TSX-V: VEIN | FSE: N071
TORONTO, Aug. 15, 2017 /CNW/ - Enforcer Gold Corp ("Enforcer" or the "Company") (TSX-V: VEIN – FSE: N071) is pleased to provide an update on its 2017 exploration program at the Montalembert Gold Project.
To view the latest exploration video update, please visit the Montalembert Video Gallery on Enforcer Gold's website.
To date, the Company has completed:
- 20 HQ diameter diamond drill holes totalling 2,227 m
- Visible gold noted in drill hole MDD17006 that tested the No. 2 Vein
- 490 m of channel sampling over new and existing trenched exposures including the No. 3 Vein located ~175 m south and along strike of the No. 2 Vein
- Field confirmation and rock sampling in the area of historical hole 97-LA1-08, located 4 km northwest of the Galena-No. 2 veins
- 260 rock samples collected from mapping and prospecting over a 1.5 km x 1.5 km area that encompasses the Galena-No. 2 veins
- Over 45 line-kilometres of induced polarization ("IP") survey
Enforcer has received and is currently reviewing the 3D modelling and interpretation from the recently completed ground IP survey. The drilling and sampling programs have proceeded at a rapid pace and the exploration team is now waiting for assay results for 18 of the 20 holes drilled to date. These results are key to drill hole planning, and as such the team has elected to take a short pause in drilling to allow for assay results to be received.
The Enforcer team is using this hiatus to deploy several geological and prospecting teams over the Company's 7300-hectare project area. This first pass reconnaissance survey will focus on ground truthing of multiple high-priority geophysical anomalies interpreted from the Company's high-resolution aeromagnetic VLF-EM survey flown in March as well as from historical geophysical surveys by previous exploration companies. Partial results from early-season prospecting over the 1.5 km x 1.5 km area that encompasses the Galena-No. 2 veins have also prompted follow-up work in several areas, with further results pending.
To date, visible gold has been noted in one of the drill holes that tested the No. 2 vein. Drill hole MDD17006 intersected sheared basalt over a 2.3 m downhole core length (true width currently unknown) with visible gold noted within a grey quartz veinlet at 28 m downhole, or ~20 m vertical depth. Assay results are pending.
President & CEO, Steve Roebuck, comments:
"Taking a short break is very good call. With the busy summer exploration season the assay labs are jammed to capacity. The sulphide mineralization and visible gold we see in core and outcrop is highly encouraging, but we really need assay data to know what we have and where we need to focus our efforts going forward."
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 have 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]