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Engold Mines Ltd V.EGM

Alternate Symbol(s):  GWRRF

EnGold Mines Ltd. is a Canada-based exploration company with a focus on copper, gold, silver and magnetite. The Company is focused on its 100% owned Lac La Hache Property in the Cariboo region of British Columbia (BC). The Lac La Hache Property hosts numerous copper-gold mineral deposits and prospects, such as Spout Copper Deposit, the Aurizon Gold Deposit, the G1 Copper Deposit, Ann North Porphyry Prospect and Berkey Porphyry Prospect. The Lac La Hache Property covers an area of approximately 25,750 hectares. The Project is located approximately 14 kilometers east of the town of Lac La Hache and in a region of producing mines (Gibraltar, Mount Polley), the Property’s local infrastructure includes power lines, highways, maintained roads, and other amenities. It also has properties in the Clinton Mining and Cariboo Divisions located near Lac La Hache, BC, which include Miracle/Murphy, Peach Lake, Ann, Murphy Lake and PMA/Cassidy.


TSXV:EGM - Post by User

Post by TELEMARKERon Oct 21, 2020 10:14am
80 Views
Post# 31754358

G1 getting bigger

G1 getting bigger

At G1 zone, three vertical 50 metre step-out holes have now been completed to the southeast. These have encountered extensions of the semimassive carbonate replacement copper-magnetite typical of the main zone, but with additional lower-grade intervals starting higher up in the holes and extending downwards for more than 100 metres true width. Marker horizons within the subhorizontal host strata appear to deepen toward the southeast towards DDH 18-42, where 58 metres grading 0.47 per cent copper included narrow semimassive intervals within porphyry-style alteration containing disseminated chalcopyrite. Assays are pending for all three holes.

"Drilling at G1 this fall has demonstrated the potential to extend the zone in all directions," said Engold president and chief executive officer David Brett. "Several other geophysical (magnetic and gravity) anomalies within our 10 kilometre mineralized corridor are very similar to those at G1 and remain completely untested."

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