+ Energold Drilling Corp. - News Releases - Follow Up Drill Program Commencing on San Antonio I Concession - Tue Dec 10, 2019

News Releases


 February 29, 2000
Follow Up Drill Program Commencing on San Antonio I Concession

 Energold Mining Ltd. (EGD.CDNX) and Atna Resources Ltd. (ATN.T) announce that a drilling program on the San Antonio volcanogenic massive sulphide (VMS) property, in the Dominican Republic, will commence in early March. Eight attractive targets along a 4 kilometre strike length will be tested by approximately 1500 metres of diamond drilling.

A recently completed TEM geophysical survey indicated several conductors coincident with gossanous zones and anomalous soil geochemistry. Several of the holes will test IP and EM responses in the La Parcela and Copper zones. These targets may represent thicker extensions of the high grade massive sulphide mineralization intersected in previous drilling. Significant intersections from 1999 programs include:
Hole ID   Interval    Width  Copper  Zinc  Lead   Silver  Gold
          From-To     (m)     (%)    (%)   (%)    (g/t)   (g/t)
---------------------------------------------------------------         
La Parcela Zone 
SA99-01   88.2- 91.6   3.4   5.88    3.52   0.08   85.73   2.27
         135.1-136.5   1.4   2.44   10.52   0.01  142.67   1.10
SA99-02  152.4-155.5   3.1   3.39    8.55   0.13  185.21   1.38
                                                        
Copper Zone
SA99-07   56.1- 58.0   1.9   1.2    15.84   0.0    23.97   1.31
SA99-12   81.2- 85.8   4.6   1.14   10.16   0.04   53.27   2.03


Several holes are also planned to test coincident geochemical and geophysical anomalies, in areas of the property underlain by favourable host rocks, where there has been no previous drilling.

Atna can earn a 60% interest in the San Antonio I Concession from Energold by completing US$3 million in exploration and paying Energold US$300,000 in shares over a four year period. Energold's 50% subsidiary, Kluane International Drilling Inc., will be the drill contractor.

On behalf of the Directors

H. Walter Sellmer
President

The Canadian Venture Exchange has neither approved nor disapproved this news release.

For further information on EGD
Please contact: Fred Davidson
Walter Sellmer

900 - 543 Granville St.
Vancouver, B.C. V6C 1X8
Telephone 604 681-9501
Facsimile 604 681-6813
www.energold.com energold_mining@telus.net
 
 

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