En­gold be­gins 10,000-me­tre drilling at Lac La Hache

Stockwatch Daily - - MINES & METALS - Mr. David Brett re­ports

EN­GOLD MINES Ltd. has com­menced a two-drill, 20-hole, 10,000-me­tre next phase of di­a­mond drilling at En­gold’s 100-per­cent-owned Lac La Hache cop­per/gold/sil ver prop­erty lo­cated in the Cari­boo re­gion of Bri­tish Columbia. The wild­fire danger lev­els in the area have dropped sig­nif­i­cantly and are fore­cast to re­main low; and, as such, the com­pany does not an­tic­i­pate any weather-re­lated dis­rup­tions. The pro­gram is ex­pected to ex­tend to the end of Novem­ber, 2017.

One drill will tar­get ex­ten­sions of the cop­per/gold/sil­ver min­er­al­iza­tion dis­cov­ered in early 2017, while the other drill will test other geo­phys­i­cal anom­alies along a 5.5-kilo­me­tre prospec­tive trend. Both the stepout drilling at the discovery area and drilling along the trend will be guided by sig­nif­i­cant new in­sights gained from the pro­cess­ing, 3-D mod­el­ling and in­ter­pre­ta­tion of large amounts of re­cently col­lected and com­piled ground, air­borne grav­ity and mag­netic data.

At the discovery area, the com­pany be­lieves the new data in­di­cate ex­ten­sion of the min­er­al­ized zone to the south and west. The ini­tial fol­low-up holes in the discovery area will test tar­gets lo­cated 50 me­tres west and south of hole G17-23 in­ter­sec­tion. An im­age of the up­dated drill plan is lo­cated on the com­pany’s web­site.

The new 3-D mod­el­ling shows sev­eral new grav­ity anom­alies, in­clud­ing some that are larger and stronger than the discovery anom­aly. Images of the mod­elled anoma­lous data are avail­able on the com­pany’s web­site.

“I’m very ex­cited about this next phase of our ex­plo­ration pro­gram at Lac La Hache,” said Rob Shives, PGeo, En­gold’s vice-pres­i­dent of ex­plo­ration. “Our knowl­edge of the ge­ol­ogy, geo­physics and min­er­al­iza­tion keeps grow­ing, and our abil­ity to im­age data in 3-D sup­ports im­proved tar­get­ing. We are hope­ful we will con­tinue to make new dis­cov­er­ies in 2017.”

About En­gold Mines Ltd. En­gold is fo­cused on ex­plor­ing its 100-per-cent-owned min­eral prop­erty lo­cated near the town of Lac La Hache in Bri­tish Columbia’s pro­lific Cari­boo min­ing re­gion.

Mr. Shives, a qual­i­fied per­son as de­fined un­der Na­tional In­stru­ment 43-101, has re­viewed and ap­proved the tech­ni­cal con­tent of this re­lease.

We seek Safe Har­bor.

David Howe Brett, Robert Wil­son Gor­don, Don­ald Dale Reimer, Rolf Van Driesum, Jeremy P Wiebe

(EGM) Shares: 193,772,876

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