President & CEO, EnGold Mines Ltd., (TSX -V: EGM, “En Gold” or the “Company”) is pleased to announce th at it will be restarting its exploration
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EnGold’s Exploration Program Restarting September 7, 2021
and Financing Update
For Immediate Release . September 2 , 20 21. Vancouver, BC. David H. Brett,
President & CEO, EnGold Mines Ltd., (TSX -V: EGM, “En Gold” or the
“Company”) is pleased to announce th at it will be restarting its exploration
program on September 7, 2021.
“With the challenges of BC’s extremely active 2021 wildfire season now behind
us, EnGold will be relaunching its exploration program at Lac La Hache next
week,” said EnGold VP of Expl oration, Rob Shives, P.Geo. “We are particularly
excited about the deep, alkalic porphry drilling at Ann North that will soon be
underway. Following up on the high grade gold results at Road Gold is also on
the near-term horizon.”
In addition, the Compan y announces that it will not be proceeding to close the
second and final tranche of the Company’s previously announced $8,000,000
non-brokered flow-through financing. Under the first tranche closing which was
announced on August 11, 2021, the Company recei ved proceeds of $4,000,000
from the issuance of 8,000,000 flow-through units at a price of $0.50 per unit .
Each unit consisted of one flow-through common share and one half of one
warrant, whereby each whole warrant entitles the holder to purchase one non-
flow-through common share at a price of $0. 75 per share for a period of two
years from the date of issuance.
“EnGold is well funded for a robust, long -term program of exploration at its 100%
owned Lac La Hache copper gold property,” said EnGold President and CEO
David Brett. “The board of directors is in unanimous agreement that the
Company is well positioned to secure any required additional funding for the
project in the future at terms that are favourable for EnGold shareholders.”
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 Vancouver -based copper , gold, silver, magnetite exploration
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company focused solely on its 100% owned Lac La Hache property in the
Cariboo region of BC which hosts the Spout Copper Deposit, the Aurizon Gold
Deposit and the G1 Copper Deposit and other targets within a large porphyry
mineralizing system. With world 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 statements and information are based on numerous assumptions regardi ng present and
future business strategies and the environment in which EnGold will operate in the future . Certain important
factors that could cause actual results, performances or achievements to differ materially from those in the
forward‐looking stateme nts include, amongst others, the global economic climate, dilution, share price
volatility and competition. Although EnGold has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward ‐looking statements, there may be other
factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that
such statements will prove to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place undue reliance on
forward‐looking statements. EnGold does not undertake to update any forward‐looking statements, except in
accordance with applicable securities laws.