E2Gold Begins 2023 Field Work to Advance Hawkins Project to Drill Ready Status

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TORONTO, ON / ACCESSWIRE / June 7, 2023 / E2Gold Inc. (TSXV:ETU)(OTCQB:ETUGF) has nearly completed Grid 3 mapping, bringing it to drill ready status. The Company has commenced its 2023 field exploration program on targets generated by soil geochemistry and geophysics in collaboration with regional artificial intelligence ("AI") and structural interpretation on the broader Hawkins Project.

Grid 3 is west of the McKinnon Zone, where geologists are examining several combined geophysical and soil anomalies. In addition to gold, many of these anomalies have the potential for copper-nickel discoveries (Figure 1).

Following this, the team will progress to more distal areas of the 80 km long project. Developing a pipeline of highly prospective areas for future drill programs is part of the Company's broader vision for Hawkins as a district scale play (see Figure 1).

Dr. Eric Owens, CEO, stated, "Hawkins is a large project with great potential and little surface exploration work beyond the McKinnon Zone. Because the property is covered by Boreal forest, we are using all available tools that modern technology can provide to "see though" the surface cover and delineate locations for future drilling."

Figure 1. Location of Grid 3, west of McKinnon Zone (in red), together with high-grade gold occurrences at Goldfields and Dubroy, all superimposed on a geology map.

Foto: Accesswire

The Company engaged Earthlabs (formally Goldspot) who conducted an AI analysis of all the compiled geological and geophysical data on the Hawkins Project. The study resulted in the identification of 23 "hot spots" with favorable geological signatures for gold. These areas will be the subject of surface mapping and sampling this summer (Figure 2).

Figure 2. Favourable areas (in blue) on the broader Hawkins property developed by Goldspot/Earthlabs.

Foto: Accesswire

E2Gold's own internal review of its detailed Airborne Magnetic Survey revealed two principal structural trends associated with the McKinnon Zone, as well as other trends which have led to new prospective areas (Figure 3).

Figure 3. Linear structures interpreted from detailed Airborne Magnetic Survey superimposed on geology for the in the western 25 km of the Hawkins property. Gray dashed ovals represent target areas beyond McKinnon and Grid 3.