EnGold Provides Lac La Hache Exploration Update, Assays Pending
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EnGold Provides Lac La Hache Exploration Update, Assays Pending
For Immediate Release. November 12, 2020. Vancouver, BC. David H. Brett, President & CEO,
EnGold Mines Ltd., (TSX-V: EGM, “EnGold” or the “Company”) reports that its recent drilling
campaign has wound up at its 100% owned Lac La Hache Property, located in the Cariboo
region of British Columbia. Assays are pending for 320 core samples from 5 drill holes, 3 at the
G1 Copper Zone southern extension and 2 holes at the new Road Gold showing. Assays are
expected in early December. The Company has completed a total of 3,583 metres of drilling so
far in 2020. Also, resource calculations at the Spout & G1 Copper zones have been intentionally
delayed to allow time to incorporate the pending assay results from successful G1 drilling that
has extended the zone significantly to the south.
As announced Oct 20, 2020, the new Road Gold Zone discovery resulted from follow-up to a
cluster of strong soil Au-Cu geochem anomalies that occur within part of a 1,600 m long ground
magnetic low extending from Ann North Zone to the visible-gold-bearing Jodie showing, located
300 m to the south. The magnetic low is strongest and widest (~ 60 m) at the Road Gold zone,
where bedrock grab samples obtainable over 30 m assayed anomalous gold up to 2.5 gpt.
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Drilling designed to cut below the Road Gold Zone includes two shallow, 45-degree angled, NQ
holes (R20-01 and R20-02, 182 m total). Both encountered intense stockwork fracturing and
localized quartz veining, chalcopyrite and pyrite within highly K-altered monzonite. Although the
blocky nature of the core forced abandonment of both holes at 71 m and 111 m, respectively,
the recovered cores provide initial sampling (64 core samples) through the vertical projection
from surface of the currently defined zone. Assay results are expected after month-end.
“Similarities between Road Gold Zone and Aurizon South Gold Deposit continue to develop”
says Rob Shives, VP Exploration. “Both zones display intense, structurally controlled potassic
alteration, veining, fracturing, and mineralized hydrothermal brecciation within monzonite host
rock where magnetite destruction produces magnetic lows in cores and on the surface
geophysics.”
“As we advance our G1 & Spout Copper deposits through resource definition at Lac La Hache,
it’s exciting to be exploring a brand-new gold target there at the same time,” said EnGold
President & CEO David Brett. “Including the Aurizon Gold deposit and the many other
prospective areas on the property, Lac La Hache is a great place to be exploring.”
As previously reported, G1 Copper holes G20-49 – 51 encountered a new style of carbonate
replacement mineralization up to more than 100 m in true width above the targeted G1
favorable horizon outlined in previous drilling. This new style of lower grade but thicker
mineralization could have a significant positive impact on the size potential of the G1 Zone.
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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 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 those anticipated in our forward looking statements. Factors that could cause
such differences include: 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 manner. 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
believe 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 looking statements whether as a result of new information, future
events or otherwise, except as may be required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
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