Business
EnGold Drills 655 Metres of 0.14% Copper Equivalent at Ann North, Deep Hole at Aurizon Gold at 1200 Metres and Still Underway
Vancouver, British Columbia--(Newsfile Corp. - May 17, 2022) - David H. Brett, President &...
About this update from Engold Mines Ltd.
[{"type":"text","content":"EnGold Drills 655 Metres of 0.14% Copper Equivalent at Ann North, Deep Hole at Aurizon Gold at 1200 Metres and Still UnderwayVancouver, British Columbia--(Newsfile Corp. - May 17, 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 Copper Gold prospect and an update on the Aurizon Gold Deposit deep drilling currently underway, both located within the Company's 100% owned Lac La Hache Property in the southern Cariboo region of BC. Hole AN22-05 cut 0.14% CuEq. over 655m from 355m to 1010m, including more than a dozen intervals ranging from 0.2 up to 1.68% CuEq. Full results of the Ann North hole are outlined in the table below. Results reported are core lengths only as the geometry of the mineralized structure has not yet been determined. Hole AZS22-82 is presently drilling below a depth of 1200 metres. Following completion of the hole AN22-05 at Ann North, a hole was collared at the Aurizon Gold Deposit designed to extend the near-vertical structure to depth, more than 400m below the currently deepest, high-grade intersection. Hole AZS22-82 has encountered a number of mineralized zones, with assays pending. Unexpectedly, at approx. 1155m, a carbonate replacement style mineralized zone has been encountered, including visible chalcopyrite, bornite, pyrite and magnetite within epidote and calcsilicate alteration of Nicola volcaniclastic rocks. Quartz veining also occurs in the hole, containing chalcopyrite and native copper, at more than 1000m below surface. \"Our deep drilling program has confirmed a very large, mineralized zone at Ann North and we are learning a great deal about the structure to guide future exploration,\" said EnGold VP of Exploration Rob Shives, P.Geo. \"We are pleasantly surprised at what we are seeing at the bottom of the current Aurizon hole, which continues at a depth approaching 1,300 metres.\" At Ann North, a series of deep (>900m) drill holes has successfully extended shallow, historically defined mineralization from roughly 300m to more than 900m vertically, on one section. The most recent hole, AN22-05, intersected a very broad interval of low grade mineralization (655m of 0.14% CuEq grading 0.1% Cu, 0.04gpt Au, 0.03gpt Ag) interpreted as the northern boundary of the western end...