EnGold Plans Deep Drill Hole to Test Core of Large Porphyry System at Lac La Hache
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EnGold Plans Deep Drill Hole to Test Core of Large Porphyry System at Lac La Hache
For Immediate Release. January 30, 2020. Vancouver, BC. David H. Brett, President & CEO,
EnGold Mines Ltd., (TSX -V: EGM, “EnGold” or the “Company”) reports that EnGold plans to
commence a deep drill hole (up to 800 metres) in late February, 2020 at its Lac La Hache
Property to explore an area believed to potentially host the porphyry copper-gold “roots” of the
property’s many mineralized zones. The planned hole will be the first to test below the “Ann North”
prospect, where prior drilling by the company (early 2000s) encountered significant core lengths
(over 100 metres) grading 0.2% to 0.3% copper in hydrothermal breccias, at shallow depths.
“We have been building our resource through agglomeration of known and new discoveries for
some time at Lac La Hache” says Rob Shives, VP Exploration. “These results combined with
ongoing collection of new geochemical and geophysical information now provide evidence that is
very compelling, suggesting possible porphyry copper roots that have not been discovered yet.
We are very excited to test this in a few locations, starting with the Ann North a rea. Ideally, the
proposed hole will cut a significant interval of porphyry copper-gold-silver mineralization; however,
the additional geological information will be highly valuable, regardless.”
“EnGold has enjoyed many exploration successes at Lac La H ache focusing on closer to surface
copper/gold skarn & breccia deposits with mine making potential such as Spout, G1 and Aurizon,”
said EnGold President & CEO David Brett. “But drilling deeper has always been something
management and many shareholders have been very bullish about, and it ’s exciting to be going
ahead with this hole under the direction of our exceptional technical team.”
The exploration history at Lac La Hache is typical of porphyry districts worldwide, requiring
extensive, multi -year d rill programs and surveys to define the various parts within these large
magmatic-hydrothermal systems . Like other districts, mineralized skarns (e.g. Spout, G1,
Nemrud, others) and hydrothermal breccia deposits (Aurizon and others) at Lac La Hache are
created by metal -bearing fluids driven upwards by hot porphyritic intrusions at depth. As
exploration evidence builds, various mineral deposits formed by and within these large systems
may be successfully discovered, each providing strong evidence for the causative, mineralizing
porphyry intrusions at the system core. Some of these deposits may themselves offer potential for
economically viable small-scale extraction, especially if several can be agglomerated.
At Lac La Hache, these deposits include:
Volcanosediment-hosted, skarn/carbonate replacement magnetite -copper deposits at
Spout and recently discovered G1 zone;
Intrusion-hosted, gold-rich copper -gold-silver within hydrothermal breccias and related
fracturing at Aurizon Deposit;
Numerous contact-related copper zones near intrusive contacts;
Disseminated copper within intensely fractured, potassically altered porphyritic rocks
exposed in several locations, including Ann North-Berkey prospects.
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The alteration footprint associated with the entire system at Lac La Hache measures more than
10 kilometres east -west and five kilometres north -south. Within this, t he mineralization corridor
defined by the deposits/prospects extends 7 kilom etres fro m Spout North to Aurizon South ,
illustrated below.
Our exploration model incorporates all information to date. A simplified version , shown here
illustrates a drill hole targeting one of several areas with strong potential for porphyry copper
mineralization within the system core. This hole will commence near the end of February.
The planned hole tests the center of a circular “doughnut shaped” In duced Polarization (IP)
chargeability low (shown here), within a larger residual total field magnetic low (shown here)
associated with a strongly potassically altered quartz monzonitic intrusion, the only silica -
saturated phase observed to date at Lac La Hache.
Historical drilling in this Ann North area targeted the IP highs on either side of the central low,
intersecting pyrite with little copper in shallow holes (see cross section shown here) . Drill results
within the central IP low were much better, cutting chalcopyrite and trace bornite within
hydrothermal breccias and fractures (DDH 00-15 cut 125 m grading 0.2 % Cu, 0.3 gpt Au; DDH
00-16 cut 210 m grading 0.16 % Cu, 0.12 gpt Au; DDH 04-19 cut 105 m grading 0.29 % Cu, 0.33
gpt Au). However, this drilling was angled to the south, passing through the mineralization into
barren intrusion, and only to relatively shallow depths. 3 -D modeling of the IP data suggests the
IP low dips roughly 75-80 degrees to the west, in keeping with structu ral evidence of a 15 degree
tilt of the entire project geological package.
Our goal is to cut the known Ann North breccia -hosted mineralization well below existing drilling
and follow it into possible higher temperature, disseminated, porphyry style mineralization. Our
recently discovered Berkey Phase (0.45% copper as disseminated, coarse grained chalcopyrite
within intensely potassically altered syenitic intrusion) found on surface west of Ann North may
represent a small surface exposure of this (these) phase(s).
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About EnGold
EnGold (www.engold.ca) is focused on exploring its 100% owned mineral property located near
the town of Lac La Hache in BC’s prolific Cariboo mining region. 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 shareholder and stakeholder value by discovering an d
developing mineral resources.
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.
Per/
David Brett, MBA
President & CEO
Contact: David Brett, 604-682-2421 or [email protected]
Forward Looking Statements: The information in this news release contains forward looking statements that are subject to a
number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those
anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity
markets, equity markets, costs and s upply of materials relevant to the mining industry, change in government and changes to
regulations affecting the mining industry and failure to obtain regulatory approval in a timely manner. Forward -looking
statements in this release include statements re garding plans to raise financing for operations, future exploration programs and
operation plans and anticipated timing for completion of the next tranche of the financing. Although we believe the expectati ons
reflected in our forward looking statements ar e reasonable, results may vary, and we cannot guarantee future results, levels of
activity, performance or achievements. EnGold disclaims any obligations to update or revise any forward looking statements
whether as a result of new information, future events or otherwise, except as may be required by applicable law.
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