TSX-V: VEIN | FSE: N071
TORONTO, Nov. 1, 2017 /CNW/ - Enforcer Gold Corp ("Enforcer" or the "Company") (TSX-V: VEIN – FSE: N071) is pleased to report that prospecting has located the northern strike extension of the No. 2 Vein at the Montalembert Gold Project.
Prospecting along an historic VLF-MAG anomaly trending north of the No. 2 Vein exposure led to the discovery of the northern extension of the vein structure approximately 140 m from the end of the existing trench. Trenching of the new area has exposed the No. 2 Vein over a 30 m strike length. Quartz veining within sheared basalt varies from 0.3 to 0.7 m in width and carries 0.1% to 1% pyrite. Channel sampling has been completed over the new exposure and sent for analyses.
The 2017 field season has concluded with the drilling of 45 holes totalling 5,784.4 m. Final results have been received for 28 of the holes with the assays for the remaining holes expected over the coming weeks. Surface channel sampling during the season totalled 870.7 m. Significant results of channel sampling in the Galena-No.2-No.3 area have all been released, while assays are pending for the recent samples collected on the new northern extension of the No. 2 Vein.
The No. 2 Vein structure has now been exposed on surface and intersected by drilling over a 600 m strike length and up to 110 m vertical depth. The structure remains open along strike and at depth. The Galena Vein structure has been exposed over a 300 m strike length and also remains open along strike. Drilling results to date indicate that the Galena structure weakens at depth where tested. Drilling southeast of the No. 2 Vein structure along an historic mag-VLF anomaly has intersected additional mineralized shear veins for which assays are pending. These structures are not exposed at surface and highlight the potential for other discoveries on the property.
President & CEO, Steve Roebuck, comments:
"It has been a very busy field season for Enforcer at the Montalembert Gold Project. I would like to thank everyone for their hard work and most importantly for working in a safe and environmentally responsible manner. When I reflect on the program, what stands out for me is the continuity of the No. 2 Vein as an impressive and well-mineralized geological structure with considerable gold potential. Once all the results from the 2017 program are received and released, our plan is to engage a full compilation and review of the substantial amount of data collected and start planning for a follow up program. We fully expect this to include continued testing along strike and at depth of the No. 2 Vein as well as follow-up on new targets generated this year."
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'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]