TSX-V: VEIN | FSE: N071
TORONTO, June 7, 2017 /CNW/ - Enforcer Gold Corp ("Enforcer" or the "Company") (TSX-V: VEIN – FSE: N071) along with Globex Mining Enterprises Inc. (TSX: GMX) is pleased to announce it has commenced its ground Induced Polarization ("IP") geophysical survey at the Montalembert gold project. The 45 line-km survey will cover an approximately 1.5 x 1.5 km area over the main vein occurrences (Galena Vein & No. 2 Vein) located in the southernmost portion of the property. Géophysique TMC of Val-d'Or QC has been contracted to complete the survey and provide a 3D model, vertical sections and geophysical interpretation.
IP is one of the most useful geophysical methods in mineral exploration due to its ability to detect and characterize sub-surface disseminated mineralization and quartz. The silicified and quartz-bearing shear zones at Montalembert host 1-5% disseminated pyrite and/or pyrrhotite with trace amounts of chalcopyrite, galena and free gold. With IP, high resistivity anomalies can correspond to quartz concentrations while the relatively high IP chargeability anomalies may correspond with sulphide ± gold concentrations in the quartz veins. IP can be particularly useful in mapping the extension of a conductive mineralized zone under overburden cover, making it a valuable tool to aid in drill targeting.
In March 2017, a one-kilometre test line of IP was completed over the main vein occurrences with positive results. The 45 line-km survey is expected to be completed within three weeks of commencement and ahead of the start of diamond drilling.
President & CEO, Steve Roebuck, comments:
"We're looking forward to the results of the extended IP survey over the known vein occurrences and determining how IP will aid in exploring other parts of the property. We anticipate that IP will become a valuable technique in our exploration tool box at Montalembert."
The IP survey is part of Enforcer's comprehensive field program that commenced in May and will also include:
- Increasing the exposure of the Galena and No.2 veins
- Additional channel sampling along the vein extensions
- Property-wide prospecting and geochemical sampling
- Ground truthing of airborne anomalies
- 5,000 - 8,000 metres of core drilling
- 1,000 metres of RC drilling
About Enforcer Gold Corp
Enforcer Gold Corp is earning a 100% interest in the 7,300-hectare Montalembert Gold Project located west of Chibougamau in Quebec's prolific Abitibi greenstone belt. The property lies five kilometers from a paved highway and hydro-electric power and has easy access to skilled labour, fuel, accommodation and other industry-related services, allowing for relatively low exploration costs. The Company recently commenced a comprehensive field exploration program that will include the first ever large-diameter core drilling on the high-grade Galena and No. 2 veins. The exploration program is expected to run uninterrupted through the late fall of 2017. Enforcer Gold has committed over $2.2M to fund its 2017 exploration program.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release contains "forward-looking statements" that are based on expectations, estimates, projections and interpretations as at the date of this news release. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur, and include, without limitation, statements regarding the Company's plans with respect to the exploration of its Montalembert Project, the exploration potential and analogous deposit potential of the Montalembert Project and the timing of the Company's exploration programs. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors may include, but are not limited to, the results of exploration activities; the ability of the Company to complete further exploration activities; the ability of the Company to complete transactions on terms announced; timing and availability of external financing on acceptable terms and those risk factors outlined in the Company's Management Discussion and Analysis as filed on SEDAR. Enforcer Gold does not undertake to update any forward-looking information except in accordance with applicable securities laws.
SOURCE Enforcer Gold
For further information: For further information regarding Enforcer Gold, please visit www.enforcergold.com or contact: Steve Roebuck, President & CEO T: (647) 496-7984, C: (905) 741-5458, E: firstname.lastname@example.org