EnGold Intersects 24 m and 13 m of Intensely Mineralized Material in Latest Two Drill Holes at New Discovery Zone
Vancouver, March 28, 2017 - David H. Brett, President & CEO, Engold Mines Ltd., (TSXV: EGM) ("EnGold" or the "Company") reports that the two drills exploring a new copper/silver/gold discovery at its 100% owned Lac La Hache Property have both intersected broad intervals of intensely mineralized material that is visually similar to the discovery hole G16-01. Holes G17-03, collared 50 metres ("m") east of discovery hole G16-01, & G17-04, collared 50 m west of G16-01, intersected 24 m and 13 m respectively at the same stratigraphic levels at approximately 335 m downhole. The holes are vertical and intercepts are believed to be true width. The mineralized core will be logged and assayed on a rush basis. Both drill holes will continue to their target depth of approximately 450 m. "The new drill information confirms the stratabound nature and size potential of the skarn-style mineralization we observed in the discovery hole," said VP of Exploration Rob Shives, P.Geo. "The newly commissioned gravity survey is proceeding and the data from this work will provide additional guidance for our drill program."
"These strong step-out holes at the new discovery area are very encouraging." said EnGold President & CEO David Brett. "Our exploration team is growing and continues to do excellent work covering not one but two high-priority targets at the Lac La Hache Property, where assay results from the Aurizon Gold zone are also pending."
Following the completion of holes G17-03 & G17-04, EnGold plans a brief pause in the drill campaign to allow time for assay results to come in, avoid difficult spring break-up conditions, enable new geophysical data to be processed and analyzed, and provide time to plan and staff-up for what management expects an intensely busy rest of 2017. Drilling is expected to resume April 19th following the Easter weekend.
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. 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.
Rob Shives P.Geo., VP Exploration and 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
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