E2Gold Inc. provided the results from its first 7 drill holes (1,002 m of drilling) on its Band-Ore gold project 80 km west of Thunder Bay, Ontario. All holes intersected either high gold grades, as at the Main Zone: up to 34 Au g/t over 0.5 m; or broad gold zones, as at the No. 4 Zone: 0.53 Au g/t over 56.0 m. Five shallow holes were completed on the Main Zone, where gold occurs in pyrite-rich, anastomosing shear zones hosted in a 2,000 m long by 300 m wide porphyry.

Historic drilling has tested the zone over 1,500 m along strike by 200 m deep, and E2Gold's in-fill holes verify high-grade gold over at least 800 m along trend. Drill results at the No. 4 Zone returned very broad, well-mineralized, gold zones: DDH BO-22-07 intersected 56.0 m grading 0.53 gold g/t, with a number of intervals grading more than 1.0 gold g/t. Hole BO-22-06, while it failed to return any high-grade values, assayed 0.1 gold g/t over 69.0 metres.

Gold mineralization at the No. 4 Zone is hosted within a variably-altered sequence of quartz-eye sericite and sericite-chlorite schists. E2Gold drilled 2 holes in between previous holes to verify earlier drill intercepts and geological interpretations by others.

E2Gold's previously announced surface prospecting and trenching work in 2022 verified historic results which outlined several east-west trending, narrow 0.5 m to 2.0 m gold-bearing pyritic zones across a 6 km trend, and demonstrated the occurrence of numerous high gold grades in outcrops. In the 1950's through the 1980's, Noranda Inc. and others identified two gold zones in the eastern quadrant of the Band Ore property along two of these shears: the Main Zone, with a historic resource of 706,000 tonnes grading 6.86 gold g/t for 155,726 ounces of gold, and the No. 4 Zone with 616,000 tonnes grading 4.84 gold g/t for 95,668 ounces of gold.

The company will resume surface exploration in the summer as well as plan a follow up drill program.