EnGold Mines Ltd. Reports Assay Results from its Recent Drilling Campaign Near the Aurizon Gold Deposit
January 09, 2019 at 10:13 pm
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EnGold Mines Ltd. reported assay results from the Company's most recent drilling campaign have returned significant intercepts of high-grade gold mineralization near the Aurizon Gold Deposit, located within EnGold's 100% owned Lac La Hache property in the Cariboo region of BC. The drilling targeted gold bearing quartz veins and silicified zones discovered on surface via 2018 soil sampling and prospecting, just west of the Aurizon Deposit structure. All 7 short holes (484 m total) encountered mineralization, with the best intercepts being AZS18-69 which cut 12.75 gpt Au, 7.5 gpt Ag & 0.27% Cu over 1.64 within a larger intercept grading 5.82 gpt Au, 5.47 gpt Ag & 0.16% Cu over 3.9 m and AZS18-68 that cut 13.60 gpt Au, 12.60 gpt Ag & 1.87% Cu over 0.94 m. AZS18-68 also cut another intercept further down the hole, grading 5.12 gpt Au, 2.40 gpt Ag & 0.05% Cu over 2.18 m. Intercepts are reported as core lengths as the true width of the mineralized zones has not yet been determined. Assays have also been received for grab samples collected from two new bedrock exposures, including 59.1 gpt Au, 77.7 gpt Ag, 2.4 % Cu, 18.55 gpt Au, 30.3 gpt Ag, 0.6% cu, 13.6 gpt Au, 5.8 gpt Ag, 0.3 % Cu and 6.9 gpt Au, 12.9 gpt Ag, 0.3 % Cu. Assay results have also be received from the initial two holes (DDH18-44 and 18-45) testing a high intensity (up to 38 mV/V) and large (1500 m x 1000 m) Induced Polarization (IP) chargeability anomaly located approximately 1000 m east of the G1 Copper Zone. The size and location of the anomaly may have important genetic implications relating to the copper-magnetite replacement style mineralization at G1, where weak positive IP responses coincide with semi-massive magnetite- copper and a broad 58 m interval of "porphyry-style" alteration grading 0.47 % Cu. As expected, the first two holes within the IP anomaly intersected very strong pyrite mineralization, but with low copper values at the locations drilled. The results will be incorporated into future targeting in this area.
EnGold Mines Ltd. is a Canada-based exploration company with a focus on copper, gold, silver and magnetite. The Company is focused on its 100% owned Lac La Hache Property in the Cariboo region of British Columbia (BC). The Lac La Hache Property hosts numerous copper-gold mineral deposits and prospects, such as Spout Copper Deposit, the Aurizon Gold Deposit, the G1 Copper Deposit, Ann North Porphyry Prospect and Berkey Porphyry Prospect. The Lac La Hache Property covers an area of approximately 25,750 hectares. The Project is located approximately 14 kilometers east of the town of Lac La Hache and in a region of producing mines (Gibraltar, Mount Polley), the Propertyâs local infrastructure includes power lines, highways, maintained roads, and other amenities. It also has properties in the Clinton Mining and Cariboo Divisions located near Lac La Hache, BC, which include Miracle/Murphy, Peach Lake, Ann, Murphy Lake and PMA/Cassidy.