VANCOUVER, March 20, 2019 /CNW/ - David H. Brett, President & CEO, EnGold
Mines Ltd., (TSX-V: EGM, "EnGold" or the "Company") reports
drilling at EnGold's 100% owned Lac La
Hache property in the Cariboo region of BC will recommence
March 23rd, 2019, focusing
on high-grade gold mineralization near the Aurizon Gold Deposit.
The 6-hole shallow drilling program will target gold bearing quartz
veins and silicified zones discovered on surface via 2018 soil
sampling and prospecting, where previously reported hole AZS18-69
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. Also, EnGold has added
4,908 hectares to the Lac La Hache Property by staking and
purchase, increasing its size by approximately 25% to 25,750
hectares. The property expansion was undertaken partly in response
to recent large-scale claim staking by major mining companies up to
the borders of the Property (see map below).
![Lac La Hache Area Key Landholder Map (CNW Group/Engold Mines Ltd.) Lac La Hache Area Key Landholder Map (CNW Group/Engold Mines Ltd.)](https://mma.prnewswire.com/media/838349/Engold_Mines_Ltd__EnGold_to_Recommence_Drilling_at_Lac_La_Hache.jpg)
At-surface, gold-copper-silver mineralization at Aurizon occurs
within a series of narrow, quartz-carbonate, sulphide rich veins in
a number of new showings resulting from follow-up to 2018 soil
geochemical anomalies, lying in the hanging wall west of the
Aurizon Resource structure. The current drill program will test
continuity between the new showings and possible extensions.
"Our recent surface work combined with historical drill results
within the very few holes which cut below the new showings, suggest
continuity from surface to depths of 563
m vertically, within the new vein structure. This is
separate from the previously defined quartz-vein and the Main
Aurizon Resource and suggests potential for yet additional
undiscovered multi-gram gold (copper-silver) veins is excellent"
says VP Exploration Rob Shives.
"The high-grade quartz structures near Aurizon represent an
exciting new area of discovery potential for EnGold, added to the
multiple other high-priority targets at Lac La Hache," said EnGold CEO David Brett. "The recent acquisition of large
land positions in the area by major mining companies is another
encouraging and exciting development."
About EnGold
EnGold is a Vancouver-based
copper/gold exploration company focused solely on its 100% owned
Lac La Hache property in the
Cariboo region of BC. EnGold's vision is to identify and delineate
mineral resources at Lac La Hache
that could potentially support an economically feasible and
environmentally sustainable underground mining operation. The Spout
Deposit, the Aurizon Gold Deposit and the 2017 G1 Copper Discovery,
located within a 7-kilometer area on the property, are all
considered by EnGold to be potentially underground minable targets.
With world class infrastructure at its doorstep, Lac La Hache is a great location to be
exploring. EnGold's corporate philosophy rests on three
interdependent pillars: Environment, Engagement and Gold. Through
sound environmental stewardship, commitment to transparent
engagement with local communities, the Company is dedicated to
driving exceptional shareholder and stakeholder value by fulfilling
its vision to profitably supply valuable and much needed metals to
the global marketplace.
Rob Shives P.Geo., VP Exploration
and a Qualified Person as defined under National Instrument 43-101,
has reviewed and approved the technical content of this
release.
EnGold Mines Ltd.
David Brett
President & CEO
This news release may contain
"forward‐looking statements". Readers are cautioned
that any such statements are not guarantees of future performance
and that actual development or results may vary materially from
those in these "forward looking statements." Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
SOURCE Engold Mines Ltd.