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EnGold Drills 478 Metres of 0.23% Copper Eq. at Lac La Hache
Drill Program Resumes Vancouver, British Columbia--(Newsfile Corp. - March 10, 2022) - David ...
About this update from Engold Mines Ltd.
[{"type":"text","content":"EnGold Drills 478 Metres of 0.23% Copper Eq. at Lac La HacheDrill Program ResumesVancouver, British Columbia--(Newsfile Corp. - March 10, 2022) - David H. Brett, President & CEO, EnGold Mines Ltd., (TSXV: EGM) (\"EnGold\" or the \"Company\") reports assays from deep drilling at the Ann North Alkalic Porphyry target withing the Company's 100% owned Lac La Hache Property in the southern Cariboo region of BC. Results include 478 m grading 0.23% CuEq between 345m and 823m within vertical hole AN21-03. The assay results indicate grades are improving to the north, and hole AN22-05 is now underway to test this hypothesis. Please see table below for full results. Results from the G1 South and Road Gold Zones are expected to be available for release soon. All drill intercepts are core length only as the geometry of the zone has not yet been determined. The second drill on the property will be mobilized to the Aurizon South Gold Deposit to test below existing drilling where the structure is open and widening. The Aurizon South Deposit hosts an Inferred Mineral Resource of 1,991,000 tonnes at a grade of 3.18 g/t AuEq (2.32 g/t Au, 0.60% Cu and 5.3 g/t Ag based on a 2.0 g/t Gold Equivalent cut-off grade and metal prices at USD$1,600/oz gold, $3.00/lb. copper and $21/oz silver). The Ann North structure appears to dip to the north, is open in all directions, has been traced over a 400 m strike length to date, is approximately 350 metres thick and has been drilled to a vertical depth of 900 m. The mineralization including chalcopyrite, bornite and lesser pyrite is associated with intense potassic alteration and fracturing/brecciation within porphyritic monzonitic phases, typical of alkalic copper deposits elsewhere. The structure occurs along the northern edge of lows in 3D-modeled Induced Polarization chargeability data and a larger, strong magnetic low. \"Ann North continues to exhibit conditions for an Alkalic Porphyry with significant tonnage,\" said EnGold VP of Exploration Rob Shives, P.Geo. \"The long interval within DDH AN21-03 extends the shallow historical mineralization considerably and is by far the longest mineralized intersection to date on the Project. Narrow higher-grade intervals within that hole may increase with depth, improving overall grades, similar to deeper zones within other deposits. The currently drilling hole AN...