EnGold Provides Lac La Hache Exploration Program Update Aurizon Gold Resource Calculation Pending
EnGold Provides Lac La Hache Exploration Program Update
Aurizon Gold Resource Calculation Pending
VANCOUVER, Oct. 31, 2017 /CNW/ - David H. Brett, Pr esident & CEO, EnGold Mines Ltd., (TSX-V:
EGM, "EnGold" or the "Company") reports that EnGold exploration work at the Company's 100% owned
Lac La Hache Property in the Cariboo Region of BC i ncludes completion of 12 drill holes comprising
4,350 metres and the near completion of a resource calculation for the Aurizon Gold Zone.
Drilling in the Company's current phase has targeted three separate priority areas prospective for high
grade skarn-style copper, gold, silver mineralization found at the Company's 2017 discovery and the
Spout Deposit. Drill hole G17-29 at the discovery area successfully extended the mineralized zone an
additional 71m to the southwest, intersecting 21m ( true width) of skarn-style mineralized horizon for which
assays are pending. Of the 12 holes, 5 were step outs at the discovery area, 2 targeted the "G2" gravity
anomaly located 1.8km south east of the discovery, 2 targeted "G9" gravity/magnetic anomaly west of th e
Spout Deposit, and three short holes were drilled in the Berkey porphyry area. Maps showing the locati on
of the drill holes and anomalies can be found on the Company's website www.engold.ca
Results of four additional holes (G17-24, 26, 27, 34) at the discovery area confirm ground geophysical
responses, indicating the zone does not extend to the west or immediate south of Hole G17-23, or west of
Hole G17-15. New modeling of the ground gravity dat a indicates a strong anomaly located northeast of
the current drilling. Additional ground gravity surveying is required and is planned within the next two
weeks to better define and constrain this very encouraging anomaly.
Plans for the remainder of the drill program include testing of the new extended northeastern anomaly at
discovery area, and drilling of untested, down-dip areas of the Spout North high-grade copper deposit.
Previous drilling of the vertically dipping Spout North skarn structure focused primarily on near surf ace (to
60 metres) mineralization in support of a bulk tonnage, open pit resource model, whereas EnGold
envisages a potential high-grade underground model for the Spout Deposit.
Historical drilling at Spout North has produced some impressive results. DDH SL92-01, which was drilled
down the dip of the North Zone structure, intersected 64 m (core length, not true width) grading 1.2 % Cu,
before exiting into the footwall rocks. Subsequent drilling was better angled to cut through the vertical
North zone, predominantly at shallow depths: SL10-18 cut 8 m from 35 – 43 m downhole (5.7 m true
width), grading 5.4 % Cu, 0.9 gpt Au, 19.4 gpt Ag, 40 % Fe. Deeper intersections, below 100 m vertically
are rare: SL11-72 intersected 8 m from 372.1 – 380. 1m downhole (more than 300 m vertically below
surface, >2 m true width) grading 1.73 % Cu, 0.43 g pt Au, 4.6 gpt Ag, 47.5 % Fe. The zone remains open
to depth and on strike to the northwest.
The Aurizon Gold resource estimate is being prepared by independent geologist Garth Kirkham, P. Geo.,
of Kirkham Geosystems Ltd, who is a "qualified person" within the meaning of National Instrument 43-
101. Disclosure of the estimate is expected before the end of November 2017.
EnGold has paused the drill program for two weeks to allow for rotation of the Company's geological and
technical staff. The program will recommence approx imately November 15 th and continue into mid
December 2017.
"To date only about 40% of the expected Fall 2017 drilling has been completed, with initial testing at 2 of
several new gravity anomalies in addition to the discovery area, said VP of Exploration Rob Shives,
P.Geo. "We are evaluating those results while extending the discovery area through additional gravity
surveying and drilling in large step-outs. We encou raged by the emerging extension of a relatively larger,
stronger, anomaly to the northeast of discovery and look forward to drill testing there, following a brief
break."
"EnGold's objective is to building tonnes to include in a possible high-grade, low-cost underground
copper-gold-silver mining operation," said EnGold President & CEO David Brett. "We envisage the high
gold/copper/silver Aurizon material in the south and the copper/gold/silver skarn material from the
northern part of the property contributing tonnes to our overall economic model."
The two holes drilled at the G2 anomaly did not encounter the anticipated skarn mineralization and the
strong gravity data remains unexplained. Hole G2-17-28, drilled to 562 m downhole (487 vertical)
intersected a grey, fine-grained intrusion, with a 78 m (downhole) interval of volcanics containing some
magnetite and chalcopyrite veinlets. Within the volcanics, a 6m interval graded 0.45 % Cu, including 1 m
grading 1.11 % Cu. At G9, an area also described b y the Company as "Spout West," SW17-31
encountered unmineralized massive augite-phyric flows with densities above 3.0 (to 3.2) which may in
part explain the very large and strong gravity anom aly in that area. Hole SW17-35, drilled from the same
collar as SW17-31at 45-degree angle to a depth of 554.43m, encountered narrow (1-2m) zones of
moderate magnetite-copper mineralization.
About EnGold
EnGold ( www.engold.ca ) is focused on exploring its 100% owned mineral pr operty located near the town
of Lac La Hache in BC's prolific Cariboo mining reg ion. EnGold's corporate philosophy rests on three
interdependent pillars: Environment, Engagement and Gold. Through sound environmental stewardship,
commitment to transparent engagement with local com munities, the Company is dedicated to driving
exceptional shareholder and stakeholder value by discovering and developing mineral resources.
Rob Shives P.Geo., VP Exploration and a Qualified P erson 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
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."
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
SOURCE Engold Mines Ltd.
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%SEDAR: 00007665E
For further information: David Brett, 604-682-2421 or [email protected]
CO: Engold Mines Ltd.
CNW 09:30e 31-OCT-17