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E2Gold Inc. (ETUGF) is a Canadian gold exploration company with a flagship property, the Hawkins Gold Project in Ontario. With the McKinnon Zone Inferred Resource, E2Gold aims to increase shareholder value through discoveries at Hawkins. Recent assays revealed new gold targets on the eastern half of the project, expanding the footprint of the McKinnon Zone. Additionally, the Company has successfully closed private placements to raise funds for exploration programs.
E2Gold Inc. has appointed Dr. Mary-Louise Hill to lead its structural program at the Hawkins Gold Project. Dr. Hill, a professor with a PhD from Princeton, is recognized for her expertise in orogenic gold systems and has contributed to significant mines in northwestern Ontario. E2Gold's Chairman praised her experience with Newmont's gold mines. The company also announced the resignation of Mr. Bereket Berhe from the Board to focus on other business obligations, although he will remain an informal advisor. E2Gold's flagship property, the Hawkins Gold Project, has an inferred resource of 328,800 ounces of gold.
E2Gold Inc. (ETUGF) announced promising soil results from new exploration at Grid 3, indicating a potential expansion of the McKinnon Zone's strike length by 4 km. The findings support the viability of multiple new gold targets, including discoveries south of the McKinnon Zone trend. The McKinnon Zone currently hosts an Inferred Resource of 328,000 ounces of gold, and the company plans drilling in 2023 to further investigate these targets. The results suggest a correlation with pathfinder elements similar to the nearby Hemlo deposit, bolstering the area’s exploration potential.
E2Gold Inc. (OTCQB:ETUGF) announced the issuance of 923,332 common shares at a deemed price of $0.04 per share to directors, settling a debt of $36,933.28. CEO Dr. Eric Owens emphasized the board's engagement and support. Additionally, 400,000 stock options were granted to a director at $0.05, vesting immediately for three years. The issuance requires approval from the TSX Venture Exchange and is subject to a hold period of over four months. E2Gold focuses on gold exploration, particularly at its Hawkins Gold Project, boasting an inferred resource of 6.2 million tonnes grading 1.65 g/t Au.
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