En­gold drills 39.25 m of min­er­al­iza­tion at Lac La Hache

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

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.

We seek Safe Har­bor.

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

(EGM) Shares: 194,122,876

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