EnGold Provides Lac La Hache Drilling Update
EnGold Provides Lac La Hache Drilling Update
Vancouver, British Columbia--(Newsfile Corp. - October 4, 2024) - David H. Brett, President & CEO,
EnGold Mines Ltd., (TSXV: EGM) ("EnGold" or the "Company") reports that the Company has received
assay results from a four-hole, 588-metre drill program carried out at its 100% owned Lac La Hache
Copper-Gold Property located within the prolific Quesnel Trough porphyry belt in the southern Cariboo
region of BC.
Two of the holes targeted the high-potential Road Gold Zone, where 2021 drilling returned values of up to
7.51 grams per tonne over 1.5 metres at a shallow depth of 59-61.5 metres. Discovered through
prospecting in 2021, Road Gold exhibits features that could indicate a possible hydrothermal breccia
system similar to the Aurizon Gold Deposit to the south of the property. Mineralization is related to K-
altered fracture zones in monzodiorite with the best values in brecciated material with clast rotation
suggesting hydrothermal brecciation, with the matrix containing magnetite, grey silica, specularite and
pyrite.
The two 2024 drill holes targeted areas that were below and on strike of the 2021 drilling and confirmed
highly anomalous gold values within the zone, as outlined in the table below.
"The Road Gold Zone has characteristics similar to the Aurizon South Resource structure," said EnGold
VP of Exploration Rob Shives. "Potassic alteration associated with fracturing, brecciation; sulphide-
associated gold; monzonitic host; the strike of the Aurizon Deposit is 020 degrees; a similar orientation
is indicated at Road Gold by a well-defined linear magnetic low; Aurizon Deposit also displays only
weak brecciation/fracturing and grades in the upper 120 meters from surface. Road Gold thus warrants
additional exploration."
Two initial holes were directed at artificial intelligence targets generated by ALS GoldSpot located
southeast of the Spout Copper Deposit. While the results of this drilling did not confirm a near-surface
extension of the Spout Deposit, the complex nature of the skarn mineralization and its relationship to the
geophysical data processed in the AI results warrant further interpretation and study. Results of the two
holes are outlined in the table below.
"Given recent record gold prices, EnGold plans to refocus exploration attention on the Aurizon Gold
Deposit," said EnGold President and CEO David Brett. "The size and grade of Aurizon, together with
higher metals values, are compelling and warrant a renewed look at the economics of the deposit."
In 2021, EnGold published an updated base-case Aurizon Gold 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, $1,600/oz gold and $3.00/lb copper.
Summary Table of Assay Results
Hole
From
To
Interval
Au
Ag
Cu
M
m
m
gpt
gpt
%
SL24-185
153.00
154.85
1.85
0.12
9.85
0.89
incl.
154.28
154.85
0.57
0.18
10.4
1.12
SL24-186
no significant assays
R24-05
17.60
22.50
4.90
0.22
0.9
0.12
incl.
19.60
20.50
0.90
0.88
4.2
0.58
28.00
39.00
11.00
0.12
0.15
0.03
53.00
56.50
3.50
0.3
0.07
0.02
incl.
54.25
54.75
0.50
1.78
0.4
0.03
61.00
64.00
4.00
0.14
0.01
0.01
R24-06
17.00
19.00
8.00
0.28
0.59
0.06
incl.
82.00
83.00
1.00
1.65
3
0.19
Note: Reported intervals are core lengths only as the geometry of the zones have not yet been
determined.
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.
About EnGold
EnGold is a Vancouver-based copper, gold, silver, and magnetite exploration company focused solely
on its 100% owned Lac La Hache property in the Cariboo region of BC which hosts the Spout Copper
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
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/225696