EnGold Drills 655 Metres of 0.14% Copper Equivalent at Ann North, Deep Hole at Aurizon Gold at 1200 Metres and Still Underway

Original announcement by tmx on

Company
EnGold Mines Ltd.
Ticker
EGM
Exchange
TSX
Region
British Columbia
Primary commodity
Copper
Secondary commodities
Gold, Silver
Document categories
Drill results, Other
Extracted
2026-08-21 12:06:58 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

EnGold has reported deep drilling results from the Ann North Alkalic Porphyry Copper Gold prospect, featuring a 655m intercept of 0.14% CuEq. The results extend historically defined mineralization to depths exceeding 900m and confirm a large mineralized zone.

Reasoning: The drill results show a very broad (655m) but low-grade copper-equivalent intercept, extending known mineralization to depth at the Ann North prospect.

Positive factors

  • significant depth extension
  • broad mineralized zone
  • step-out extension

Negative factors

  • low grade intercept
  • metal equivalent assumptions disclosed but recovery assumed 100%

Facts used in scoring: 4

Atlas analysis — EnGold Mines Ltd.: EnGold Drills 655 Metres of 0.14% Copper Equivalent at Ann North, Deep Hole at Aurizon Gold at 1200 Metres and Still Underway. 0.1 % over 655 m

Classification and evidence

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: AN22-05 has extended mineralization cut in previous holes to the northern edge of the magnetic low anomaly.

Evidence · text

“AN22-05 has extended mineralization cut in previous holes”

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: Release mentions a Qualified Person (P.Geo) has reviewed and approved the technical content.

Evidence · text

“Rob Shives P.Geo., VP Exploration and a Qualified Person... has reviewed and approved”

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: While assumptions are provided, the recovery is assumed to be 100% without metallurgical data.

Evidence · text

“Recovery is assumed to be 100% as no metallurgical data is available”

Extracted facts

Stored fact records: 4. Some facts used in scoring do not have a stored record.

Drill Results (4)

AN22-05Ann North · copperGrade: 0.1Grade Unit: %Intercept: 655 mView all details
Link to this fact

Identity

Hole ID
AN22-05
Project
Ann North
Commodity
copper
Region
canada_bc
Reported Region
British Columbia
Ticker
EGM

Geometry

Grade
0.1
Grade Unit
%
Intercept
655 m
From
355 m
To
1010 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
AN22-05:355.0-1010.0
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.14
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2022-05-17T00:00:00.000Z

Reasoning: 655m wide intercept of 0.1% Cu is a significant geological footprint but low grade.

Positive factors

  • broad width

Negative factors

  • low grade

Evidence · table

“0.10”

Context: 655.00

AN22-05Ann North · goldGrade: 0.04Grade Unit: g/tIntercept: 655 mView all details
Link to this fact

Identity

Hole ID
AN22-05
Project
Ann North
Commodity
gold
Region
canada_bc
Reported Region
British Columbia
Ticker
EGM

Geometry

Grade
0.04
Grade Unit
g/t
Intercept
655 m
From
355 m
To
1010 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
AN22-05:355.0-1010.0
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2022-05-17T00:00:00.000Z

Reasoning: Low grade gold component in a large copper intercept.

Evidence · table

“0.04”

Context: 655.00

AN22-05Ann North · silverGrade: 0.03Grade Unit: g/tIntercept: 655 mView all details
Link to this fact

Identity

Hole ID
AN22-05
Project
Ann North
Commodity
silver
Region
canada_bc
Reported Region
British Columbia
Ticker
EGM

Geometry

Grade
0.03
Grade Unit
g/t
Intercept
655 m
From
355 m
To
1010 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
AN22-05:355.0-1010.0
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2022-05-17T00:00:00.000Z

Reasoning: Trace silver component.

Evidence · table

“0.03”

Context: 655.00

AN22-05Ann North · copperGrade: 1.58Grade Unit: %Intercept: 1.16 mView all details
Link to this fact

Identity

Hole ID
AN22-05
Project
Ann North
Commodity
copper
Region
canada_bc
Reported Region
British Columbia
Ticker
EGM

Geometry

Grade
1.58
Grade Unit
%
Intercept
1.16 m
From
533.84 m
To
535 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
AN22-05:533.84-535.0
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.68
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2022-05-17T00:00:00.000Z

Reasoning: High grade copper intercept within a larger low-grade zone.

Positive factors

  • high grade

Negative factors

  • narrow width

Evidence · table

“1.58”

Context: 1.16

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.