TSX-V: VEIN | FSE: N071
TORONTO, July 11, 2017 /CNW/ - Enforcer Gold Corp ("Enforcer" or the "Company") (TSX-V: VEIN; FSE: N071) is pleased to provide an update of its exploration activities at the Montalembert Gold Project, including the discovery of high-grade gold mineralization in a new exposure along the No. 2 Vein.
President & CEO, Steve Roebuck, comments:
"We are pleased to report on the early success of Enforcer's first field program at Montalembert, including the discovery of an impressive occurrence of visible gold within new exposure 51 m north along the No. 2 vein extension. In addition, preliminary IP results from surveying to the north of the Galena and No. 2 veins indicate that both structures continue for a considerable distance in this direction. The presence of other anomalies outside of the known mineralized areas also highlight the potential for new discoveries. We are very encouraged by these early results and are pushing diligently to advance these targets to the drilling stage. It's very early days yet at Montalembert, the Company's large-diameter core drilling program on the Galena and No. 2 veins began on July 5, 2017."
"For a brief visual of our current work program at Montalembert, please visit Enforcer's Montalembert Video Gallery."
Enforcer commenced its initial induced polarization ("IP") geophysical survey in early June. A test survey was conducted across the exposed Galena and No. 2 veins to develop a template for testing potential strike extensions of the veins as well as other target areas property wide. Preliminary results indicate that both zones continue to the north and IP chargeability anomalies have also been detected outside of the known mineralized zones. The southern part of the grid is yet to be surveyed. The current survey will cover an ~1.5 x 1.5 km area and is ~70% complete.
Enforcer personnel are ground truthing the IP anomalies by exposing and channel sampling outcrops, with current priority given to Galena and No. 2 vein extensions. Shearing, quartz veining and quartz-feldspar porphyry have now been exposed for an additional 60 m and 75 m north along the Galena and No. 2 veins, respectively. On the No. 2 vein extension, an impressive 15 cm wide occurrence of visible gold occurs within a 1.4 m wide quartz vein hosted within a 3.2 m wide shear zone. The occurrence lies ~51 m north of the 2016 limit of the No. 2 vein exposure. Trenching to further expose the mineralized structures continues and systematic channel sampling is underway.
Please visit the Montalembert Photo Gallery for an overview of exploration work on the project and additional photos of the new gold occurrence on the No. 2 vein extension.
Qualified Person & QAQC
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.
Rock and core samples are shipped on a regular basis to Activation Laboratories Ltd. of Ancaster, Ontario ("ACTLABS") for sample preparation and analysis. ACTLABS is an ISO/IEC 17025 (CAN-P-1579) accredited testing laboratory. Assay results will be released in a timely manner upon review and compilation.
All technical information for the Company's Montalembert Gold Project is obtained and reported under a formal Quality Assurance/Quality Control ("QAQC") program consistent with best industry practices. Details of the program are presented on the Enforcer website at: Montalembert QAQC.
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.
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]