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EnGold Mines Ltd.
Summary
| Project: | Lac La Hache | |
|---|---|---|
| Deposit: | Aurizon South Gold Zone | |
| Location: | Canada | |
| Commodities: | Gold-Copper-Silver-Iron | |
| Date: | 1/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-1-2018: EnGold Mines Ltd. announces a Resource Estimation report for its Aurizon South Gold Zone deposit at the Lac La Hache project. Initial Mineral Resource for the Aurizon South deposit. For Immediate Release. January 19, 2018. Vancouver, BC. David | |
| Resources: | (Resource, Inf.): 1.073Mt @ 2.48g/t Au 0.64% Cu, 5.98g/t Ag at Aurizon South | |
| CP/QP: | [Resources]: Rob Shives (Internal) | |
| ABSTRACT: | For Immediate Release. January 19, 2018. Vancouver, BC. David H. Brett, President & CEO, EnGold Mines Ltd., (TSX-V: EGM, “EnGold” or the “Company”) reports that independent geologist Garth Kirkham, P.Geo., of Kirkham Geosystems Ltd (“KGL”), has completed and provided to EnGold a maiden Mineral Resource Estimate on the Aurizon South Gold Zone located within the Company’s 100% owned Lac La Hache Property in the Cariboo Region of BC. The Lac La Hache Property comprises multiple mineralized zones including the Spout Copper Deposit (SRK 43-101 Technical Report available online here), a new copper-gold-silver zone south of Spout discovered in 2017, the Aurizon Central Gold Zone, the Aurizon South Gold Zone, and several other prospects within a large porphyry-copper mineralizing system. The maiden, base-case Aurizon South inferred resource estimate, using a 2.5 gpt cut-off grade, totals 1,073,000 tonnes grading 3.6 gpt gold equivalent containing 124,206 ounces of gold equivalent. See tables below for additional detail, including estimates based on higher and lower cut-off grades. Recent metallurgical testing completed by ALS Metallurgy on Aurizon South drill core materials showed recoveries of 95%, 92% and 90% for copper, gold and silver respectively. “This initial estimate at Aurizon South, which is open for expansion, adds important value to the Lac La Hache project, where excellent infrastructure greatly enhances the attractiveness of currently outlined copper resources at Spout, the high-potential 2017 discovery area, and many other exciting prospects on the property,” said EnGold President & CEO David Brett. “EnGold’s goal is to identify multiple potentially underground minable deposits within the property that could support an economically viable, multi-zone operation in the future.” | |
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