July 07, 2016. Vancouver, BC. David H. Brett, President & CEO, EnGold Mines Ltd., (TSX-V: EGM, “EnGold,” www.engold.ca, formerly GWR Resources Inc. GWQ) reports that EnGold has signed a 50/50 joint venture agreement with Pacific Empire Minerals Corp. of Vancouver (“PEMC”) to explore EnGold’s Red Claim, and certain other surrounding claims of both EnGold & PEMC (the “Agreement”), where prior exploration has indicated potential for discovery of a bulk-tonnage copper deposit. The claims subject to the JV are located on a southwest portion of EnGold’s Lac La Hache Property (a map will be posted to EnGold’s website).
Under the Agreement, each party is contributing mineral claims that will be held 50/50 by the joint venture partners. PEMC is contributing claims surrounding the Red Claim comprising 1,314.54 hectares and EnGold is contributing claims totaling 868.25 hectares, including the Red Claim. Neither party is subject to any payment of cash or work requirement. Work programs and budgets will be subject to the approval of the partners.
“This agreement consolidates ground covering a strong exploration target, making the land package more attractive to majors and other potential third parties,” said EnGold President & CEO David Brett. “While EnGold continues to focus on its 100% owned Aurizon Gold zone, this JV enables us to leverage one of the many other excellent prospects within our Lac La Hache Property.”
“We are pleased to have the opportunity to work with Engold to advance an attractive copper-gold porphyry target in a great area,” said PEMC President Brad Peters.
Robert B.K. Shives, P.Geo., a Qualified Person as defined under National Instrument 43-101, has reviewed and approved the technical content of this release.
Engold Mines Ltd.
David Brett, MBA
President & CEO
For further info contact David Brett, 604-682-2421 or firstname.lastname@example.org
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