TSX-V: VEIN | FSE: N071
TORONTO, Feb. 8, 2018 /CNW/ - Enforcer Gold Corp
("Enforcer" or the "Company") (TSX-V: VEIN; FSE: N071) is pleased
to announce it has further refined drill targets for its
1,500 m diamond drilling program on
the newly discovered OR79 zone at the Company's Montalembert gold
project.
President & CEO, Steve
Roebuck, comments:
"Based on our early evaluation, OR79 appears to be a new style
of mineralization at Montalembert in that there is a clear
association of gold mineralization with sulphides in the quartz
veining. This is an ideal opportunity to use IP as a geophysical
tool for targeting potential mineralization at depth. We're very
encouraged by the early results that place coincident high
resistivity and chargeability anomalies over the area that returned
anomalous gold in both grab and channel samples. Drilling will get
started as soon as the rig gets to site."
Due to limited outcrop exposure in the area, Enforcer recently
commenced a 20 line-km induced polarization ("IP") geophysical
survey to delineate areas of high resistivity and high
chargeability, which could potentially correspond with quartz
veining and sulphide ± gold mineralization, respectively.
Results to date from the ongoing IP survey indicate a
150 m wide by 250 m long area (currently open to north and
south) where anomalous results from outcrop sampling are coincident
with both high resistivity and high chargeability anomalies. The
zone is transected by a NW-trending linear break as interpreted
from both the 2018 IP survey and Enforcer's 2017 airborne MAG and
VLF-EM survey. The nature of the linear break is currently unknown
but postulated to represent a structural break that may have
contributed to the mineralizing event.
The OR79 zone was discovered by prospecting and is located
approximately 1.5 km west-southwest of the Galena-No.2 vein area.
Gold mineralization is associated with the presence of sulphides in
shear-hosted quartz veins within altered mafic and granitic rocks.
Grab and channel samples collected from isolated outcrops in the
area returned highly anomalous results including 3.72 g/t Au over
0.4 m width (Enforcer press release
dated February 6, 2018). Based on the
geology the OR79 zone is interpreted as a series of sub-parallel,
sulphide-mineralized quartz veins in mafic intrusive +/- volcanic
rocks.
Enforcer has contracted Orbit Garant Drilling Inc. of
Val d'Or, Quebec for a budgeted
1,500 m of diamond drilling as a
first pass test of the area, set to commence shortly.
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