Tickers: XTSX:EAU
Tags: #Mining
Vancouver, B.C. - TheNewswire - July 31, 2019 -- Engineer Gold Mines Ltd. (TSXV:EAU) ("Engineer Gold", the "Company") announces that 4 shallow holes totaling 350 metres have been drilled along the Jersey Lilly Vein, successfully identifying multi-metre intercepts of a vuggy, crustiform-colloform quartz-calcite, "Engineer Vein style" vein zone over a strike length of 55 metres. Drill core logging and sampling is in progress.
The Company also announces that drilling has commenced on the 'Engineer TMI' anomaly, a possible intrusion-hosted gold target located 350 metres northeast of the Jersey Lilly Vein drilling area. Drill hole 19DDH-ENG005, currently in progress, is targeting a gold-silver-arsenic-antimony MMI soil anomaly flanking the 180 X 160 metre-wide Engineer TMI Total Magnetic high geophysical anomaly, situated between the southward converging 'Shear A' and 'Shear B' structures. Two additional Phase I drill holes will target the southern end of the Engineer TMI anomaly, 100 metres to the south, and the broad 250m2 "BC Gold" gold-silver-arsenic-antimony MMI soil anomaly near the Shear A & B intersection, a further 300 metres to the south.
The Company also announces that mine dewatering of the lowermost 3 mine levels (Levels 6-8) will commence this week.
Qualified Person
Mr. Scott Dorion, P.Geo., a 'Qualified Person' (Q.P.) as defined under Canadian National Instrument NI 43-101, has prepared and reviewed technical aspects of this news release.
About Engineer Gold Mines Ltd.
Engineer Gold is a recently listed Company focused on the exploration and development of the 100%-owned, 14,020 ha Engineer Gold Mine Property, centered on the Historic high-grade Engineer Gold Mine situated 32 km southwest of Atlin, B.C. Previous work has identified a small, Inferred high-grade gold Mineral Resource, numerous high-grade vein and shear-hosted bulk-tonnage gold exploration targets and a modest, high-grade gold production opportunity. Engineer Gold is fully permitted for surface and underground exploration drilling, small-scale test mining and on-site milling at the Engineer Gold Mine Property.
For additional information please visit the company website at www.engineergoldmines.com.
On behalf of the Board of Directors, For further information, please contact:
Mr. Brian P. Fowler, P.Geo. Nelson Da Silva
President and Director Manager Corporate Communications
bfowler@engineergoldmines.com nelson@engineergoldmines.com
(604) 722-0041
Cautionary Note Regarding Forward-Looking Statements
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Engineer Gold Mines Ltd. which may cause actual results, performance or achievements of Engineer Gold Mines Ltd. to be materially different from the results, performance or expectation implied by these forward looking statements. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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