Business
EnGold Drills 18.25 Metres of 1.22% Copper, 0.14 Grams Per Ton Gold & 5.27 gpt Silver at Lac La Hache
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2017) - David H. Brett, President &...
About this update from Engold Mines Ltd.
[{"type":"text","content":"EnGold Drills 18.25 Metres of 1.22% Copper, 0.14 Grams Per Ton Gold & 5.27 gpt Silver at Lac La HacheVancouver, British Columbia--(Newsfile Corp. - June 5, 2017) - David H. Brett, President & CEO, EnGold Mines Ltd., (TSXV: EGM) (\"EnGold\" or the \"Company\") reports assay results from 5 holes within the step-out drilling program designed to follow-up the previously announced copper, gold, silver, magnetite discovery drill hole G16-01. The results confirm significant mineralization to the north of G16-01, with hole G17-11, located 50 m north of G16-01, cutting 11.04 m grading 1.16 % Cu, 0.12 gpt Au, 6.19 gpt Ag and 27.44 % Fe, and hole G17-13, located 50 m east of hole G17-11, cutting 18.25 m grading 1.22 % Cu, 0.14 gpt Au, 5.27 gpt Ag and 26.7 % Fe. Hole G17-09, drilled 100 m west of G16-01, returned a 10.55 m interval grading 1.10 % Cu, 0.27 gpt Au, 5.53 gpt Ag and 5.81 % Fe, including a 0.45 m interval grading 12.35 % Cu, 4.48 gpt Au & 66.40 gpt Ag. The interval in hole G17-09 lies approximately 30 m above the main zone stratigraphy, and is related to subvertical tourmaline-chalcopyrite-pyrite veins. Holes G17-10 & G17-12 returned narrower intercepts of weaker mineralization. All assay results, as tabulated below, are from a discovery area located 1.8 km south of the Spout Skarn Deposit at the Company's 100% owned Lac La Hache Property in the Cariboo region of British Columbia (the \"Property\"). Drill results reported occur in holes drilled vertically (90 degree dip) or near-vertically (81.5 degree dip to achieve a 50 m step-out intersection) through sub-horizontal mineralization. EnGold believes the widths reported are essentially true widths.The ongoing drill program at the discovery area, which was shut down following completion of hole G17-13 due to poor ground conditions (mud) caused by the recent extreme wet weather in the region, has resumed with two drills stepping out north of holes G17-11 & G17-13 in 50m intervals. \"Our latest results confirm our expectation that the mineralization improves where the magnetic values are higher within the anomalous gravity area\" said EnGold VP of Exploration Rob Shives, P.Geo. \"In addition to our ongoing drill program, EnGold will be stepping up its geophysical exploration efforts to enhance our targeting strategy.\" Ground gravity surveys continue to improve reso...