|March 30, 2004|
Energold Expands Real De Belem Project And Announces Upcoming Drill Program
|Energold Mining Ltd. (EGD:TSX.V) is pleased to announce an expansion of the Real de Belem silver/gold project in Mexico. An ongoing program of rock sampling and mapping has revealed extensive old workings throughout the project and the surrounding area. Mapping of the old workings has increased the strike length of the Belem Vein system to at least 700m and sampled a 125m adit on the San Antonio Vein system. The numerous workings demonstrate the existence of multiple high-grade vein systems throughout the area. To ensure control over additional vein systems, a staking program recently completed added another 1380 hectares to the project, bringing the total number to 1980 hectares. Exploratory pits and adits are also present throughout the newly staked claim. Assays are pending.|
In April, Energold plans to begin a 1500 m drill program on the Belem and San Antonio Vein systems. The goal will be to verify the existing drill results on the Belem system and expand our knowledge of the nearby mineralized structures on the property.
The Belem 1 Vein has been tested with an underground decline by the owner and seven core drill holes drilled by Consejo de Recursos Minerales ("CRM"). Along a strike length of 500m, an average depth of 75m and a 2.2m width, the vein returned an average grade of 2,175g/t Ag and 1.2g/t Au within a range of 571 to 3,713 g/t Ag and 0.5 to 2.4 g/t Au. Note that these assays reported by the owner and CRM and the assay and sampling procedures may not conform to Canadian NI43-101 standards.
Vancouver-based Energold Mining Ltd. is a profitable exploration company focusing on precious and base metals targets within Mexico and the Dominican Republic. Energold owns 50% of Kluane International Drilling Inc., a profitable contract diamond drilling company and 46.7% of IMPACT Minerals International Inc. (IPT: TSX.V), a precious metals 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.
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