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EnGold Plans Deep Drill Hole to Test Core of Large Porphyry System at Lac La Hache
Vancouver, British Columbia--(Newsfile Corp. - January 30, 2020) - David H. Brett, President &...
About this update from Engold Mines Ltd.
[{"type":"text","content":"EnGold Plans Deep Drill Hole to Test Core of Large Porphyry System at Lac La HacheVancouver, British Columbia--(Newsfile Corp. - January 30, 2020) - David H. Brett, President & CEO, EnGold Mines Ltd., (TSXV: EGM) (\"EnGold\" or the \"Company\") reports that EnGold plans to commence a deep drill hole (up to 800 metres) in late February, 2020 at its Lac La Hache Property to explore an area believed to potentially host the porphyry copper-gold \"roots\" of the property's many mineralized zones. The planned hole will be the first to test below the \"Ann North\" prospect, where prior drilling by the company (early 2000s) encountered significant core lengths (over 100 metres) grading 0.2% to 0.3% copper in hydrothermal breccias, at shallow depths. \"We have been building our resource through agglomeration of known and new discoveries for some time at Lac La Hache,\" says Rob Shives, VP Exploration. \"These results combined with ongoing collection of new geochemical and geophysical information now provide evidence that is very compelling, suggesting possible porphyry copper roots that have not been discovered yet. We are very excited to test this in a few locations, starting with the Ann North area. Ideally, the proposed hole will cut a significant interval of porphyry copper-gold-silver mineralization; however, the additional geological information will be highly valuable, regardless.\"\"EnGold has enjoyed many exploration successes at Lac La Hache focusing on closer to surface copper/gold skarn & breccia deposits with mine making potential such as Spout, G1 and Aurizon,\" said EnGold President & CEO David Brett. \"But drilling deeper has always been something management and many shareholders have been very bullish about, and its exciting to be going ahead with this hole under the direction of our exceptional technical team.\" The exploration history at Lac La Hache is typical of porphyry districts worldwide, requiring extensive, multi-year drill programs and surveys to define the various parts within these large magmatic-hydrothermal systems. Like other districts, mineralized skarns (e.g. Spout, G1, Nemrud, others) and hydrothermal breccia deposits (Aurizon and others) at Lac La Hache are created by metal-bearing fluids driven upwards by hot porphyritic intrusions at depth. As exploration evidence builds, various mineral ...