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The El Brujo concession is under option from IMPACT which is a 43% subsidiary of Energold. As previously announced the trench over the Dos Brazos Zone I, Au-Cu-Mo soil anomaly, exposed porphyry-style mineralisation. The 600 meter long trench cut an intense phyllic-altered zone, exposing weathered porphyry intrusive in contact with quartz-sericite schists. 355 meters of porphyry - mapped as a late intra-mineral phase - and quartz-sericite schist exposed in the trench averaged 0.2 grams of gold per tonne, confirming the gold-rich nature of the porphyry mineralization. Higher grades up to 0.71 grams of gold per tonne over 5 meters were encountered at the southwest end of the trench near Rio Dos Brazos. Copper which has been intensely leached in the tropical environment, returned up to .19% copper over 5 meter channel samples. All samples were sent to ALS Chemex, Vancouver, which conducted assays for Au plus 36 elements by ICP analysis.
Future planned work includes trenching of the Catalina Zone, a second Mo-in-soil anomaly with coincident Au and Cu, to identify if the soil anomaly is related to another or separate porphyry centre. Additional geological mapping and sampling is also required at the Las Cayas Zone, located 3000m north-west of Dos Brazos Zone I where rock float samples have returned values of 24.1 g/t Au, 16.7 g/t Au, 3.8 g/t Au, 2.9 g/t Au, 2.5 g/t Au and 2.0 g/t Au within an area of 800m by 400m. The target here is Pueblo Viejo-style mineralisation as identified in drilling by BHP in 1998 this being 4,000m distant in a south-easterly direction in the La Bruja concession.
The significance of this gold-rich porphyry mineralisation is highlighted by the independent consultants report of Dr. Richard Sillitoe. In his report Dr. Sillitoe, a leading economic geological consultant states; It is clear that porphyry copper deposits, some containing gold, are legitimate exploration targets in east-central Dominican Republic. Although small, low-grade examples must be anticipated, the possibility of a large, particularly gold-rich deposit is a distinct possibility .
Under an agreement with Energold Mining Ltd. and IMPACT Minerals International Inc., who control a large land package in the DR, MinMet can earn up to 51% of certain properties on confirmation to Energold/IMPACT that pre-determined expenditures on specific areas has been incurred ( Vesting Expenditures ). All costs after the Vesting Expenditures will be on a E&D 51:49 basis with Energold or IMPACT, with normal dilution provisions for non-participation.
On behalf of the Directors of Energold Mining Ltd.
Frederick W. Davidson
For further information, please contact:
Director Fred Davidson or Walter Sellmer
The TSX Venture Exchange has neither approved nor disapproved this news release.
