E2Gold Inc. Initiates Drilling at McKinnon Zone

E2Gold Inc. will commence a 1,500-meter drill program at its Hawkins Gold Project in North-Central Ontario. The focus lies on step-out targets within the McKinnon Zone Inferred Resource. The initiative targets down-plunge areas below high-grade zones and unexplored high-grade surface sites up to 3 km east along the strike.

The McKinnon Zone's resource features 6.2 million tonnes grading 1.65 g Au/t totalling 328,000 ounces. The anticipated low-cost drilling could expand the zone's footprint. This follows previous exploration that revealed gold-bearing continuity down to 700 meters.

E2Gold has secured up to $200,000 in funding from the Ontario Junior Exploration Program. The company also plans a private placement to raise C$250,000, pending TSX Venture Exchange approval. Insiders recently purchased units in a related party transaction under existing regulations.