HALIFAX, Aug. 30, 2017 /CNW/ - Antler Gold Inc.
("Antler") (TSXV: ANTL) is pleased to provide an update on
its continuing 2017 exploration program that includes the discovery
of two new zones of mineralization, as well as new gold-in-soil
assay results highlighting numerous prospective gold target areas
at its 100% owned Wilding Lake Gold Project ("Project") in
central Newfoundland.
A mechanical trenching program commenced on August 15th on the approximately one
kilometre long Birch gold-in-soil anomaly previously described in a
press release dated July
26th, 2017 (trenching on additional soil trends
named Larch, AT and CE will follow). Initial trenching has resulted
in the discovery of two new zones of mineralization (Red Ochre and
Raven Zones) that are located close to the contact area between the
Rogerson Lake conglomerate and felsic volcanic rocks to the
south.
Trenching Program – Red Ochre Zone
The Red Ochre Zone
is located approximately 900 metres ("m") to the southwest of the
Alder Zone and consists of brittle fracture style quartz veins and
quartz stockworks hosted by felsic volcanic rock. Sulphide
mineralization predominantly occurs as disseminated and fracture
fill pyrite stringers. Two initial rock grab samples collected from
the discovery trench while excavation was ongoing yielded gold
values of 24.0 grams/tonne ("g/t") and 14.3 g/t. Following the
initial results, a further three rock grab samples were collected
after the trench had been extended and widened. These grab samples
returned gold values of 15.2 g/t, 1.9 g/t and 27 parts per billion
(ppb). Note that grab samples are selected samples and results are
not necessarily indicative of a property's potential and are not
necessarily representative of the mineralization hosted on the
property. At the time the second group of grab samples were taken,
the apparent width of mineralization was approximately 10m and was
open in both directions.
Two follow-up parallel trenches located approximately 30m and
60m to the southeast from the discovery trench exposed similar
quartz veining and mineralization. In addition, 75m to the
southwest of the discovery trench, a single trench uncovered
additional quartz veining and mineralization. This trench exposed
the mineralization over an interpreted northwest strike length of
approximately 20m (zone remains open in both directions) and over
an approximate 5m width. Three rock grab samples collected from a
mineralized quartz vein yielded gold values of 0.50 g/t, 1.1 g/t
and 3.3 g/t. A fourth sample collected from the pyritic felsic
volcanic wall rock assayed 0.31 g/t gold. Note that grab samples
are selected samples and results are not necessarily indicative of
a property's potential and are not necessarily representative of
the mineralization hosted on the property.
The till depth within the Red Ochre area is quite deep in places
and further work in this general area is required before any
conclusions can be made regarding continuity of mineralization,
orientation, potential strike length and width, and gold grade.
Trenching Program – Raven Zone
The Raven Zone is
located approximately 400m to the northeast of the Red Ochre Zone
where trenching exposed a minimum 3.0m wide shear zone with
significant quartz veining with pyrite, chalcopyrite and malachite
mineralization hosted within the Rogerson Lake conglomerate.
Excavation proved difficult due to approximately 4.0m deep till and
inflowing ground water, and the full area extent of the veining and
mineralization could not be determined. The vein occurs near two
gold-in-soil anomalies that returned assays of 185 and 283 ppb
located approximately 50m and 75m, respectively down-ice direction
of the Raven Zone. Rock grab samples have been collected to be
submitted to the laboratory for gold assay.
Soil Sampling Program
In addition to trenching, new
final gold assays for 2,276 soil samples have been received.
Together with the 2016 and 2017 collected soil samples, Antler has
now received a total of 5,105 gold-in-soil sample assays with 635
soil samples currently at the laboratory. The soil survey was
designed to extend the sampling completed in 2016 to the northeast
and southwest and to date has successfully defined four significant
anomalous gold-in-soil areas (Birch, Larch, Alder-Taz (AT) and
Cedar-Elm (CE)). The increased soil survey area now covers over 7.0
kilometres of the prospective gold bearing regional structural
corridor.
