Engold Mines Ltd.â€™s [EGN-TSXV; GWRRF-OTC] drilling located 200 metres southeast of the G1 copper deposit has returned results of 0.54% copper equivalent (CuEq) over 33.6 metres in hole G21-52. Refer to company website for complete drill results.
The G1 copper deposit hosts a maiden inferred resource of 1.71 million tonnes grading 1.65% CuEq and lies within the companyâ€™s 100%-owned Lac La Hache property in the southern Cariboo region of British Columbia. More deep drilling is currently under way at the nearby Ann North alkalic porphyry prospect.
Drilling in 2021 targeted the down-dip/down-dropped extension of the G1 deposit to the southeast, as indicated by mineralized intervals typical of G1 style (calcsilicate alteration with chalcopyrite and magnetite) and porphyry style (chalcopyrite plus potassium feldspar plus epidote plus chlorite) at increasingly deeper depths.
This structurally controlled mineralized alteration corridor is interpreted as a possible feeder zone or metal source pathway, extending from an undiscovered intrusion responsible for the large and strong induced polarization chargeability anomaly located south and east of G1, where previous drilling encountered abundant pyrite. Results in diamond drill hole G21-52 extend the copper mineralization 200 metres beyond the current G1 zone. Although mineralization and alteration extend farther, beyond G21-52, mineralized intervals are narrow, suggesting future drilling is warranted east of G1, toward the IP chargeability anomaly.
“Potential to extend the G1 copper deposit is significant, as drilling to date in this area has shown,” said Engold’s vice-president of exploration, Rob Shives, PGeo. “Wider zones of lower-grade copper have been encountered as well as higher-grade intervals.”
â€œThe high-grade G1 copper deposit remains a key exploration target for Engold, where we have untested geophysical targets to the northeast and broad zones of copper mineralization to the south,â€ said Engold president and CEO David H. Brett. â€œGiven analyst bullishness around copper, Engold will continue to seek ways to leverage our in-ground copper resources at G1 and Spout.â€
|All drill intervals reported are core lengths, as the true width of the structure has not yet been fully determined.|
Engold is a Vancouver-based copper, gold, silver and magnetite exploration company focused solely on its Lac La Hache property that hosts the Spout copper deposit, the Aurizon gold deposit, the G1 copper deposit and other targets within a large porphyry mineralizing system.