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