Business
EnGold Mines Provides Lac La Hache Fall-Winter Drilling Update
Vancouver, British Columbia--(Newsfile Corp. - December 1, 2021) - David H. Brett, President & CEO, EnGold Mines Ltd., (TSXV: EGM) ("EnGold" or the "Company") r
About this update from Engold Mines Ltd.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - December 1, 2021) - David H. Brett, President & CEO, EnGold Mines Ltd., (TSXV: EGM) (\"EnGold\" or the \"Company\") reports that EnGold's fall-winter program has completed 4 deep holes using two drills (3,343 m), with two additional holes (1400 m) in progress. Drilling at the Ann North and G1 South areas indicate that anticipated mineralized zones in both areas are getting wider at depth. Due to backlogs at analytical labs caused by the very busy exploration season in BC, assays from all unreported 2021 holes remain pending, including Road Gold, with first results expected late December and early January, 2022. 2004 drilling at the Ann North Prospect defined porphyry copper mineralized zones grading 0.2 - 0.25 % Cu and 0.3 - 0.35 gpt Au over 100 - 200 m intervals at shallow depths of less than 300m, within hydrothermal breccia and related fracturing in quartz-monzonite and syenite. More recent 3D modeling of the historical geological, geophysical and assay data has shown the best mineralization lies within a prominent magnetic low, surrounded by high chargeability caused by pyrite. A clear association between magnetite destruction (hematization) and the potassic alteration observed in drill cores suggests the mag patterns reliably map the hydrothermal alteration system within the multiphase Ann North intrusion. The core of the magnetic low appears fault bounded and measures approximately 400 m N-S by 700m E-W, offering a large target for exploration. Historical drilling has tested only 10% of this area, at shallow depths. The goal of our 2021-2022 Deep Drilling campaign at Ann North is to extend the encouraging near-surface mineralization to depth, testing for possibly higher- grade roots. Two holes (1,747m) have been completed (Figure 1). AN21-02 was collared north of AN04-19 and drilled -70 to the south to a downhole depth of 916.53 m. The hole has successfully extended mineralization cut in AN04-19 by 200m down dip, and intersected visible chalcopyrite, bornite, chalcocite and molybdenite to more than 750 m depth. AN21-03 was drilled vertically from the same collar to a depth of 830.35m, intersecting visible pyrite, chalcopyrite, bornite, chalcocite and molybdenite, intermittently, to end of hole. The intense potassic alteration and presence of quartz stockwork fracturing is...