The Conversation (0)
Enforcer Gold Corp (TSXV:VEIN – FSE: N071) is pleased to report initial results from its 2017 diamond drilling program at the Montalembert Gold Project.
Enforcer Gold Corp (“Enforcer” or the “Company”) (TSXV:VEIN, FSE: N071) is pleased to report initial results from its 2017 diamond drilling program at the Montalembert Gold Project.
Highlights:
- Drilling has intersected visible gold in 3 holes to date
- MD170006 returned 197.13 g/t Au over 1.2 m including 782 g/t Au over 0.30 m
- Gold mineralization above 0.5 g/t found in 10 of 18 holes reported to date
- All drill holes have intersected shear zone structures
- Gold mineralization found in shear structures now extending over 400 metres in strike length
- Drill testing of interpreted geophysical anomalies has intersected the southern strike extension of the No. 2-No. 3 vein structure and a newly identified mineralized structure to the east
- SRK Consulting engaged to provide an expert structural analysis of the vein systems
Final results have been received for 18 of the 34 holes drilled to date. Visible gold was noted in holes MDD170004, 170006 and 170022. The best result from assays received to date is 782 g/t gold over 0.30 m in hole MDD170006 on the No. 2 Vein.
Drill holes MDD170021-28, for which assays are pending, have tested a series of parallel north-south trending structures that coincide with interpreted geophysical anomalies southwest and southeast of the No. 3 Vein area. Significant sulphide mineralization within quartz veins has been intersected to the east and southeast of the No. 3 Vein area at vertical depths up to 100 metres from surface. Visible gold was noted in hole MDD170022, collared approximately 50 m southeast of the No. 3 Vein exposure. Further drill testing is planned along the northern strike extension of these newly identified structures.
President & CEO, Steve Roebuck, comments:
“We are at an early stage of exploration on the Montalembert Gold Project and are optimistic with our progress after only 4 months of fieldwork. Our surface channel sampling program has found extensive, and in places, spectacular high-grade gold mineralization on both the Galena and No. 2 veins. Our drill program has intersected visible gold in 3 holes and continues to outline and extend the previously known shear structures, while recently intersecting quartz veining and sulphide mineralization in a new structural zone.
We are gaining a better understanding of the complexity of this pinch-and-swell (“boudinaged”) and nuggety gold system. Predicting the down-dip continuity of the veins remains a challenge but surface mapping and drill hole information is providing the exploration team with technical information that is key to identifying and targeting potential high-grade gold chutes within the structures. We will continue to outline each structure then focus on high priority targets within them. The company remains in an excellent cash position with over $5.3M is its treasury.”
Enforcer recently engaged SRK Consulting to complete a structural analysis of the drill core and surface exposures to define the controls to gold mineralization, vein geometry, gold distribution and grade variability. Based on SRK’s study, the gold is associated with several sets of sub-parallel shear veins of predominantly dextral strike-slip movement. Significant gold mineralization primarily occurs in flexures along the shear veins where maximum dilation occurs. The shear structures and veins have been intersected by drilling but assay results to date are lower than expected compared to surface samples. This is primarily explained by the nugget effect of the gold distribution, which is exacerbated by the narrow sampling width of drill core.
A drill hole location map is available at: Drill Plan – Sep 2017.
Table 1. 2017 Diamond Drilling – Significant Results to Date
Qualified Person & QAQC
Independent geological engineer, Mr. Donald Théberge, MBA, PEng, is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the content of this news release.
All holes presented in Table 1 were completed by HQ diamond (core) drilling. Widths are presented as down hole core lengths; true widths are unknown at this time. Sample preparation, fire assays (gravimetric finish) and metallic sieve assays 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). The 7,300-hectare property is located 125 km west of Chibougamau in Quebec’sprolific 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 has committed over $2.2M to fund its 2017 exploration program that is expected to run uninterrupted through late fall 2017.
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.
For further information: please visit www.enforcergold.com or contact:
Steve Roebuck, President & CEO
T: (647) 496-7984,
C: (905) 741-5458,
E: contact@enforcergold.com
Click here to connect with Enforcer Gold Corp (TSXV:VEIN, FSE: N071) for an Investor Kit.
Source: www.newswire.ca