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
For further information: please visit www.enforcergold.com or contact: Steve Roebuck, President & CEO, T: (647) 496-7984, C: (905) 741-5458, E: contact@enforcergold.com