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EnGold Reports Gold Equivalent Values for 2008-2015 Aurizon South Gold Drill Results
VANCOUVER, BC / ACCESSWIRE / May 19, 2016 / David H. Brett, President & CEO, EnGold Mine...
About this update from Engold Mines Ltd.
[{"type":"text","content":"EnGold Reports Gold Equivalent Values for 2008-2015 Aurizon South Gold Drill ResultsVANCOUVER, BC / ACCESSWIRE / May 19, 2016 / David H. Brett, President & CEO, EnGold Mines Ltd., (TSXV: EGM) (\"EnGold,\" www.engold.ca, formerly GWR Resources Inc. GWQ) reports results of 25 drill holes completed between 2008 and 2015 from its 100% owned Aurizon South Gold Project calculated in equivalent gold values to incorporate the significant copper and silver grades into a single gold grade, which has resulted in a considerable increase in the expressed gold grades. For example, AZS08-07 includes a previously published intercept of 14 metres grading 10.36 gpt gold, 1.46% copper & 7.2 gpt silver, which when published as a gold equivalent returns 14 metres grading 12.17 gpt gold, a 14.8% increase in the value attributed to the gold grade. \nA full table of the revised results and the formula for calculating the gold equivalent values is provided below. The Aurizon South Gold Project is located within Engold's 18,275 hectare (45,158 acres) Lac La Hache Property in BC's Cariboo region. \n\"Incorporating Aurizon South's considerable copper and silver values into our published gold grades makes assessing the significance of our drill results a lot easier,\" said EnGold President & CEO David Brett. \"I believe Aurizon South has the potential to develop into a high grade, low cost gold producer, with the copper and silver values having significant impact.\" \nEnGold VP of Exploration Robert Shives, P.Geo., states:\n\"Drilling at Aurizon South shows high gold (plus copper and silver) grades occur within a near-vertical structure measuring 300m along strike (open), across potentially mineable true widths ranging from 3 to >10 m, to depths of more than 600 m (open). High grades of gold, copper and silver are common, hosted mainly by hydrothermal breccia, related fractures, quartz veins and silicified zones.\nAlthough multi-gram gold values are of primary interest at Aurizon South, considerable additional value is provided by accompanying copper (grades up to several percent) and silver (grades exceeding 20 grams per tonne) as indicated in the tables below, expressed as equivalent gold values. In addition, drill plan maps are available on the corporate website.\"\n\n \n \n Selected core assays 2008 - 2012, Aurizon South Prospect\n Previo...