TSX-V: VEIN | FSE: N071
TORONTO, Oct. 10, 2018 /CNW/ - Enforcer Gold Corp
("Enforcer" or the "Company") (TSX-V: VEIN – FSE: N071) is pleased
to announce that the second phase of diamond drilling on the Roger
project is set to resume this week. The program is designed to
build on the results from the pit-constrained mineral resource
estimate announced on September 18,
2018, which confirmed the strong potential of the MOP-II
deposit. The Roger project is located 5 km from the historic mining
center of Chibougamau, Quebec, has
all-season road access and is crossed by a power line that serviced
the past-producing Troilus Mine.
Enforcer Gold President and CEO, Steve Roebuck, comments:
"We're excited to resume drilling on the Mop-II deposit and to
be testing continuity of the mineralization along strike and to
depth. Our highly successful Phase 1 program intersected very
consistent mineralization throughout each hole and the current
resource provides a very robust base to build from. The coming
months look very promising for the continued development of the
Roger project and for Enforcer Gold".
The planned Phase 2 drilling program is budgeted for ~7,400 m
with ~80% of the program dedicated to expanding and upgrading the
current resource estimate as announced on September 18, 2018 and ~20% allocated to
exploration drilling outside of the resource area. The expansion
program will focus largely on the North zone where the potential
for rapidly increasing the resource appears most favorable.
Approximately 29 holes are planned to better define the current
resource in the conceptual pits, fill gaps between the
widely-spaced holes, test the at-depth extensions of the known
zones as well as verify their potential continuation along
strike.
Approximately 5 holes totalling ~1,350 metres are planned for
exploration outside of the resource area, including 3 holes drilled
west of the currently defined North zone where a geophysical trend
suggests the extension of mineralization in that direction. A
fourth hole will target a favorable geophysical anomaly located
~350 m east of the currently defined North zone. The fifth hole is
planned to target a horizon of semi-massive to massive sulphides
associated with the ultramafic Roberge
Sill near its contact with the feldspar porphyry unit that
hosts the Mop-II deposit. This horizon was intersected in numerous
holes by SOQUEM during previous exploration drilling and returned
anomalous values of zinc, copper, silver and gold (see July 19, 2018 press release).
The drill program may evolve in response to potential
discoveries and/or field conditions. A drill plan showing the
proposed hole locations for the Phase 2 program is available in the
Roger Map Gallery.
Project operator, SOQUEM, will manage all aspects of the Phase 2
program. The drill contract has been awarded to Spektra Drilling
Canada Inc. of Val-d'Or, Québec
and sample analyses will be undertaken by SGS Canada with sample
preparation carried out in their Val-d'Or facility.
Corporate Update
Enforcer Gold also announces the resignation of David Hladky as a director of the Company.
Enforcer is grateful for his contribution during his tenure and
wishes him the very best in his future endeavours.
About SOQUEM
SOQUEM Inc., a subsidiary of Ressources Québec, is a leading
player in mineral exploration with its mission to explore, discover
and develop mining properties in Quebec. SOQUEM has participated in more than
350 exploration projects and contributed to major discoveries of
gold, diamonds, lithium and other mineral commodities in
Quebec.
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
project from project operator, SOQUEM. Roger hosts the Mop-II
gold-copper deposit located 5 km from the historic mining center of
Chibougamau, Quebec. Enforcer also
holds a 100% interest in the Waswanipi gold project located 125 km west of
Chibougamau. Both projects are
situated within the prolific Abitibi greenstone belt, which has
produced over 180 M oz. of gold and
over 450 M tonnes of copper-zinc ore
since the early 1900s.
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.
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 Roger project, the exploration
potential and analogous deposit potential of the Roger 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