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EnGold Drills 26.57 Meters Grading 1.76 % Copper, 0.27 g/t Gold, 10.29 g/t Silver and 35.8% Iron in Discovery Hole at Lac La Hache Second Drill Being Mobilized to Site
Vancouver, British Columbia--(Newsfile Corp. - March 1, 2017) - David H. Brett, President &...
About this update from Engold Mines Ltd.
[{"type":"text","content":"\nEnGold Drills 26.57 Meters Grading 1.76 % Copper, 0.27 g/t Gold, 10.29 g/t Silver and 35.8% Iron in Discovery Hole at Lac La Hache Second Drill Being Mobilized to SiteVancouver, British Columbia--(Newsfile Corp. - March 1, 2017) - David H. Brett, President & CEO, EnGold Mines Ltd., (TSXV: EGM), (\"EnGold\" or the \"Company\") reports that recently completed drill hole G16-01 targeting a gravity geophysical anomaly has encountered 1.76% copper, 0.27 grams per ton gold, 10.29 g/t silver and 35.8% iron over 26.57 meters in a previously undrilled area of its' 100% owned Lac La Hache Property in the Cariboo region of BC. Within this, a 14 m thick interval exceeds 2% copper. The skarn-type mineralization is located 1.8 km southeast of the existing copper-gold-silver-magnetite resource defined at the Spout Deposit. EnGold is now mobilizing a second drill to the Property to focus on the 1 km X 1.4 km gravity geophysical anomaly. The first drill was moved to the Aurizon Gold target, where it is now drilling, as the Company was waiting for assays from the new zone and developing an exploration plan for the next phase of work to follow up on the new results. The Company may move both drills to the new zone, depending on a variety of factors as the program evolves. \"This discovery has significant size potential and marks a new and greatly accelerated phase of growth for EnGold,\" said EnGold President & CEO David Brett. \"We are fortunate to have the technical talent and infrastructure capacity to expand our operations rapidly.\"\"Our modeling suggests the new zone is stratabound mineralization that is continuous with the Spout Deposits 1.8 km to the northwest, and that it extends further to the southeast than currently defined by the relatively sparse initial gravity test survey. The size of the geophysical anomaly is already impressive and will be expanded with additional surveying in early March,\" said VP Exploration Rob Shives, P.Geo. \"These results represent a truly text-book example where the combination of geophysical, geochemical and geological modeling supports accurate prediction of this new zone in a previously untested area, as indicated by this success in the very first drill hole.\" Vertical drill hole G16-01 intersected semi-massive magnetite-chalcopyrite (minor pyrite) skarn type mineralization over a true width...