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EnGold Mines Ltd.
Summary
| Project: | Lac La Hache | |
|---|---|---|
| Deposit: | Lac La Hache | |
| Location: | Canada | |
| Commodities: | Gold-Copper-Silver | |
| Date: | 5/17/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-5-2017: EnGold Mines Ltd. announces an Exploration/Drilling Update report for its Lac La Hache deposit at the Lac La Hache project. Drilling results incl. 6.05m @ 1.01% Cu, 0.18g/t Au, 8.02g/t Ag from 351.25m. May 17, 2017. Vancouver, BC. David H. Bret | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rob Shives (Internal) | |
| ABSTRACT: | May 17, 2017. Vancouver, BC. David H. Brett, President & CEO, EnGold Mines Ltd., (TSX-V: EGM, “EnGold” or the “Company”) reports assay results from two holes within the step-out drilling program designed to follow-up the previously announced copper, gold, silver, magnetite discovery drill hole G16-01. The area is located 1.8 km south of the Spout Skarn Deposit at the Company’s 100% owned Lac La Hache Property in the Cariboo region of British Columbia (the “Property”). It’s evident that the mineralization in this location appears to be narrowing to the south, east and west, as indicated by the local magnetic and gravity geophysical anomalies in this discovery area. The anomalies define a trend extending to the north of the discovery hole, where we will continue to test potential extension of the zone” said EnGold VP of Exploration Rob Shives, P.Geo. “The sub-horizontal stratigraphy which hosts the mineralization has a very predictable attitude in all drilling to date and this offers excellent initial targeting strategy. Although skarnstyle mineralization typically presents continuity challenges, we intend to use the combined magnetic and gravity patterns to significantly improve our drill targeting, both locally and regionally along the 5.5 kilometre anomalous trend of anomalies currently indicated.” Following a break in the ground gravity survey program, the geophysical crew has returned to the project to continue measurements required to in-fill and extend existing anomalies. In addition, gravity surveying will focus along the large aeromagnetic total field high that forms a large arc, extending west and north from the Spout Deposits. A second gravity survey crew may be added to accelerate this work. “Earlier this year, EnGold’s interpretation of gravity and magnetic geophysical data led to a drill hole that discovered a thick zone of significant mineralization,” said EnGold President & CEO David Brett. “That data indicates potential for mineralization with considerable size potential, and EnGold will be persistent in its exploration efforts in this exciting new area.” | |
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