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EnGold Mines announces identification of a new and compelling drill target results

Mining News - Published on Tue, 06 Nov 2018

Image Source: Junior Mining Network
Mr David H. Brett, President & CEO, EnGold Mines Ltd., reported that recent new Induced Polarization (IP) geophysical surveying has resulted in the identification of a new and compelling drill target at the Company's 100% owned Lac La Hache copper, gold, silver property in the Cariboo region of BC. A high intensity (up to 38 mV/V) and large (1500 m x 1000 m) IP chargeability anomaly located approximately 1000 m east of the G1 Copper Zone presents an undrilled porphyry copper-gold target and may indicate an intrusive that is genetically related to the copper-magnetite skarn mineralization at G1 Copper, providing insight for future drilling. Drilling of the new IP target is expected to commence November 12th. Weak, positive IP responses occur at the G1 Copper Zone, where relatively deep (350m) semi-massive magnetite-copper mineralization was discovered using ground gravity surveys. Recently announced DDH GP18-42 tested this IP response about 200 m southeast of G1 Zone discovery hole G16-01, and it intersected narrow intervals of "G1-style" magnetite-copper within a broad 58 m interval of "porphyry-style" alteration grading 0.47 % Cu. The geological results in GP18-42 suggest it may be proximal to a porphyry-style intrusion, possibly acting as a source for the carbonate replacement style of mineralization at G1.

EnGold VP Ex. Rob Shives, P.Geo, said that "Recent modelling of historical and new geophysics supports this interpretation and presents a "classic" target typical of many porphyry deposits throughout the Quesnel Trough. A strong chargeabiiity anomaly (up to 38 mV/V here, the strongest untested IP chargeabiiity response on the entire Project) is coincident with a magnetic low and a radiometric eTh/K low, on the flanks of a magnetic high. This has been demonstrated at most deposits/mines within the Afton/Ajax district, and elsewhere. We are excited to test this high priority target."

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Posted By : Rabi Wangkhem on Tue, 06 Nov 2018
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