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TSX-V: VEIN | FSE: N071
TORONTO, May 23, 2017 /CNW/ - Enforcer Gold Corp ("Enforcer" or the "Company") (TSX-V: VEIN – FSE: N071) together with Globex Mining Enterprises Inc. (TSX:GMX) (FRANKFURT:G1M) (STUTTGART:G1M) (BERLIN:G1M) (MUNICH:G1M) (XETRA:G1M) (OTCQX:GLBXF) is pleased to announce that it has commenced its comprehensive field exploration program at the Montalembert gold project, that will include the first ever large-diameter core drilling campaign to be conducted on the high-grade Galena and No. 2 veins. The exploration program is expected to run uninterrupted through the late fall of 2017.
The field exploration program follows on the heels of a high-resolution aeromagnetic VLF-EM survey flown in March over the entire 7300-hectare property, which will assist Enforcer's team in delineating structural features of folding, shearing and faulting. As elsewhere in the Abitibi greenstone belt, these features are believed to be key controls to gold mineralization on the Montalembert property.
The comprehensive field program will include:
- increasing the exposure of the Galena and No.2 veins along their north and south strike directions
- additional channel sampling along the vein extensions
- ground IP surveys around known vein occurrences
- property-wide prospecting and geochemical sampling
- ground truthing of airborne anomalies
- a targeted 5,000 - 8,000 metres of drilling using a diamond drill rig, expected to commence in mid to late June
- a targeted 1,000 metres of drilling using a reverse circulation rig
- drilling will initially test 4 high-priority targets based on the Company's review of historical data
President and CEO, Steve Roebuck comments:
"The Enforcer team has been working diligently in finalizing preparations for our first comprehensive field program at Montalembert, and we are very keen to get started. This is the first time that modern, large-diameter core drilling will be used to test below the high-grade mineralized vein structures exposed on the property. The style of these vein systems is shear-hosted quartz-carbonate gold mineralization, which is the most significant source of gold in the Abitibi greenstone belt."
About Enforcer Gold Corp
Enforcer Gold Corp is earning a 100% interest in the 7300-hectare Montalembert Gold Project located west of Chibougamau in Quebec's prolific Abitibi greenstone belt. The property lies 5 kilometers from a paved highway and hydro-electric power and has easy access to skilled labour, fuel, food and accommodation, allowing for relatively low exploration costs. Enforcer Gold has committed over $2.2M to fund its 2017 exploration program.
On behalf of the Board of Directors
Enforcer Gold Corp.
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.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transactions and has neither approved nor disapproved the contents of this press 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.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATED SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.
SOURCE Enforcer Gold
For further information: Steve Roebuck, CEO, Tel: (647) 496-7984, Cell: (905) 741-5458, Email: email@example.com