David H. Brett, President & CEO, Engold Mines Ltd. , reports that the Company has arranged an $8 million non-brokered private placement of flow-through units , subject to a consolidation of capital on a 10 for 1 basis . The Company currently has 256,465,446 common shares issued and outstanding. Upon completion of the Consolidation, the Company is expected to have approximately 25,646,544 common shares outstanding. Under [...]
David H. Brett, President & CEO, Engold Mines Ltd., reports that the Company has filed on SEDAR a Technical Report in support of mineral resource estimates from SRK Consulting Inc. for the G1 Copper Deposit and the Spout Copper Deposit located on the Company's 100% owned Lac La Hache Property in the Cariboo region of BC. The Technical Report also includes a restatement of the 2018 mineral resource estimate for the Aurizon [...]
Engold Mines Ltd. reports that the Company has closed a previously announced non-brokered financing of 12,000,000 flow-through units at a price of $0.05 per unit for proceeds of $600,000. The units consist of one flow-through common share and one half of one warrant, whereby each whole warrant will entitle the holder to purchase one non-flow-through common share at a price of $0.075 per share for a period of two years [...]
David H. Brett, President & CEO, Engold reports that the previously reported non-brokered private placement of 10,000,000 flow-through units at a price of $0.06 per unit for gross proceeds of $600,000 will now consist of 12,000,000 units at $0.05 per unit, subject to TSXV acceptance. The units consist of one flow-through common share and one half of one warrant, whereby each whole warrant will entitle the holder to [...]
Engold Mines Ltd. reports that the Company has arranged a non-brokered private placement of 10,000,000 flow-through units at a price of $0.06 per unit for gross proceeds of $600,000, subject to TSX Venture Exchange acceptance. The units consist of one flow-through common share and one half of one warrant, whereby each whole warrant will entitle the holder to purchase one non-flow-through common share at a price of $0.10 [...]
Engold Mines Ltd., reports that the Company has received mineral resource estimates from SRK Consulting Inc. for the G1 Copper Deposit and the Spout Copper Deposit located on the Company's 100% owned Lac La Hache Property in the Cariboo region of BC. The maiden G1 inferred resource estimate consists of 1.71 million tonnes grading 1.65% CuEq containing 21,400 tonnes of Copper , 354,400 ounces of Silver, 10,200 ounces of [...]
Engold Mines Ltd. reports that drilling south of the G1 Copper Zone has confirmed the extension of carbonate replacement style mineralization similar to that previously reported in Hole G20-49, indicating broad zones of lower grade copper above the higher grade encountered in past drilling, with hole G20-51 returning 5.05 metres grading 2.75% CuEq within a wider interval of 23.70 m grading 0.51% CuEq. The G1 Copper Zone [...]
Engold Mines Ltd. reports that Road Gold Zone drill hole R20-2 intersected 4.3 gpt AuEq near the bottom of the 111.86 m hole. Hole R20-2, intended to intersect a gold-copper-silver mineralized hydrothermal breccia structure identified on surface, was abandoned due to intense faulting prior to intersecting the target, but nevertheless returned highly anomalous gold mineralization in intense stockwork fracturing and [...]
Engold Mines Ltd. reports that shareholders passed all resolutions put before the Company's Annual General Meeting held December 11th, 2020, in Vancouver. Management's slate of four directors were elected, being David Brett, Rolf Van Driesum, Dale Riemer, and John Brown. Former director Robert Gordon elected not to let his name strand for reelection and as such the resolutions passed included a reduction of the board to 4 [...]
David H. Brett, President & CEO, Engold Mines Ltd., reports that Hole G20-49, located on the southern edge of the G1 Copper Zone, has returned assays of 0.3% copper equivalent over an interval of 215 metres from 186m to 401m down hole. The G1 Copper Zone is located within a 10 KM prospective trend within EnGold's 100% owned Lac La Hache Property located in the Cariboo region of British Columbia. Assays remain pending from [...]
David H. Brett, President & CEO, Engold Mines Ltd., reports that its recent drilling campaign has wound up at its 100% owned Lac La Hache Property, located in the Cariboo region of British Columbia. Assays are pending for 320 core samples from 5 drill holes, 3 at the G1 Copper Zone southern extension and 2 holes at the new Road Gold showing. Assays are expected in early December. The Company has completed a total of 3,583 [...]
Assays Pending from New Extensions to G1 Copper David H. Brett, President & CEO, Engold Mines Ltd., reports that drilling is underway to test a new gold bearing structure on its 100% owned Lac La Hache Property in the Cariboo region of south-central BC. The Road Gold Zone is a 60 metre wide structure defined by mineralized quartz veins and fracturing within strongly altered monzonite, along a magnetic low that extends for [...]
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