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).
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. (GMX.TO) 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
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