EnGold provides Lac La Hache exploration update
Thursday, Jul 13, 2017
David H. Brett, President & CEO, EnGold Mines Ltd., reports that 21 drill holes comprising 9,117.5 metres have now been completed around discovery drill hole G16-01. 90% of the holes drilled to date have encountered skarn-style mineralization across widths ranging from 2 to 43 m in true thickness. Although there may be a north-east/south-west trend emerging, the geometry of the mineralization has yet to be determined, and less than 50% of the mag/gravity geophysical anomaly has been drilled to date. With data from the newly completed airborne survey now being processed, modeled and interpreted, together with the significant additional ground gravity data collected over several weeks, EnGold's technical team will spend approximately two weeks developing the next series of drill targets, both at the discovery area, and at anomalies along the 5.5km anomalous trend.  Two additional holes were drilled targeting on trend gravity anomalies, bringing the total metres drilled on gravity/mag targets to 10,182.8 m.

"Our initial drilling regime in the discovery area has validated our geological model and encountered very impressive true-widths of the higher-grade mineralization," said VP Exploration Rob Shives, P.Geo. "Results clearly show that the thickness of the stratabound mineralization within the much larger ground gravity/magnetic anomaly can vary significantly within 50 m step-outs. Analysis of our new geophysical data will be critical to determining optimal drill targeting in the next phase."

Results from the first 17 holes drilled have been previously reported, including Hole G17-16 which intersected 43.45 metres (m) grading 1.31% Cu, 0.20 gpt Au, 4.06 gpt Ag & 31.14% Fe, including 24 m grading 1.67% Cu, 0.29 gpt Au, 5.09 gpt Ag & 34.55% Fe.  Hole G17-16 is collared 142 metres (m) northeast of discovery hole G16-01, which intersected 26.57 m grading 1.76% Cu, 0.27 gpt Au, 10.29 gpt Ag, & 35.8% Fe. Holes drilled as step-outs from G17-16 intersected discontinuous, narrow mineralized intervals. Hole G17-23, intersected the subhorizontal main mineralized zone approximately 71 m southwest of G17-04, appearing as several semi-massive magnetite-chalcopyrite intervals totalling 14.35 m over a wider, 19 m interval. Assays are pending for holes G17-18 through -23.  As soon as ongoing access and power difficulties related to forest fires in the region are resolved, the cores from hole G17-23 will be split and samples delivered to the lab on an expedited basis for rush assay.

"Particularly in light of recent fire activity in the area, the timing is good to pause drilling to fully leverage the significant new geophysical data we have in hand," said EnGold President & CEO David Brett. "EnGold is fully funded for its next phase of drilling, following up on the very compelling intercepts we have encountered to date and branching out to test the numerous anomalies on trend."

For more information, please visit: https://www.engold.ca/

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