EnGold Drilling at Aurizon Intersects 3.05 Metres Grading 18.54 Grams Per Tonne Gold, 37.96 gpt Silver and 1.49% Copper
Including 0.9 Metres Grading 57.8 gpt Gold, 116 gpt Silver and 2.99% CopperVANCOUVER, October 7, 2016 - David H. Brett, President & CEO, Engold Mines Ltd., (TSXV: EGM) ("EnGold" and the "Company") reports that EnGold's ongoing drill program at Aurizon has encountered significant gold, silver and copper values in a drill hole located over 100 metres on strike from previous drilling. Hole AZS16-53 intersected 3.05 metres grading 18.54 grams per tonne gold, 37.96 gpt silver & 1.49% copper, including 0.9 metres grading 57.8 gpt gold, 116 gpt silver & 2.99% copper between 457.85 & 460.9 metres down hole. EnGold's 2016 drilling of hole AZS16-53 commenced at a depth of 328.27 metres to extend a 2009 drill hole that new geological modeling indicated had been stopped short of the zone. EnGold is in the process of completing its fourth hole at Aurizon and further assay results from the anticipated 3,000 metre program will be released as they become available.
"These very encouraging results underscore the size and grade potential of the Aurizon hydrothermal breccia structure," said EnGold CEO David Brett. "Our astute geological team seized on a great opportunity to test a deep target in a very economical manner."
The mineralized structure was interrupted by a post-mineral mafic dyke from 460.9m to 465.2m. The mineralized zone then resumed at 465.2m, yielding a second 10.8 metre intercept grading 1.56gpt Au, 0.3 Cu & 1.91gpt Ag. Gold and copper mineralizaton occurs within an intensely potassically altered and fractured intrusive host similar to previous intercepts in this structure. Reported intervals are core lengths and not true width, as true widths in this section have not yet been determined.
| Lac La Hache Project 2016 Drilling — Significant Intercepts | ||||||
| Hole ID | From (m) | To(m) | Interval (m) | Au (g/t) | Ag(g/t) | Cu(%) |
| AZS16-53 | 457.85 | 460.90 | 3.05 | 18.54 | 37.96 | 1.49 |
| including | 460.00 | 460.90 | 0.90 | 57.8 | 116 | 2.99 |
| And | 465.20 | 476.00 | 10.80 | 1.56 | 1.91 | 0.30 |
| including | 465.20 | 468.00 | 2.80 | 2.87 | 4.93 | 0.76 |
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.
EnGold is currently focused on evaluation of its Aurizon Gold (gold-copper-sliver) prospect, where drilling continues to extend the host structure and gold-rich grades. 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.
Quality Control/Quality Assurance Program
Engold Mines Ltd. follows procedures which ensure sample security, chain of custody and Quality Assurance/Quality Control (QA/QC) for all drilling and geochemical sampling, conforming to best current industry practices as defined by the Canadian Institute for Mining, Metallurgy and Petroleum (CIM) standards, and required for TSX-listed companies as defined by National Instrument 43-101.
All drill core was logged, photographed and cut in half with a diamond saw. Half core samples were bagged, sealed and sent securely to ALS Canada Ltd in Kamloops for preparation. Analyses were completed by ALS Minerals in Vancouver for Au (30 gram split fire assay, atomic absorption finish, gravimetric finish), Cu (ore grade, aqua regia), Ag (ore grade, aqua regia) and 35 additional elements by 4 acid digestion of a 0.25 g sample followed by an inductively coupled plasma - atomic absorption spectroscopy finish. As part of our comprehensive QA/QC program, one standard, and one in-line replicate were inserted into the sample stream in each group of 20 samples, as well as one or more field blanks in each analytical batch.
Bernhardt Augsten, P.Geo., Senior Project Geologist for EnGold 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 information, contact David Brett, 604-682-2421 or david@engold.ca
This news release may contain "forward-looking statements". Readers are cautioned that any such statements are not guarantees of future performance and that actual development or results may vary materially from those in these "forward looking statements."
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SOURCE: Engold Mines Ltd.