HALIFAX, Oct. 4, 2017 /CNW/ - Antler Gold Inc.
("Antler") (TSX-V: ANTL) is pleased to announce that the
minimum 2,500 metre ("m") drill program has commenced at the
Wilding Lake Gold Project in central Newfoundland. In addition, mechanical
trenching has resulted in extending the high-grade gold Elm zone to
approximately 165m in strike length (zone remains open in both
directions) and initial significant gold assay results from the
Raven Zone were returned.
Drilling Program
A minimum 2,500m core drilling
program commenced on October
4th to evaluate a total of fifteen targets. Eight
targets are gold occurrences discovered in 2016 and 2017 from
systematic grassroots exploration programs and seven are selected
priority geophysical targets. The gold occurrences to be drilled
include the newly discovered Raven Zone and the Red Ochre Complex
and the 2016 discovery zones; Alder, Taz, Elm, Cedar, Birch and
Dogberry. All occurrences demonstrate a strong gold system
producing high grade and significant widths that include:
- Raven Zone: Four initial rock grab samples returned assay
values of 273.8 grams/tonne ("g/t"), 15.4g/t, 13.6g/t and
3.5g/t
- Red Ochre Complex: Five Initial rock grab samples yielded assay
values of 24.0g/t, 15.2g/t, 14.3g/t, 1.9g/t and 27 parts per
billion (ppb)
- Alder Zone: 6.0g/t over 8.5m, 8.7g/t over 6.7m and 49.3g/t over
4.6m
- Taz Zone: 28.8g/t over 1.0m,
12.2g/t over 0.9m and 14.6g/t over 0.65m
- Elm Zone: 101.5g/t over 0.5m, 93.1g/t over 1.3m, 37.5g/t over
0.9m and 18.0g/t over 1.2m
Note that rock grab samples are selected samples and results are
not necessarily indicative of the mineralization hosted on or the
potential of the property.
For a map showing the location of the gold occurrence targets in
the drilling program, please visit www.antlergold.com and click on
"News Release October 4th,
2017".
Trenching Program Update
The mechanical trenching
program that commenced on August
15th continues and most recently has resulted in
extending the Elm zone strike length to approximately 165m from 60m
(zone remains open in both directions along strike). Earlier
trenching resulted in the discovery of two new gold occurrences
(the Red Ochre Complex and Raven Zone) in August and previously
described in a press release dated August
30th, 2017.
Elm Zone
The eastern extension of the Elm zone was
discovered by recent trenching extending the strike length to
approximately 165m. The Elm zone remains open along strike in both
directions and trenching is continuing to open up the zone along
strike. The quartz vein system attains a width of up to 3m in the
extended trenched area with visible gold noted in outcrop. The
Elm zone quartz vein system is hosted within intensely sheared
Rogerson Lake conglomerate with chalcopyrite and malachite
mineralization. Saw-cut rock channel assay results from the
original Elm zone discovery described previously in press release
dated January 24th, 2017
returned high-grade gold values ranging from 1.0 to 101.5 g/t Au,
with a weighted average of 20.6 g/t Au (based on the 22 channels)
that sampled the laminated quartz vein that attains a width up to
2.0m in this area.
Raven Zone
The Raven Zone is located approximately
600m southwest of the Alder Zone where trenching exposed a minimum
3.0m wide shear zone with significant quartz veining with pyrite,
chalcopyrite and malachite mineralization hosted within the
Rogerson Lake conglomerate. Four rock grab samples yielded gold
assay values of 273.8g/t, 15.4g/t, 13.6g/t, and 3.5g/t. Note that
grab samples are selected samples and results are not necessarily
representative of the mineralization hosted on or indicative of a
property's potential.
Red Ochre Complex
The Red Ochre Complex is
located approximately 400m to the southwest of the Raven Zone and
consists of brittle fracture style quartz veins and quartz
stockworks hosted by felsic volcanic rock. Sulphide mineralization
predominantly occurs as disseminated and fracture fill pyrite
stringers. Anomalous gold mineralization in rock occurs over an
extensive area that is peripheral to the contact area of a regional
linear magnetic high unit that trends across the property in a
northeast direction. This unit is a significant property wide gold
target for further focussed exploration. Elevated gold grades occur
where cross-cutting deformation structures cross the linear
magnetic high unit where initial rock grab sample gold grades
returned 24.0g/t, 15.2g/t, 14.3g/t, 1.9 g/t and 27 parts per
billion (ppb), and previously described in a press release dated
August 30th, 2017. Note
that rock grab samples are selected samples and results are not
necessarily indicative of the mineralization hosted on or the
potential of the property.
The till depth within the Red Ochre Complex area is quite deep
in places and further work that includes the ongoing channel
sampling and drilling programs in this general area is required
before any conclusions can be made regarding continuity of
mineralization, orientation, potential strike length and width, and
gold grade.
About Antler Gold Inc.
Antler Gold Inc. currently controls seven projects totalling
approximately 634.5 square kilometres and 140 kilometres of
prospective strike length following an important regional gold
bearing structural corridor that runs for roughly 300 kilometres
diagonally across Newfoundland and
hosts Antler's gold occurrences, Marathon Gold Corporation's
Valentine Lake project that is
located immediately adjacent to and southwest of the Project, as
well as Benton Resources' Cape Ray
deposit. Work by Antler and others to date indicate that the
mineralizing system along this trend, and specifically on the
Wilding Lake project, is capable of producing both high grade gold
and significant widths. Gold mineralization occurs within
shear-related orogenic style quartz veins and quartz stockwork
underneath shallow overburden in an area that has not previously
been systematically explored for gold.
Quality Control
All rock samples were collected by Antler Gold Inc. personnel on
site and were stored at Antler's secure facility located in
Millertown, Newfoundland. Samples
were sealed in bags and transported by Antler personnel to the
Eastern Analytical Inc. laboratory in Springdale, Newfoundland. Gold was analyzed by
30g fire assay with AA-finish. Field management and Quality
Assurance/Quality Control was performed by Dave Evans, P.Geo., Regional Manager of Antler
Gold Inc., and Spencer Vatcher,
P.Geo., Silvertip Exploration Consultants Inc. Interpretation of
results was performed by Howard Bird
P.Geo., Antlers VP, Exploration and Dave Evans, P.Geo. Antler Gold employs a QA/QC
program consistent with NI 43-101 and industry best practices.
Howard Bird, P.Geo., Vice
President, Exploration of Antler Gold Inc., is the qualified person
as defined by NI 43-101 guidelines and has reviewed and approved
this release.
Cautionary Statements
This press release may contain forward-looking information, such
as statements regarding Antler's planned work program for the
Project. This information is based on current expectations and
assumptions (including assumptions relating to general economic and
market conditions) that are subject to significant risks and
uncertainties that are difficult to predict, including risks
relating to the ability to complete the work program in the
expected timeframe, adverse weather and other conditions affecting
work programs at the Project. Actual results may differ materially
from results suggested in any forward-looking information. Antler
does not assume any obligation to update forward-looking
information in this release, or to update the reasons why actual
results could differ from those reflected in the forward-looking
information unless and until required by securities laws applicable
to Antler. Additional information identifying risks and
uncertainties is contained in the filings made by Antler with
Canadian securities regulators, which filings are available at
www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Antler Gold Inc.