Enforcer Gold Increases Land Position at the Montalembert Gold Project
TORONTO, Feb. 1, 2018 TSX-V: VEIN | FSE: N071
/CNW/ - Enforcer Gold Corp ("Enforcer" or the "Company") (TSX-V: VEIN; FSE: N071) is pleased to report it has added 19,352 hectares (47,818 acres) to its land position at the Montalembert gold project for a total land holding of 26,645 hectares (65,839 acres).
In accordance with the terms of the option agreement with Globex Mining Enterprises Inc. ("Globex") on the Montalembert property (the "Property") dated November 16, 2016 (the "Option Agreement"), all claims acquired within 3 km of the external boundary of the Property are considered an integral part of Property and fall under the terms of the Option Agreement. All claims that lie outside of the 3 km buffer zone are 100% owned by Enforcer.
Since acquiring the Montalembert project in November 2016, Enforcer has increased its land position 8-fold and now controls a very large block of underexplored and highly prospective ground. The land position covers a classic Abitibi greenstone belt sequence of deformed intermediate to mafic volcanics, felsic to mafic intrusive rocks and feldspar porphyry. Based on government assessment files, very limited exploration for gold has been conducted in the newly staked area.
The expanded land position is favoured by multiple logging roads that access a considerable portion of the property. Enforcer will engage in a first-pass reconnaissance assessment of the new ground in Spring 2018 as a basis for its first phase of exploration in the area.
Of note, all of the claims recently added to the Montalembert property were staked on behalf of Enforcer by its third party contractors and are in the process of being transferred to Enforcer Gold's name by Quebec's Ministry of Energy and Natural Resources (MERN).
About Enforcer Gold Corp
Enforcer Gold Corp is earning a 100% interest in the Montalembert gold project from Globex Mining Enterprises Inc. (TSX: GMX, FSE: GIMN, OTCQX: GLBXF) and a 50% interest in the advanced-stage Roger gold-copper porphyry property from SOQUEM. Both properties are located in Quebec's prolific Abitibi greenstone belt. The Montalembert property lies 5 km from a paved highway and hydro-electric power and has easy access to skilled labour, fuel, accommodation and other industry-related services, allowing for relatively low exploration costs.
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 Montalembert project, the exploration potential and analogous deposit potential of the Montalembert 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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