President & CEO, EnGold Mines Ltd., (TSX -V: EGM, “En Gold” or the “Company”) reports assays from shallow drilling at t he Road Gold Zone has returned results of 7.51 grams per ton gold over 1.5 metres within a br oader
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EnGold Drills 1.5 m of 7.51 gpt Gold at Road Gold, Lac La Hache
For Immediate Release . March 17, 20 22. Vancouver, BC. Da vid H. Brett,
President & CEO, EnGold Mines Ltd., (TSX -V: EGM, “En Gold” or the
“Company”) reports assays from shallow drilling at t he Road Gold Zone has
returned results of 7.51 grams per ton gold over 1.5 metres within a br oader
intercept of 5.5 m grading 2.2 gpt gold in hole R21-03 between 55 m and 60.5 m
down hole. Full results of the two holes drill ed at Road Gold in 2021 are repor ted
in the table below. Road Gold lies within the Company ’s 100% owned Lac La
Hache Property in the southern Cariboo region of BC.
“These near-surface multi-gram gold results confirm Road Gold as a prospecti ve
target for follow up drilling, ” said EnGold VP Ex Rob Shives, P.Geo. “We are still
interpreting the Road Gold structure as it relates to a 1. 8 km geophysical
anomaly, indicating potentially significant strike extent.”
The Road Gold showing lies on part of an 1800 meter long, N-S trending, linear
magnetic low , interpreted as a fault controlled , magnetite-destructive, potassic
alteration corridor. The width of the magnetic low at Road Gold is 80 m (see
attached figure). Bedrock grab samples were collected across a 30 m portion of
the low where overburd en depth allowed , and these averaged 2.0 gpt Au .
Shallow d rilling to date has encountered strong potass ic alteration within fine
grained volcanic rocks , but intense fracturing, faulting and blocky drill core
prevented completion of the fir st three holes. Result to date are encouraging ,
suggesting additional testing at Road Gold and elsew here along the structure is
warranted.
“Road Gold is a recent discovery on the Lac La Hache Property that underscores
the abundance of potentially economic mineral deposits and occurrences along
the Property’s 10 km prospective trend ,” said EnGold President & CEO David
Brett. “The Spout and G1 Copper skarn deposits , Ann North porphyry copper,
Aurizon South & Aurizon Central gold (copper-silver) hydrothermal breccia zones
and other prospects, are all related to the Alkalic Porphyry system underlying the
Property. Our current, deep drilling program is testing depth exten t under several
zones.”
All drill intervals reported are core lengths only as the true wi dth of the structur e
has not yet been fully determined.
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Table 1: Weighted Assays Results from 2021 Shallow Drilling, Road Gold.
DDH From (m) To (m) Interval (m) Cu (%) Au (g/t) Ag (g/t)
R21-03 55.00 60.50 5.50 0.03 2.2 0.55
incl 59.00 60.50 1.50 0.05 7.51 1.60
R21-04 25.00 33.00 8.00 0.09 0.08 0.73
incl 25.00 27.00 2.00 0.07 1.26 0.70
incl 31.00 33.00 2.00 0.10 1.24 0.80
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Rob Shi ves P.Geo., VP Exploration and a Qualified Person as defined u nder
National Instrument 43-101, has reviewed and approved the technica l content of
this release.
About EnGold
EnGold is a Vancouver -based copper , gold, silver, magnetite explo ration
company foc used solely on its 100 % owned Lac La H ache property in the
Cariboo region of BC which hosts the Spout Copp er Deposit, the Aurizon Gol d
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
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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 regarding present and
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factors that could cause actual results, performances or achievements to differ materially from those in the
forward‐looking statements include, amongst others, the global economic climate, dilution, share price
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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
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accordance with applicable securities laws.