Business
Engineer Gold Mines Ltd. provides update on compilation & targeting work at Wann River area
(TheNewswire) Vancouver, BC - TheNewswire - February 27, 2023 - Engineer Gold Min...
About this update from Engineer Gold Mines Ltd.
[{"type":"text","content":"Engineer Gold Mines Ltd. provides update on compilation & targeting work at Wann River area\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver,\n \n \n BC - TheNewswire -\n \n \n February 27, 2023 -\n \n Engineer Gold\nMines Ltd. (“\n \n the\n \n \n Company\n \n ” or “\n \n Engineer\n \n ”)\n \n (TSXV:EAU)\n \n \n (OTC:EGMLF)\n \n is pleased to provide an\nupdate on its 100%-owned\n \n Engineer District\n \n property, which covers\n29,593.47 hectares in a 35-km-long contiguous claim grouping near\nAtlin in northwest British Columbia. The Property includes the\nhistorical high-grade Engineer Gold Mine, the TAG developed prospect,\nand several other high-grade vein and shear-hosted bulk tonnage gold\ntargets. The Company is currently compiling prior owner and historical\ndata to identify opportunities for development and discovery.\n \n \n \n Chris Huggins, President & CEO of Engineer Gold\nMines Ltd., stated “The\n \n Wann River area holds huge potential\nto delineate a deposit, with several impressive exposures to follow up\non and define a system. Drill permits are in place for the area and\nseveral targets have been identified. I see the Wann River area as a\ntarget worthy of investing exploration efforts.”\n \n \n The Wann River area lies approximately 4 km south of the historic\nEngineer Gold Mine in an area where volcanic rocks of the Stikine\nTerrane are cut by anastomosing strands of the Llewellyn fault zone\n(Fig. 1). Previous work consists predominantly of surface geochemical\nsampling and prospecting, which has led to the discovery of several\nexposures of generally southeast-trending veins over an approximately\n \n 800 m x 180\nm\n \n corridor (Pautler, 2021). Mineralized zones occur peripheral\nto and within the early Cretaceous granitic Wann River Stock (Fig. 2).\nVeins are typically 1 – 80 cm wide, comprising quartz with\nmineralization of tetrahedrite-freibergite, chalcopyrite, sphalerite,\nand galena. Zones occur as multiple sheeted veins, stockwork, and\nstringers with quartz-sericite-sulphide alteration envelopes up to 5 m\nwide (Pautler, 2021). The veins host both\n \n precious and base-metal\nenrichment\n \n , drawing comparisons to epithermal gold-silver\ndeposits with elevated base metals in the Stewart mining camp of\nnort...