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EnGold Mines Ltd.
Summary
| Project: | Lac La Hache | |
|---|---|---|
| Deposit: | Aurizon | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 10/7/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-10-2016: EnGold Mines Ltd. announces an Exploration/Drilling Update report for its Aurizon deposit at the Lac La Hache project. Drill results incl. 3.05m @ 18.54g/t Au, 37.96g/t Ag, 1.49% Cu from 457.85m. For Immediate Release. October 7, 2016. Vancouve | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bernhardt Augusten (Internal) | |
| ABSTRACT: | For Immediate Release. October 7, 2016. Vancouver, BC. David H. Brett, President & CEO, EnGold Mines Ltd., (TSX-V: EGM, “EnGold” and the “Company”) reports that EnGold’s ongoing drill program at Aurizon has encountered significant gold, silver and copper values in a drill hole located over 100 metres on strike from previous drilling. Hole AZS16-53 intersected 3.05 metres grading 18.54 grams per tonne gold, 37.96 gpt silver & 1.49% copper, including 0.9 metres grading 57.8 gpt gold, 116 gpt silver & 2.99% copper between 457.85 & 460.9 metres down hole. EnGold’s 2016 drilling of hole AZS16-53 commenced at a depth of 328.27 metres to extend a 2009 drill hole that new geological modeling indicated had been stopped short of the zone. EnGold is in the process of completing its fourth hole at Aurizon and further assay results from the anticipated 3,000 metre program will be released as they become available. “These very encouraging results underscore the size and grade potential of the Aurizon hydrothermal breccia structure,” said EnGold CEO David Brett. “Our astute geological team seized on a great opportunity to test a deep target in a very economical manner.” The mineralized structure was interrupted by a post-mineral mafic dyke from 460.9m to 465.2m. The mineralized zone then resumed at 465.2m, yielding a second 10.8 metre intercept grading 1.56gpt Au, 0.3 Cu & 1.91gpt Ag. Gold and copper mineralizaton occurs within an intensely potassically altered and fractured intrusive host similar to previous intercepts in this structure. Reported intervals are core lengths and not true width, as true widths in this section have not yet been determined. | |
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