Vancouver, August 6, 2020 - David H. Brett, President & CEO, Engold Mines Ltd., (TSXV: EGM) ("EnGold" or the "Company") reports that exploration at the Company's 100% owned Lac La Hache Property in the Cariboo Region of Central BC will resume August 10th, 2020. Activity will include completing the final 200 metres of the Ann North alkalic porphyry target as well as surface follow up of new gold occurrences near the Aurizon Gold Deposit. Other drill targets are being considered for August, the details of which will be announced when confirmed. Also, SRK's Spout & G1 resource calculations, delayed by Covid-19, are now expected in fall 2020.
"We're pleased to be getting back to work at Lac La Hache," said EnGold CEO David Brett. "Our immediate focus is the gold discovery potential of both the Ann North alkalic porphyry environment and the Aurizon Gold hydrothermal breccia area, where we are finding new gold occurrences."
"In addition to ongoing exploration work at Ann North, Aurizon, Spout, and G1, a compilation and review of exploration data for the newly acquired and adjoining Tim Property is also underway," said EnGold VP of Exploration Rob Shives, P.Geo. "The Tim Claims features some of the highest silver values on the Lac La Hache Property, and extends our mineralized corridor to 10 km."
About EnGold
EnGold (www.engold.ca) is focused on exploring its 100% owned mineral property located near the town of Lac La Hache in BC's prolific Cariboo mining region. EnGold's corporate philosophy rests on three interdependent pillars: Environment, Engagement and Gold. Through sound environmental stewardship, commitment to transparent engagement with local communities, the Company is dedicated to driving shareholder and stakeholder value by discovering and developing mineral resources.
Rob Shives P.Geo., VP Exploration and a Qualified Person as defined under National Instrument 43-101, has reviewed and approved the technical content of this release.
Engold Mines Ltd.
Per/
David Brett, MBA
President & CEO
Contact: David Brett, 604-682-2421 or david@engold.ca
Forward Looking Statements: The information in this news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry and failure to obtain regulatory approval in a timely manner. Forward-looking statements in this release include statements regarding plans to raise financing for operations, future exploration programs and operation plans and anticipated timing for completion of the next tranche of the financing. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements. EnGold disclaims any obligations to update or revise any forward looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable law.
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