The Spout Magnetite-Copper Deposit (“Spout”), located to the north of the Lac La Hache Property, hosts “skarn-style” copper-magnetite mineralization. Spout is a prospect that has received significant exploration attention over several decades, in part due to the striking magnetic anomaly that was identified in early government airborne geophysical surveys.
In March of 2021, EnGold disclosed an updated mineral resource estimate at Spout including a potentially open-pitable indicated mineral resource of 6.5 million tonnes grading 0.48% CuEq and an inferred mineral resource of 7.66 million tonnes grading 0.39% CuEq, containing 21,000 and 20,400 tonnes of Copper respectively (46,296,600 pounds Cu & 44,973,840 pounds Cu respectively). Also at Spout, an additional 390,000 tonnes of inferred mineral resources grading 1.19% CuEq is included with potential for underground mining extraction.
| Deposit | Category |
Tonnes Mt |
Grade | Metal Content | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| CuEq | Cu | Ag | Au | Mgt | Cu | Ag | Au | Mgt | |||
| % | % | g/t | g/t | % | 000’s t | 000’s oz | 000’s oz | 000’s t |
|||
| Spout Open Pit |
Indicated | 6.5 | 0.48 | 0.33 | 1.34 | 0.05 | 11.62 | 21.0 | 277.0 | 10.6 | 749.8 |
| Inferred | 7.66 | 0.39 | 0.27 | 0.99 | 0.04 | 9.50 | 20.4 | 242.9 | 10.0 | 727.8 | |
| Spout Underground | Inferred | 0.39 | 1.19 | 1.00 | 2.58 | 0.13 | 10.33 | 3.9 | 32.3 | 1.6 | 40.3 |
| G1 Underground |
Inferred | 1.71 | 1.65 | 1.25 | 6.45 | 0.19 | 30.94 | 21.4 | 354.4 | 10.2 | 529.1 |
To download a copy of the National Instrument 43-101 Technical Report for EnGold Mines Ltd. (Lac La Hache Project) by SRK Consulting (Canada) Inc. , click here.