+ Energold Drilling Corp. - News Releases - Energold Announces Joint Venture On El Higo Project - Mon Jul 13, 2020

News Releases

 January 19, 2004
Energold Announces Joint Venture On El Higo Project

 Energold Mining Ltd. (EGD:TSX.V) is pleased to announce a joint venture with MinMet plc on the El Higo Project (also known as El Centenario) in the Dominican Republic, subject to a 30-day due diligence period. Previous exploration by Energold and others included 69 short diamond drill holes totalling 4,248 metres that outlined a zone of epithermal gold mineralization. Drilling of the high-grade zones reported intersections of up to 9.18 g/t Au over 23.1 metres, including an interval of 13.8 g/t Au over 10.5 metres (Hole HC-97-67). The 2,325-hectare project is located 30 km west of the Pueblo Viejo gold deposit.

MinMet will spend US$1.0 million over three years to earn a 60% interest in the project. Subsequently, MinMet has the right to earn 80% by taking the project to a feasibility study.

Vancouver-based Energold Mining Ltd. is a profitable exploration company focusing on silver and gold targets within Mexico and the Dominican Republic. Energold owns 50% of Kluane International Drilling, a profitable contract diamond drilling company and 46.7% of IMPACT Minerals International Inc. (IPT: TSX.V), a gold exploration company with properties in the Dominican Republic.

On behalf of the Directors of Energold Mining Ltd.

"Frederick W. Davidson"

For further information, please contact:
Fred Davidson or
Darrell Rader - Corporate Development

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

You can view the Next News Releases item: Wed Feb 18, 2004, Energold Announces $700,000 Private Placement

You can view the Previous News Releases item: Wed Jan 7, 2004, Energold Announces Further Details Of The Recently Acquired Real de Belem Silver/Gold Project

You can return to the main News Releases page, or press the Back button on your browser.

Show printable version of 'Energold Announces Joint Venture On El Higo Project' in a New Window