- EnGold Mines (EGM) has paused its summer 2021 drill program because of the extreme risk of wildfires in British Columbia’s interior
- At the time of shutdown, drilling was underway at the Road Gold hydrothermal breccia, gold-copper-silver target discovered in fall, 2020
- A fourth drill hole has been started using larger diameter drill rods, but suspended due to the fire risk and will resume when conditions allow
- The company is waiting for further assay results from the property
- EnGold Mines is unchanged, trading at $0.04 at 9:30 am ET
EnGold Mines (EGM) has paused its summer 2021 drill program because of the extreme risk of wildfires in British Columbia’s interior.
At the time of shutdown, drilling was underway at the Road Gold hydrothermal breccia, gold-copper-silver target discovered in fall, 2020.
“With fires raging in the region, EnGold has placed safety first and paused its drill program until at least the end of July. Management will reassess the fire hazard conditions in August and will update investors on the outlook at that time,” said EnGold CEO David H. Brett.
Prior drilling at Road Gold encountered heavily faulted ground conditions that prevented the company reaching the target zone. However, drilling did produce encouraging assays in the highly potassically altered, brecciated monzonitic rocks that characterize the zone, including 3.9 grams per tonne of gold over two metres.
A fourth drill hole has been started using larger diameter drill rods, but suspended due to the fire risk and will resume when conditions allow.
“Out of an abundance of caution, our drill contractor decided to pull its personnel and equipment off the job. We fully support this move and sympathize with our drill contractor’s workers and our EnGold staff whose homes may be at risk of fire, locally and in other parts of the province. The fires had an early start this year and the extremely hot, dry conditions have created potentially dangerous situations throughout large areas in BC. Our thoughts are with all those affected or threatened by the fires,” said EnGold VP of Exploration Rob Shives.
The Vancouver mineral exploration company owns a 100-per-cent interest in the Road Gold Property. It continues to wait on further assay results from the property located near the town of Lac La Hache in British Columbia’s prolific Cariboo mining region.
EnGold Mines is unchanged, trading at $0.04 at 9:30 am ET.