EnGold Starts Deep Drilling of Alkalic Porphyry Copper-Gold Target at Lac La Hache
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EnGold Starts Deep Drilling of Alkalic Porphyry Copper-Gold Target at Lac La Hache
For Immediate Release. March 4 , 2020. Vancouver, BC. David H. Brett, President & CEO,
EnGold Mines Ltd., (TSX -V: EGM, “EnGold” or the “Company”) reports that drilling is now
underway at EnGold’s 100% owned Lac La Hache Property in the Cariboo Region of Central BC.
The Company’s first hole of 2020 will be the deepest in the history of the property, with a planned
depth of 800 metres. Encouraging results from past shallow drilling, geophysical data and
geological modeling indicate potential for a gold -rich alkalic copper porphyry source at depth.
Drilling of this hole is expected to continue through most of March, 2020.
As announced January 30 2020, the hole will be the first to test for deeper “roots” to the many
prospects and ne ar-surface deposits which collectively define a large alkalic porphyry system
spanning more than 7 km from Spout to Aurizon Deposits . The Ann North prospect is central to
this system and contains mineralized, silica -saturated, quartz monzonite intrusive ph ases which
host min eralized hydrothermal breccias and gold -rich quartz veins ( e.g. previously unreported
DDH AN04-21 cut a 1.2m core interval (true width unknown) grading 3.8% C opper and 47gpt
Gold). Many of the geological /geophysical attributes of the Lac La Hache system appear very
similar to well -known systems elsewhere, such as those within the Cadia -Ridgeway deposits in
Australia, Red Chris Deposit in northern British Columbia and others.
“Testing the deeper potential at Lac La Hache adds an exciting new dimension to EnGold’s more
established zones like Spout, G1 and Aurizon Gold, which are in the resource definition stages”
said EnGold CEO David Brett. “We’re also looking forward to exploring in Spring 2020 the many
new gold anomalies discovered in our 2019 soil surveys.”
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Figure 1Ann North Target
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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 communitie s, 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/
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 cau se 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 a pproval 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 fi nancing. 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.
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