EnGold Retains Leading Geoscience Company EarthLabs for Lac La Hache Data Analysis and Drill Target Generation
Vancouver, British Columbia–(Newsfile Corp. – September 14, 2022) – David H. Brett, President and Chief Executive Officer, EnGold Mines Ltd., (TSXV: EGM) (“EnGold” or the “Company”) reports that the Company has entered into a consulting services agreement with GoldSpot Discoveries, a division of EarthLabs Inc. (TSXV: SPOT) (formerly GoldSpot Discoveries Corp.), pursuant to which GoldSpot will apply its industry-leading learning expertise automation, artificial intelligence and geoscience to the vast Lac La Hache Exploration Database compiled over 30 years. The Lac La Hache project, located in the Cariboo region of British Columbia and 100% owned by EnGold, is a copper and gold property hosting three distinct mineral deposits in a large alkaline porphyry system with significant potential for discovery of new porphyries at depth as well as additional skarns. and hydrothermal breccia deposits closer to the surface.
“The big data revolution has arrived in the mining sector and Canada’s GoldSpot is leading the way,” said EnGold President and CEO David H. Brett. “Machine learning feeds on large amounts of data, and Lac La Hache has a remarkable repository of exploration information to guide our collaborative work with GoldSpot.”
“Two of EnGold’s three deposits at Lac La Hache were discovered blind,” said Rob Shives, P.Geo, EnGold’s Vice President of Exploration. “We have relied on a complex overlay of geophysical, geochemical, geological and drilling data to successfully predict the location of mineral deposits that do not outcrop at the surface. Our work with GoldSpot, I believe, will allow a great leap forward in our targeting intelligence and thus significantly improving our discovery potential.”
“We are pleased to begin working with EnGold on its Lac La Hache property. The datasets collected by EnGold are a perfect fit for GoldSpot’s AI workflow.” Commented Vincent Dubé-Bourgeois, CEO and Director of EarthLabs Inc. “EnGold has demonstrated the potential of the Lac La Hache deposits and we are confident that GoldSpot’s proprietary workflow will help to better understand the mineralization and assist EnGold in its exploration efforts.
GoldSpot works with leading exploration and mining clients for all types of commodities and deposits, using advanced technology and geoscience expertise to mitigate exploration risk and dramatically increase efficiency and the success rate of mineral exploration across resources. GoldSpot’s recent successes have demonstrated the potential to expand resources and make new discoveries using its proprietary AI exploration techniques.
Rob Shives P.Geo., Vice President of Exploration and Qualified Person under National Instrument 43-101, has reviewed and approved the technical content of this release.
EnGold is a Vancouver-based copper, gold, silver and magnetite exploration company focused solely on its 100% owned Lac La Hache property in the Cariboo region of British Columbia, home to the Spout copper deposit, Aurizon gold deposit and 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.
President and CEO
For more information contact David Brett, 604-682-2421 or [email protected]
This press release contains “forward-looking statements” within the meaning of Canadian securities laws. Forward-looking statements include, but are not limited to, the intended use of proceeds from the financing. These statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which EnGold will operate in the future. Some important factors that could cause actual results, performance or achievements to differ materially from those set forth in the forward-looking statements include, among others, global economic climate, dilution, stock price volatility and competition. Although EnGold has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or expected. 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. Accordingly, 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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