TSXV: VEIN | FSE: N071
TORONTO, Aug. 17, 2018
/CNW/ - Enforcer Gold Corp ("Enforcer" or the "Company") (TSXV:
VEIN) (FSE: N071) announces that it has determined not to proceed
with its option to acquire a 100% interest in the Montalembert
Property located in Quebec.
Pursuant to the Option Agreement dated November 16, 2016, Enforcer has provided ninety
(90) days written notice to Globex Mining Enterprises Inc.
("Globex") (TSX: GMX) to terminate the option, effective
November 15, 2018.
Enforcer's comprehensive 2017-18 exploration program at
Montalembert included a 1,711 line- kilometre high-resolution
aeromagnetic VLF-EM survey, a 45 line-kilometre induced
polarization ("IP") survey over the historic vein occurrences,
stripping and channel sampling along the Galena-No.2-3 veins
followed by 45 HQ core holes totalling 5,784
m. Additionally, reconnaissance prospecting lead to the
discovery of the OR79 zone, which was further tested by an IP
survey and 18 NQ core holes totalling 1,749
m. Overall, assay results from drill testing along each of
the vein structures were significantly lower than results obtained
from surface sampling and a very strong nugget effect on the
distribution of gold is apparent. After a thorough review of the
2017-18 exploration results, the Company has determined that no
further exploration is warranted by Enforcer on the Montalembert
property.
Enforcer retains a 100% interest in its Waswanipi Gold Project,
a 19,352-hectare (47,818-acre) property acquired in 2018 that
adjoins to the west and northeast of the Montalembert Property. 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 over the
project area. Of this land package, Globex retains a 1.5% NSR on
all claims acquired within 3 km of the external boundary of the
Montalembert Property (see press release dated February 1, 2018).
About Enforcer Gold Corp
Enforcer Gold Corp is a Canadian-based mineral exploration
company and is earning a 50% interest in the advanced-stage Roger
porphyry gold-copper project from SOQUEM. Roger hosts the Mop-II
gold-copper deposit located 5 km from the mining center of
Chibougamau, Quebec in the
prolific Abitibi greenstone belt.
Enforcer's VP Exploration, Antoine
Fournier, 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.
SOURCE Enforcer Gold