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