Business
EnGold Drills 1.5 m of 7.51 gpt Gold at Road Gold, Lac La Hache
Vancouver, British Columbia--(Newsfile Corp. - March 17, 2022) - David H. Brett, President &am...
About this update from Engold Mines Ltd.
[{"type":"text","content":"EnGold Drills 1.5 m of 7.51 gpt Gold at Road Gold, Lac La HacheVancouver, British Columbia--(Newsfile Corp. - March 17, 2022) - David H. Brett, President & CEO, EnGold Mines Ltd., (TSXV: EGM) (\"EnGold\" or the \"Company\") reports assays from shallow drilling at the Road Gold Zone has returned results of 7.51 grams per ton gold over 1.5 metres within a broader intercept of 5.5 m grading 2.2 gpt gold in hole R21-03 between 55 m and 60.5 m down hole. Full results of the two holes drilled at Road Gold in 2021 are reported in the table below. Road Gold lies within the Company's 100% owned Lac La Hache Property in the southern Cariboo region of BC. \"These near-surface multi-gram gold results confirm Road Gold as a prospective target for follow up drilling,\" said EnGold VP Ex Rob Shives, P.Geo. \"We are still interpreting the Road Gold structure as it relates to a 1.8 km geophysical anomaly, indicating potentially significant strike extent.\"The Road Gold showing lies on part of an 1800 meter long, N-S trending, linear magnetic low, interpreted as a fault controlled, magnetite-destructive, potassic alteration corridor. The width of the magnetic low at Road Gold is 80 m (see attached figure). Bedrock grab samples were collected across a 30 m portion of the low where overburden depth allowed, and these averaged 2.0 gpt Au. Shallow drilling to date has encountered strong potassic alteration within fine grained volcanic rocks, but intense fracturing, faulting and blocky drill core prevented completion of the first three holes. Result to date are encouraging, suggesting additional testing at Road Gold and elsewhere along the structure is warranted.\"Road Gold is a recent discovery on the Lac La Hache Property that underscores the abundance of potentially economic mineral deposits and occurrences along the Property's 10 km prospective trend,\" said EnGold President & CEO David Brett. \"The Spout and G1 Copper skarn deposits, Ann North porphyry copper, Aurizon South & Aurizon Central gold (copper-silver) hydrothermal breccia zones and other prospects, are all related to the Alkalic Porphyry system underlying the Property. Our current, deep drilling program is testing depth extent under several zones.\" All drill intervals reported are core lengths only as the true width of the structure has not yet been fully determined. Table...