TSX-V: VEIN | FSE: N071
TORONTO, Aug. 30, 2017 /CNW/ - Enforcer Gold Corp ("Enforcer" or the "Company") (TSX-V: VEIN – FSE: N071) is pleased to report that it has resumed its 2017 diamond drilling program at the Montalembert Gold Project.
The Company announced on August 15, 2017 that drilling had been suspended to allow for the analytical lab to catch up on a large backlog of samples. At that time, the exploration team was waiting for assay results for 18 of the 20 holes drilled to date. As of today, final results have been received for 4 of the 20 holes and partial results have been received for 5 additional holes. Final results for these 5 holes, including the metallic sieve assays for the mineralized zones, are still pending. No results have been received for holes 10 through 20. The Company plans to release the results of the first 10 drill holes once final assays are received and compiled.
The exploration team has weighed the advantages of waiting for additional results versus missing the opportunity to drill under ideal seasonal conditions. The team has elected to resume drilling to ensure that the testing of selected targets gets completed during this phase of the drill program. This next stage of drilling will focus on infilling gaps on the Galena and No. 2 veins, testing their projected north and south extensions and testing of several chargeability anomalies interpreted from the ground IP survey.
Reconnaissance prospecting continues over the Company's 7300-hectare project area and has already identified several prospects for detailed follow-up mapping and sampling.
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]