TSX-V: VEIN | FSE: N071
TORONTO, July 5, 2017 /CNW/ - Enforcer Gold Corp ("Enforcer" or the "Company") (TSX-V: VEIN; FSE: N071) is pleased to report on the commencement of diamond drilling at the Montalembert Gold Project. Enforcer has contracted Orbit Garant Drilling Inc. of Val d'Or Quebec and has budgeted for 5,000 to 8,000 m of drilling in 2017.
President & CEO, Steve Roebuck, comments:
"We are very excited to get drilling on the Galena and No. 2 veins and test the continuity and grade of the mineralized structures at depth. This will be the first ever large-diameter core drilling on the veins, which from our experience will be key to assessing their potential. The Galena and No. 2 veins are currently the most advanced drill targets on the property, but there are several other high-priority targets that we will be advancing to drill-ready stage in the coming months."
The drilling program will initially target the veins at ~25-50 m centres and to a vertical depth of ~200 m. The program will utilize HQ-sized coring equipment with a core diameter of 63.5 mm or 2.5 in, allowing for a much larger sample size and visual representation of the geology and mineralization. Limited drilling in 1950 used either EX or AX sized coring equipment with a core diameter of only 22-30 mm.
The Galena and No. 2 veins represent classic shear-hosted quartz-carbonate gold mineralization. This style of mineralization is the most significant source of gold in the Abitibi greenstone belt and is well known to be erratic in terms of grade and continuity. The veins typically pinch and swell, resulting in significant differences in width and grade over short distances. Such variability is clearly evident in the surface exposures of the Galena and No. 2 veins. Previous exploration work has also established an erratic distribution of coarse gold within the veins. The presence of coarse gold makes sampling and assaying of this style of mineralization especially challenging. The potential understatement or overstatement of grade is commonly referred to as the "nugget effect".
Enforcer's use of large diameter HQ coring is one means to mitigate the nugget effect, as a larger cut through the mineralized zone increases the chance of obtaining a representative sample. All samples collected within the zones will be analysed by the metallic screen method (2000 gram option), which compared to standard fire assay is considered a far more effective method for counteracting the effects of coarse gold. The method involves crushing, pulverizing and screening the entire sample, then separating 2000 grams of the final prepared pulp over a 100-micron dry screen. Coarse (+100 micron) and fine (-100 micron) fractions are then analyzed separately using standard fire assay procedures and the weighted average grade is reported.
To recap the history at Montalembert, the initial discovery of gold-bearing veins in the area occurred in 1949. In 1950, N.A. Timmins (1938) Inc. drilled 30 holes over several of the showings, including 7 holes below the Galena Vein and 3 holes below the No. 2 Vein. Despite multiple logged occurrences of veining and mineralization in the holes only 10 samples were collected, including 2 samples from the No. 2 vein. The results of this sampling are unknown. No further work was reported on these veins until 1973, when Rochelom Mines conducted a bulk sampling program on the Galena Vein. The sample averaged 12.69 g/t (0.37 oz/T) over 108.2 m. Following this program, the area lay dormant again until 2015 when Globex Mining staked the property and extended the exposure of the Galena and No. 2 veins. Channel sampling by Globex in 2016 reported several high-grade results as reported in the Company's January 20, 2017 and March 1, 2017 news releases.
About Enforcer Gold Corp
Enforcer Gold Corp is earning a 100% interest in the Montalembert Gold Project from Globex Mining Enterprises Inc. (TSX: GMX, FSE: GIMN, OTCQX: GLBXF). The 7,300-hectare property is located 125 km west of Chibougamau in Quebec's prolific Abitibi greenstone belt. The property lies 5 km 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. Enforcer has committed over $2.2M to fund its 2017 exploration program that is expected to run uninterrupted through late fall 2017.
Enforcer's President & CEO, Steve Roebuck, PGeo, is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the content of this news release.
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: please visit www.enforcergold.com or contact: Steve Roebuck, President & CEO, T: (647) 496-7984, C: (905) 741-5458, E: [email protected]