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David H. Brett, President & CEO, EnGold Mines Ltd., (TSX-V: EGM, “EnGold” or the “Company”) reports that drill hole G17-23, located 112 metres west-southwest from discovery hole G16-01 has intersected 18.75 metres grading 1.13 % copper, 0.14 gpt gold, 5.55 gpt silver and 26.23 % iron. Although the geometry of the mineralization has yet to …
David H. Brett, President & CEO, EnGold Mines Ltd., (TSX-V: EGM, “EnGold” or the “Company”) reports that drill hole G17-23, located 112 metres west-southwest from discovery hole G16-01 has intersected 18.75 metres grading 1.13 % copper, 0.14 gpt gold, 5.55 gpt silver and 26.23 % iron. Although the geometry of the mineralization has yet to be determined, this hole significantly extends the zone to 250 meters from recently announced G17-16 (43.45 m grading 1.31% copper, 0.20 gpt gold, 4.06 gpt silver & 31.14% iron). Assay results have also been received for drill holes G17-18 through 22 and are tabulated below. All results reported are believed to be true width.
As quoted in the press release:
Mineralization within DDH G17-23 is typical of the skarn replacement style defined by earlier drilling in the discovery area, with magnetite-chalcopyrite replacement of calcsilicate-tourmaline altered basaltic polylithic volcanic breccia containing subrounded, partially digested clasts (up to 6cm), locally including limestone. Several well mineralized intervals (see assay table) are separated by narrow intervals of dark green, pyroxene-phyric mafic volcanic flows containing only traces of chalcopyrite. Results demonstrate the strong lithological control on this stratiform mineralization.
