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EnGold Files Technical Report Supporting Resource Calculations at G1 & Spout Copper Deposits, and Near Doubling of Aurizon Gold Deposit Tonnage Due to Increased Metal Prices
Vancouver, British Columbia--(Newsfile Corp. - May 11, 2021) - David H. Brett, President &...
About this update from Engold Mines Ltd.
[{"type":"text","content":"EnGold Files Technical Report Supporting Resource Calculations at G1 & Spout Copper Deposits, and Near Doubling of Aurizon Gold Deposit Tonnage Due to Increased Metal PricesVancouver, British Columbia--(Newsfile Corp. - May 11, 2021) - David H. Brett, President & CEO, EnGold Mines Ltd., (TSXV: EGM) (\"EnGold\" or the \"Company\") reports that the Company has filed on SEDAR a Technical Report in support of mineral resource estimates from SRK Consulting (Canada) Inc. (\"SRK\") for the G1 Copper Deposit (\"G1\") and the Spout Copper Deposit (\"Spout\") located on the Company's 100% owned Lac La Hache Property in the Cariboo region of BC. The Technical Report also includes a restatement of the 2018 mineral resource estimate for the Aurizon South Gold Deposit, prepared by Kirkham Geosystems Ltd., reflecting current metals prices whereby the base-case inferred resource has changed to 1,991,000 tonnes grading 3.18 gpt gold equivalent from 1,073,000 tonnes grading 3.6 gpt gold equivalent.The maiden G1 inferred resource estimate consists of 1.71 million tonnes grading 1.65% CuEq containing 21,400 tonnes of Copper (47,178,440 pounds), 354,400 ounces of Silver, 10,200 ounces of Gold and 529,100 tonnes of Magnetite. At Spout, the mineral resource estimate includes a potentially open-pitable indicated mineral resource of 6.5 million tonnes grading 0.48% CuEq and an inferred mineral resource of 7.66 million tonnes grading 0.39% CuEq, containing 21,000 and 20,400 tonnes of Copper respectively (46,296,600 pounds Cu & 44,973,840 pounds Cu respectively). Also at Spout, an additional 390,000 tonnes of inferred mineral resources grading 1.19% CuEq is included with potential for underground mining extraction. Please see the data tables and notes below for full results including cutoff grades and other important assumptions. The Technical Report is entitled \"Independent Technical Report for the Lac La Hache Project, Canada\" effective March 18th, 2021 and signed May 11, 2021. The Technical Report was authored by independent Qualified Persons in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Table 1: Mineral Resource Statement, Spout and G1 Deposits, SRK Consulting (Canada) Inc., March 18, 2021 DepositCategory TonnesMtGradeMetal ContentCuEqCuAgAuMgtCuAgAuMgt%%g/tg/t%000's t000's oz000's oz000's tSpo...