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EnGold Lac La Hache Drilling Returns 5.05 Metres of 2.75% Copper Equivalent at G1-South
Vancouver, British Columbia--(Newsfile Corp. - January 7, 2021) - David H. Brett, President &a...
About this update from Engold Mines Ltd.
[{"type":"text","content":"EnGold Lac La Hache Drilling Returns 5.05 Metres of 2.75% Copper Equivalent at G1-SouthVancouver, British Columbia--(Newsfile Corp. - January 7, 2021) - David H. Brett, President & CEO, EnGold Mines Ltd. (TSXV: EGM) (\"EnGold\" or the \"Company\"), reports that drilling south of the G1 Copper Zone has confirmed the extension of carbonate replacement style mineralization similar to that previously reported in Hole G20-49, indicating broad zones of lower grade copper above the higher grade encountered in past drilling, with hole G20-51 returning 5.05 metres grading 2.75% CuEq (1.02% Cu, 1.91 gpt Au, 4.99 gpt Ag & 18.79% Fe) within a wider interval of 23.70 m grading 0.51% CuEq. The G1 Copper Zone is located within a 10-kilometre prospective trend within EnGold's 27,559-hectare copper/gold Lac La Hache property in the Cariboo region of British Columbia. A full table of the assay results is inserted below. The reported intervals are believed to be true width. The new drilling data is now being incorporated into the Spout/G1 resource estimates being completed by SRK. DDHFrom (m)To (m)Interval (m) Cu (%)Au (g/t)Ag (g/t)Fe (%)Copper Eq.*Copper Eq.*Cu+Au+AgCu+Au+Ag+FeG20-50271.00294.0023.000.230.041.505.020.280.31including285.32288.002.680.680.084.196.150.800.84306.00307.301.300.280.041.305.230.330.36410.00426.0016.000.260.051.8911.560.330.44including418.00422.004.000.400.062.5514.000.480.63461.00463.002.001.750.226.4016.852.012.21G20-51306.00392.4086.400.250.041.108.230.300.37including322.25325.403.150.460.082.4715.590.560.73including332.00341.109.100.360.061.478.340.430.50including345.15346.000.850.690.093.1023.000.801.08including372.90374.001.100.810.042.706.980.880.93412.30436.0023.700.420.082.1513.740.510.66including412.30417.355.051.021.914.9918.792.752.97 Assumptions used in USD for the copper equivalent calculation were metal prices of $3.00/lb. Copper, $1,800/oz Gold, $23/oz Silver, Magnetite $75/tonne, and recovery is assumed to be 100% as no metallurgical test data is available. Fe(%) conversion to magnetite based on Spout Deposit is Fe*1.254 - 4.1747 The following equation was used to calculate copper equivalence: CuEq = Copper (%) + (Gold (g/t) x 0.8796) + (Silver (g/t) x 0.0112) + (Fe (%) x 0.0128).These latest results significantly extend G1-style semi-massive magnetite-copper carbonate replacement mineraliza...