E2Gold Inc. reported on recent exploration activities at its Band-Ore Project west of Thunder Bay. A property-wide prospecting program returned results including 23.60, 12.50, and 9.26 gold g/t in surface grab samples. These and other high-grade samples span a 6 km trend from north of the Main Zone, westward.

On the exploration front, recent prospecting has confirmed high-grade gold occurrences distributed over much of its Band-Ore Project west of Thunder Bay, Ontario. Some 37 of 79 samples taken showed at least anomalous values over 100 ppb. The following summarize some of the high-grade results: 23.60 gold g/t in Trench GSH-11-03, located some 250 m north of the Main Zone; 12.50 gold g/t and 9.26 gold g/t at the Western Powerline prospect, some 6 km west of the Main Zone, hosted in sheared and silicified volcanic rocks with pyrite and copper sulfides, possibly part of the same corridor as the Main Zone; 6.75 gold g/t at the Hag Lake prospect, located 3 km west of the Main Zone, in sheared pyritic and silicified volcanic rocks.

The Company also completed a shallow drill program testing the Main Zone and the No. 4 Zone, which host historic resources of 706,000 t @ 6.86 gold g/t for 155,726 oz gold and 616,000 t @ 4.84 gold g/t for 95,668 oz gold respectively.1 The drill program consisted of 5 holes in the Main Zone and 2 holes in the No. 4 Zone, for a total of 800 m drilled.

Assays are pending for this program. Elsewhere, E2Gold geologists have been compiling assays and surface exploration data from its 2022 summer field program on its district scale Hawkins Project located in North Central Ontario. The Company is planning for its 2023 Hawkins exploration program and will provide further details as assays and geochemical analysis come in, to further refine the location of drill targets in, and around the McKinnon Zone.