Dan Whittaker, President and CEO
of Antler stated: "The discovery of the new mineralized zones
within the first seven days of the trenching program underlines the
dedicated and skillful work of our geological team and validates
the systematic approach we've taken to explore the largely untested
structural corridor present on the property. We're looking forward
to the fall drill program which will test the multiple targets our
team has generated".
For maps showing the new mineralized zone discoveries and
updated gold-in-soil anomalies, please visit www.antlergold.com and
click on "News Release August
30th, 2017".
Regional Properties Exploration Program
In addition to
work on the Wilding Lake block, exploration has commenced on some
of the regional properties the Company has optioned from Altius
Minerals. A helicopter supported reconnaissance exploration program
on the Victoria Lake, Intersection and Cape Ray properties is targeting historical
mineralized showings and the regional gold bearing structural
corridor with soil sample surveys, geological mapping and
prospecting.
About Antler Gold Inc.
Antler Gold Inc. currently controls seven projects totalling
approximately 634.5 square kilometres and 140 kilometres of
prospective strike length following an important regional gold
bearing structural corridor that runs for roughly 300 kilometres
diagonally across Newfoundland and
hosts Antler's gold occurrences, Marathon Gold Corporation's
Valentine Lake project that is
located immediately adjacent to and southwest of the Project as
well as Benton Resources' Cape Ray
deposit. Work by Antler and others to date in this emerging gold
camp indicate that the mineralizing system along this trend, and
specifically on the Wilding Lake project, is capable of producing
both high grade gold and significant widths. Gold mineralization
occurs within shear-related orogenic style quartz veins and quartz
stockwork underneath shallow overburden in an area that has not
previously been systematically explored for gold.
In 2016, Altius and Antler discovered six new high grade gold
occurrences over approximately 3 kilometres of the 45 kilometre
strike length of the Wilding Lake Project which includes previously
released saw-cut channel sample results of 6.0 grams per tonne
("g/t") over 8.5 metres ("m"), 8.7g/t over 6.7m and 49.3g/t over
4.6m from the Alder Zone, 28.8g/t over 1.0m, 12.2g/t over 0.9m at
the Taz Zone and 101.5g/t over 0.5m, 93.1g/t over 1.3m, 37.5g/t
over 0.9m and 18.0g/t over 1.2m from the Elm Zone. Antler is
currently systematically exploring the remaining strike length of
the Wilding Project as well as performing reconnaissance
exploration work on its other six projects.
Quality Control
All rock and soil samples were collected by Antler Gold Inc.
personnel on site and were dried and stored at Antler's secure
facility located in Millertown,
Newfoundland. Samples were sealed in bags and transported by
Antler personnel to the Eastern Analytical Inc. laboratory in
Springdale, Newfoundland. Gold was
analyzed by 30g fire assay with AA-finish. Field management and
Quality Assurance/Quality Control was performed by Dave Evans, P.Geo., Regional Manager of Antler
Gold Inc., and Spencer Vatcher,
P.Geo., Silvertip Exploration Consultants Inc. Interpretation of
results was performed by Howard Bird
P.Geo., Antlers VP, Exploration and Dave Evans, P.Geo. Antler Gold employs a QA/QC
program consistent with NI 43-101 and industry best practices.
Howard Bird, P.Geo., Vice
President, Exploration of Antler Gold Inc., is the qualified person
as defined by NI 43-101 guidelines and has reviewed and approved
this release.
Cautionary Statements
This press release may contain forward-looking information, such
as statements regarding Antler's planned work program for the
Project. This information is based on current expectations and
assumptions (including assumptions relating to general economic and
market conditions) that are subject to significant risks and
uncertainties that are difficult to predict, including risks
relating to the ability to complete the work program in the
expected timeframe, adverse weather and other conditions affecting
work programs at the Project. Actual results may differ materially
from results suggested in any forward-looking information. Antler
does not assume any obligation to update forward-looking
information in this release, or to update the reasons why actual
results could differ from those reflected in the forward-looking
information unless and until required by securities laws applicable
to Antler. Additional information identifying risks and
uncertainties is contained in the filings made by Antler with
Canadian securities regulators, which filings are available at
www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Antler Gold Inc.