Mr. Andrew Rees reports
ENGINEER GOLD MINES LTD. GRANTS OPTIONS
Engineer Gold Mines Ltd. has granted 2.6 million stock options with an exercise price of 10.5 cents to directors, officers, employees and consultants for a period of five years expiring Jan. 2, 2031.
About Engineer Gold Mines Ltd.
The Engineer gold project encompasses an area of 18,319 hectares, and is currently subdivided into three areas: the Engineer gold mine, the Tag property and Wann River.
Recent exploration has identified a small, high-grade historical gold mineral resource at the historical underground Engineer mine (see the company website for a National Instrument 43-101 report), a small gold-silver historical mineral resource on the Tag property, numerous high-grade vein and shear-hosted bulk-tonnage gold exploration targets, and a small, high-grade gold production opportunity. Both the resources are epithermal-style systems with additional epithermal targets evident on the project, including the Happy Sullivan. Wann River constitutes an orogenic gold target associated with the prolific Llewellyn fault, and has returned significant gold silver results including a grab sample yielding 263 grams per tonne gold and 1,350 g/t silver in 2010 from the Lum showing, one of the many local B.C. Minfile showings.
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