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gold investing

EnGold Drills 39.25 Metres of Mineralization at Lac La Hache

Priscila Barrera
Dec. 06, 2017 09:17AM PST
Precious Metals Investing

David H. Brett, President & CEO, EnGold Mines Ltd., (TSX-V: EGM, “EnGold” or the “Company”) reports that EnGold drill hole G17-37 has intercepted 39.25 metres containing semi-massive mineralized sections (assays pending) similar in appearance to hole G17-16 at the Company’s 100% owned Lac La Hache Property in the Cariboo region of BC. Hole G17-37 was …

David H. Brett, President & CEO, EnGold Mines Ltd., (TSX-V: EGM, “EnGold” or the “Company”) reports that EnGold drill hole G17-37 has intercepted 39.25 metres containing semi-massive mineralized sections (assays pending) similar in appearance to hole G17-16 at the Company’s 100% owned Lac La Hache Property in the Cariboo region of BC. Hole G17-37 was located to test a 71m gap along the northeast/southwest trend between holes G17-13 and G17-16 which intersected, respectively, 18.25 m grading 1.22 % Cu, 0.14 gpt Au, 5.27 gpt Ag, 26.7 % Fe and 43.5 m grading 1.31 % Cu, 0.2 gpt Au, 4.06 gpt Ag, 31.14 % Fe. Vertical hole G17-38 now in progress has been collared midway between discovery hole G16-01 and G17-13 to test a similar 71m gap along the trend. Hole 16-01 intersected 26.6 mgrading 1.76 % Cu, 0.27 gpt Au, 10.29 gpt Ag, 35.8 % Fe. All intercepts reported are believed to be true width.
As quoted in the press release:

“Continuity of the well mineralized zone has now been demonstrated between G17-16 and G17-13,” said EnGold VP of Exploration Rob Shives, P.Geo. “Given the structural variability of replacement-style mineralization, we believe additional closer spaced drilling, both step-out and infill, will be prudent in future exploration phases.”

Click here for the full text release

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