EnGold Drills 12.75 Grams Per Tonne Gold, 7.5 gpt Silver & 0.27% Copper Over 1.64 Metres at Lac La Hache Project Within a Larger Intercept Grading 5.82 gpt Gold, 5.47 gpt Silver 0.16% Copper Over 3.9 Metres
EnGold Drills 12.75 Grams Per Tonne Gold, 7.5
gpt Silver & 0.27% Copper Over 1.64 Metres at
Lac La Hache Project Within a Larger Intercept
Grading 5.82 gpt Gold, 5.47 gpt Silver 0.16%
Copper Over 3.9 Metres
VANCOUVER
,
Jan. 9, 2019
/CNW/ - David H. Brett, President & CEO, EnGold Mines Ltd., (TSX-V:
EGM, "EnGold" or the "Company") reports that assay results from the Company's most recent
drilling campaign have returned significant intercepts of high-grade gold mineralization near the
Aurizon Gold Deposit, located within EnGold's 100% owned
Lac La Hache
property in the Cariboo
region of BC. The drilling targeted gold bearing quartz veins and silicified zones discovered on
surface via 2018 soil sampling and prospecting, just west of the Aurizon Deposit structure. All 7
short holes (
484 m
total) encountered mineralization, with the best intercepts being AZS18-69 which
cut 12.75 gpt Au, 7.5 gpt Ag & 0.27% Cu over 1.64 within a larger intercept grading 5.82 gpt Au,
5.47 gpt Ag & 0.16% Cu over
3.9 m
and AZS18-68 that cut 13.60 gpt Au, 12.60 gpt Ag & 1.87% Cu
over
0.94 m
. AZS18-68 also cut another intercept further down the hole, grading 5.12 gpt Au, 2.40
gpt Ag & 0.05% Cu over
2.18 m
. All significant assays are tabulated below. Intercepts are reported
as core lengths as the true width of the mineralized zones has not yet been determined.
Fall 2018 Aurizon South Shallow Drilling - Collar locations, orientations, Assay Summary
DDH
E
N
Elev.
Dip
Az
EOH
Au
Cu
Ag
Interval
From
To
NAD 83 Zone 10 m
mASL
deg
deg
m
g/t
%
g/t
m
m
m
AZS18-66
617757
5757679
1429
-50
260
26.82
0.93
0.10
1.16
4.12
10.33
14.12
including
3.30
0.36
3.50
0.29
10.33
10.62
including
4.26
0.28
4.80
0.33
14.12
14.45
AZS18-67
617757
5757679
1429
-60
260
45.11
11.65
1.03
11.20
0.10
15.54
15.64
2.14
0.97
7.40
0.70
19.55
20.25
AZS18-68
617757
5757679
1429
-70
260
103.30
4.12
0.09
3.00
0.20
28.37
28.57
1.73
0.06
1.20
1.50
30.50
32.00
1.85
0.31
2.60
1.04
33.46
34.50
4.14
0.22
4.10
0.42
38.80
39.22
13.60
1.87
12.60
0.94
62.63
63.57
5.12
0.05
2.40
2.18
94.75
96.93
AZS18-69
617757
5757679
1429
-60
286
75.90
5.82
0.16
5.47
3.90
7.10
11.00
including
12.75
0.27
7.50
1.64
7.10
8.74
AZS18-70
617757
5757679
1429
-60
220
108.50
3.39
0.96
7.80
1.00
26.05
27.05
2.13
0.19
2.90
0.20
50.50
50.70
1.37
0.09
22.25
3.25
76.00
79.25
AZS18-71
617789
5757678
1424
-55
40.00
66.75
0.21
0.84
5.40
0.20
46.60
46.80
AZS18-72
617789
5757678
1424
-53
85.00
57.61
0.56
0.02
4.30
0.44
37.00
37.44
Fall 2018 Aurizon South Bedrock Grab Sample Assay Results (CNW Group/Engold Mines Ltd.)
Assays have also been received for grab samples collected from two
new
bedrock exposures,
including 59.1 gpt Au, 77.7 gpt Ag, 2.4 % Cu, 18.55 gpt Au, 30.3 gpt Ag, 0.6% cu, 13.6 gpt Au, 5.8
gpt Ag, 0.3 % Cu and 6.9 gpt Au, 12.9 gpt Ag, 0.3 % Cu. A map showing the locations of new and
previously announced grab sample can be viewed here:
https://www.engold.ca/projects/maps-images/
"These strong gold assays confirm that an exciting new area of exploration potential is emerging at
Lac La Hache
," said EnGold President & CEO
David Brett
. "This new area of high-grade quartz
veins is added to the
Lac La Hache
7-kilometer trend of highest potential, including the high-grade
copper skarn to the northwest at Spout and G1, underexplored porphyry potential in the middle, and
the Aurizon Gold deposit to the southeast."
Assay results have also be received from the initial two holes (DDH18-44 and 18-45) testing a high
intensity (up to 38 mV/V) and large (
1500 m
x
1000 m
) Induced Polarization (IP) chargeability
anomaly located approximately
1000 m
east of the G1 Copper Zone. The size and location of the
anomaly may have important genetic implications relating to the copper-magnetite replacement style
mineralization at G1, where weak positive IP responses coincide with semi-massive magnetite-
copper and a broad
58 m
interval of "porphyry-style" alteration grading 0.47 % Cu. As expected,
the first two holes within the IP anomaly intersected very strong pyrite mineralization, but with low
copper values at the locations drilled. The results will be incorporated into future targeting in this
area.
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
Deposit and the 2017 G1 Copper Discovery, located within a 7-kilometer area on the property, are
all considered by EnGold to be potentially underground minable targets. 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/January2019/09/c8578.html
%SEDAR: 00007665E
For further information:
David Brett, 604-682-2421 or [email protected]
CO: Engold Mines Ltd.
CNW 17:03e 09-JAN-19