+ Energold Drilling Corp. - News Releases - Initial Results From Longyear, Remainder To Follow Shortly - Thu Dec 12, 2019

News Releases


 March 10, 1999
Initial Results From Longyear, Remainder To Follow Shortly

 ENERGOLD MINING LTD. (EGD-V) announces results, tabulated below, from the first seven of 20 holes drilled during a recently completed 1,221 meter drill program on the LONGYEAR property, located 3.5 kilometers to the southwest of Pueblo Viejo in the Dominican Republic.

The 20 holes were drilled mainly within a 350 by 600 meter area in which pit and trench sampling returned 1.2 grams of gold per tonne from oxidized near-surface material.

----------------------------------------------------------------
HOLE #  FROM(m)  TO(m)  INT(m)  Oxide/     Au      Ag     Cu(%)
                                sulphide  (gm/T)  (gm/T)
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2051-1    0        5      5       Ox       2.935   6.08   0.053
    -1   37       39      2       S        1.465   3.3     .004
2051-2    2        5      3       Ox        .682   1.7     .059
2051-3    0        9      9       Ox       1.044  31.07    .730*
2051-4    0        6      6       Ox        .584   1.0    0.033
2051-5    0       16     16       Ox        .320   6.58    .113
2051-6    0        4      4       Ox        .269   4.00    .405*
    -6   15       21      6       Ox        .440   5.53    .267
    -6   27       31      4       Ox       1.548  23.75   2.200
    -6   37       41      4       Ox       1.019  28.50    .631
    -6   48       54      6       S         .182   4.10    .181
2051-7    0        8      8       Ox        .327   2.13    .430
    -7   24       28      4       S        1.453  28.45    .731*
    -7   30       40     10       S         .551  19.54    .277
    -7   60       70     10       S         .213   3.80    .061
----------------------------------------------------------------

* indicates incomplete analysis.

The first seven holes cover about one-third of the southeast flank of the target area at approximately 200 meter spacing. Individual one-meter assay results range up to 5.9 grams of gold per tonne, 103 grams of silver per tonne, 7.27 % copper and 1.59% zinc. Zones of disseminated and near massive to massive sulphides are observed to be parallel to the foliation of the enclosing schists; gold and silver mineralization are noted to occur over a vertical interval of in excess of 100 meters of true thickness and up to 70 meters downhole, generally associated with sulphides, locally with graphite and frequently with massive sulphides within strongly sericite altered zones, but controls and distribution remain poorly defined at this excessively wide spacing.

Results from the second of three shipments (holes 2051-8 to 13 and 2051-15) are expected to be available within days; the third shipment (holes 2051-14 and 2051-16 to 20) were shipped to Chemex in Toronto on March 9th, 1999, and should be available within two weeks.

Core sampling was completed by sawing the core in half and taking one meter samples for the entire length of the core. Samples consisting of one meter lengths of half core were crushed to minus 1centimeter and passed through a riffle splitter to obtain a .5 kilogram sample which was shipped to Chemex in Toronto for analysis using standard preparation and assay techniques. Check samples and duplicates were routinely inserted to ensure reliability of the data.

On behalf of the Board of Directors

H. Walter Sellmer

The Vancouver Stock Exchange has neither approved nor disapproved this release.
 
 

You can view the Next News Releases item: Wed Mar 24, 1999, Results From Six Further Holes On Longyear Property

You can view the Previous News Releases item: Thu Jan 21, 1999, Trench Results Demonstrate Continuity Of Gold Grades At Longyear

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