Engineer Gold Mines Ltd. (EAU) News
TSXV: EAU · Gold, Silver · Exploration stage
- Market cap$2.6M
- Share price$0.090
- 52-week range$0.040 – $0.225
- Shares outstanding29,309,233
- ExchangeTSXV
- Websitewww.engineergoldmines.com
The Engineer Gold Project encompasses approximately 18,319 hectares in northwestern British Columbia and is subdivided into three principal target areas: the Engineer Gold Mine, the TAG Property, and the Wann River prospect. The Project hosts a historical gold mineral resource at the past-producing underground Engineer Mine, as well as a historical gold-silver mineral resource on the TAG Property. In addition, the district contains numerous high-grade vein and shear-hosted gold targets with both bulk-tonnage and high-grade exploration potential, and a potential opportunity for small-scale production. Mineralization at the Engineer Mine and TAG Property is characteristic of epithermal-style systems, with additional epithermal targets identified across the Project, including the Happy Sullivan area. The Wann River prospect represents an orogenic gold target associated with the prolific Llewellyn Fault and has returned significant gold and silver values, including a grab sample of 263 g/t (7.67 oz/ton) gold and 1,350 g/t (39.37 oz/ton) silver from the Lum showing. Historical resources referenced herein are considered relevant but have not been verified by a Qualified Person and should not be relied upon.
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