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EnGold Lac La Hache Drilling Intersects 2 Metres of 4.3 gpt Gold Eq at Road Gold Zone
Vancouver, British Columbia--(Newsfile Corp. - January 5, 2021) - David H. Brett, President ...
About this update from Engold Mines Ltd.
[{"type":"text","content":"EnGold Lac La Hache Drilling Intersects 2 Metres of 4.3 gpt Gold Eq at Road Gold ZoneVancouver, British Columbia--(Newsfile Corp. - January 5, 2021) - David H. Brett, President & CEO, EnGold Mines Ltd. (TSXV: EGM) (\"EnGold\" or the \"Company\"), reports that Road Gold Zone drill hole R20-2 intersected 4.3 gpt AuEq (3.86 gpt Au, 0.35% Cu, 1.20% Ag) near the bottom of the 111.86 m hole. Hole R20-2, intended to intersect a gold-copper-silver mineralized hydrothermal breccia structure identified on surface, was abandoned due to intense faulting prior to intersecting the target, but nevertheless returned highly anomalous gold mineralization in intense stockwork fracturing and localized quartz veining, chalcopyrite, and pyrite within highly K-altered monzonite. The Road Gold Zone is located within a 10 km prospective trend within EnGold's 27,559 hectare Copper/Gold Lac La Hache Property in the Cariboo region of British Columbia. The reported intervals for the Road Gold prospect are core-length only, as the geometry of the zone has not yet been determined. A full table of the assay results is inserted below. Results from holes G20-50 & G20-51 in south of the G1 Copper Zone are expected to be released shortly. \"Although intense faulting twice prevented completion of a hole designed to test the new Road Gold Zone, both holes confirmed that the coincident, strong and long magnetic low linear relates to intense faulting and potassic alteration, similar to the Aurizon Deposit,\" said Rob Shives, VP Exploration. \"We will return to the Zone in 2021 using larger diameter HQ drill rods to improve core recovery and allow completion of the drilling to target depth.\" Road Gold ZoneDDHFrom (m)To (m)Interval (m) Cu (%)Au (g/t)Ag (g/t)Gold Eq.*R20-1Abandoned at 58 m due to intense faulting. Collar moved, restarted as DDH R20-2.Anomalous gold assays up to 0.244 gpt (0.34 gpt AuEq) encountered below 43 m. R20-2This hole also abandoned, at 111.86 m due to intense faulting. 18.0021.763.760.120.640.850.8066.0068.002.000.060.500.600.5882.0084.002.000.050.260.500.33100.00102.002.000.353.861.204.30 * AuEq calculation: Au g/t = Au g/t + (Cu grade in % x ((Cu price per pound/Au price per ounce) x 0.06857 pounds per ounce x 10000 g per %)) + Ag grade x (Ag price per ounce/Au price per ounce)). Prices used in USD: Au $1,850.00, Cu $ 3.25, A...