TORONTO, Feb. 1, 2018 TSX-V: VEIN | FSE: N071
/CNW/ - Enforcer Gold Corp ("Enforcer" or the "Company") (TSX-V:
VEIN; FSE: N071) is pleased to report it has added 19,352 hectares
(47,818 acres) to its land position at the Montalembert gold
project for a total land holding of 26,645 hectares (65,839
acres).
In accordance with the terms of the option agreement with Globex
Mining Enterprises Inc. ("Globex") on the Montalembert property
(the "Property") dated November 16,
2016 (the "Option Agreement"), all claims acquired within 3
km of the external boundary of the Property are considered an
integral part of Property and fall under the terms of the Option
Agreement. All claims that lie outside of the 3 km buffer zone are
100% owned by Enforcer.
Since acquiring the Montalembert project in November 2016, Enforcer has increased its land
position 8-fold and now controls a very large block of
underexplored and highly prospective ground. The land position
covers a classic Abitibi greenstone belt sequence of deformed
intermediate to mafic volcanics, felsic to mafic intrusive rocks
and feldspar porphyry. Based on government assessment files, very
limited exploration for gold has been conducted in the newly staked
area.
The expanded land position is favoured by multiple logging roads
that access a considerable portion of the property. Enforcer will
engage in a first-pass reconnaissance assessment of the new ground
in Spring 2018 as a basis for its first phase of exploration in the
area.
Of note, all of the claims recently added to the Montalembert
property were staked on behalf of Enforcer by its third party
contractors and are in the process of being transferred to Enforcer
Gold's name by Quebec's Ministry
of Energy and Natural Resources (MERN).
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) and a 50% interest in the
advanced-stage Roger gold-copper porphyry property from SOQUEM.
Both properties are located in Quebec's prolific Abitibi greenstone belt. The
Montalembert 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