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EnGold Mines Ltd.
Summary
| Project: | Lac La Hache | |
|---|---|---|
| Deposit: | Lac La Hache | |
| Location: | Canada | |
| Commodities: | Gold-Copper-Silver-Iron | |
| Date: | 5/3/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-5-2018: EnGold Mines Ltd. announces an Exploration/Drilling Update report for its Lac La Hache deposit at the Lac La Hache project. Drilling results incl. 31.36m @ 1.14% Cu, 0.28g/t Au, 6.89g/t Ag, 24.31% Fe from 321.94m. For Immediate Release. May 1, 2 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rob Shives (Internal) | |
| ABSTRACT: | For Immediate Release. May 1, 2018. Vancouver, BC. David H. Brett, President & CEO, EnGold Mines Ltd., (TSX-V: EGM, “EnGold” or the “Company”) reports that drill hole G18-40 has returned 31.36 m (true thickness) grading 1.14 % copper, 0.28 grams per tonne (g/t) gold, 6.89 g/t silver and 24.31 % iron. DDH G18-40, drilled 50 m west of G17-38, intersected mineralization over a wider core interval than predicted, successfully extending the thicker, central axis of the G1 Zone to the north. An updated drill plan is available here. Assay results are tabulated below. DDH G18-39 is located 50 m east of DDH G17-38 (which intersected 37.13 m true thickness grading 1 % Cu, including 23.76 grading 1.37 % Cu and 4 m grading 2.15 % Cu). DDH G18-39 intersected similar carbonate replacement style, semi-massive magnetite-chalcopyrite-lesser pyrite mineralization in two zones: 10.7 m grading 0.42 % Cu including 2.1 m grading 1.13% Cu, and 7.25 m grading 0.69 % Cu including 2.55m grading 1.38% Cu. Results delineate the narrowing, eastern edge of the G1 Zone. Drilling was halted April 8 to allow ground conditions in the area to improve following spring breakup and pending completion of geophysical surveys and the Company’s recently announced financing. As announced previously, a series of geophysical tests were conducted by Peter E. Walcott and Associates Ltd to refine drill targeting in the immediate G1 area, and to search for new anomalies in the 1800 m gap between G1 and Spout Deposit. This work has now been completed and early modelling of data collected along a single traverse indicates strong positive induced polarization chargeability anomalies coincide with the at-surface Spout South Zone, and with the relatively deep G1 mineralization located approximately 350 m below surface. Several additional chargeability features offer positive targets within the gap area, where earlier ground gravity also shows positive anomalies. Additional modeling and interpretation continues, to further refine our targeting strategy prior to re-commencement of drilling anticipated in the first week of June. | |
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