EnGold Mines Ltd. Commences New Phase of Drilling at Lac La Hache
Vancouver, April 27, 2017 - David H. Brett, President & CEO, Engold Mines Ltd., (TSXV: EGM) ("EnGold" or the "Company") reports a new, 10,000 metre, 20 hole next phase of drilling is now underway following up on its initial series of four holes at the copper, gold, silver discovery area at the Company's 100% owned Lac La Hache Property in the Cariboo region of British Columbia (the "Property"). Also, EnGold has received assays from Aurizon Gold drill hole AZS 17-64, hole G17-02, and lower, secondary intercepts in holes G17-03 & G17-04 that are outside the main zone of mineralization. These results are tabulated below. "Over the next three months, this new phase of drilling at Lac La Hache will help us better understand the geometry and geology of the discovery," said EnGold VP of Exploration Rob Shives, P.Geo. "The new gravity and existing mag data, combined with our knowledge of the geology will be used to target new collar locations."
Drill hole G17-05 was collared 150 metres due south of discovery hole G16-01 and hole G17-06 was collared 2500 metres to the north west of hole G16-01. Hole G17-05 was drilled to a depth of approximately 515 metres and did not encounter the mineralized zone. Hole 17-06 remains drilling and has not encountered material of sufficient density to explain the measured gravity values, to the current depth of 475 metres.
"These two drill holes tested strong gravity responses where magnetic total field values were relatively low. It appears that a combination of higher magnetic and gravity values may provide better results as we continue to geologically calibrate and evaluate the new gravity data" said EnGold VP Exploration Rob Shives. "Additional in-fill gravity surveying will be conducted to more fully define the large northwestern anomaly prior to future drilling there."
Drilling continues in the area of the discovery hole G16-01 to test extension of the open mineralization in all directions, at 50 metre step-outs. Hole 17-07 has been collared to test 50 metres south of hole 17-03. The second drill rig will return to the discovery area to test 50 south of G17-04.
"The next few months of drilling will be an exciting time for EnGold as we explore this compelling new discovery," said EnGold President & CEO David Brett. "The size potential and distinctive style of the mineralization has ignited a tremendous amount of interest in the project."
Following a break in surveying, the gravity geophysical crews are gearing up to return to the project on or about May 5. An updated map of the gravity data has been uploaded to the Company's website.
Assay results from hole Aurizon Gold hole AZS17-64, G17-02 and previously unreported lower portions of holes G17-03 & G17-04 are tabulated below.
| Table 1: COMPLETED Assays for DDHs G17-02, G17-03 and G17-04, located 50 m east and west (respectively) of Discovery DDH G16-01 | ||||||||
| Status | DDH | From (m) | To (m) | Interval (m) | Cu (%) | Au (g/t) | Ag (g/t) | Fe (%) |
| New Results | G17-02 | 326.60 | 336.00 | 9.40 | 0.27 | 0.03 | 1.34 | 12.32 |
| and | 410.85 | 414.25 | 3.40 | 1.24 | 0.33 | 8.86 | 22.34 | |
| New Results | G17-03 | 307.00 | 313.00 | 6.00 | 0.33 | 0.04 | 2.20 | 7.98 |
| Previously Released | and | 337.30 | 359.00 | 21.70 | 1.22 | 0.17 | 5.96 | 30.06 |
| including | 343.00 | 349.00 | 6.00 | 1.76 | 0.16 | 8.00 | 34.23 | |
| New Results | and | 376.95 | 387.05 | 10.10 | 0.51 | 0.05 | 4.15 | 16.05 |
| Previously Released | G17-04 | 336.00 | 348.20 | 12.20 | 1.82 | 0.41 | 9.96 | 32.49 |
| including | 336.00 | 342.00 | 6.00 | 2.18 | 0.46 | 12.13 | 34.87 | |
| New Results | and | 423.83 | 425.12 | 1.29 | 0.70 | 0.06 | 5.50 | 21.30 |
| Table 2: NEW assays, Aurizon Zone 2017 (Holes AZS17-63 & -65 abandoned due to faulting) | ||||||
| DDH | From (m) | To (m) | Interval (m) | Cu (%) | Au (g/t) | Ag (g/t) |
| AZS17-64 | 100.00 | 102.00 | 2.00 | 0.04 | 1.37 | 0.70 |
| and | 296.80 | 299.00 | 2.20 | 0.04 | 2.14 | 0.50 |
| and | 365.80 | 372.00 | 6.20 | 0.65 | 0.73 | 7.25 |
| including | 365.80 | 367.00 | 1.20 | 1.37 | 5.52 | 28.20 |
| including | 370.00 | 371.00 | 1.00 | 1.54 | 2.77 | 5.30 |
| and | 397.80 | 398.80 | 1.00 | 0.01 | 1.32 | 5.30 |
| and | 410.50 | 412.75 | 2.25 | 0.80 | 0.75 | 3.58 |
| and | 420.85 | 423.00 | 2.15 | 1.34 | 4.33 | 7.00 |
Quality Control/Quality Assurance Program
Engold Mines Ltd. follows procedures which ensure sample security, chain of custody and Quality Assurance/Quality Control for all drilling and geochemical sampling, conforming to industry practices defined by Canadian Institute for Mining, Metallurgy (CIMM) standards, and required for TSX-listed companies by National Instrument 43-101.
All core was logged and photographed. Sampled intervals were sawed in half, bagged, sealed and sent securely to ALS Canada Ltd for analyses. Half-gram samples were digested with aqua regia acid then analysed by inductively coupled plasma-atomic emission spectrometry (ICP-AES) for 35 elements (ME-ICP41). A 30 gram split is analyzed for gold by fire assay with a gravimetric finish (ME-GRA21). Copper values exceeding 1 percent were analyzed using aqua regia digestion with an ICP-AES finish (ME-OG46) to improve accuracy and precision at higher grades. As part of our comprehensive QA/QC program, one standard, one blank and one in-line replicate were inserted into the sample stream in each group of approximately 20 samples in each analytical batch.
About EnGold
EnGold is focused on exploring 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 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.
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
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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