EnGold Mines

About EnGold Mines

EnGold Mines is a Vancouver-based copper gold exploration company focused solely on its 100% owned Lac La Hache Property in the Cariboo region of BC.

The Lac La Hache Property hosts numerous copper-gold mineral deposits and prospects within a large alkalic porphyry system similar to the geological environments underlying well known BC copper-gold mines such as Red Chris, New Afton, Copper Mountain, and nearby Mount Polley. Potential exists to discover porphyry deposits at depth in addition to the skarn (Spout, G1) and hydrothermal breccia (Aurizon) resources already identified.

Located 14 km east of the town of Lac La Hache and in a region of producing mines (Gibraltar, Mount Polley), the Property’s local infrastructure includes power lines, highways, maintained roads, and other amenities.

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 exceptional shareholder and stakeholder value by fulfilling its vision to profitably supply much needed metals to the global marketplace.

G1 Copper Zone

The maiden G1 inferred resource estimate consists of 1.71 million tonnes grading 1.65% CuEq containing 21,400 tonnes of Copper (47,178,440 pounds), 354,400 ounces of Silver, 10,200 ounces of Gold and 529,100 tonnes of Magnetite. At Spout, the mineral resource estimate includes a potentially open-pitable indicated mineral resource of 6.5 million tonnes grading 0.48% CuEq and an inferred mineral resource of 7.66 million tonnes grading 0.39% CuEq, containing 21,000 and 20,400 tonnes of Copper respectively (46,296,600 pounds Cu & 44,973,840 pounds Cu respectively).

Notes:

1. Mineral resources are not mineral reserves and do not have demonstrated economic viability
2. Open pit mineral resources are reported at a cut-off grade of 0.2% Cu Equivalent
3. Underground mineral resources are reported at a cut-off grade of 0.7% Cu Equivalent
4. Cut-off grades are based on USD metal prices of $3.00/lb Cu, $21/oz Ag, $1600/oz Au and $87/t Magnetite, and metallurgical recoveries of 80% Cu, 45% Ag, 55% Au and 80% Magnetite

To download a copy of the National Instrument 43-101 Technical Report for EnGold Mines Ltd. (Lac La Hache Project) by SRK Consulting (Canada) Inc. , click here.

Spout Copper Deposits

In March of 2021, EnGold Mines disclosed an updated mineral resource estimate at Spout including a potentially open-pitable indicated mineral resource of 6.5 million tonnes grading 0.48% CuEq and an inferred mineral resource of 7.66 million tonnes grading 0.39% CuEq, containing 21,000 and 20,400 tonnes of Copper respectively (46,296,600 pounds Cu & 44,973,840 pounds Cu respectively). Also at Spout, an additional 390,000 tonnes of inferred mineral resources grading 1.19% CuEq is included with potential for underground mining extraction.

 

To download a copy of the National Instrument 43-101 Technical Report for EnGold Mines Ltd. (Lac La Hache Project) by SRK Consulting (Canada) Inc. , click here.

Aurizon Gold Deposit

High Grade Underground Mine-Making Potential

Current Focus: Assessment of u/g mining potential of gold-rich (Au-Ag-Cu) Aurizon

43-101 Technical Report for EnGold Mines Ltd. (Lac La Hache Project) by SRK Consulting (Canada) Inc.

Resource Estimate

On January 19th, 2018, EnGold Mines reported that independent geologist Garth Kirkham, P.Geo., of Kirkham Geosystems Ltd (“KGL”) completed and provided to EnGold a maiden Mineral Resource Estimate on the Aurizon South Gold Zone. Due to increasing metals prices, the estimate in the 2018 report was revised upward in 2021 to an Inferred Mineral Resource of 1,991,000 tonnes at a grade of 3.18 g/t AuEq, 2.32 g/t Au, 0.60% Cu and 5.3 g/t Ag based on a 2.0 g/t Gold Equivalent cut-off grade. The 2018 Kirkham Technical report was also replaced by “43-101 Technical Report for EnGold Mines Ltd. (Lac La Hache Project) by SRK Consulting (Canada) Inc.

The estimate is based on the 65 drill holes that have intercepted the structure to date, which remains open for expansion on strike and down dip. The gold-bearing Aurizon South also has significant amounts of copper and silver, and as such, the Company is expressing the resource as a gold equivalent, which incorporates the value of the copper and silver into the resource.

Inferred Mineral Resource cut-off sensitivities at Aurizon

Notes:

1. The current Mineral Resource Estimate was prepared by Garth Kirkham, P. Geo ., of Kirkham Geosystems Ltd.
2. All mineral resources have been estimated in accordance with Canadian Institute of Mining and Metallurgy and Petroleum (“CIM”) definitions, as required under National Instrument 43-101 (“NI 43-101”)
3. Mineral resources were constrained using mainly geological constraints and approximate AuEq grade domains.
4. AuEq values were calculated using average long-term prices of $1,600/oz Au, $21/0z Ag, $3.00/lb Cu, and metal recoveries of 92% Au, 95% Cu, and 90% Ag were used.  Base case cut-off grade assumed approximately $90/t operating and sustaining costs. All prices are stated in USD$.
5. Mineral resources are not mineral reserves until they have demonstrated economic viability. Mineral resource estimates do not account for a resource’s mineability, selectivity, mining loss, or dilution. All figures are rounded to reflect the relative accuracy of the estimate, and, therefore, numbers may not appear to add precisely.
6. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resoureces with continued exploration.

To learn more about EnGold Mines, go to https://engold.ca/

To learn more about the Southern BC area and to view the digital map, go to https://digigeodata.com/area/southern-bc/