TSX-V: VEIN | FSE: N071
TORONTO, Nov. 1, 2017 /CNW/ - Enforcer Gold Corp
("Enforcer" or the "Company") (TSX-V: VEIN – FSE: N071) is pleased
to report that prospecting has located the northern strike
extension of the No. 2 Vein at the Montalembert Gold Project.
Prospecting along an historic VLF-MAG anomaly trending north of
the No. 2 Vein exposure led to the discovery of the northern
extension of the vein structure approximately 140 m from the end of
the existing trench. Trenching of the new area has exposed the No.
2 Vein over a 30 m strike length. Quartz veining within sheared
basalt varies from 0.3 to 0.7 m in width and carries 0.1% to 1%
pyrite. Channel sampling has been completed over the new exposure
and sent for analyses.
The 2017 field season has concluded with the drilling of 45
holes totalling 5,784.4 m. Final results have been received for 28
of the holes with the assays for the remaining holes expected over
the coming weeks. Surface channel sampling during the season
totalled 870.7 m. Significant results of channel sampling in the
Galena-No.2-No.3 area have all been released, while assays are
pending for the recent samples collected on the new northern
extension of the No. 2 Vein.
The No. 2 Vein structure has now been exposed on surface and
intersected by drilling over a 600 m strike length and up to 110 m
vertical depth. The structure remains open along strike and at
depth. The Galena Vein structure has been exposed over a 300 m
strike length and also remains open along strike. Drilling results
to date indicate that the Galena structure weakens at depth where
tested. Drilling southeast of the No. 2 Vein structure along an
historic mag-VLF anomaly has intersected additional mineralized
shear veins for which assays are pending. These structures are not
exposed at surface and highlight the potential for other
discoveries on the property.
President & CEO, Steve
Roebuck, comments:
"It has been a very busy field season for Enforcer at the
Montalembert Gold Project. I would like to thank everyone for their
hard work and most importantly for working in a safe and
environmentally responsible manner. When I reflect on the program,
what stands out for me is the continuity of the No. 2 Vein as an
impressive and well-mineralized geological structure with
considerable gold potential. Once all the results from the 2017
program are received and released, our plan is to engage a full
compilation and review of the substantial amount of data collected
and start planning for a follow up program. We fully expect this to
include continued testing along strike and at depth of the No. 2
Vein as well as follow-up on new targets generated this year."
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's President & CEO, Steve
Roebuck, PGeo, is a Qualified Person as defined by National
Instrument 43-101 and has 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