Business
EnGold Provides Lac La Hache Drilling Update, Assays Pending
Vancouver, British Columbia--(Newsfile Corp. - March 30, 2020) - David H. Brett, President &am...
About this update from Engold Mines Ltd.
[{"type":"text","content":"EnGold Provides Lac La Hache Drilling Update, Assays PendingVancouver, British Columbia--(Newsfile Corp. - March 30, 2020) - David H. Brett, President & CEO, EnGold Mines Ltd., (TSXV: EGM), \"EnGold\" or the \"Company\") reports that 174 drill core samples have been collected from 339 of 604 metres drilled to date within the previously announced deep drill hole at the Ann North area of EnGold's 100% owned Lac La Hache Property in the Cariboo Region of Central BC. Hole AN20-01 was paused at a depth of 604 m, before its planned depth of 800 m, due to possible hole deviation away from the target zone. The decision to delay completion of the hole also involved factors arising out of the Covid-19 crisis, including delay in delivery of downhole survey equipment and concerns for worker safety. The sampled intervals are from better than expected shallower sections and the current bottom of the hole. The drill has been left on the collar and the hole will be resumed following release of assays from the upper sections, the deviation survey of the hole, and when it is safe to do so. \"I am pleased with the progress of the hole to date, but had reason to believe the hole was deviating from its intended trajectory,\" said EnGold VP of Exploration Rob Shives, P.Geo. \"Without our downhole deviation survey tool on site, and given the growing concerns and effects of the Covid-19 restrictions on our staff, drill crew and Lac La Hache services, pausing the hole was our best bet.\"Geologically, this hole has provided encouragement, intersecting quartz-bearing intrusive phases not seen elsewhere on the project except at Ann North, with intense potassic alteration, sparsely distributed, narrow hydrothermal breccia veins, quartz-sulphide veins with chalcopyrite, bornite and tentatively identified chalcocite, and disseminated and vein-hosted molybdenite (latter not observed elsewhere within the 7-km mineralized corridor at Lac La Hache). Alteration remains very strong at the current bottom of the hole, which has been sampled, containing traces of chalcopyrite and bornite. Our assay lab at ALS Vancouver remains operational and we expect to receive assay data before the end of April, depending on Covid-19 developments. \"While abiding by best practices and social distancing measures, operating a drill program during the Covid-19 crisis proved increa...