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E2Gold Intersects 30.90 g/t Gold Over 0.5 Metre Within 6.0 Metre Interval Grading 5.78 g/t Gold in Hawkins Drill Program
Click here for a video summary of this press release. Drill hole MK21-005 intersects ...
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[{"type":"text","content":"E2Gold Intersects 30.90 g/t Gold Over 0.5 Metre Within 6.0 Metre Interval Grading 5.78 g/t Gold in Hawkins Drill ProgramClick here for a video summary of this press release.Drill hole MK21-005 intersects visible gold in broad high grade gold zone of 5.78 g/t Au over 6.0 m, including: 30.90 g/t Au over 0.5 m; and9.71 g/t Au over 0.5 mDrill hole MK21-003 intersects wider zone grading 1.24 g/t Au over 25.0 m, including 7.43 g/t Au over 1.0 mAssays still pending for 12 holes completed at the Hawkins Gold ProjectTORONTO, ON / ACCESSWIRE / April 13, 2021 / E2Gold Inc. (TSXV:ETU) (the \"Company\" or \"E2Gold\") announces high grade gold results from its Phase 1 diamond drill program. DDH MK21-005 intersected 5.78 g/t Au over 6.0 m core length including two separate intercepts of 30.90 g/t Au and 9.71 g/t Au, each over 0.5 m. DDH MK21-003 intersected 25.0 m core length of 1.24 g/t Au, including 7.43 g/t Au over 1.0 m.The assays from DDH MK21-003 and MK21-005 are reported on the heels of DDH MK21-001 results, which intersected 11.30 g/t Au over 1.0 m within a wider zone of 17.0 m grading 1.81 g/t Au (see Press Release March 8, 2021). These first results confirm a broad mineralized gold zone on E2Gold's flagship Hawkins Gold Project in north-central Ontario as indicated by historic Falconbridge drilling.Eric Owens, CEO and President, said, \"These drill hole results prove our targeting concept is successful, showing a wide mineralized zone as well as higher gold grades on our property. They also have improved our understanding of the McKinnon Inferred Resource1 and solidified our expectation for resource growth.\" Mr. Owens added, \"I am thrilled that we are arriving at this point of confidence earlier than expected. Our targeting of the zone has been on track.\"Figure 1: Cross section of DDH MK21-003 and DDH MK21-005The NI 43-101 compliant McKinnon Zone Inferred Mineral Resource (6.20 Mt grading 1.65 g/t for 328,800 ounces of gold)1 is a shallow zone exposed at surface in trenches, is roughly 3.5 km long and 150 m deep, and has not yet been drill-tested along strike or much below 150 m depth. The Resource was updated by E2Gold in September 2020, but is based primarily on 79 holes drilled by Falconbridge in the 1980's.Focusing on the McKinnon Zone, E2Gold's first phase of drilling is testing the Falconbridge results and expanding on the 1...