David H. Brett, President & CEO, Engold Mines Ltd., reports that the remaining $180,000 of the Company's $500,000 flow-through private placement announced June 24th, 2019 is expected to close by October 3rd, 2019, subject to certain conditions, including but not limited to, the receipt of TSX Venture Exchange acceptance. A $320,000 first tranche of the Financing closed July 2nd, 2019. Exploration at EnGold's 100% owned [...]
David H. Brett, President & CEO, Engold Mines Ltd. reports that the Company is set to recommence drilling of the Aurizon South Gold zone the first week of September, 2019, with the goal of potentially upgrading and expanding the maiden inferred resource announced in 2018. Also, crews will shortly commence a 1,500 station B-soil sampling program to support new exploration in four areas. Aurizon Gold Deposit Drilling The [...]
David H. Brett, President & CEO, Engold Mines Ltd., reports that the Company has entered into a shares-for-services agreement with VRIFY Technology Inc. pursuant to the provisions of TSX Venture Exchange Policy 4.3. Pursuant to the Agreement, VRIFY, which provides technology services to the Company, will receive its fees by way of the issuance of common shares of the Company. The Shares will be issued at a deemed price [...]
David H. Brett, President & CEO, Engold Mines Ltd., reports that the Company has closed the first tranche of the $500,000 non-brokered private placement of up to 4,545,455 flow-through shares that was announced June 24th, 2019. The Company has issued to a single institutional investor 2,909,091 flow-through shares at $0.11 per share for gross proceeds of $320,000. The Units are subject to a 4 month hold and will not be [...]
David H. Brett, President & CEO, Engold Mines Ltd., reports that the Company has arranged a non-brokered private placement of up to 4,545,455 flow-through shares at a price of $0.11 per share for gross proceeds of up to $500,000, subject to the acceptance of the TSX Venture Exchange. The proceeds from the sale of the flow-through shares will be used for ongoing exploration of EnGold's 100% owned copper, gold, silver, and [...]
David H. Brett, President & CEO, Engold Mines Ltd., reports that the Company's geological team, in part inspired by recent staking nearby by a major mining company, is reexamining the undrilled, grass-roots Scorpio porphyry-style polymetallic exploration target within the northern part of EnGold's large, 100% owned Lac Hache Project. Initially discovered in 2012, the Scorpio area consists of an approximately 5 km long, 9 [...]
David H. Brett, President & CEO, Engold Mines Ltd., reports drilling at EnGold's 100% owned Lac La Hache property in the Cariboo region of BC has successfully extended high-grade gold bearing quartz vein mineralization near the Aurizon Gold Deposit. The March campaign at Lac La Hache consisted of 7 short holes designed to test continuity and extensions of two mineralized quartz veins at surface west of the Aurizon Gold [...]
David H. Brett, President & CEO, Engold Mines Ltd., reports that the Company has closed the non-brokered $200,000 flow through private placement announced March 29th, 2019. The Company has issued to a single institutional investor 1,666,666 flow-through units at $0.12 per unit for gross proceeds of $200,000. The Units consist of one flow-through common share and one half of one warrant to purchase additional shares [...]
David H. Brett, President & CEO, Engold Mines Ltd., reports that the Company has arranged with a single institutional investor a non-brokered private placement of 1,666,666 flow-through units at $0.12 per unit for gross proceeds of $200,000, subject to the approval of the TSX Venture Exchange. The funds will be used for ongoing exploration of EnGold's 100% owned copper, gold, silver, magnetite Lac La Hache property in the [...]
David H. Brett, President & CEO, Engold Mines Ltd., reports drilling at EnGold's 100% owned Lac La Hache property in the Cariboo region of BC will recommence March 23rd, 2019, focusing on high-grade gold mineralization near the Aurizon Gold Deposit. The 6-hole shallow drilling program will target gold bearing quartz veins and silicified zones discovered on surface via 2018 soil sampling and prospecting, where previously [...]
David H. Brett, President & CEO, Engold Mines Ltd., provides the following summary and review of recent exploration of the Company's sole exploration project, the 100% owned Lac La Hache copper, gold, silver property in the Cariboo region of BC. 2018 was a busy year for EnGold at Lac La Hache. Based on EnGold's fiscal year which ends September 30th, $1,745,658 in exploration costs were incurred on the Lac La Hache [...]
David H. Brett, President & CEO, Engold Mines Ltd., reports that assay results from the Company's most recent drilling campaign have returned significant intercepts of high-grade gold mineralization near the Aurizon Gold Deposit, located within EnGold's 100% owned Lac La Hache property in the Cariboo region of BC. The drilling targeted gold bearing quartz veins and silicified zones discovered on surface via 2018 soil [...]
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