- EnGold Mines (EGM) has begun drill testing of a new gold-bearing structure at its wholly owned Lac La Hache property in British Columbia
- Referred to as the Road Gold Zone, it was recently identified during follow-up of previously collected copper, gold and silver samples
- Nine of these bedrock samples were collected, grading up to 2.5 grams per tonne of gold, 1.2 per cent copper and 1.9 grams per tonne of silver
- The company is also waiting to receive assays from the G1 Zone, which are thought to show the extension of mineralisation more than 100 metres to the southeast
- EnGold Mines (EGM) is currently steady at 4.5 cents per share
EnGold Mines (EGM) has begun drill testing of a new gold-bearing structure at its wholly owned Lac La Hache property in British Columbia.
Located in the prolific Cariboo region, the Lac La Hache property covers a total of 25,750 hectares and features a number of previously drilled prospects.
This new target, referred to as the Road Gold Zone, was identified during follow-up exploration work based on several promising samples. Roughly 60 metres in width, it is characterised by mineralised quartz veins and sits along a magnetic low that extends for more than 1,600 metres.
A total of nine bedrock samples were previously collected from a 30-metre-wide portion of the area, grading up to 2.5 grams per tonne of gold, 1.2 per cent copper and 1.9 grams per tonne of silver.
Rob Shives, Vice President of Exploration at EnGold Mines, said the Road Gold Zone bears many of the same characteristics as the Aurizon South Gold Deposit, with potential for a larger width at surface and an even longer strike length.
“The Aurizon South structure is also magnetically low and strikes 020 degrees, so we see this as a compelling target,” he added.
In addition to exploration work at the Road Gold Zone, EnGold Mines is waiting to receive assays from recently completed drilling at the G1 Zone, which have been delayed due to COVID-19.
The company completed three 50-metre step-out holes, which are thought to confirm the extension of mineralisation approximately 100 metres to the southeast.
David Brett, President and CEO of EnGold Mines, said the drilling work demonstrates the potential to extend the zone in all directions.
“Several other geophysical (magnetic and gravity) anomalies within our 10-kilometre mineralised corridor are very similar to those at G1 and remain completely untested,” he concluded.
EnGold Mines (EGM) is currently steady at 4.5 cents per share, as of 2:07pm EDT.