E2Gold Identifies McKinnon Zone at Depth; Delayed Assays Still Pending - Seite 2

Figure 1: E2Gold Geologists use blacklight to target the McKinnon Zone

Foto: Accesswire

Phase 2 Step-Out Drill Program

E2Gold has completed 7,500 m of our 10,000 m drilling program, in 16 holes to-date. The Company's first step-out drill program is testing 3 targets, independent of one another. These include 1) a series of deep holes well below the known McKinnon Zone Inferred Resource, 2) shallow-level step-out holes aiming to chase higher grade zones within the Inferred Resource, and 3) off-trend geophysical targets.

E2Gold's principal efforts are the deep target holes below the McKinnon Zone: 12 holes spaced roughly 300 m apart designed to test the zone at approximately a 500 m depth, some 350 m below the Current Resource. Geological indicators from the deep holes, such as the presence of quartz veining, indicator minerals, and structural fabrics confirm the intersection of the Mckinnon Zone at depths between 300 m and 500 m, well below the limits of the known Current Resource.

The other two targets - shallow step-out and off-trend targets - comprise a smaller part of the program. These are part of a broader planned program to test targets beyond the McKinnon Zone - along trend or off trend - on the largely untested 75-km long Hawkins project, a program that will carry in to 2022 and beyond. Current drilling will continue into the new year in order to take advantage of winter freeze-up.

Other Exploration Activities

While the Company waits on its McKinnon Zone assays results, its exploration team has been busy identifying new drill targets on and beyond the McKinnon Zone. To that end, E2Gold has been employing a number of different exploration methods, including airborne magnetic surveys, ground induced polarization ("IP") surveys, mineral and rock chemical studies, surface stripping, channel sampling, downhole geophysical and tele-optical surveys, surface mapping and prospecting, and 3D modelling.

Western Claim Block: E2Gold completed a 2,941 line-km airborne magnetic survey over its Western Block of claims in the fall, and was subject to first-pass geological and prospecting surveys during 2021. The western block is essentially an untested part of the property, but the underlying geology consists of the confluence of two major fault zones in the shadow of the Strickland Pluton, and suggests a favorable environment for gold mineralization.