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E-Energy Drill Results From Rivard Gold Property At Red Lake
VANCOUVER, May 28, 2007 - E-Energy Ventures Inc. (TSX-V: EEV; Frankfurt:
D8F) is pleased to announce the results of its spring drilling program on the
Rivard gold property 20 kilometres west of Red Lake, Ontario. Drilling
encountered high grade gold mineralization including 125.59 grams of gold per
tonne across 0.40 metre as well as wide zones of low grade gold, including 13.80
metres of 1.65 grams per tonne (g/T Au).
The 2007 spring diamond drilling program consisted of twelve holes totalling
1,629 metres. Six holes were drilled on the main zone of gold mineralization
which was defined by the 2006 drill program, testing it at depths between 60 and
100 metres. The highlight of this part of the program was hole EEV 07-21, which
cut 7.00 metres averaging 1.56 g/T Au including two separate 1 metre
intersections of 5.00 g/T Au and 4.13 g/T Au, and 3.70 metres averaging 2.77 g/T
Au, including 1 metre of 8.96 g/T Au. The main zone mineralization consists of
an intensely altered zone containing disseminated pyrite, cut by quartz
stringers containing fine free gold.
Two holes were drilled in the southern part of the property to follow up some
poorly documented intersections reported from old drill holes probably dating
from the 1940s. Of these, hole EEV 07-15 cut 1.5 metres averaging 34.07 g/T Au,
including 0.40 metres of 125.59 g/T Au.
Two holes were drilled to test a zone of sulphide-bearing iron formation in the
southeast part of the property. These holes intersected broad zones of low grade
gold in the 0.2 to 1.0 g/T range, such as the 24.60 metres averaging 0.48 g/T Au
in hole EEV 07-13. Where these sulphide zones included gold-bearing quartz
veins, the average grade was higher, as in hole EEV 07-12 which cut 13.80 metres
averaging 1.65 g/T Au, including 1.0 metres of 13.65 g/T Au.
Two holes were drilled near the Saddler's pit, west of the main gold zone. Of
these, hole EEV 07-16 cut 1.0 metre of 7.11 g/T Au.
Simon Tam, President of E-Energy Ventures stated, "The assay results from the
spring drilling program are encouraging indeed, and provides us with the
confidence and conviction to move forward with the next phase of our aggressive
exploratory program on the Rivard Gold Property."
The following table provides a list of all drill intersections containing assays
over 1 gram per tonne, plus the wider low-grade intersections in holes EEV 07-12
and -13:
|
HOLE
No.
|
FROM
(metres) |
TO
(metres) |
CORE
LENGTH (metres) |
Au
grams per tonne |
|
EEV 07-12 |
6.00 |
13.90 |
7.90 |
0.43 |
|
|
12.30 |
13.30 |
1.00 |
1.30 |
|
|
|
|
|
|
|
and |
19.40 |
27.00 |
7.60 |
0.64 |
|
includes |
24.40 |
25.40 |
1.00 |
2.37 |
|
|
|
|
|
|
|
and |
30.00 |
44.00 |
14.00 |
0.47 |
|
includes |
31.70 |
32.10 |
0.40 |
1.38 |
|
and |
33.10 |
34.00 |
0.90 |
1.56 |
|
|
|
|
|
|
|
and |
94.20 |
108.00 |
13.80 |
1.65 |
|
includes |
95.00 |
105.00 |
10.00 |
2.13 |
|
includes |
101.00 |
105.00 |
4.00 |
4.64 |
|
includes |
104.00 |
105.00 |
1.00 |
13.65 |
|
|
|
|
|
|
|
and |
136.50 |
157.50 |
21.00 |
0.38 |
|
includes |
139.50 |
140.50 |
1.00 |
1.28 |
|
and |
155.50 |
157.50 |
2.00 |
1.20 |
|
|
|
|
|
|
|
EEV 07-13 |
26.00 |
26.80 |
0.80 |
1.00 |
|
|
|
|
|
|
|
and |
50.10 |
53.70 |
3.60 |
0.55 |
|
includes |
51.70 |
52.70 |
1.00 |
1.24 |
|
|
|
|
|
|
|
and |
61.10 |
65.80 |
4.70 |
1.47 |
|
includes |
61.10 |
63.00 |
1.90 |
3.23 |
|
|
|
|
|
|
|
and |
86.40 |
111.00 |
24.60 |
0.48 |
|
includes |
86.40 |
87.40 |
1.00 |
1.30 |
|
and |
88.40 |
89.40 |
1.00 |
1.30 |
|
and |
90.40 |
91.40 |
1.00 |
1.34 |
|
|
|
|
|
|
|
and |
109.00 |
110.00 |
1.00 |
1.08 |
|
|
|
|
|
|
|
and |
157.50 |
160.30 |
2.80 |
1.37 |
|
|
|
|
|
|
|
EEV 07-15 |
81.50 |
83.00 |
1.50 |
34.07 |
|
includes |
81.90 |
82.30 |
0.40 |
125.59 |
|
|
|
|
|
|
|
EEV 07-16 |
54.00 |
55.00 |
1.00 |
1.98 |
|
and |
68.00 |
69.00 |
1.00 |
7.11 |
|
|
|
|
|
|
|
EEV 07-20 |
92.00 |
92.50 |
0.50 |
1.20 |
|
and |
101.90 |
102.40 |
0.50 |
1.13 |
|
|
|
|
|
|
|
EEV 07-21 |
96.00 |
103.00 |
7.00 |
1.56 |
|
includes |
97.00 |
98.00 |
1.00 |
5.00 |
|
and |
102.00 |
103.00 |
1.00 |
4.13 |
|
|
|
|
|
|
|
and |
135.30 |
139.00 |
3.70 |
2.77 |
|
includes |
138.00 |
139.00 |
1.00 |
8.96 |
|
|
|
|
|
|
|
EEV 07-23 |
100.60 |
104.60 |
4.00 |
1.53 |
All assays quoted in this news release were performed at Accurassay Laboratories
(ISO certified) using fire assay methods on 30-gram splits. Samples assaying
over 1 gram per tonne are being repeated using pulps and metallics assay
techniques. Results of these repeat assays have not yet been received.
Technical information in this news release has been prepared by Colin Bowdidge,
Ph.D., P.Geo., a Qualified Person as defined in NI 43-101, and vice-president of
exploration for the company.
E-Energy Ventures Inc. is an emerging junior exploration company focused on
aggressively acquiring and developing world class gold and molybdenum properties
in Canada and China. We welcome you to visit our website at www.eev.ca and
find out more about the company.
On behalf of the Board of Directors
Craig Walker
Director
Disclaimer: THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT
CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN
ANY JURISDICTION. "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995: THIS NEWS RELEASE CONTAINS FORWARD LOOKING
STATEMENTS THAT ARE NOT HISTORICAL FACTS AND ARE SUBJECT TO RISKS AND
UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE
SET FORTH IN OR IMPLIED HEREIN.
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