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EnGold Drilling Extends G1 Copper Zone, Intercepts 25 Metres & 40 Metres of Mineralization, Assays Pending
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2020) - David H. Brett, President ...
About this update from Engold Mines Ltd.
[{"type":"text","content":"EnGold Drilling Extends G1 Copper Zone, Intercepts 25 Metres & 40 Metres of Mineralization, Assays PendingVancouver, British Columbia--(Newsfile Corp. - September 9, 2020) - David H. Brett, President & CEO, EnGold Mines Ltd., (TSXV: EGM) (\"EnGold\" or the \"Company\") reports two drill holes located 20 m on trend from the thickest known part of the G1 Copper Zone (discovered in 2017) have encountered significant widths of mineralization similar in style to hole G17-16, which cut 43.45 m (true thickness) grading 1.31% Cu, 0.20 gpt Au, 4.06 gpt Ag & 31.14% Fe, including 24 m grading 1.67% Cu, 0.29 gpt Au, 5.09 gpt Ag & 34.55% Fe.Vertical hole G20-46, located 20 m northeast of G17-16, intersected more than 15 metres of the coarse, clast-rich semi-massive magnetite-chalcopyrite typical of the G1 Zone, plus less massive disseminated chalcopyrite within fine grained volcaniclastic sediments for another 10 metres below. The top 15-20 metres of the higher grade, semi-massive interval appears to be cut-out by an intrusive dike, as noted in previously drilled holes within the G1 Zone. The mineralization is interpreted to continue beyond the dike. Marker horizons which underlie the zone continued as projected from previous drilling, indicating no vertical offset between hole G17-16 and G20-46.The second vertical hole, G20-47, located 20 metres southeast of G17-16, cut three well mineralized semi-massive magnetite-chalcopyrite intervals separated by less mineralized sections. Collectively, the coarse, semi-massive intervals total 21 metres, within a mineralized interval spanning more than 40 metres true thickness. Again, no vertical offset occurs in marker horizons.Assays are pending for both holes. Results successfully extend the G1 Zone in both directions drilled. Additional 20m step-out drilling will be completed to continue extension of the thickest mineralization at G1, and in support of the previously announced, maiden resource estimation work underway by SRK. The additional geological information provided will also aid interpretation of extensions offsets to the G1 Zone, and possible new Zones within identical geological settings. The G1 Copper Zone is located 1.8 KM south of the Spout Copper Deposit, which is part of a 10 KM prospective trend at the core of the Company's 100% owned Lac La Hache property in the Cariboo r...