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EnGold Drills 34 Metres of 0.54% Copper Equivalent South of G1 Copper Deposit, Lac La Hache
Vancouver, British Columbia--(Newsfile Corp. - March 28, 2022) - David H. Brett, President &am...
About this update from Engold Mines Ltd.
[{"type":"text","content":"EnGold Drills 34 Metres of 0.54% Copper Equivalent South of G1 Copper Deposit, Lac La HacheVancouver, British Columbia--(Newsfile Corp. - March 28, 2022) - David H. Brett, President & CEO, EnGold Mines Ltd., (TSXV: EGM) \"EnGold\" or the \"Company\") reports assays from drilling located 200 metres southeast of the G1 Copper Deposit has returned results of 0.54 CuEq over 33.6 metres in Hole G21-52. The G1 Copper Deposit hosts a maiden inferred resource of 1.71 million tonnes grading 1.65% CuEq and lies within the Company's 100% owned Lac La Hache Property in the southern Cariboo region of BC. Full results of 2021 drilling south of G1 Copper are outlined in the table below. More deep drilling is currently underway at the nearby Ann North Alkalic Porphyry prospect. Drilling in 2021 targeted the down-dip/down-dropped extension of G1 Deposit to the southeast, as indicated by mineralized intervals typical of G1 style (calcsilicate alteration with chalcopyrite and magnetite) but also porphyry-style (chalcopyrite + potassium feldspar + epidote + chlorite), at increasingly deeper depths (see drill section figure). This structurally controlled, mineralized, alteration corridor is interpreted as a possible feeder zone or metal source pathway, extending from an undiscovered intrusion responsible for the large and strong (>35mV/V) IP chargeability anomaly located south and east of G1, where previous drilling encountered abundant pyrite. Results in DDH G21-52 extend the copper mineralization 200 m beyond the current G1 Zone. Although mineralization and alteration extend still further, beyond G21-52, mineralized intervals are narrow. This suggests future drilling is warranted east of G1, towards the IP chargeability anomaly.\"Potential to extend the G1 Copper Deposit is significant, as drilling to date in this area has shown,\" said EnGold VP Ex Rob Shives, P.Geo. \"Wider zones of lower grade copper have been encountered as well as higher grade intervals.\"\"The high-grade G1 Copper Deposit remains a key exploration target for EnGold, where we have untested geophysical targets to the northeast, and broad zones of copper mineralization to the south,\" said EnGold President & CEO David H. Brett. \"Given analyst bullishness around copper, EnGold will continue to seek ways to leverage our in-ground copper resources at G1 and Spout.\" Al...