EnGold Discovers New Exploration Targets with Visible Gold at Lac La Hache, Assays Pending
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EnGold Discovers New Exploration Targets with Visible Gold
at Lac La Hache, Assays Pending
For Immediate Release. June 11, 2020. Vancouver, BC. David H. Brett, President & CEO,
EnGold Mines Ltd., (TSX -V: EGM, “EnGold” or the “Company”) reports that the Company has
identified visible gold in bedrock at two new exploration targets on the Company’s 100% owned
Lac La Hache Property in the Cariboo Region of Central BC (the “Property”). The new finds were
made during p rospecting of gold, polymetallic soil anomalies defined in 2019 within previously
unexplored areas. Assays are being rushed and follow up work on the new zones is ongoing.
One of the new zones is located within the Aurizon West soil survey, 1100 m northwest of high
grade, quartz vein -hosted, visible gold/copper at Aurizon South Deposit. The Aurizon West
discovery contains multiple gold grains within a series of magnetite-pyrite-quartz-carbonate veins.
The other new zone was found while following up gold so il anomalies within the Jodie Grid,
located 2300 m due west of the Aurizon South Deposit. Visible gold has been observed within
narrow ( ~3 cm) intensely weathered veins containing limonitic clay gouge and quartz -pyrite-
chalcopyrite, similar in appearance to the weathered portions of high -grade veins at Aurizon
South.
“Our recent prospecting over the new soil anomalies commenced June 3 and has already
produced two new occurrences containing visible gold within bedrock located in the Aurizon West
and Jodie areas. ” said Rob Shives, P.Geo., EnGold VP of Exploration. “ We have not completed
our prospecting in either area, or on several additional gold, copper and silver soil anomalies.“
“The gold potential of Lac La Hache continues to grow,” said EnGold President & CEO David H .
Brett. “Finding visible gold at brand new showings is a very encouraging sign.”
Other ongoing exploration work related to the property includes planned completion of the deep
Ann North drill hole when ground conditions improve and completion of resource calculations at
the Spout and G1 copper zones by SRK.
About EnGold
EnGold (www.engold.ca) 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 engagem ent with local communities, the
Company is dedicated to driving shareholder and stakeholder value by discovering and
developing mineral resources.
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.
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Engold Mines Ltd.
Per/
David H. Brett, MBA
President & CEO
Contact: David Brett, 604-682-2421 or [email protected]
Forward Looking Statements: The informa tion in this news release contains forward looking statements that are subject to a
number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from th ose
anticipated in our forward looking statemen ts. Factors that could cause such differences include: changes in world commodity
markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to
regulations affecting the mining industry and fail ure to obtain regulatory approval in a timely manner. Forward -looking
statements in this release include statements regarding plans to raise financing for operations, future exploration programs and
operation plans and anticipated timing for completion of the next tranche of the financing. Although we believe the expectations
reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of
activity, performance or achievements. EnGold disclaims any obligations to update or revise any forward looking statements
whether as a result of new information, future events or otherwise, except as may be required by applicable law.
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.