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Nearly drill ready: Field work begins at Ontario’s next gold project

Market News, Mining
TSXV:ETU
07 June 2023 10:06 (EST)

Source: E2Gold Inc

E2Gold (TSXV:ETU) has nearly completed Grid 3 mapping at the Hawkins Project, bringing it to drill ready status.

The company has started its 2023 field exploration program on targets generated by soil geochemistry and geophysics, in collaboration with regional artificial intelligence and structural interpretation on the broader Hawkins Project.

Source: E2Gold Inc.

Grid 3 is west of the McKinnon Zone, where geologists are examining several combined geophysical and soil anomalies. In addition to gold, the team reported that many of these anomalies have the potential for copper-nickel discoveries.

Following this, exploration will extend to the outer-reaches of the project and develop a pipeline of highly prospective areas for future drill programs.

The Hawkins Gold Project is in north-central Ontario and hosts an inferred mineral resource of 6.2 million tonnes at 1.65 grams per tonne of gold, for 328,800 ounces of gold.

Source: E2Gold Inc.

The company’s CEO, Dr. Eric Owens, stated, “Hawkins is a large project with great potential and little surface exploration work beyond the McKinnon Zone. Because the property is covered by Boreal forest, we are using all available tools that modern technology can provide to “see though” the surface cover and delineate locations for future drilling.”

E2Gold Inc. is a Canadian gold exploration company with a large flagship property, the 80 km long Hawkins Gold Project. E2Gold recently launched a private placement at $0.035 per unit, to raise aggregate gross proceeds of up to $101,369. Click here to read more.

E2Gold Inc. (ETU) opened trading at $0.03 per share.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

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