EnGold Provides Lac La Hache Drilling Update
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EnGold Provides Lac La Hache Drilling Update
For Immediate Release . December 1 , 20 21. Vancouver, BC. Da vid H. Brett,
President & CEO, EnGold Mines Ltd., (TSX -V: EGM, “En Gold” or the
“Company”) reports that EnGold’s fall -winter program has co mpleted 4 deep
holes using two drills (3,343 m), with two additional holes (1400 m) in progress.
Drilling at the Ann North and G1 South areas indicate that anticipated
mineralized zones in both areas are getting wide r at depth. Due to backlogs at
analytical labs caused by the very busy exploration season in BC, assays from all
unreported 2021 holes remain pending , inclu ding Road Gold, with first results
expected late December and early January, 2022.
2004 drilling at t he A nn North Prospect defined porphyry copper mineralized
zones grading 0.2 - 0.25 % Cu and 0.3 – 0.35 gpt Au over 100 - 200 m intervals
at shallo w depths of less than 300m , within hydrothermal breccia and related
fracturing in quartz -monzonite and syenite. More recent 3D modeling o f the
historical geological, geophysical and assay data has shown the best
mineralization lies within a prominent magnetic low , surrounded by high
chargeability caused by p yrite. A clear association bet ween magnetite
destruction (hema tization) a nd the potassic alteration observed in drill cores
suggests the mag patterns reliably map the hydrothermal alteration system within
the multiphase Ann North intrusion. The core of the magnetic low appears fault
bounded and measures approximately 400 m N-S by 700m E-W, offering a large
target for exploration. Historical drilling has tested only 10% of this area, at
shallow depths.
The goal of our 2021-2022 Deep Drilling campaign at Ann North is to extend the
encouraging ne ar-surface mineralization to depth , testing fo r possibl y higher -
grade roots. Two holes (1,747m) have been completed (Figure 1). AN21-02 was
collared north of AN04 -19 and drill ed -70 to the so uth to a downhole depth of
916.53 m. The hole has successfully extended mineralization cut in AN04-19 by
200m down dip , and intersected visible chalcopyrite, bor nite, c halcocite and
molybdenite to more t han 750 m depth . AN21-03 was drilled vertically from the
same co llar to a depth of 830.35m, intersecting visible pyrite, chalcopyrite,
bornite, chalcocite and molybdenite, intermittently , to end of hole. The intense
potassic alteration and presence of quartz stockwork fracturing is also
encouraging.
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Figure 1
A third hole, AN21-04, currently underway, was collared along the southern edge
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of the magnetic anomaly and drilled -70 toward 320 Az. This hole will test for
new mineralized structures within previously undri lled shallow depths in the
south, will confirm dips t o known mineralized structures & young mafic dikes
which cut the zones, and will further test at depth.
Results at Ann Nort h to date based on visual observations of the new cores, is
encouraging and the Company eagerly awaits assay res ults from the bro ad
intercepts. Rob Shives, P.Geo., EnGold VP of Exploration said “Ann North has all
the ingredients necessary for hosting a pos sibly economic porphyry copper-gold-
silver deposit: The host intrusive is multiphase, including syenite, quart
monzonite, and fel dspar porph yritic monz onite; intense K -alteration; several
copper sulphide species including chalc opyrite, bornite, chalcocite and possibly
tennanite; locally intense stockwork fracturing , h ydrothermal brecciation and
quartz veining; all lying i n a strong magnetic low bordered by a pyritic, high
chargeability halo.”
The second drill mobilized to Lac La Hache in early October has also completed
two deep holes, in the G1 Deposit area, totaling 1,596 m (see Figure 2). In 2018,
G18-42, located 150 m south-east of the G1 Copper Deposit, intersected a 58 m
thick mineralized interval grading 0.55% CuEq. , formed by both lower-grade
porphyry copper style disseminated chalcopyrite AND higher-grade semi-
massive magnetite-copper replacements typical of G1 Deposit, grading 0. 55%
CuEq. This hybrid zone occurs considerably deeper than G 1 De posit and
suggests further exp loration to the east/sou theast is warranted , in search of a
possible porphyry copper intrusive source of G1. The new 2021 drilling has been
focused in this area.
G21-52, located 100 m due east of G18-42, intersected similar mineralization at
deeper depths and over a broader , 170 m core interval, pr ompting a second
step-out to the east, G21-53. Results in that hole indicate the trend is more
southerly and suggested a 100 m step-out to the south, as hole G21-54, currently
drilling.
“The drilling results at Ann North and southeast of G1 support our model that
deeper, alkalic porphyry potential exists in multiple locations across the Lac La
Hache Property,” said Rob Shives. “Our district-scale geological mo del predicts
common porphyry roots to several of the historical shallow prospe cts and
Deposits.”
“EnGold’s fall 2021 drilling program is progressing on time and on budget, ” said
EnGold President and CEO David Brett. “ While the assay delays are frustrating,
they indicate a highly encouraging province-wide exploration boom driven by
bullish outlooks on the metals EnGold is exploring and defining.”
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Figure 2
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Rob Shives P.Geo., VP Exploration and a Qualified Person as defined under
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 Hache 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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