EnGold to Recommence Drilling at Lac La Hache March 23rd, Expands Land Package by 25%
EnGold to Recommence Drilling at Lac La
Hache March 23rd, Expands Land Package by
25%
VANCOUVER
,
March 20, 2019
/CNW/ -
David H. Brett
, President & CEO, EnGold Mines Ltd.,
(TSX-V: EGM, "EnGold" or the "Company") reports drilling at EnGold's 100% owned
Lac La Hache
property in the Cariboo region of BC will recommence
March 23
rd
, 2019, focusing on high-grade
gold mineralization near the Aurizon Gold Deposit. The 6-hole shallow drilling program will target
gold bearing quartz veins and silicified zones discovered on surface via 2018 soil sampling and
prospecting, where previously reported hole AZS18-69 cut 12.75 gpt Au, 7.5 gpt Ag & 0.27% Cu
over 1.64 within a larger intercept grading 5.82 gpt Au, 5.47 gpt Ag & 0.16% Cu over
3.9 m
. Also,
EnGold has added 4,908 hectares to the Lac La Hache Property by staking and purchase,
increasing its size by approximately 25% to 25,750 hectares. The property expansion was
undertaken partly in response to recent large-scale claim staking by major mining companies up to
the borders of the Property (see map below).
Lac La Hache Area Key Landholder Map (CNW Group/Engold Mines Ltd.)
At-surface, gold-copper-silver mineralization at Aurizon occurs within a series of narrow, quartz-
carbonate, sulphide rich veins in a number of new showings resulting from follow-up to 2018 soil
geochemical anomalies, lying in the hanging wall west of the Aurizon Resource structure. The current
drill program will test continuity between the new showings and possible extensions.
"Our recent surface work combined with historical drill results within the very few holes which cut
below the new showings, suggest continuity from surface to depths of
563 m
vertically, within the
new vein structure. This is separate from the previously defined quartz-vein and the Main Aurizon
Resource and suggests potential for yet additional undiscovered multi-gram gold (copper-silver)
veins is excellent" says VP Exploration Rob Shives.
"The high-grade quartz structures near Aurizon represent an exciting new area of discovery potential
for EnGold, added to the multiple other high-priority targets at
Lac La Hache
," said EnGold CEO
David Brett
. "The recent acquisition of large land positions in the area by major mining companies is
another encouraging and exciting development."
About EnGold
EnGold is a
Vancouver
-based copper/gold exploration company focused solely on its 100% owned
Lac La Hache
property in the Cariboo region of BC. EnGold's vision is to identify and delineate
mineral resources at
Lac La Hache
that could potentially support an economically feasible and
environmentally sustainable underground mining operation. The Spout Deposit, the Aurizon Gold
Deposit and the 2017 G1 Copper Discovery, located within a 7-kilometer area on the property, are
all considered by EnGold to be potentially underground minable targets. With world class
infrastructure at its doorstep,
Lac La Hache
is a great location to be exploring. 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 exceptional shareholder and stakeholder value by fulfilling its
vision to profitably supply valuable and much needed metals to the global marketplace.
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.
David Brett
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:
contact David Brett, 604-682-2421 or [email protected]
CO: Engold Mines Ltd.
CNW 09:00e 20-MAR-19