Engineer Gold Mines Ltd. (TSX-V: EAU | OTC: EGMLF | WKN: A3EEVJ) announced that its 2026 Phase I exploration program is underway on its 100% owned Engineer Gold Project, located 30 kilometres southwest of Atlin in northwestern British Columbia. The project encompasses 18,319 hectares covering a 25-kilometre contiguous claim block and hosts the historic Engineer Gold Mine, the TAG Property, the Wann River Prospect, and numerous additional mineral occurrences.
The first phase of the 2026 program consists of soil and rock sampling at the Engineer Mine, soil geochemistry, and an in-depth core review and resampling at TAG. The company is fully permitted to follow this with a Phase II program comprising diamond drilling, excavator trenching, and induced polarization geophysical surveys in the Engineer Mine area. Phase II plans will be announced once finalized.
The Engineer Gold Mine was a past-producing underground gold-silver operation with historical production between 1910 and 1952 totalling approximately 14,263 tonnes grading 39.4 g/t gold and 19.5 g/t silver (BC Minfile 104M014). The Phase I program is designed to expand the high-grade gold mineralization and adjacent bulk tonnage targets along strike of previously identified structural corridors, Shear A and Shear B, which have been traced by geophysics and geochemistry for over 3 kilometres south of the past-producing mine.
At the TAG Property, located 6 kilometres north of the Engineer Mine, Phase I work includes a rigorous core review and infill core sampling program. From 2006 to 2008, a total of 11,520 metres of diamond drilling in 69 holes was completed at TAG (Fekete and Simper (2009), Fekete and Skinner (2007); ARIS reports #30931 and #29581). Recent on-site core re-examination indicated that several drill intercepts crossing the identified mineralized trend were not fully sampled, and in some instances, samples were not collected adjacent to those hosting significant gold values. Once the infill and expanded drill core sampling is completed, a detailed model of the TAG results will be produced to target areas for potential expansion of the gold mineralization and to facilitate completing an updated resource estimate. Additional soil geochemical sampling will also be completed at TAG, as prior sampling returned anomalous gold and silver values uphill from the known mineralization, indicating the potential for a subparallel second mineralizing structure.
The Engineer Project hosts multiple styles of mineralization including high-grade epithermal gold-silver veins, polymetallic veins, and structurally controlled bulk tonnage style gold systems. The Wann River Prospect, located 4 kilometres south of the Engineer Mine, represents a highly prospective, underexplored orogenic gold target associated with the prolific Llewellyn Fault, which has returned significant gold and silver values, including a quartz grab sample of 263 g/t gold and 1,350 g/t silver from the Lum showing (Aspinall (2011); ARIS Report #32004).
Linda Dandy, P.Geo., is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content in this news release. The company is listed on the TSX Venture Exchange under the symbol EAU, on the OTC under EGMLF, and on the WKN under A3EEVJ.
