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E2Gold Completes Large Airborne Magnetic Survey at Hawkins
TORONTO, ON / ACCESSWIRE / October 28, 2021 / E2Gold Inc. (TSXV: ETU) (the " Company " or " ...
About this update from E2gold, Inc.
[{"type":"text","content":"E2Gold Completes Large Airborne Magnetic Survey at HawkinsTORONTO, ON / ACCESSWIRE / October 28, 2021 / E2Gold Inc. (TSXV: ETU) (the \"Company\" or \"E2Gold\") is pleased to report on the results of a large airborne geophysics survey on its 75-km long Hawkins project in Northern Ontario. The 2,941line-km survey covered the westernmost claims on the project, a 100 km2 sized area underlain by 757 claims about 10 km west of the McKinnon Zone.Dr. Natalie Pietrzak-Renaud, VP Exploration, stated, \"This survey is a crucial step towards developing drill targets on these underexplored claims. It provides an important guide to show continuity of geology along strike from our recently concluded summer field mapping and trenching program.\"Eric Owens, President and CEO, added: \"The confluence of two major fault zones ajacent to the Strickland granite makes for a complex geologic setting, which in our minds makes this an excellent gold target.\"Figure 1: Location of the Western claim group on the Hawkins Gold Project (where \"x\" indicates gold occurances).Note 1: Inferred Mineral Resource estimate from National Instrument 43-101 Technical Report and Updated Mineral Resource Estimate on Hawkins Gold Project, Ontario by P&E Mining Consultants Inc. with lead author Eugene Puritch et al., effective date September 10, 2020 filed with the Preliminary Prospectus on November 11, 2020In other matters, the company continues its second stage drill program on its Hawkins Project with two drill rigs. Focus is on the at-surface McKinnon Zone, which hosts an Inferred Resource, compliant with National Instrument 43-101, consisting of 6.2 Mt grading 1.65 g/t gold, for 328,800 ounces of gold. To-date, the company has completed some 5,789 m of drilling in 12 holes, as it aims to better examine the depth extent of the deposit. Assay results are pending for these holes, due to an industry-wide backlog at assay labs.Figure 2: Preliminary airborn magnetic results over the Western claim group.Qualified Persons: Eric Owens, Ph.D., P.Geo. and Natalie Pietrzak-Renaud, Ph.D., P.Geo. act as the Qualified Persons for E2Gold, and has reviewed the content of this press release.ABOUT E2GOLD INC.E2Gold Inc. is a Canadian gold exploration company with a focus on Its large flagship property, the Hawkins Gold Project, covers seven townships in north-central Ontario, abou...