Business
EnGold to Recommence Drilling at New Discovery Area by March 13th
Vancouver, British Columbia--(Newsfile Corp. - March 7, 2017) - David H. Brett, President &...
About this update from Engold Mines Ltd.
[{"type":"text","content":"\nEnGold to Recommence Drilling at New Discovery Area by March 13thExpanded Gravity Survey Planned; Drilling at Aurizon Gold OngoingVancouver, British Columbia--(Newsfile Corp. - March 7, 2017) - David H. Brett, President & CEO, EnGold Mines Ltd., (TSXV: EGM) (\"EnGold\" or the \"Company\") reports that a second drill is mobilizing to follow up on a recently announced discovery drill hole and is expected to be set up and drilling in the new area on or before March 13th. As reported March 1, 2017, hole G16-01 targeting a gravity geophysical anomaly encountered 1.76% copper, 0.27 grams per ton gold, 10.29 g/t silver and 35.8% iron over 26.57 meters (true width) in a previously undrilled area of the Company's 100% owned Lac La Hache Property in the Cariboo region of BC. Within this interval, a 14m thick interval exceeds 2% copper. The skarn-type mineralization is located 1.8 km southeast of the existing copper-gold-silver-magnetite resource defined at the Spout Deposit. \"The effectiveness of the gravity data, combined with our excellent knowledge of the geology of the property, is enabling EnGold to confidently target its next round of drilling,\" said EnGold VP Exploration Rob Shives, P. Geo. \"We are looking forward to stepping out from the discovery hole in this exciting new area of the Lac La Hache Property.\" The second drill will focus on the 1 km X 1.4 km gravity geophysical anomaly that prompted the discovery hole. EnGold has requisitioned an expanded and more detailed gravity survey that is expected to commence mid-March. The new gravity work will test for extensions of the anomaly, help guide drilling at the new discovery, as well as test for similar gravity anomalies on other parts of the property. \"EnGold is moving quickly to mobilize capacity to explore this exciting new discovery,\" said EnGold President & CEO David Brett. \"We are well positioned to move forward aggressively and expect the next several months to be very active for EnGold.\"Vertical drill hole G16-01 intersected semi-massive magnetite-chalcopyrite (minor pyrite) skarn type mineralization over a true width exceeding 26 meters. The mineralization appears stratabound, occurring within sub-horizontal, skarned Nicola volcanoclastic rocks interpreted as the possible down-dip extension of Spout host rocks. The mineralogy and textures of the mineral...