TSX-V: VEIN | FSE: N071
TORONTO, June 20, 2018 /CNW/ - Enforcer Gold Corp
("Enforcer" or the "Company") (TSX-V: VEIN – FSE: N071) is pleased
to announce the results from its 2018 Phase 1 diamond drilling
program on the MOP II gold-copper deposit. The Roger Project is
located 5 km north of Chibougamau,
Quebec, has all-season road access and is crossed by a power
line that serviced the past-producing Troilus Mine. Enforcer is
earning a 50% interest in the project from project operator,
SOQUEM.
The 2018 Phase 1 program was completed in April with the
drilling of 11 holes totalling 3,068
m. The primary objectives of the program were the twinning
of 8 historic holes on the Main zone, for which the core is no
longer available, and deeper drilling (>300m vertical) to determine if mineralization
continues at depth on the eastern portion of the deposit.
Highlights include:
- Hole 1206-18-85: 0.83 g/t Au over 112
m
- Hole 1206-18-87: 0.71 g/t Au over 147.8
m
-
- including 1.07 g/t Au over 64.8
m
- Hole 1206-18-88: 0.73 g/t Au over 219.7
m
-
- including 1.32 g/t Au over 57.7
m
- Hole 1206-18-89: 0.54 g/t Au over 230.1
m
- Hole 1206-18-94: 0.29 g/t Au over 514.5
m
-
- including 0.89 g/t Au over 81.0
m
- including 0.50 g/t Au over 219.5
m
President and CEO, Steve
Roebuck, comments:
"Results from the twinned holes have exceeded our expectations
in that the mineralization is very consistent throughout each hole
and in most cases the grades and widths exceed the historical
results. This has significantly boosted our confidence on the
potential for defining a bulk-tonnage deposit at Mop-II that is
potentially amenable to lower-cost, open-pit mining techniques.
With the historic data now validated, the Company has a robust
database to work with and will proceed with updating the resource
estimate, targeted for release later this summer. Planning for the
next phase of exploration is underway with emphasis on targeting
areas that have the best potential to increase the resource
base."
The 8 twinned holes have verified the results from the 8
historical holes (Table 2) with mineralization beginning at or near
surface and continuing for significant lengths down hole. Holes
1206-18-93 and 94 were collared to the east of the lesser explored
North zone and drilled to intersect the Main zone at depth. Both
holes intersected mineralization on strike of the North zone,
extending its potential strike extent to over 450 m. Hole 1206-18-94 demonstrated continuous
lower-grade mineralization over an impressive 514.5 m of core length to a vertical depth of
~400 m. Hole 1206-08-25 was a deepening of historical hole
1206-08-25 from 375 to 521.5 m down
hole, also confirming that a very broad halo of lower-grade
mineralization extends at depth below the Main zone.
Detailed drill hole location plans and cross sections are
available in the Roger Map Gallery.
Table 1. Significant Results from the 2018 Phase 1 Drill
Program
Hole
ID
|
Azm
(deg)
|
Dip
(deg)
|
From
(m)
|
To
(m)
|
Width
(m)
|
Au
(g/t)
|
1206-18-85
|
225
|
-55
|
3.7
|
115.7
|
112.0
|
0.83
|
Including
|
|
|
35.5
|
96.5
|
61.0
|
1.12
|
1206-18-86
|
225
|
-55
|
4.0
|
91.6
|
87.6
|
0.35
|
Including
|
|
|
40.0
|
55.0
|
15.0
|
1.02
|
1206-18-87
|
180
|
-55
|
22.7
|
170.5
|
147.8
|
0.71
|
Including
|
|
|
50.2
|
115.0
|
64.8
|
1.07
|
|
|
|
183.6
|
211.0
|
27.4
|
0.42
|
1206-18-88
|
180
|
-54
|
13.3
|
233.0
|
219.7
|
0.73
|
Including
|
|
|
46.5
|
104.2
|
57.7
|
1.32
|
Including
|
|
|
118.2
|
155.8
