EnGold Drills 478 Metres of 0.23% Copper Eq. at Lac La Hache Drill Program Resumes
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EnGold Drills 478 Metres of 0.23% Copper Eq. at Lac La Hache
Drill Program Resumes
For Immediate Release . March 10 , 20 22. Vancouver, BC. Da vid H. Brett,
President & CEO, EnGold Mines Ltd., (TSX -V: EGM, “En Gold” or the
“Company”) reports assays from deep drilling at the Ann North Alkalic Porphyry
target within the Company’s 100% owned Lac La Hache Property in the southern
Cariboo region of BC . Results include 478 m grading 0.23% C uEq between
345m and 823m within vertical hole AN21-03. The assay results indicate grades
are improving to the north, and hole AN22 -05 is now underway to test this
hypothesis. Please see table below for full results. Results from the G1 South
and Road Gold Zones are expected to be availa ble for release soon. All drill
intercepts are core length only as the geometry of the zone has not yet been
determined.
The second dr ill on the property will be mobilized to the Aurizon South Gold
Deposit to test below existing drilling where the structure is open and widening.
The Aurizon So uth Deposit hosts 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 cut -off grade and metal prices at USD$1,600/oz
gold, $3.00/lb. copper and $21/oz silver).
The Ann North structure appears to dip to the north, is open in all directions, has
been traced over a 400 m strike length to date, is approximately 350 metres thick
and has been drilled to a vertical depth of 900 m. The miner alization including
chalcopyrite, bo rnite and lesser pyrite is as sociated with intense potassic
alteration and fracturing/brecciation within porphy ritic monzonitic phases , typical
of alkalic copper deposits else where. The structure occurs along the no rthern
edge of lows in 3D-modeled Induced Polarization chargeability data and a larger,
strong magnetic low.
“Ann North continues to exhibit conditions for an Alkalic Po rphyry with significant
tonnage,” said EnGold VP of Ex ploration Rob Shives, P.Geo. “The long interval
within DDH AN21 -03 extends the shallow historical mineralization considerably
and is by far the longest mineralized intersection to date on the Project . Narrow
higher-grade intervals within that hole may increase with depth, improving overall
grades, similar to deeper zones within other d eposits. The currently drilling hole
AN22-05 will test this potential within the de eper, down-plunge extension to the
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north.”
Table 1: Weighted assay intervals for Ann North Zone, 2020, 2021
DDH From To Interval Cu Au Ag Copper
Eq.*
m m m % g/t g/t Cu+Au+Ag
AN20-1 229.00 515.00 216.00 0.15 0.05 0.40 0.20
incl 292.00 308.00 16.00 0.18 0.07 0.61 0.25
incl 396.15 412.00 15.85 0.27 0.08 0.54 0.35
incl 396.15 400.00 3.85 0.37 0.11 1.19 0.48
incl 398.45 398.65 0.20 2.11 0.63 6.30 2.73
AN21-02 213.00 267.00 54.00 0.16 0.08 0.35 0.23
incl 229.00 235.00 6.00 0.23 0.13 0.43 0.35
incl 243.00 243.75 0.75 0.83 0.14 0.90 0.96
358.00 713.00 355.00 0.11 0.04 0.24 0.15
incl 417.00 440.00 23.00 0.21 0.07 0.37 0.28
incl 560.00 566.00 6.00 0.31 0.15 0.57 0.45
incl 578.85 615.00 36.15 0.16 0.06 0.37 0.22
AN21-03 345.25 823.00 477.75 0.13 0.11 0.39 0.23
incl 473.00 550.00 77.00 0.25 0.16 0.35 0.39
659.00 665.00 6.00 0.37 0.79 1.60 1.08
AN21-04 441.00 589.00 82.00 0.11 0.03 0.22 0.14
799.00 811.00 12.00 0.17 0.1 0.27 0.26
*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 0.8796) + (Silver (g/t) x 0.0112)
“As drilling at Ann North continues, we look forward to drilling at Aurizon Gold for
the first time since 2018,” said EnGold President & CEO David Brett. “We believe
drilling at depth , on strike a nd in existing drilling gaps at Aurizon Gold has the
potential to significantly increase the tonnage and grade of the resource.”
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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 c ontent 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 H ache property in the
Cariboo region of BC which hosts the Spout Copp er Deposit, the Aurizon Gold
Deposit and the G1 Copper Deposit and other targets within a large porphyry
mineralizing system. With world 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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