Enforcer looks to rediscover Montalembert spark

By Staff reporter / April 20, 2018 / www.mining-journal.com / Article Link

President and CEO Steve Roebuck said this week the 18 core holes (for 1,749m) drilled on OR79 in February-March this year confirmed two north-south trending mineralised corridors defined by the presence of multiple 0.3-1m-wide mineralised intersections grading up to 5.09 grams per tonne gold over 0.65m.

Enforcer reported the mineralised intersections were primarily hosted in weakly to strongly sheared gabbro accompanied by quartz veining and/or 1-15% sulphides (mainly pyrite and pyrrhotite and trace chalcopyrite, sphalerite and molybdenite).

The company said a follow-up program was "under consideration and may include drill testing at depth below the current vertical reach of 75m".

"OR79 is a new gold occurrence on the Montalembert property discovered by our prospecting team in 2017," Roebuck said.

"We followed up with an IP survey to better define drill targets and were highly encouraged with the results that showed a prominent high chargeability and resistivity anomaly over the discovery area and a second IP anomaly further to the east.

"We've now completed a successful first-pass drill testing of the area, which has confirmed two distinct corridors with numerous mineralized horizons that trend sub-parallel to the Galena-No. 2 veins located 1-1.5km to the east."

Enforcer hit C8c intra-day Thursday before finishing the day down 7.14% at 6.5c. The C$4.19 million market-cap company was trading at 23c last May.

 

Recent News

Uranium volatility after Russia's US export restrictions

November 25, 2024 / www.canadianminingreport.com

Gold stocks rebound on metal bounce and equity rise

November 25, 2024 / www.canadianminingreport.com

Crypto market size continues to catch up with gold

November 18, 2024 / www.canadianminingreport.com

Crypto stealing some of gold's thunder

November 18, 2024 / www.canadianminingreport.com

Gold stocks drop on metal price decline

November 11, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok