EnGold Drills 2.5 Metres of 11.40 Grams per Tonne Gold Equivalent at Lac La Hache, Drilling Ongoing, Many Assays Pending
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EnGold Drills 2.5 Metres of 11.40 Grams per Tonne Gold Equivalent at
Lac La Hache, Drilling Ongoing, Many Assays Pending
For Immediate Release . June 13 , 20 22. Vancouver, BC. Da vid H. Brett, President &
CEO, EnGold Mines Ltd., (TSX -V: EGM, “En Gold” or t he “Company”) reports that
assays from quartz veins encountered in an upper portion of drill hole AZS22 -83
targeting the Aurizon Gold Deposit at the Company ’s 100% owned Lac La Hache
Property in the Cariboo Region of BC have returned significant gold values, including
2.5 meters grading 11.40 AuEq and 7.11 metres grading 7.15 gpt AuEq, including 0.75
metres grading 79.21 gpt AuEq. The sections reported contained visible gold and were
assayed on a rush basis as the hole continues to a projected depth of 900+ metres,
which is expected to inte rsect the main Aurizon hydrothermal breccia structure . These
rush-assay results are tabulated below. Additional ass ays within this hole and hole
AZS22-82 are pending . All results are core lengths only as the true width of th e
structures reported have not yet been determined.
The Aurizon Gold Deposit, located near the southeast end of a 10 kilometre mineralized
corridor at Lac La Hache, contains an Inferred Mineral Resource of 1,991,000 tonnes at
a grade of 3.18 g/t AuEq, 2.32 g/t Au, 0.60% Cu and 5.3 g/t Ag based on a 2.0 g/t Gold
Equivalent c ut-off grade. Hole AZS22-83 is the second Aurizon Gold drill hole of
EnGold’s 2022 drill program . AZS22-82, d rilled to a depth of 1,2 35.37 metres,
encountered multiple mineralized zones (assays pe nding), but is interpre ted to have
deviated paralleled the main, steeply dipping Aurizon Gold structure . Hole AZS22-83 is
being drilled at a shallower angle , targeting a pierce point on the Aurizon structure at
approximately 700-800 metres below s urface, or about 200 metres abov e the planned
intercept of the prior hole.
Table 1: Weighted assay intervals for Aurizon South Deposit
DDH From (m) To (m) Interval
(m)
Cu
(%) Au (g/t) Ag (g/t) Copper Eq.*
Cu+Au+Ag
AZS22-83 41.50 44.00 2.50 1.02 8.80 81.80 11.40
incl 43.25 44.00 0.75 1.94 14.00 36.00 17.42
184.00 191.11 7.11 0.90 5.70 0.60 7.15
incl 188.75 189.25 0.75 0.06 79.10 1.80 79.21
Assumptions used for the copper equivalent calculation were metal prices in USD of $4/lb Copper,
$1,800/oz Gold, $23/oz Silver.
Recovery is assumed to be 100% as no metallurgical data is available.
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“These high grade structures, which are not included in our maiden Aurizon r esource,
are very encouraging,” said EnGold VP Exploration Rob Shives. “We continu e to see
strong evidence of a large, metalliferous Alkalic Porphyry system at the Property.”
“We see Aurizon as a potent ial stand-alone gold deposit, as well as a potential f eeder
into a multi-deposit mining model,” said EnGold President & CEO David H. Bre tt. “Our
strategy is to build out our current resources while exploring for brand new discoveries.”
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.
About EnGold
EnGold is a Vancouver -based co pper, go ld, silver, magnetite explo ration company
focused solely on its 100% owned Lac La Hache property in the Cariboo region of BC
which hosts the Sp out Copper Deposit, the Aurizon Gol d Deposit and the G1 Copper
Deposit and other targets within a large porphyry mineralizing system. With w orld 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 securities legislation.
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