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Drilling Underway on E2Gold's Band-Ore Project
Focused on shallow in-fill drilling of the historic resources Surface mapping and pros...
About this update from E2gold, Inc.
[{"type":"text","content":"Drilling Underway on E2Gold's Band-Ore ProjectFocused on shallow in-fill drilling of the historic resourcesSurface mapping and prospecting this fallE2Gold to be at Precious Metals Summit in Colorado September 13-17TORONTO, ON / ACCESSWIRE / September 12, 2022 / E2Gold Inc. (TSXV:ETU)(OTCQB:ETUGF) (the \"Company\" or \"E2Gold\") is pleased to announce that its first drill program is underway on the Band-Ore gold project, located approximately 65 km west of Thunder Bay, in northwestern Ontario. The principal focus will be on the two historic resources, the \"Main Zone\" and the \"No. 4 Zone\".Ellie Owens, President, stated, \"The drill results, together with our prospecting activities will determine next steps at Band-Ore. Optioning the property was strategic with payments amounting to $150,000 before the 2nd anniversary. This minimal upfront investment allows us to thoroughly assess the potential for deposit growth without onerous commitments.\"The Band-Ore project is located in the Shebandowan Greenstone Belt, which hosts a number of historical gold deposits and occurrences, including the nearby Moss Lake Gold deposit (4.0 Moz gold M&I). This greenstone belt is thought to be part of a regional east-west trend of gold-bearing belts which also host the Timmins and Hemlo gold camps, both world-class mining jurisdictions.The drill program will focus on in-fill drilling at two historic resources1 - the Main Zone (706,000t @ 6.86g/t Au for 155,726 oz gold) and the No 4. Zone (616,000t @ 4.84g/t for 95,668 oz gold). Property-wide prospecting activities will begin later in September to develop new targets elsewhere on the project.The Company continues to develop drill targets at Hawkins through an active surface exploration program which includes property-wide soil sampling, mapping, and geophysics.In other news, E2Gold announces that it has granted 5,490,000 stock options to directors, officers, and consultants of the Company. The stock options are exercisable for a period of 3 years at a price of $0.03 and vest immediately.Qualified Person: Eric Owens, Ph.D., P.Geo. acts as a Qualified Person for E2Gold, and has reviewed the content of this press release.ABOUT E2GOLD INC.E2Gold Inc. is a Canadian gold exploration company with current focus on its large flagship property, the 80 km long Hawkins Gold Project, which covers seven town...