E2Gold Develops New Drill Targets Along Strike With The Mckinnon Zone

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[{"type":"text","content":"E2Gold Develops New Drill Targets Along Strike With The Mckinnon ZoneClick here to view a video summary of this press releaseCome visit us at booth #2130 at PDAC March 5-8Soil results return strong gold trends in newly explored Grid 3, to be drilled in 2023Reinforces an additional 4 km of strike length potential, west of the 3.5 km-long McKinnon ResourceReveals new gold target south of the McKinnon Zone trend and confirms target viability of two magnetic anomalies to the northTORONTO, ON / ACCESSWIRE / February 23, 2023 / E2Gold Inc. (TSXV:ETU)(OTCQB:ETUGF) recently received soil results on the newly explored Grid 3, suggesting the westward continuation of the McKinnon Zone Inferred Resource.1 This along-strike trend could potentially double the strike length of the Resource. Further, soils have revealed three new targets independent of McKinnon, all which the Company intends to drill later in 2023. The McKinnon Zone, on the Hawkins Gold Project in north central Ontario, is a shallow 3.5km long, 328,000 oz Au Inferred Resource, exposed in surface trenches and defined down to 150m. It is open at depth and along strike and sits on a magnetic anomaly and geologic contact that trends 13 km across the Central Hawkins Corridor. The contact has been further identified at locations up to 40 km away to the southeast, and will be further evaluated during the 2023 field season.Eric Owens, CEO, stated, \"Grid 3 is a new target area to the west of the McKinnon Zone which now shows significant potential for new discovery and expansion of the Resource beyond the McKinnon footprint. With consistent mineralization having been intersected down to 700 m depth in step-out drilling at McKinnon, we have demonstrated that the footprint extends much deeper than the current Resource. The work we are undertaking on Grid 3 provides new evidence that could double the strike-length of gold mineralization up to 4 kilometers beyond the Resource.\"Additional FindingsThe long lengths and orientations of the anomalies, together with a correlation with pathfinder elements, suggest an in-situ formation of anomalies as opposed to glacially transported anomalies.Pathfinder elements associated with the gold anomalies are are similar to those at the Hemlo deposit.Discovery of an entirely new target in granodiorite south of the McKinnon Zone trend.Dr. Dave Good, Chairm...

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