The Conversation (0)
David H. Brett, President & CEO, EnGold Mines Ltd., (TSX-V: EGM, “EnGold” or the “Company”) reports that 21 drill holes comprising 9,117.5 metres have now been completed around discovery drill hole G16-01. 90% of the holes drilled to date have encountered skarn-style mineralization across widths ranging from 2 to 43 m in true thickness. Although …
David H. Brett, President & CEO, EnGold Mines Ltd., (TSX-V: EGM, “EnGold” or the “Company”) reports that 21 drill holes comprising 9,117.5 metres have now been completed around discovery drill hole G16-01. 90% of the holes drilled to date have encountered skarn-style mineralization across widths ranging from 2 to 43 m in true thickness. Although there may be a north-east/south-west trend emerging, the geometry of the mineralization has yet to be determined, and less than 50% of the mag/gravity geophysical anomaly has been drilled to date. With data from the newly completed airborne survey now being processed, modeled and interpreted, together with the significant additional ground gravity data collected over several weeks, EnGold’s technical team will spend approximately two weeks developing the next series of drill targets, both at the discovery area, and at anomalies along the 5.5km anomalous trend. Two additional holes were drilled targeting on trend gravity anomalies, bringing the total metres drilled on gravity/mag targets to 10,182.8 m.
As quoted in the press release:
“Our initial drilling regime in the discovery area has validated our geological model and encountered very impressive true-widths of the higher-grade mineralization,” said VP Exploration Rob Shives, P.Geo. “Results clearly show that the thickness of the stratabound mineralization within the much larger ground gravity/magnetic anomaly can vary significantly within 50 m step-outs. Analysis of our new geophysical data will be critical to determining optimal drill targeting in the next phase.”