Subscribe
Be the first with the news that moves the market- EnGold Mines (TSXV:EGM) has identified new gold deposits within two exploration targets at its Lac La Hache Property in central British Columbia
- The discoveries were made during the prospecting of gold and polymetallic soil anomalies that were defined last year
- One new zone sits within the Aurizon West despot, with the other located at the Jodie Grid
- The company says that the assays will be released shortly, and ongoing work is being conducted to further define the new zones
- EnGold Mines (EGM) is currently steady and is trading at C$0.04 per share
EnGold Mines (TSXV:EGM) has identified new gold deposits within two exploration targets at its Lac La Hache Property in central British Columbia.
Located in the prolific Cariboo region, the Lac La Hache Property covers a total of 25,750 hectares featuring several drilled prospects.
The site contains the recently discovered Copper Skarn Zone, the Aurizon Gold-Silver-Copper Zone, the Spout Magnetite-Copper Deposit and the Berkey Porphyry Prospect.
EnGold believes that these deposits suggest the presence of a large, alkalic porphyry-copper system.
The discoveries were identified during the prospecting of gold and polymetallic soil anomalies that were defined last year.
One of the new zones sits within the Aurizon West deposit, located 1,100 metres north-west of the high-grade copper-gold deposit at Aurizon South. This discovery holds several gold grains as part of a series of magnetite-pyrite-quartz-carbonate veins.
The other zone, located in the Jodie Grid 2,300 metres west of Aurizon South, has been found to host intensely weathered veins containing limonitic clay gouge and quartz-pyrite-chalcopyrite.
Rob Shives, Vice President of Exploration at EnGold Mines, said the follow-on work from last year’s soil sampling is already producing promising results.
“Our recent prospecting over the new soil anomalies commenced June 3 and has already produced two new occurrences containing visible gold within bedrock located in the Aurizon West and Jodie areas.
“We have not completed our prospecting in either area, or on several additional gold, copper and silver soil anomalies,” he said.
Assay results relating to the new zones are now being accelerated, and will be released in due course while ongoing work seeks to further define the discoveries.
David Brett, President and CEO of EnGold, also commented on the growing potential of the Lac La Hache Property.
“Finding visible gold at brand new showings is a very encouraging sign,” he concluded.
Elsewhere on the property, the company plans to complete the deep Ann North drill hole once ground conditions have improved, along with resource calculation at the Spout and G1 copper zones.
EnGold Mines (EGM) is currently steady and is trading at C$0.04 per share at 11:36am EDT.
