EnGold Drills 34 Metres of 0.54% Copper Equivalent South of G1 Copper Deposit, Lac La Hache
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EnGold Drills 34 Metres of 0.54% Copper Equivalent South of G1
Copper Deposit, Lac La Hache
For Immediate Release. March 28, 2022. Vancouver, BC. Da vid H. Brett, President &
CEO, EnGold Mines Ltd., (TSX -V: EGM, “En Gold” or the “Company”) reports assays
from drilling located 200 metres southeast of the G1 Copper Deposit has returned
results of 0.54 CuEq over 33.6 metres in Hole G21-52. The G1 Copper Deposit hosts a
maiden inferred resource of 1.71 million tonnes grading 1.65% CuEq and lies within the
Company’s 100% owned Lac La Hache Property in the southern Cariboo region of BC .
Full results of 2021 drilling south of G1 Copper are outlined in the table below. More
deep drilling is currently underway at the nearby Ann North Alkalic Porphyry prospect.
Drilling in 2021 target ed the down -dip/down-dropped extension of G1 Deposit to the
southeast, as indicated by mineralized intervals typical of G1 style (calcsilicate alteration
with chalcopyrite and magnetite) but also porphyry-style (chalcopyrite + potassium
feldspar + epidote + chlorite), at increasingly deeper depths (see drill section figure).
This structurally controlled, mineralized, alteration corridor is interpreted as a po ssible
feeder zone or metal source pathway , extending from a n undisco vered intrusion
responsible for the large and strong (>35mV/V ) IP chargeability anomaly located south
and east of G 1, where previous drilling encountered abundant pyrite. Results in DDH
G21-52 extend the copper mineralization 200 m beyond the current G1 Zone. Although
mineralization and alteration extend still further, beyond G21 -52, mineralized intervals
are narrow. This sugge sts future drilling is warranted east of G1, toward s the IP
chargeability anomaly.
“Potential to extend the G1 Copper Deposit is significant, as drilling to date in this area
has shown ,” said EnGold VP Ex Rob S hives, P.Geo. “Wider zones of lower grade
copper have been encountered as well as higher grade intervals.”
“The high-grade G1 Copper Deposit remains a key exploration target for EnGold, where
we have untested geophysical targets to the northeast, and broad zones of copper
mineralization to the south, ” said EnGold President & CEO David H. Brett. “Given
analyst bullishness around copper, EnGold will continue to seek way s to leverage our
in-ground copper resources at G1 and Spout.”
All drill intervals reported are core lengths only as the true wi dth of the structure has not
yet been fully determined.
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DDH From
(m) To (m) Interval
(m)
Cu
(%)
Au
(g/t)
Ag
(g/t)
Copper
Eq.*
G21-52 507.00 541.55 33.55 0.48 0.07 1.57 0.54
incl 523.20 538.00 14.80 0.70 0.1 2.28 0.78
551.00 557.00 6.00 0.24 0.02 0.50 0.26
581.00 589.00 8.00 0.21 0.02 0.58 0.23
648.00 652.00 4.00 0.23 0.02 0.21 0.24
718.00 720.00 2.00 0.41 0.03 4.70 0.47
G21-53 175.00 179.00 4.00 0.32 0.29 4.20 0.55
552.00 569.00 17.00 0.47 0.07 3.09 0.54
663.54 667.40 3.86 0.26 0.03 0.69 0.29
751.90 755.29 3.39 0.41 0.03 2.67 0.45
G21-54 604.00 606.00 2.00 0.37 0.04 2.40 0.42
618.00 624.00 6.00 0.32 0.05 1.93 0.37
699.00 701.00 2.00 0.21 0.02 0.25 0.23
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. The following equation was used to calculate
copper equivalence: CuEq = Copper (%) + (Gold (g/t) x 0.66) + (Silver (g/t) x 0.01)
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Rob Shives P.Geo., VP Exploration and a Qualified Person as defined u nder National
Instrument 43-101, has reviewed and approved the technical content of this release.
About EnGold
EnGold is a Vancouver -based copper , gold, silver, magnetite explo ration company
focused solely on its 100% owned Lac La Hache property in the Car iboo 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]
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and the environment in which EnGold will operate in the future. Certain important factors that could cause actual
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amongst others, the global economic climate, dilution, share price volatility and competition. Although EnGold has
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