EnGold Drills 655 Metres of 0.14% Copper Equivalent at Ann North, Deep Hole at Aurizon Gold at 1200 Metres and Still Underway
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EnGold Drills 655 Metres of 0.14% Copper Equivalent at Ann North,
Deep Hole at Aurizon Gold at 1200 Metres and Still Underway
For Immediate Release . May 17 , 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 Copper Gold prospect and an
update on the Aurizon Gold Deposit deep drill ing currently underway , bo th located
within the Com pany’s 100% owned Lac La Hac he Property in the southern Cariboo
region of BC . Hole AN2 2-05 cut 0.14% Cu Eq. over 655m from 355m to 1010m ,
including more than a d ozen intervals ranging from 0.2 up to 1.68 % CuEq. Full results
of the Ann North hole are outlined in the table below. Results reported are core lengths
only as the geometry of the mineralized structure has not yet been determined. Hole
AZS22-82 is presently drilling below a depth of 1200 metres.
Following completion of the hole AN22 -05 at Ann North, a hole was collared at the
Aurizon Gold Deposit designed to extend the near-vertical structure to depth, more than
400m below the currently deepest, high -grade intersection . Hole AZS22-82 has
encountered a number of mineralized zones, with assays pending. Unexpectedly, at
approx. 1155m, a carbonate replacement style mineralized zone has been encountered,
including visible chalcopyrite, bornite, pyrite and magnetite with in epidote and
calcsilicate alteration of Nicola volcaniclastic ro cks. Quartz veining also occ urs in the
hole, containing chalcopyrite and native copper, at more than 1000m below surface.
“Our deep drilling program has confirmed a very large , mineralized zone at Ann North
and we are learning a g reat deal about the structure to guide future explora tion,” said
EnGold VP of Exploration Rob Shives, P.Geo. “We are pleasantly surprised at what we
are seeing at the bottom of the current Aurizon hole, which continues at a depth
approaching 1,300 metres.”
At Ann North, a se ries of deep (>900m) drill holes has successfully extended shallow,
historically defined mineralization from roughly 300m to more than 900m vertically , on
one section . The most recent hole, AN22 -05, intersected a very broad interval of low
grade mineralization (655m of 0.14% CuEq grading 0.1% Cu, 0.04gpt Au, 0.03 gpt Ag)
interpreted as the northern boundary of the western end of the Ann North prospect, as
delineated by a very prominent magnetic low. Strong potassic alteration and magnetite
depletion are associated with higher grade interv als within monzonite, monzodiorite and
quartz monzonite phases which host disseminated and fracture-controlled chalcopyrite,
bornite, pyrite and locally, trace molybdenite. AN22-05 has extended mineralization cut
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in previous holes, to the northern edge of the strong magnetic low anomaly, defining the
northern limit of the zone on section. Future drilling will continue testing the magnetic
low, extending near surface mineralization to depth.
Table 1: Weighted assay intervals for Ann North Zone
DDH From (m) To (m) Interval
(m)
Cu
(%)
Au
(g/t)
Ag
(g/t) Copper Eq.*
Cu+Au+Ag
AN22-05 355.00 1010.00 655.00 0.10 0.04 0.03 0.14
incl 370.00 374.86 4.86 0.14 0.07 0.17 0.20
incl 430.00 433.36 3.36 0.27 0.05 0.32 0.32
incl 459.73 464.00 4.27 0.17 0.06 0.23 0.23
incl 500.00 522.04 22.04 0.23 0.09 0.38 0.31
incl 533.84 552.00 18.16 0.23 0.09 0.33 0.31
incl 533.84 535.00 1.16 1.58 0.1 1.30 1.68
incl 570.00 583.05 13.05 0.21 0.08 0.57 0.29
incl 635.03 649.40 14.37 0.20 0.06 0.47 0.26
incl 661.50 699.00 37.50 0.12 0.04 0.32 0.16
incl 733.00 749.00 16.00 0.13 0.13 0.66 0.25
incl 761.00 809.00 48.00 0.15 0.03 0.29 0.18
incl 914.50 939.00 0.15 0.05 0.51 0.50
incl 967.50 984.00 16.50 0.16 0.07 0.55 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 0.8796) + (Silver (g/t) x 0.0112)
“Our 2021/2022 deep drilling program has greatly expanded our knowledge of the
geology of the Lac La Hache Property,” said EnGold President & CEO David H. Brett.
“We are well positioned to leverage our existing mineral resources as well as explore for
new mineralization at depth.”
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 co pper, go ld, 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 p orphyry mineralizing system. With w orld class
infrastructure at its doorstep, Lac La Hache is a great location to be exploring.
EnGold Mines Ltd.
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David Brett
President & CEO
For further info contact David Brett, 604-682-2421 or [email protected]
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