Engold drills 39.25 m of mineralization at Lac La Hache
ENGOLD MINES Ltd.’s drill hole G17-37 has intercepted 39.25 metres containing semi-massive mineralized sections (as s ays pending) similar in appearance to hole G17-16 at the company’s 100-per-cent-owned Lac La Hache property in the Cariboo region of British Columbia.
Hole G17-37 was located to test a 71 m gap along the northeast/southwest trend between holes G17-13 and G17-16 which intersected, respectively, 18.25 m grading 1.22 per cent copper, 0.14 gram per tonne gold, 5.27 g/t silver and 26.7 per cent iron, and 43.5 m grading 1.31 per cent Cu, 0.2 g/t Au, 4.06 g/t Ag and 31.14 per cent Fe.
Vertical hole G17-38, now in progress, has been collared midway between discovery hole G16-01 and G17-13 to test a similar 71 m gap along the trend. Hole 16-01 intersected 26.6 m grading 1.76 per cent Cu, 0.27 g/t Au, 10.29 g/t Ag and 35.8 per cent Fe. All intercepts reported are believed to be true width.
“Continuity of the well-mineralized zone has now been demonstrated between G17-16 and G17-13,” said Engold vice-president of exploration, Rob Shives, PGeo. “Given the structural variability of replacement-style mineralization, we believe additional closer-spaced drilling, both stepout and infill, will be prudent in future exploration phases.”
Drilling to the north of the G1 discovery to test for possible offset of the zone confirmed the presence of a significant fault in the upper portion of the hole (G17-36). Drilling problems related to the faulting caused a significant delay in completion of the hole, which intersected the anticipated host stratigraphy but with no significant mineralization. Additional testing for the offset of the mineralized zone as interpreted from ground gravity anomalies (see image on the company’s website) will be considered in the next phase of drilling in 2018.
Engold had anticipated reporting a resource calculation for the Aurizon South gold zone by the end of November, but work on the calculation by the company’s independent consultant is still continuing, with an announcement now expected by the end of December, 2017.
“Engold’s persistence at Lac La Hache resulted in a very exciting discovery in 2017,” said Engold president and chief executive officer, David Brett. “And given our deep
geological knowledge of the property and its strong potential, Engold is optimistic about our prospects for future exploration success.”
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. Engold’s corporate philosophy rests on three interdependent pillars: environment, engagement and gold. Through sound environmental stewardship and commitment to transparent engagement with local communities, the company is dedicated to driving exceptional shareholder and stakeholder value by discovering and developing mineral resources.
Mr. Shives PGeo, vice-president of exploration, and a qualified person as defined under National Instrument 43-101, has reviewed and approved the technical content of this release.
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David Howe Brett, Robert Wilson Gordon, Donald Dale Reimer, Rolf Van Driesum, Jeremy P Wiebe
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