ENGOLD MINES LTD - GWRRF STOCK NEWS

EnGold Mines (TSXV: EGM) has commenced drilling at its 100% owned Lac La Hache Copper-Gold Property in British Columbia. The property is located within the Quesnel Trough porphyry belt in the southern Cariboo region. The drilling program aims to test potential new copper skarn mineralization southeast of the Spout Copper Deposit, based on artificial intelligence work by ALS GoldSpot Discoveries and geological insights from the exploration team.

EnGold's VP of Exploration, Rob Shives, highlighted the significant potential for new high-grade copper skarn zones at Lac La Hache. The favorable carbonate-rich Nicola stratigraphy horizon, which hosts the Spout and G1 Copper Deposits, underlies much of the property. The drill program is expected to continue through August 2024.

EnGold Mines (TSXV: EGM) has successfully closed a non-brokered private placement of 4,000,000 flow-through units at $0.08 per unit, raising $320,000 in gross proceeds. Each unit comprises one flow-through common share and a two-year warrant to purchase one non-flow-through common share at $0.10. The company paid $8,400 in finders' fees and issued 105,000 finders' warrants. Proceeds will fund exploration of EnGold's 100% owned Lac La Hache Copper-Gold Property in BC's southern Cariboo region. The exploration expenses will qualify as critical mineral flow-through mining expenditures.

EnGold Mines Ltd. reports updates on the 100% owned Lac La Hache Copper Gold Project, including a 5-year exploration permit, an amendment to the Tam Property option agreement, and exploration priorities. The company received the permit in June 2023, allowing extensive new drilling and other exploration activities until 2028. The Tam Property option agreement term has been extended to 60 months, and the original payments have been replaced with share and cash payments. ALS GoldSpot delivered results identifying high priority targets for exploration work at Lac La Hache.