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TORONTO, March 5, 2018 /CNW/ - Enforcer Gold Corp
("Enforcer" or the "Company") (TSX-V: VEIN – FSE: N071) is pleased
to announce the start of the Phase 1 drilling program on the Mop-II
gold-copper deposit. The Roger Project is located within the
Abitibi greenstone belt and is 5 km from the historic mining centre
of Chibougamau, Quebec.
President & CEO, Steve
Roebuck, comments:
"We're delighted to get drilling on the Mop-II and test our
concept of its bulk mineable potential. With the existing database
of over 55,000 m of drilling along
with the information gathered from the 1988 underground exploration
program, we're in a very good position to advance Roger quickly.
The data from SOQUEM's 2008-2013 drilling along with Enforcer's
Phase 1 drilling will be integrated into a new 3D model that
incorporates the entire database and will be used as the basis for
an updated mineral resource estimate."
The first-phase, 3,000 m diamond
drilling program will include the twinning of several historical
holes for which the core is no longer available. In most cases,
these historical holes were only sampled over narrow,
well-mineralized intersections within the quartz-feldspar porphyry
host rock. Based on SOQUEM's more recent drilling, low-grade gold
and copper mineralization occurs over significant core lengths and
in some cases over entire hole lengths. As reported in the
Company's March 1, 2018 press
release, highlights from SOQUEM's 2008-2013 drilling include:
- Hole 1206-08-29: 0.77 g/t Au over 72.9
m
- Hole 1206-08-32: 1.20 g/t Au over 54.5
m
- Hole 1206-10-33: 0.60 g/t Au over 172.8
m
- Hole 1206-10-34: 0.50 g/t Au over 261.0
m, incl. 1.89 g/t Au over 37.5
m
- Hole 1206-13-55: 0.99 g/t Au over 54.8
m
- Hole 1206-13-71: 0.63 g/t Au over 109.4
m
The Phase I program will also test the depth extension of the
Mop-II deposit below the current maximum reach of 330 vertical
meters.
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.
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.
Enforcer's President & CEO, Steve
Roebuck, 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