EnGold Intersects 63 Metre Mineralized Zone South of G1 Copper Zone at Lac La Hache
EnGold Intersects 63 Metre Mineralized Zone South
of G1 Copper Zone at Lac La Hache
For Immediate Release. August 23, 2018. Vancouver, BC. David H. Brett, President &
CEO, EnGold Mines Ltd., (TSX-V: EGM, “EnGold” or the “Company”) reports that the
second drill hole (GP18-42) of the Company’s current campaign testing new
geophysical targets within the “Gap Area” encountered a 63 m mineralized intersection.
GP18-42 core lengths are not true widths as the geometry of the new zone has not yet
been determined.
The current Gap Area drilling is targeting combined results from ground gravity, deep IP
and magnetic surveys. Positive deep IP responses have been observed over
mineralization at both Spout Deposit and G1 zone. and now, have been confirmed more
than 200 metres southeast of the G1 discovery hole G16-01 (previously announced,
26.6 m grading 1.76 % Cu, 0.27 gpt Au, 10.29 gpt Ag, 35.8 % Fe, including 14.0 m
grading 2.09 % Cu, 0.27 gpt Au, 12.34 gpt Ag and 36.4 % Fe).
The mineralized interval in GP18-42 (486-549 m), displays replacement style
chalcopyrite-pyrite-magnetite which validates the modeled geophysical patterns.
“We are now confident that the IP is responding reliably to the carbonate-
replacement/skarn style mineralization in three slightly different host-rock scenarios, at
Spout South, G1 and GP18-42,” said EnGold VP of Exploration Rob Shives, P.Geo.
“Planned new IP surveying will ensure that anomalies lying off the existing test line are
defined, including the extents of the strong G1 chargeability anomaly, now intersected
216 m away from the G1 discovery.”
Core processing continues for both completed holes. A third hole has been collared to
test high gravity and magnetic patterns approximately 370 m northwest of DDH G17-16.
“Identifying new mineralization over significant widths south of G1 Copper is very
encouraging,” said EnGold President & CEO David Brett. “The drill core as observed
confirms that the Spout-G1 corridor has excellent potential for discovery and expansion
of known copper-rich zones.”
Image illustrating selected “gap area” targets are located here:
https://engold.ca/projects/maps-images/ Hole GP18-42 corresponds to location “J” on
the Gap Area drill-plan map.
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 Zone and the 2017 G1 Discovery,
located within a 7-kilometer area on the property, are all considered by EnGold to be
potentially underground minable targets. EnGold’s significant new copper discovery in
2017 adds to the already extensively drilled Spout Copper Deposit and Aurizon Gold
zones. Discovery potential for new high-grade zones remains strong, and existing areas
are open for expansion. 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
For further info contact David Brett, 604-682-2421 or [email protected]
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.”
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