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    gold investing

    Enforcer Gold Discovers New Mineralized “OR79” Zone at the Montalembert Gold Project

    Hamza Ghaznavi
    Feb. 06, 2018 05:39AM PST
    Precious Metals
    TSX:GMX

    Enforcer Gold Corp. (TSXV:VEIN) is pleased to report on a new zone of mineralization named the OR79 zone located approximately 1.5 km west-southwest of the Galena-No.2 vein area at the Company’s Montalembert gold project

    Enforcer Gold Corp. (TSXV:VEIN) is pleased to report on a new zone of mineralization named the OR79 zone located approximately 1.5 km west-southwest of the Galena-No.2 vein area at the Company’s Montalembert gold project

    The OR79 zone was discovered by prospecting in a relatively low-lying area that was logged in 2010. Gold mineralization is associated with the presence of sulphides in shear-hosted quartz veins within altered mafic and granitic rocks. Assay results from 22 grab samples of isolated outcrops within the area range from 0.50 to 9.19 g/t Au (Table 1). Nine saw-cut channels returned up to 3.72 g/t Au over 0.4 m width. (Table 2). Note that grab samples are selective by nature and values reported may not be representative of the mineralized zones.

    President & CEO, Steve Roebuck, comments:

    “OR79 was discovered in a previously forested area with very low outcrop exposure, which may explain why it was missed by previous explorers. The association of gold mineralization with sulphides in the quartz veining is different from the Galena-No.2 area and we’ve also found gold mineralization within the sheared sulphide-rich gabbroic host rocks. Overall it appears to be a new style of mineralization at Montalembert and worth follow-up with ground IP and a first pass drilling program.”

    The low outcrop density in the area impedes an understanding of the frequency and continuity of the veining and mineralization. A 20 line-km IP geophysical survey is underway in advance of a 1,500 m diamond drilling program set to commence in early February.

    Table 1. Assay Results – Grab Sampling

    Sample #EastingNorthingAu g/tSample #EastingNorthingAu g/t
    10316642523155135331.8121668842526955135142.32
    10320642526755135400.8721669442537155138760.61
    10320742526755135402.9822380942524355134960.79
    10320842526755135400.8922381142510455134342.45
    10320942526755135405.4822381242498555136160.50
    10321042526755135406.6922381542524355134960.50
    10321142526755135400.7822381642515855134831.07
    10321242526755135400.6522381942495055134920.60
    10321342526755135402.9422382542472155137530.97
    10321442526755135409.1922382742526555135444.20
    21668642526555135423.5522383142550055142250.96

    Table 2. Assay Results – Channel Sampling

    Channel IDLengthEastingNorthingAu g/t
    MCH11042530.842509855134350.01
    MCH11042540.742510155134350.17
    MCH11042550.442510155134340.05
    MCH11042550.542510255134340.49
    MCH11042570.442515855134843.72
    MCH11042580.542526655135362.70
    MCH11042590.342526655135400.86
    MCH11042600.342526655135410.86
    MCH11042610.342509855134350.21

    Geologically, the area lies in the vicinity of a faulted contact between the Waswanipi granitic pluton and comagmatic basaltic volcanics and gabbroic intrusive rocks. The gold mineralization occurs within shear-hosted, north-northwest trending and moderately east dipping quartz veins that range in width from 0.3 to 1.0 m. The veins cut through all of the rock types and are sometimes accompanied by anastomosing or cross-cutting felsic dikes. The granitic and mafic host rocks are typically silicified, carbonatized and hematite altered adjacent to the veins. Within the veins, gold mineralization is believed to be spatially associated with sericite, chlorite, pyrite, and locally chalcopyrite, sphalerite and galena. Higher-grade gold values are associated with up to 2% disseminated pyrite in the quartz veins.

    Of interest, in 1985 Northgate Patino Mines Inc. (“Northgate”) completed an IP survey over an area just east of the new OR79 zone. Several north-northwest trending chargeability anomalies were reported, including one at the westernmost end of the survey near the location of OR79. In the assessment report (GM43087), this anomaly is described as the beginning of a good anomalous zone; however, time and budget constraints did not allow for pursuing it further to the west. Despite a recommendation to extend the survey, is was not completed and the anomaly has never been drilled. Northgate did drill test a separate anomaly situated ~600 m east of OR79 and encountered sheared, silicified and quartz veined gabbro hosting up to 15% pyrite mineralization and anomalous gold up to 1.71 g/t over 1.2 m downhole.

    QAQC

    Channel samples were collected from bedrock exposures utilizing a diamond-blade power saw. Channel samples are typically cut 2″ wide and 2″ deep and are cut perpendicular to the strike of the quartz-bearing structures. True width is estimated to be 90-100% of cut width. Sample preparation and analyses were performed by Activation Laboratories Ltd. of Ancaster, Ontario, an ISO/IEC 17025 (CAN-P-1579) accredited testing laboratory. Details of the analytical procedure and Enforcer’s Quality Assurance/Quality Control (“QAQC”) program are available on the Enforcer website at: Montalembert QAQC.

    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

    Click here to connect with Enforcer Gold Corp. (TSXV:VEIN) and receive an Investors Presentation. 

    Source: markets.businessinsider.com

    copper porphyryip surveygold investingtsx:gmx
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