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EnGold Mines drilling extends G1 Copper Zone, intercepts 25 and 40 metres of mineralization with assays pending

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The latest 2 holes, located 20 metres on trend from the thickest known part of the G1 Copper Zone, which was discovered in 2017, encountered mineralization similar in style to hole G17-16 which cut 43.45 metres (true thickness) grading 1.31% copper, 0.20 grams per tonne gold, 4.06 grams per tonne silver and 31.14% iron, including 24 metres grading 1.67% copper, 0.29 grams per tonne gold, 5.09 grams per tonne silver, and 34.55% iron.

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Additional Information:

Company: EnGold Mines
Website: http://www.EnGold.ca
Stock Symbol: TSXV: EGM
Date Published: Sep 9, 2020
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

EnGold Mines’ latest two drill holes at its Lac La Hache Property have encountered significant widths of mineralization.

The company is focused exclusively on exploration of its 100% owned Lac La Hache Property, with two 43-101 Maiden Resource estimates, located within the largest gold-copper trend in Canada, near the town of Lac La Hache in the Cariboo region of central British Columbia.

The 25,750 hectare or 94 square mile property covers multiple drilled prospects including the Copper Skarn Zone, the Aurizon Gold-Silver-Copper Zone, the Spout Magnetite-Copper Deposit, the Berkey Porphyry Prospect, and numerous other significant mineral occurrences.

The latest 2 holes, located 20 metres on trend from the thickest known part of the G1 Copper Zone, which was discovered in 2017, encountered mineralization similar in style to hole G17-16 which cut 43.45 metres (true thickness) grading 1.31% copper, 0.20 grams per tonne gold, 4.06 grams per tonne silver and 31.14% iron, including 24 metres grading 1.67% copper, 0.29 grams per tonne gold, 5.09 grams per tonne silver, and 34.55% iron.

The G1 Copper Zone is located 1.8 kilometres south of the Spout Copper Deposit, which is part of a 10 kilometre prospective trend at the core of the company's Lac La Hache property.

Vertical hole G20-46, located 20 metres northeast of G17-16, intersected more than 15 metres of the coarse, clast-rich semi-massive magnetite-chalcopyrite typical of the G1 Zone, plus less massive disseminated chalcopyrite within fine grained volcaniclastic sediments for another 10 metres below.

The second vertical hole, G20-47, located 20 metres southeast of G17-16, cut three well mineralized semi-massive magnetite-chalcopyrite intervals separated by less mineralized sections. Collectively, the coarse, semi-massive intervals total 21 metres, within a mineralized interval spanning more than 40 metres true thickness.

Further drilling at G1 is planned.

David Brett, President & CEO, stated: "With the G1 resource estimate underway, we wanted to test the east end of the zone for expansion potential and its looking good so far. In 2017, our more aggressive 50 metre and 73 metre step outs left us uncertain as to the G1 Zone's dimensions in that direction. The new intercepts with good thicknesses to the east are very encouraging."

The company also completed the Ann North deep drill hole to its target depth of 804 metres.

As previously reported in April, the entire upper portion of the hole intersected intense potassic alteration within the intrusion, with anomalous copper, gold, silver and molybdenum values.

Although the hole did not return significant core intervals with economic grades, the geological information obtained supports the alkalic porphyry potential at Ann North.

Surface prospecting of gold occurrences near Aurizon is ongoing, with the drill program resuming September 14th.

The shares are trading at $0.055.

For more information, please visit the company’s website www.EnGold.ca, contact David Brett, President & CEO, at 604-682-2421 or email david@EnGold.ca.

I’m Cassandra Bolinski for Investmentpitch Media