EnGold Provides Lac La Hache Drilling Update, Assays Pending
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EnGold Provides Lac La Hache Drilling Update, Assays Pending
For Immediate Release. March 30, 2020. Vancouver, BC. David H. Brett, President & CEO,
EnGold Mines Ltd., (TSX-V: EGM, “EnGold” or the “Company”) reports that 174 drill core samples
have been collected from 339 of 604 metres drilled to date within the previously announced deep
drill hole at the Ann North area of EnGold’s 100% owned Lac La Hache Property in the Cariboo
Region of Central BC. Hole AN20-01 was paused at a depth of 604 m, before its planned depth of
800 m , due to possible hole deviation away from the target zone . The decision to delay
completion of the hole also involved factors arising out of the Covid -19 crisis, in cluding delay in
delivery of downhole survey equipment and concerns for worker safety. The sampled intervals are
from better than expected shallower sections and the current bottom of the hole. The drill has
been left on the collar and the hole will be res umed following release of assays from the upper
sections, the deviation survey of the hole, and when it is safe to do so.
“I am pleased with the progress of the hole to date, but had reason to believe the hole was
deviating from its intended trajectory,” said EnGold VP of Exploration Rob Shives, P.Geo.
“Without our downhole deviation survey tool on site, and given the growing concerns and effects
of the Covid -19 restrictions on our staff, drill crew and Lac La Hache services , pausing the hole
was our best bet.”
Geologically, this hole has provided encouragement, intersecting quartz-bearing intrusive phases
not seen elsewhere on the project except at Ann North, with intense potassic alteration, sparsely
distributed, narrow hydrothermal breccia veins, quartz -sulphide veins with chalcopyrite, bornite
and tentatively identified chalcocite , and disseminated and vein -hosted molybden ite (latter not
observed elsewhere within the 7 -km mineralized corridor at Lac La Hache) . Alteration remains
very strong at the current bottom of the hole, which has been sampled, containing traces of
chalcopyrite and bornite. Our assay lab at ALS Vancouv er remains operational and we expect to
receive assay data before the end of April, depending on Covid-19 developments.
“While abiding by best practices and social distancing measures, operating a drill program during
the Covid-19 crisis proved increasingly challenging,” said EnGold President & CEO David Brett .
“EnGold relies on the excellent local services in Lac La Hache for room and board of crews, which
are all affected by the new heath restrictions. EnGold wishes the best for Lac La Hache and the
entire the Cariboo region and hopes for a speedy return to normal operations.”
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 dedi cated to driving shareholder and stakeholder value by discovering and
developing mineral resources.
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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 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 th ose
anticipated in our forward looking statements. Factors that could cause such differences inclu de: changes in world commodity
markets, equity markets, costs and supply 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 manne r. Forward -looking
statements in this release include statements regarding 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 beli eve the expectations
reflected in our forward looking statements are 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 loo king statements
whether as a result of new information, future events or otherwise, except as may be required by applicable law.
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Exchange) accepts responsibility for the adequacy or accuracy of this release.