Deep Drilling At The Ann North Alkalic Porphyry Copper Gold Prospect

VANCOUVER - David H. Brett, President & CEO, EnGold Mines Ltd., said, “The Company has received assays from deep drilling at the Ann North Alkalic Porphyry Copper Gold prospect, and the Aurizon Gold Deposit deep drilling is currently underway. Both are located within the Lac La Hache Property in the southern Cariboo region of BC. Hole AN22-05 cut 0.14% CuEq. over 655m from 355m to 1010m, including more than a dozen intervals ranging from 0.2 up to 1.68% CuEq. Results reported are core lengths only as the geometry of the mineralized structure has not yet been determined. Hole AZS22-82 is presently drilling below a depth of 1200 meters.

Following completion of the hole AN22-05 at Ann North, a hole was collared at the Aurizon Gold Deposit designed to extend the near-vertical structure to depth, more than 400m below the currently deepest, high-grade intersection. Hole AZS22-82 has encountered a number of mineralized zones, with assays pending. Unexpectedly, at approx. 1155m, a carbonate replacement style mineralized zone has been encountered, including visible chalcopyrite, bornite, pyrite and magnetite within epidote and calcsilicate alteration of Nicola volcaniclastic rocks. Quartz veining also occurs in the hole, containing chalcopyrite and native copper, at more than 1000m below surface.”

“Our deep drilling program has confirmed a very large, mineralized zone at Ann North and we are learning a great deal about the structure to guide future exploration," said VP of Exploration, Rob Shives. "We are pleasantly surprised at what we are seeing at the bottom of the current Aurizon hole, which continues at a depth approaching 1,300 meters."

At Ann North, a series of deep (>900m) drill holes has successfully extended shallow, historically defined mineralization from roughly 300m to more than 900m vertically, on one section. The most recent hole, AN22-05, intersected a very broad interval of low grade mineralization (655m of 0.14% CuEq grading 0.1% Cu, 0.04gpt Au, 0.03gpt Ag) interpreted as the northern boundary of the western end of the Ann North prospect, as delineated by a very prominent magnetic low. Strong potassic alteration and magnetite depletion are associated with higher grade intervals within monzonite, monzodiorite and quartz monzonite phases which host disseminated and fracture-controlled chalcopyrite, bornite, pyrite and locally, trace molybdenite. AN22-05 has extended mineralization cut in previous holes, to the northern edge of the strong magnetic low anomaly, defining the northern limit of the zone on section. Future drilling will continue testing the magnetic low, extending near surface mineralization to depth.

Brett said, ”Our 2021/2022 deep drilling program has greatly expanded our knowledge of the geology of the Lac La Hache Property," said EnGold President & CEO David H. Brett. "We are well positioned to leverage our existing mineral resources as well as explore for new mineralization at depth."