TSX-V: VEIN | FSE: N071
TORONTO, Jan. 23, 2019 /CNW/ - Enforcer Gold Corp
("Enforcer" or the "Company") (TSX-V: VEIN; FSE:
N071) announces the departure of Steve
Roebuck as President, CEO and Director of Enforcer effective
immediately. The Company announces that Steve Dunn, Director, has been appointed CEO on
an interim basis and Edward Milewski
as Director.
"On behalf of the Company, I would like to thank Steve for his
leadership and efforts as President & CEO over the past two
years. We wish him well in his future endeavours," stated
Steve Dunn.
Additionally, the Company announces that it is no longer
pursuing the Red Lake property
acquisition, nor the proposed financing announced on October 29, 2018 and updated on December 14, 2018.
About Enforcer Gold Corp
Enforcer Gold Corp is a Canadian-based mineral exploration
company and is earning a 50% interest in the royalty-free Roger
project from SOQUEM. Roger hosts the Mop-II gold-copper deposit
located 5 km from the historic mining center of Chibougamau, Quebec. The Mop-II contains an
Indicated resource of 333,000 contained gold equivalent ounces
(10,900,000 tonnes @ 0.85 g/t) and an Inferred resource of 202,000
contained gold equivalent ounces (6,569,000 tonnes @ 0.75 g/t).
Details of the mineral resource estimate are provided in the
Company's September 18, 2018 press
release and technical report filed on SEDAR. Mineral resources that
are not mineral reserves do not have demonstrated economic
viability.
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.
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 closing of its recently
announced private placement and the ability to raise future funds
to finance its ongoing business activities including the
acquisition of mineral projects and the exploration and development
of its projects. 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