TSX-V: VEIN | FSE: N071
TORONTO, Sept. 1, 2017 /CNW/ - Enforcer Gold Corp
("Enforcer" or the "Company") (TSX-V: VEIN – FSE: N071) announces
that it has terminated its option to acquire an interest in the
Duval Lithium Property, located in Quebec.
In July 2016, Enforcer (formerly
Natan Resources Ltd.) entered into an option agreement with
Critical Elements Corporation ("Critical Elements") (TSX-V:CRE) to
acquire up to a 70% interest in the Duval Property. As reported in
its February 2, 2017 press release,
the Company entered into an extension agreement with Critical
Elements providing for a deferral of its first year exploration
expenditures on the Duval Property until August 31, 2017. The Company has informed
Critical Elements that it no longer wishes to continue with the
option agreement.
President & CEO, Steve
Roebuck, comments:
"Enforcer Gold has firmly aligned itself as a gold exploration
company. Our decision to terminate the Duval option agreement allows us to focus our
resources on the advancement of our Montalembert Gold Project."
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