EnGold Mines (EGM-V) Sept 14, '16 has commenced an estimated 8 hole, 3,000 metre diamond drill program at its 100% owned Lac La Hache Property in the Cariboo region of BC, targeting the Aurizon Gold zone, where prior drilling has returned multiple high-grade gold/copper intercepts over significant widths. The Company's 2016 drill program will seek to extend known mineralized zones on strike and down dip within the large hydrothermal breccia structure that remains open in all directions. The Company has received approval from the BC Ministry of Energy and Mines for its 5 Year Multi-Year Area-Based exploration permit.
"Management believes Aurizon Gold has tremendous exploration upside," said EnGold President & CEO David Brett. "Aurizon Gold is just one the exciting exploration assets at EnGold's Lac La Hache Property, which also hosts the Spout Copper Deposit and significant porphyry copper potential."
"I'm excited to be back drilling at Lac La Hache," said VP of Exploration Robert Shives, P.Geo. "The significant size and grade potential of the Aurizon Gold breccia structure is coming into focus better than ever as we continue to study and understand past drilling data."
About EnGold
EnGold is focused on finding and developing mining operations at its 100% owned mineral property located near the town of Lac La Hache in BC's prolific Cariboo mining region. EnGold's corporate philosophy rests on three interdependent pillars: Environment, Engagement and Gold. Through sound environmental stewardship, commitment to transparent engagement with local communities, the Company is dedicated to driving exceptional shareholder and stakeholder value by discovering and developing mineral resources.
About the Lac La Hache Property
The advanced stage property lies within BC's Quesnel Trough mineral belt, which hosts several past and currently producing copper/gold/silver mines, including nearby Imperial Metals' Mount Polley copper-gold mine and New Gold Inc.'s New Afton copper-Gold mine. The Company has drilled numerous prospects on the property, including Spout copper-magnetite-gold-silver deposit (for which a resource calculation has been reported and supported by an NI43-101 Technical Report), the gold-rich Aurizon gold-copper-silver prospect and recent new discoveries with porphyry and skarn copper/gold potential.
EnGold is currently focused on evaluation of its Aurizon Gold (gold-copper-sliver) prospect, where drilling continues to extend the host structure and gold-rich grades. Supported by significant local infrastructure including powerlines, all season road access, rail and other amenities, the Lac La Hache project demonstrates excellent logistics for resource extraction.
Robert B.K. Shives, P.Geo., a Qualified Person as defined under National Instrument 43-101, has reviewed and approved the technical content of this release.
Engold Mines Ltd.
Per/
David Brett, MBA
President & CEO
For further info contact David Brett, 604-682-2421 or david@engold.ca
engold.ca |
