EnGold Resumes Exploration Program at Lac La Hache
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EnGold Resumes Exploration Program at Lac La Hache
For Immediate Release. June 4, 2020. Vancouver, BC. David H. Brett, President & CEO, EnGold
Mines Ltd., (TSX -V: EGM, “EnGold” or the “Company”) reports that exploration crews have
resumed work at the Company’s 100% owned Lac La Hache Property in the Cariboo Region of
Central BC. Prospecting of new gold, polymetallic soil anomalies di scovered in 2019 is underway
and drilling of the Ann North deep drill hole AN20 -01 will resume when wet ground conditions
improve, allowing access. The work is expected to be completed by the end of June, 2020.
Hole AN20-01 was drilled to a depth of 604 m etres in March and suspended due to concerns
around the novel coronavirus Covid -19. The Company plans to complete the hole to its original
target depth of 800 metres. The deep hole provides an initial test for evidence of alkalic porphyry
mineralization below the historic copper, gold and quartz -rich hydrothermal breccias outlined by
prior drilling closer to surface.
“We’re happy to be back exploring at Lac La Hache ,” said EnGold President & CEO David Brett.
“We are also anticipating the maiden G1 Copper Zone resource calculation and the Spout Copper
Deposit recalculations underway by SRK.”
The 2019 soil sampling program resulted in multiple new gold exploration targets on the property
including Aurizon West and Jodie grids As previously announced, detailed soil sampling programs
produced 93 sites which exceed the 95th percentile (>500 parts per billion gold) and 36 of these
exceed the 98th percentile (> 100 ppb gold). At Jodie more than 20 anomalous sites provide
prospecting targets, including a continuous 500 metre by 200 metre cluster of sites with gold
values up to 662 ppb (see image below). Images of the results for all areas can be found here ,
including contour maps for gold, silver, copper, molybdenum, nickel, tungsten, lead and zinc.
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Figure 1: Gold in B-horizon Soils, Jodie Grid. Dots represent sample sites, labelled with gold
assay results in ppb.
Rob Shives, P.Geo., EnGold VP of Exploration, stated : “We look forward to resuming our deep
test hole under the Ann North prospect, and to prospecting the many new, encouraging soil gold
anomalies in unexplored ground at 8000, Aurizon West and Jodie prospects”.
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 G old. 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.
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/
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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 caus e 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 indu stry, 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 operation s, future exploration programs and
operation plans and anticipated timing for completion of the next tranche of the financing. Although we believe the expectati ons
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 the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.