|
37.6
|
0.46
|
1206-18-89
|
225
|
-58
|
22.0
|
252.1
|
230.1
|
0.54
|
Including
|
|
|
76.8
|
97.5
|
20.7
|
1.02
|
Including
|
|
|
167.5
|
245.5
|
78.0
|
0.76
|
1206-18-90
|
225
|
-55
|
7.5
|
142.5
|
135.0
|
0.66
|
Including
|
|
|
9.0
|
40.5
|
31.5
|
1.03
|
Including
|
|
|
67.5
|
76.0
|
8.5
|
1.25
|
1206-18-91
|
180
|
-55
|
37.0
|
268.8
|
231.8
|
*0.22
|
Including
|
|
|
151.0
|
201.5
|
50.5
|
0.31
|
1206-18-92
|
172
|
-55
|
25.5
|
256.5
|
231.0
|
0.25
|
Including
|
|
|
161.1
|
189.5
|
28.4
|
0.44
|
Including
|
|
|
203.5
|
220.1
|
16.6
|
0.82
|
1206-18-93
|
180
|
-55
|
55.0
|
97.0
|
42.0
|
0.26
|
|
|
|
155.0
|
196.2
|
41.2
|
0.38
|
|
|
|
248.7
|
266.0
|
17.3
|
0.31
|
1206-18-94
|
180
|
-54
|
15.0
|
529.5
|
514.5
|
0.29
|
Including
|
|
|
298.0
|
517.5
|
219.5
|
0.50
|
and
|
|
|
436.5
|
517.5
|
81.0
|
0.89
|
1206-08-25
|
180
|
-50
|
423.0
|
520.5
|
97.5
|
0.14
|
|
Notes to Table
1:
|
All holes presented
in Table 1 were completed by NQ diamond (core) drilling. Widths
represent down hole core lengths; true widths are unknown at this
time. *Hole 1206-18-91 intersected underground workings from 128.3
to 131.2m downhole; hence, 2.9 m of drill core is missing from the
intersection where host rock with potential mineralization has been
mined out. As such, the true grade of the intersection is unknown
and a value of "0" was assigned to the interval.
|
The 8 holes presented in Table 1 were drilled to twin 8 holes
drilled by Flanagan Inc. from 1986 to 1988. These historical holes
were selected in order to achieve a representative sampling of the
mineralized zone rather than targeting the best historical grades.
The twinning program has successfully corroborated the results of
the historic drilling and in all cases returned anomalous gold
beginning at or near surface and extending over very significant
widths.
Table 2. Comparison of Historic (1986-1988) and 2018 Twin
Hole Results
Year
Drilled
|
Hole
ID
|
From
(m)
|
To
(m)
|
Width
(m)
|
Au
(g/t)
|
1988
|
88-MOP2-33
|
4.35
|
115.47
|
111.12
|
0.37
|
2018
Twin
|
1206-18-85
|
3.70
|
115.70
|
112.00
|
0.83
|
|
|
|
|
|
|
1988
|
88-MOP2-32
|
10.4
|
81.86
|
71.46
|
0.16
|
2018
Twin
|
1206-18-86
|
4.0
|
91.6
|
87.60
|
0.35
|
|
|
|
|
|
|
1986
|
86-MOP2-11
|
24.1
|
248.5
|
224.40
|
0.33
|
2018
Twin
|
1206-18-87
|
22.7
|
228.0
|
205.30
|
0.58
|
|
|
|
|
|
|
1986
|
86-MOP2-04
|
16.0
|
224.6
|
208.60
|
0.71
|
2018
Twin
|
1206-18-88
|
13.3
|
233.0
|
219.70
|
0.73
|
|
|
|
|
|
|
1988
|
88-MOP2-48
|
24.32
|
195.11
|
170.79
|
0.46
|
2018
Twin
|
1206-18-89
|
22.0
|
252.1
|
230.10
|
0.54
|
|
|
|
|
|
|
1988
|
88-MOP2-37
|
9.0
|
112.4
|
103.40
|
0.25
|
2018
Twin
|
1206-18-90
|
7.5
|
142.5
|
135.00
|
0.66
|
|
|
|
|
|
|
1987
|
87-MOP2-07
|
30.8
|
239.45
|
208.65
|
0.23
|
2018
Twin
|
1206-18-91
|
37.0
|
268.8
|
231.80
|
*0.22
|
|
|
|
|
|
|
1987
|
87-MOP2-09
|
18.5
|
233.45
|
214.95
|
0.32
|
2018
Twin
|
1206-18-92
|
25.5
|
256.5
|
231.00
|
0.25
|
|
Notes to Table
2:
|
All holes presented
in Table 2 were completed by diamond (core) drilling. Widths
represent down hole core lengths; true widths are unknown at this
time. *Hole 1206-18-91 intersected underground workings from 128.3
to 131.2m downhole; hence, 2.9 m of drill core is missing from the
intersection where host rock with potential mineralization has been
mined out. As such, the true grade of the intersection is unknown
and a value of "0" was assigned to the interval. All non-assayed
intervals in the historical holes were assigned a value of
"0".
