EnGold Mines Provides Fall and Winter Drilling Update at Lac La Hache

Vancouver, British Columbia – (Newsfile Corp. – December 1, 2021) – David H. Brett, President and CEO, EnGold Mines Ltd., (TSXV: EGM) (“EnGold” or the “Company”) reports that the EnGold fall-winter program completed 4 deep holes using two drills (3,343 m), with two additional holes (1 400 m) in progress. Drilling in the Ann North and G1 South areas indicates that the mineralized zones predicted in both areas are widening at depth. Due to delays in assay labs caused by the busy exploration season in British Columbia, assays for all unreported 2021 holes remain on hold, including Road Gold, with first results expected in late December and early January 2022.

The 2004 drilling at the Ann North prospect defined porphyritic copper mineralized zones grading 0.2 – 0.25% Cu and 0.3 – 0.35 gpt Au over 100 – 200 m intervals at shallow depths of less 300 m, in hydrothermal breccia and associated fracturing in quartz-monzonite and syenite. More recent 3D modeling of historical geological, geophysical and analytical data has shown that the best mineralization is in a prominent magnetic depression, surrounded by high chargeability caused by pyrite. A clear association between magnetite destruction (hematization) and potassium alteration observed in drill core suggests that magnetic models reliably map the hydrothermal alteration system within the Ann North multiphase intrusion. The core of the magnetic depression appears to be bounded by a fault and measures approximately 400 m NS by 700 m EW, providing a large target for exploration. Historical drilling has only tested 10% of this area, at shallow depths.

The goal of our 2021-2022 deep drill campaign at Ann North is to extend the encouraging mineralization near surface at depth, testing possibly higher grade roots. Two holes (1747 m) were completed (Figure 1). AN21-02 was drilled north of AN04-19 and drilled -70 south to a bottom depth of 916.53 m. The hole successfully extended mineralization cut in AN04-19 200 m down dip and intersected chalcopyrite, bornite, chalcocite and molybdenite visible at depths over 750 m. YR21-03 was drilled vertically from the same collar to a depth of 830.35 m, intersecting pyrite, chalcopyrite, bornite, chalcocite and molybdenite visible, intermittently, until the end the hole. The intense potassium alteration and the presence of fracturing in quartz stockwork are also encouraging.

Figure 1

A third hole, YR21-04, currently in progress, was drilled along the southern edge of the magnetic anomaly and drilled at -70 near 320 Az. This hole will test new mineralized structures in previously undrilled shallow depths in the south, confirm dips of known mineralized structures and young mafic dykes that intersect the zones, and perform more extensive testing at depth.

The results at Ann North to date, based on visual observations of the new core, are encouraging and the Company looks forward to the results of the large interception analyzes. Rob Shives, P.Geo., Vice president of exploration for EnGold, said, “Ann North has all the ingredients necessary to host a potentially economical porphyry copper-gold-silver deposit: porphyry monzonite; intense K alteration; several species of copper sulphide, including chalcopyrite, bornite, chalcocite and possibly tennanite; locally intense stockwork fracturing, hydrothermal breccia and quartz veins; the whole resting in a strong magnetic depression bordered by a pyritic halo with high chargeability. “

The second drill rig mobilized at Lac La Hache at the beginning of October also completed two deep holes, in the area of ​​the G1 deposit, totaling 1,596 m (see figure 2). In 2018, G18-42, located 150 m southeast of the G1 copper deposit, intersected a 58 m thick mineralized interval grading 0.55% CuEq., Formed from both disseminated copper-style chalcopyrite lower grade porphyry AND higher grade semi-massive. typical magnetite-copper replacements for the G1 deposit, grading 0.55% CuEq. This hybrid zone is considerably deeper than the G1 deposit and suggests that further east / southeast exploration is warranted, looking for a possible intrusive source of G1 porphyry copper. The new 2021 drilling was concentrated in this area.

G21-52, located 100m solid east of G18-42, intersected similar mineralization at deeper depths and over a 170m wider core interval, causing a second eastward leg, G21-53. The results of this hole indicate that the trend is more southerly and suggest an advance of 100 m towards the south, as the hole G21-54, currently in drilling.

“Drill results at Ann North and southeast of G1 support our model that a potential for deeper alkaline porphyry exists at several locations on the Lac La Hache property,” said Rob Shives. “Our district-scale geologic model predicts porphyry roots common to many of the shallow historical prospects and deposits.”

“EnGold’s fall 2021 drill program is progressing on time and on budget,” said EnGold President and CEO David Brett. “While the backlogs are frustrating, they indicate a very encouraging province-wide exploration boom, driven by optimistic prospects for the metals that EnGold is exploring and defining. “

Junior mining networkFigure 2

Rob Shives P.Geo., VP Exploration and Qualified Person within the meaning of National Instrument 43-101, has reviewed and approved the technical content of this press release.

About EnGold

EnGold is a Vancouver-based copper, gold, silver and magnetite exploration company focused solely on its 100% Lac La Hache property in the Cariboo region of British Columbia, which is home to the deposit. Spout copper, the Aurizon gold deposit and the G1 copper deposit and other targets within a large system of porphyry mineralization. With world-class infrastructure on its doorstep, Lac La Hache is a great place to explore.

EnGold Mines Ltd.

David Brett

President and CEO

For more information contact David Brett, 604-682-2421 or This e-mail address is protected from spam. You need JavaScript enabled to view it.

This press release contains “forward-looking statements” within the meaning of Canadian securities laws. Forward-looking statements include, without limitation, the intended use of the proceeds of the financing. These statements and information are based on numerous assumptions about current and future business strategies and the environment in which EnGold will operate in the future. Certain important factors that could cause actual results, performance or achievements to differ materially from those shown in forward-looking statements include, but are not limited to, the global economic climate, dilution, stock price volatility and competition. Although Engold has attempted to identify material factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or planned. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Therefore, readers should not place undue reliance on forward-looking statements. EnGold does not undertake to update any forward-looking statements except in accordance with applicable securities laws.

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