TSX-V: VEIN | FSE: N071
TORONTO, April 17, 2018 /CNW/ - Enforcer Gold Corp
("Enforcer" or the "Company") (TSX-V: VEIN – FSE: N071) is pleased
to announce the completion of its Phase 1 diamond drilling program
at its Roger Project and the engagement of Consortium Geologica
Groupe-Conseil Inc. and GeoPointCom Inc. to complete a new resource
estimate on the Mop-II deposit. The Roger project is strategically
located in the Chibougamau Mining Camp, ~5km northwest of the
historic mining centre of Chibougamau,
Quebec. Enforcer has an option to acquire a 50% interest in
the Roger property from project operator, SOQUEM.
President & CEO, Steve
Roebuck, comments:
"We are very pleased with the work that has been accomplished
thus far at Roger. Within three months of optioning the property,
we've completed our first diamond drilling program with SOQUEM and
have updated a 3D model that will greatly assist in fast-tracking a
new resource calculation. This next step is fundamental in the
evolution of the project. The 2006 resource estimate was completed
using a gold price of US$500 per oz.
and was based on the concept of a higher-grade, vein-type deposit.
Since that time, nearly 17,000 m of
drilling have been added to the deposit and a review of the data
indicates there is significant potential to define high-tonnage,
lower-grade mineralization that could be evaluated for its
bulk-mineable potential. We very much look forward to the
results of this new resource calculation".
The Phase 1 program commenced in early March and was recently
completed with the drilling of 11 holes totalling 3,068 m. Drilling primarily targeted the Main
Zone of the MOP-II deposit, where a 2006 NI 43-101 mineral resource
estimate outlined 3.24 Mt of Inferred Resources at an average grade
of 1.61 g/t Au and 0.04% Cu for a total 167,200 ounces of gold
(Enforcer press release dated March 5,
2018). Enforcer considers the 2006 estimate as a historical
resource estimate that has relevance to the project; however, a
qualified person for the Company has not done sufficient work to
classify the historical estimate as a current mineral resource and
as such it should not be relied on.
In parallel with the drilling program, Enforcer has been working
with Christian D'Amours of GéoPointCom in Val-d'Or, Québec to generate a 3D model of the
deposit that incorporates the diamond drilling completed by SOQUEM
from 2008 to 2013. Once all assays from the 2018 Phase 1 program
have been received an NI 43-101 compliant resource estimate will be
initiated. Consortium Geologica Groupe-Conseil Inc. and GeoPointCom
Inc. have been retained to undertake the new technical
study.
Eight of the 11 diamond drill holes were designed to duplicate
historical (pre-SOQUEM) holes for which the core was only assayed
over short intervals of quartz veins and/or mineralization and the
original core is no longer available for sampling. SOQUEM realized
early on the potential for lower-grade bulk mineralization that was
potentially amenable to bulk mining. This required much broader
sampling and in cases entire hole lengths to be assayed for gold.
The Phase 1 program was aimed at testing this concept and will help
the partners determine how much additional drilling will be
required to fully evaluate the lower-grade potential of the Mop-II
deposit.
Two of the 11 holes targeted both the North Zone near surface
and the Main Zone at the -330 m
level. One additional hole deepened a 2008 SOQUEM hole by
146.5 m to test the Main Zone at
depth. Overall, the program proved highly successful with every
hole intersecting its target and confirming the current
interpretation used to develop the 3D model. Over 58,000 m of diamond drilling have now been
completed on the Roger property.
The drill core has been transported to SOQUEM's core shack
facility in Chibougamau where
logging and sampling is well underway. Core samples are being sent
on a routine basis to the ALS-Chemex laboratory in Val-d'Or, Quebec for gold analyses as well as
base metal analysis where warranted. Results will be released once
received and compiled.
Enforcer also announces the appointment of Andrew Newbury of DSA Corporate Services as its
Corporate Secretary, effectively immediately. Andrew has 10 years
of administrative, financial, and operational experience with a
variety of small businesses. He joined DSA Corporate Services in
2017 as the Compliance Manager and is now an Account Executive
providing corporate secretarial, regulatory and governance services
to DSA's clients. Andrew holds a BComm from Dalhousie University and is a member of the
Institute of Chartered Secretaries and Administrators (ICSA).
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 minerals in Quebec.
About Enforcer Gold Corp
Enforcer Gold Corp is a Canadian-based mineral exploration
company and is earning a 100% interest in the Montalembert gold
project from Globex Mining Enterprises Inc. (TSX: GMX) and a 50%
interest in the advanced-stage Roger porphyry gold-copper project
from SOQUEM. Both properties are located in Quebec's prolific Abitibi greenstone belt and
have excellent road access and nearby infrastructure and amenities.
The Company completed its first exploration program on the
Montalembert project in October 2017,
including 5,784 m of diamond
drilling.
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