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EnGold Mines Ltd.
Summary
| Project: | Lac La Hache | |
|---|---|---|
| Deposit: | Lac La Hache | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/22/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-3-2017: EnGold Mines Ltd. announces an Exploration/Drilling Update report for its Lac La Hache deposit at the Lac La Hache project. Drilling results incl. 5.66m @ 1.14% Cu, 0.23g/t Au, 5.1g/t Ag, 19.7% Fe from 421.66m. David H. Brett, President & CEO, | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rob Shives (Internal) | |
| ABSTRACT: | David H. Brett, President & CEO, EnGold Mines Ltd., (TSX-V: EGM, “EnGold” or the “Company”) reports additional assays from the bottom of discovery hole G16-01 and that the Company has completed the second of several planned follow-up drill holes. The Company is moving a second drill rig from Aurizon to the new area, and has commenced detailed gravity surveying. As previously reported (March 1, 2017) DDH G16-01 targeted a large new gravity/magnetic anomaly located within an unexplored part of the Project, located approximately 1.8 km from the known mineralization at Spout Deposits. The new hole encountered 1.76% copper, 0.27 grams per tonne (gpt) gold, 10.29 gpt silver and 35.8 % iron over 26.57 meters, including a 14 m thick interval exceeding 2 % copper, as shown in Table 1 below. Additional assays have been received for the lower portion of the discovery hole, from a narrow but high grade zone located approximately 59 meters below the main zone. Results are shown in Table 2 below. The lower zone contains 5.66 meters grading 1.14 % copper, 0.23 gpt gold, 5.1 gpt silver and 19.7 % iron, from 416 m to 421.66 m. Within that interval was a 1 meter zone grading 4.49% Cu, 0.94 gpt Au, 17.1gpt Ag and 44% Fe. Mineralization occurs as chalcopyrite and magnetite hosted by a fine grained, finely laminated, relatively flat-lying, mafic volcanicderived sediment. The magnetite, chalcopyrite and pyrite become massive between 418.53 and 419.53. Minor bornite mineralization was also noted. | |
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