magnetic total field values were
relatively low. It appears that a combination of higher magnetic and gravity values may provide
better results as we continue to geologically calibrate and evaluate the new gravity data” said
EnGold VP Exploration Rob Shives. “Additional in-fill gravity surveying will be conducted to
more fully define the large northwestern anomaly prior to future drilling there.”
Drilling continues in the area of the discovery hole G16-01 to test extension of the open
mineralization in all directions, at 50 metre step-outs. Hole 17-07 has been collared to test 50
metres south of hole 17-03. The second drill rig will return to the discovery area to test 50 south
of G17-04.
“The next few months of drilling will be an exciting time for EnGold as we explore this
compelling new discovery,” said EnGold President & CEO David Brett. “The size potential and
distinctive style of the mineralization has ignited a tremendous amount of interest in the project.”
Following a break in surveying, the gravity geophysical crews are gearing up to return to the
project on or about May 5. An updated map of the gravity data has been uploaded to the
Company’s website.
Assay results from hole Aurizon Gold hole AZS17-64, G17-02 and previously unreported lower
portions of holes G17-03 & G17-04 are tabulated below.
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Table 1: COMPLETED Assays for DDHs G17-02, G17-03 and G17-04, located 50 m east and west (respectively) of Discovery DDH G16-01
Status DDH From (m) To (m) Interval (m) Cu (%) Au (g/t) Ag (g/t) Fe (%)
New Results G17-02 326.60 336.00 9.40 0.27 0.03 1.34 12.32
and 410.85 414.25 3.40 1.24 0.33 8.86 22.34
New Results G17-03 307.00 313.00 6.00 0.33 0.04 2.20 7.98
Previously
Released
and 337.30 359.00 21.70 1.22 0.17 5.96 30.06
including 343.00 349.00 6.00 1.76 0.16 8.00 34.23
New Results and 376.95 387.05 10.10 0.51 0.05 4.15 16.05
Previously
Released
G17-04 336.00 348.20 12.20 1.82 0.41 9.96 32.49
including 336.00 342.00 6.00 2.18 0.46 12.13 34.87
New Results and 423.83 425.12 1.29 0.70 0.06 5.50 21.30
Table 2: NEW assays, Aurizon Zone 2017 (Holes AZS17-63 & -65 abandoned due to faulting)
DDH From (m) To (m) Interval (m) Cu (%) Au (g/t) Ag (g/t)
AZS17-64 100.00 102.00 2.00 0.04 1.37 0.70
and 296.80 299.00 2.20 0.04 2.14 0.50
and 365.80 372.00 6.20 0.65 0.73 7.25
including 365.80 367.00 1.20 1.37 5.52 28.20
including 370.00 371.00 1.00 1.54 2.77 5.30
and 397.80 398.80 1.00 0.01 1.32 5.30
and 410.50 412.75 2.25 0.80 0.75 3.58
and 420.85 423.00 2.15 1.34 4.33 7.00
Quality Control/Quality Assurance Program
EnGold Mines Ltd follows procedures which ensure sample security, chain of custody and Quality
Assurance/Quality Control for all drilling and geochemical sampling, conforming to industry practices
defined by Canadian Institute for Mining, Metallurgy (CIMM) standards, and required for TSX-listed
companies by National Instrument 43-101.
All core was logged and photographed. Sampled intervals were sawed in half, bagged, sealed and
sent securely to ALS Canada Ltd for analyses. Half-gram samples were digested with aqua regia
acid then analysed by inductively coupled plasma-atomic emission spectrometry (ICP-AES) for 35
elements (ME-ICP41). A 30 gram split is analyzed for gold by fire assay with a gravimetric finish
(ME-GRA21). Copper values exceeding 1 percent were analyzed using aqua regia digestion with an
ICP-AES finish (ME-OG46) to improve accuracy and precision at higher grades. As part of our
comprehensive QA/QC program, one standard, one blank and one in-line replicate were inserted
into the sample stream in each group of approximately 20 samples in each analytical batch.
About EnGold
EnGold is focused on exploring its 100% owned mineral property located near the town of Lac
La Hache in BC’s prolific Cariboo mining region. 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 discovering and
developing mineral resources.
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About the Lac La Hache Property
The property lies within BC’s Quesnel Trough mineral belt, which hosts several past and
currently producing copper/gold/silver mines, including nearby Imperial Metals’ Mount Polley
copper-gold mine and New Gold Inc.’s New Afton copper-gold mine. The Company has drilled
numerous prospects on the property, including Spout copper-magnetite-gold-silver deposit (for
which a resource calculation has been reported and supported by an NI43-101 Technical
Report), the gold-rich Aurizon gold-copper-silver prospect and recent new discoveries with
porphyry and skarn copper/gold potential. Supported by significant local infrastructure including
powerlines, all season road access, rail and other amenities, the Lac La Hache project
demonstrates excellent logistics.
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.
Per/
David Brett, MBA
President & CEO
For further info contact David Brett, 604-682-2421 or [email protected]
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