Business
EnGold Lac La Hache Drilling Update
Vancouver, British Columbia--(Newsfile Corp. - May 17, 2017) - David H. Brett, President &...
About this update from Engold Mines Ltd.
[{"type":"text","content":"EnGold Lac La Hache Drilling UpdateVancouver, British Columbia--(Newsfile Corp. - May 17, 2017) - David H. Brett, President & CEO, EnGold Mines Ltd., (TSXV: EGM) (\"EnGold\" or the \"Company\") reports assay results from two holes within the step-out drilling program designed to follow-up the previously announced copper, gold, silver, magnetite discovery drill hole G16-01. The area is located 1.8 km south of the Spout Skarn Deposit at the Company's 100% owned Lac La Hache Property in the Cariboo region of British Columbia (the \"Property\").Drill holes G17-07 & G17-08 targeted intercepts 50 metres south of holes G17-03 & G17-04 respectively. Hole G17-07 intercepted 6.05 metres (m) from 351.25 to 357.3 m downhole grading 1.01 % copper, 0.18 grams per tonne (gpt) gold and 8.02 gpt silver, including 3.15 metres grading 1.43 % copper, 0.31 gpt gold and 12.6 gpt silver. Hole G17-08 intercepted 7.08 m from 335.83 to 342.9 m downhole grading 0.39% copper, 0.10 gpt gold and 3.33 gpt silver, including 3.77 m grading 0.74 % copper, 0.13 gpt gold and 4.57 gpt silver. Assays are pending from holes G17-09 & G17-10 which targeted intercepts 50 metres west and east of holes G17-04 & G17-03 respectively and encountered mineralization over significantly narrower widths than holes G16-01, G17-03, & G17-04. An approximately 11 metre intercept from hole G17-11, located 50 metres north of hole G16-01, is now being prepared for assay. Holes G17-12 & G17-13 are still underway. \"It's evident that the mineralization in this location appears to be narrowing to the south, east and west, as indicated by the local magnetic and gravity geophysical anomalies in this discovery area. The anomalies define a trend extending to the north of the discovery hole, where we will continue to test potential extension of the zone\" said EnGold VP of Exploration Rob Shives, P.Geo. \"The sub-horizontal stratigraphy which hosts the mineralization has a very predictable attitude in all drilling to date and this offers excellent initial targeting strategy. Although skarn-style mineralization typically presents continuity challenges, we intend to use the combined magnetic and gravity patterns to significantly improve our drill targeting, both locally and regionally along the 5.5 kilometre anomalous trend of anomalies currently indicated.\" Following...