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E2Gold Plans First Drill Program on its Band-Ore Project, Ontario
Click here for a video summary of this release. Initial 1,000 m drill progra...
About this update from E2gold, Inc.
[{"type":"text","content":"E2Gold Plans First Drill Program on its Band-Ore Project, OntarioClick here for a video summary of this release.Initial 1,000 m drill program to test historic resources and geophysical anomalyE2Gold at Booth 2308 at PDACTORONTO, ON / ACCESSWIRE / June 13, 2022 / E2Gold Inc. (TSXV:ETU) (the \"Company\" or \"E2Gold\") is pleased to provide an update on its plans for its Band-Ore project in northwestern Ontario. The first-steps program will drill test two historic resources1 on the property - 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) - as well as a previously undrilled target.Eric Owens, CEO stated, \"E2Gold was offered the opportunity to option this property last Fall, which we did for minimal up-front costs and work commitments. We anticipated an initial program focused on the historic resources, but have now added an additional target, based on geophysical similarities to the Main and No. 4 Zones. Limited work on the project over recent decades means we have the ability to add value through diligent efforts.\"The 10 km long Band-Ore property is located about 65 km west of Thunder Bay, Ontario (See figure 1 below), in a region noted for large gold deposits such as Agnico Eagle's Hammond Reef project, New Gold Inc.'s Rainy River project, and Goldshore's Moss Lake project.Periodic exploration over the last 90 years, including that by Noranda Mines, has produced highly encouraging rock sample assays, and drill hole and trench intercepts, in addition to the two historic resources (see Fig. 1 below):Main Zone: Initial discovery zone in 1939 averaged 10.8 g/t Au over 2.3 m wide over a strike length of 130 m, with reports of grab samples of up to 15.7 oz/t Au (487 g/t) and 43.6 oz/t Ag,No. 4 Zone: discovered by testing an Induced Polarization anomaly; up to14.5 Au g/t over 2.0 m; other significant intersections range from 5.7 Au g/t to 13.7 g/t Au over widths ranging from 2.0 m to 7.2 m (all DDH),Calvert: 4.01 g/t gold over 1.8 m (DDH),Hag Lake: 27.36 g/t Au over 4.0 m (DDH),Lobaner: up to 3.1 g/t Au over 4.6 m (DDH),Fogen: 1.03 g/t Au over 12.2 m (DDH),July: grab samples up to 2.61 g/t AuFigure 1. Map of Band-Ore project with locations of prospects and drill targets discussed in text.On the property, gold mineralization is associated with sheared and altered fel...