|
Gold mineralization at the MOP-II deposit correlates with broad
alteration zones of sericitization and silicification that are
largely contained within a 2.2 km long by 0.4 km wide
quartz-feldspar porphyry intrusion. The mineralization is
homogenous, generally low grade and occurs over broad intervals. In
addition to the 58,000 m of diamond
drilling now completed on the Roger property, underground
exploration undertaken in 1988 included 1,177 m of development and over 1,000 m of chip sampling.
Historical Resource Estimate
As reported on January 22, 2018, a
2006 NI 43-101 compliant mineral resource estimate on the deposit
by Scott Wilson Roscoe Postle Associates Inc. for SOQUEM, estimated
using an average long-term gold price of US$500 per ounce, totalled 167,200 ounces of gold
in the Inferred Resource category as follows:
Historical Inferred Resource Estimate – January 2006
Zone
|
Tonnes
|
Au
g/t
|
Au
oz
|
Cu
%
|
Main
|
3,216,000
|
1.61
|
166,200
|
0.04
|
North
|
24,000
|
1.32
|
1,000
|
0.12
|
Total
|
3,240,000
|
1.61
|
167,200
|
0.04
|
Notes:
|
|
1.
|
The resource estimate
was prepared by qualified person, Bernard Salmon, Eng., of Scott
Wilson Roscoe Postle Associates Inc.
|
2.
|
Mineral Resources
were estimated according to CIM definition standards
(2005).
|
3.
|
Mineral Resources
were estimated at cut-off grades of 1.0 g/t Au
|
4.
|
Mineral Resources
were estimated using an average long-term gold price of US$500 per
ounce, and a US$/C$ exchange rate of 1:1.20.
|
5.
|
Mineral resources
that are not mineral reserves do not have demonstrated economic
viability.
|
N.B.: 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.
QAQC
The 2018 Phase 1 drilling program was managed by project
operator, SOQUEM, utilizing standard industry procedures and
protocols and following a formal quality assurance and quality
control ("QAQC") program. Sample preparation and analysis were
performed by ALS Minerals in Val-d'Or,
Quebec, a CAN-P-1579, CAN-P-4E (ISO/IEC 17025:2005)
accredited testing laboratory. Gold grades are determined using a
standard fire assay with atomic absorption finish on a 30g
pulverized fraction. Samples grading above 2 g/t are re-assayed
using fire assay with gravimetric finish on a 30g fraction on both
the pulps and rejects. SOQUEM routinely inserts blanks,
duplicates and standards in the sample sequence as part of its
internal QAQC program.
The Company also wishes to announce that its board of directors
has resolved to change auditors from Jackson and Company Chartered
Accountants (Jackson & Co.) to UHY McGovern Hurley LLP,
(UHY) effective June 20, 2018.
At the request of the Company, the former auditor Jackson & Co.
has resigned and UHY has been appointed the successor auditor as of
the effective date of June 20,
2018.
In accordance with National Instrument 51-102 ("NI-51-102"), the
Company has filed a Change of Auditor Notice ("Notice") on SEDAR
together with letters from both Jackson & Co. and UHY, with
each letter confirming that it is in agreement with the statements
contained in the Notice, as applicable. There were no reportable
events as defined in NI 51-102 between Jackson & Co. and the
Company.
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 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.
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