TSX-V: VEIN | FSE: N071
TORONTO, July 26, 2017 /CNW/ - Enforcer Gold Corp ("Enforcer" or the "Company") (TSX-V: VEIN; FSE: N071) is pleased to report initial results from channel sampling on the No.2 vein at the Montalembert Gold Project.
Enforcer has received expedited results for 2 channels to date, including MCH225702, which cut through visible gold in quartz and was reported in the Company's July 11, 2017 press release. MCH225702 returned 3,310 grams per tonne (g/t) gold over 1.0 m (96.65 oz/ton over 3.28 ft). The second channel, MCH225703, was collected ~20 m to the north and returned 1.93 g/t gold over 1.0 m. A plan map showing the sample locations is available at: Galena-No.2 Plan.
President & CEO, Steve Roebuck, comments:
"We are very encouraged by the early results that demonstrate the continuity of the No. 2 shear zone to the north of the historical exposure limit and to find high-grade pockets of mineralization along the 189m length of the vein that is currently exposed. Diamond drilling has begun at Montalembert and this structure will be fully tested in the weeks ahead."
The No. 2 vein is a north-south striking and steeply east-dipping shear zone that lies ~80m east of the sub-parallel Galena vein. Prior to the 2017 field program, the No. 2 vein was exposed over a strike length of 89m. Enforcer increased the strike extent of the No. 2 vein exposure by an additional ~100m for an overall current length of ~189m. The shear zone cuts variably chloritized, carbonatized and silicified basalt and feldspar porphyry. The zone hosts semi-continuous quartz veining and minor to 5% pyrite +/- pyrrhotite, trace chalcopyrite and galena and fine to coarse free gold.
Initial channel sampling on the No. 2 vein was limited to higher outcrop exposure while lower sections of the trenched area were being washed and drained. The waterfilled areas have now been fully exposed and sampled. Assay results will be released in a timely manner upon review and compilation.
Qualified Person & QAQC
Independent geological engineer, Mr. Donald Théberge, MBA, PEng, is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the content of this news release.
Channel samples were collected from bedrock exposures utilizing a diamond-blade power saw. Channel samples are typically cut 2" wide and 2" deep and are cut perpendicular to the strike of the quartz-bearing structures. True width is estimated to be 90-100% of cut width. Sample preparation and metallic sieve assays were performed by Activation Laboratories Ltd. of Ancaster, Ontario, an ISO/IEC 17025 (CAN-P-1579) accredited testing laboratory. Details of the analytical procedure and Enforcer's Quality Assurance/Quality Control ("QAQC") program are available 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]