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TSX-V: VEIN | FSE: N071
TORONTO, May 23, 2017 /CNW/ - Enforcer Gold Corp
("Enforcer" or the "Company") (TSX-V: VEIN – FSE: N071) together
with Globex Mining Enterprises Inc. (TSX:GMX) (FRANKFURT:G1M)
(STUTTGART:G1M) (BERLIN:G1M) (MUNICH:G1M) (XETRA:G1M) (OTCQX:GLBXF)
is pleased to announce that it has commenced its comprehensive
field exploration program at the Montalembert gold project, that
will include the first ever large-diameter core drilling campaign
to be conducted on the high-grade Galena and No. 2 veins. The
exploration program is expected to run uninterrupted through the
late fall of 2017.
The field exploration program follows on the heels of a
high-resolution aeromagnetic VLF-EM survey flown in March over the
entire 7300-hectare property, which will assist Enforcer's team in
delineating structural features of folding, shearing and faulting.
As elsewhere in the Abitibi greenstone belt, these features are
believed to be key controls to gold mineralization on the
Montalembert property.
The comprehensive field program will include:
- increasing the exposure of the Galena and No.2 veins along
their north and south strike directions
- additional channel sampling along the vein extensions
- ground IP surveys around known vein occurrences
- property-wide prospecting and geochemical sampling
- ground truthing of airborne anomalies
- a targeted 5,000 - 8,000 metres of drilling using a diamond
drill rig, expected to commence in mid to late June
- a targeted 1,000 metres of drilling using a reverse circulation
rig
- drilling will initially test 4 high-priority targets based on
the Company's review of historical data
President and CEO, Steve
Roebuck comments:
"The Enforcer team has been working diligently in finalizing
preparations for our first comprehensive field program at
Montalembert, and we are very keen to get started. This is the
first time that modern, large-diameter core drilling will be used
to test below the high-grade mineralized vein structures exposed on
the property. The style of these vein systems is shear-hosted
quartz-carbonate gold mineralization, which is the most significant
source of gold in the Abitibi greenstone belt."
About Enforcer Gold Corp
Enforcer Gold Corp is earning a 100% interest in the
7300-hectare Montalembert Gold Project located west of Chibougamau in Quebec's prolific Abitibi greenstone belt. The
property lies 5 kilometers from a paved highway and hydro-electric
power and has easy access to skilled labour, fuel, food and
accommodation, allowing for relatively low exploration costs.
Enforcer Gold has committed over $2.2M to fund its 2017 exploration program.
On behalf of the Board of Directors
Enforcer Gold Corp.
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.
The TSX Venture Exchange has in no way passed upon the merits
of the proposed transactions and has neither approved nor
disapproved the contents of this press 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.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS
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AND MAY NOT BE OFFERED OR SOLD IN THE
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THEREFROM.
SOURCE Enforcer Gold