EnGold Retains Leading Geoscience Firm EarthLabs for Lac La Hache Data Analysis & Drill Target Generation
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EnGold Retains Leading Geoscience Firm EarthLabs for Lac La Hache
Data Analysis & Drill Target Generation
For Immediate Release. September 14, 2022. Vancouver, BC. David H. Brett, President
& CEO, EnGold Mines Ltd., (TSX -V: EGM, “EnGold” or the “Company”) reports that the
Company has entered into a consulting services agreement with GoldSpot Discoveries,
a div ision of EarthLabs Inc. (TSX -V SPOT, formerly GoldSpot Discoveries Corp.) ,
whereby GoldSpot will appl y its world -leading machine learning, artificial intelligence
and geoscience expert ise to EnGold’s very extensive Lac La Hache exploration
database compiled over 30 years. The Lac L a Hache Project, located in BC’s Cariboo
region and 100% owned by EnGold, is a copper , gold property hosting three separat e
mineral deposits within a large Al kalic Porphyry system with significant potential for
discovery of new porphyries at depth as well as additional skarn and hydrothermal
breccia deposits closer to surface.
“The big -data revolution has come to mining and Canada’s GoldSpot is leading the
way,” said EnGold Presid ent & CEO David H. Brett. “Machine learning thrives on large
amounts of data, and Lac La Hache has a remarkable repository of exploration
information to guide our collaborative work with GoldSpot.”
“Two of EnGold’s three Lac La Hache deposits were discovered blind,” said EnGold VP
of Exploration Rob Shives, P.Geo. “We relied o n a complex overlay of geophysical,
geochemical, geologica l, drilling data to successfully predict the location of mineral
deposits that do not outcrop on surface. Our work with GoldSpot, I believe, will enable a
great leap forward in our targeting intelligence and thereby significantly enhance our
discovery potential.”
“We are happy to start working with EnGold on its Lac La Hache property. The datasets
collected by EnGold is perfectly suited for GoldSpot's AI workflow.” Comm ented Vincent
Dubé-Bourgeois, CEO and Director of EarthLabs Inc. “EnGold has shown the potential
of the Lac La Hache deposits and we are confident that GoldSpot's proprietary workflow
will help better understand the mineralization and help EnGold in the ex ploration
efforts.”
GoldSpot works with leading exploration and mining clients across all commodities and
deposit types, using cutting -edge technology and geoscientifi c expertise to mitigate
exploration risks and significantly increase the efficiency and success rate of miner al
exploration across resources. Recent successes by GoldSpot have demonstrated the
potential to expand resources and make new disc overies using its prop rietary AI
exploration techniques.
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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.
About EnGold
EnGold is a Van couver-based co pper, gold, silver, magnetite explo ration company
focused solely on its 100% owned Lac La Hache property in the Cariboo region of BC
which hosts the Sp out Copper Deposit, the Aurizon Gol d Deposit and the G1 Copper
Deposit and other targets within a large porphyry mineralizing system. With w orld 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 [email protected]
This news release contains “forward‐looking statements” within the meaning of Canadian securities legislation.
Forward‐looking statements include, but are not limited to, the expected use of proceeds of the financing. Such
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