TSX-V: VEIN | FSE: N071
TORONTO, Nov. 1, 2018 /CNW/ - Enforcer Gold Corp
("Enforcer" or the "Company") (TSX-V: VEIN – FSE: N071) is pleased
to provide its shareholders with further details on the McKenzie
Gold project located in the Red Lake Gold Camp of northwestern
Ontario. Enforcer announced on
October 29, 2018 that it had signed a
Letter of Intent ("LOI") to purchase a 100% interest in the
McKenzie Gold property from 1082545
B.C. Ltd.
Highlights of the McKenzie Gold project include:
- 1,348.5-hectare property spanning ~5x7 km in the core of the
Red Lake Gold Camp
- Highly prospective geological setting analogous to past
producers elsewhere in the camp
- Nine documented historical gold occurrences with limited
exploration
- 2017 prospecting discovery with up to 313 g/t Au in grab
samples
- Limited 2005 drilling has outlined a mineralized zone over a
600 m strike length (open) with
grades up to 2.2 g/t Au over 6.0
m
Enforcer Gold President and CEO, Steve Roebuck, comments:
"One of Enforcer's mandates is to strengthen its portfolio of
gold projects in mining-friendly jurisdictions that have strong
production records and high potential for further discoveries. To
that end, we are delighted with this opportunity to acquire a large
and well-positioned project in the renowned Red Lake Gold Camp
where historical gold production and current reserves exceed 30
million ounces. Recent exploration successes in the camp, like
those of Great Bear Resources, have outlined new geological
settings for gold mineralization and highlight the fact that a
100-year gold camp remains underexplored in some areas and has more
to give in terms of significant gold discoveries."
The McKenzie gold project is situated in the core of the
Red Lake camp and is directly
surrounded by the most prominent players in the district, including
Goldcorp, Yamana, Rubicon, Pure Gold and Premier Gold.
The project area is centered on the regionally significant Dome
Stock and bounded by several district-scale gold-bearing
deformation zones ("DZ"). The northeast edge of the project is
bounded by the Cochenour-Gulrock DZ, which is host to the largest
producing mines in the camp, the Campbell and Red
Lake mines. The Post Narrows DZ borders the project to the
northwest, the Pipestone-St.
Paul's Bay DZ to the southwest and the First Lake-Howey Bay
and Chukuni River DZs border the southeast quadrant.
Although the bulk of the historic production at Red Lake has been hosted in mafic to
ultramafic volcanic rocks, notable production has also been sourced
from granodioritic to dioritic phases of the Dome and nearby
McKenzie Island intrusives. The
Dome hosts the past-producing Red Lake Gold Shore and Buffalo mines
as well Premier Gold Mines' Central Zone (Hasaga Project) with
reported indicated and inferred pit-constrained resources of
804,000 oz (0.79 g/t) and 583,000 oz (0.76 g/t), respectively. The
smaller McKenzie Island Stock
located just east of the property hosts the past-producing McKenzie
Red Lake and Gold Eagle mines.
Mineralization within the two intrusive stocks is believed to
have originated from the peripheral gold-bearing structures related
to the deformation corridors. In 2005, drilling by Cypress
Development Corp. ("Cypress") near the southern edge of the project
area intersected a strongly silicified and sericite altered
east-west trending mineralized zone within the Dome Stock that is
600 m long and open on strike and to
depth. Quartz veining accompanied by sphalerite, arsenopyrite,
chalcopyrite and free gold returned gold values in drill core of up
to and 2.2 g/t Au over 6.0 m in drill
hole M05-07 from 102-108 m down hole.
The mineralized zone is very proximal to the contact of the Dome
Stock with the Pipestone-St.
Paul's Bay DZ.
Mineralized quartz veining within the Dome Stock has also been
documented in several locations within the northern portion of the
property. A prospecting program carried out in 2017 revisited some
of these showings and in the process discovered a new showing on
the southwest corner of McKenzie
Island. A 12 cm wide, low-angle quartz vein is exposed from
the shoreline over a 2 m length until
being covered by till to the east. The vein carries pyrite,
chalcopyrite and bornite mineralization and returned multiple
high-grade gold assays in grab samples ranging from 9.37 to 331.14
g/t Au. This new discovery lies ~100 m west of a historical showing
where gold values of up to 212.8 g/t are reported in the Ontario
Ministry of Northern Development and Mines (MNDM) file
#MDI52N04SW00076. Although the vein is limited in width and the
strike length is unknown, it confirms the gold potential of the
low-angle structures in this area. Of note, flat-lying quartz veins
within the nearby McKenzie Stock
produced significant gold from underground workings in the McKenzie
Red Lake and the Gold Eagle mines.
Quartz veining and sulphide mineralization is also reported in a
number of locations within the intermediate volcanics on
McKenzie Island. For example,
trenching in 1936 on the north shore of the island exposed a
northwest-trending 10 cm quartz vein over a 19.5 m strike length and reported very high-grade
gold in historic channel and grab samples. Follow-up sampling
during the 2017 prospecting program returned up to 18.02 g/t Au in
grab samples from the vein exposure. The southeast strike extent of
the vein is covered by till.
The northern end of the project also covers the sheared contact
of the Dome Stock with the intermediate volcanics to the north. The
contact zone is cut by younger diorite and gabbroic intrusives that
are locally mineralized with sulphides and anomalous gold. This
geological setting is very similar to that observed at the former
Hasaga Mine located along the southeastern contact of the Dome
Stock, where current holder, Premier Gold Mines, has been reporting
considerable exploration success.
Based on government records, the nine documented mineral
occurrences on the property have seen limited exploration work
since their initial discovery. From their descriptions, the geology
appears more complex than the geological maps seem to indicate, and
the different orientations of the veins bears witness to the
complexity of the structures present in the area. It appears
that the deformation zones bordering the Dome Stock might have
played a significant role in the emplacement and orientation of the
quartz veins throughout the property.
Technical & Cautionary Notes:
All technical information for the McKenzie Gold property was
sourced from publicly available Mineral Deposit Inventory files
sourced from the MNDM, as well as the NI 43-101 Updated Technical
Report on a Group of Crown Mineral Claims Located on McKenzie Island and in the Area of
Saint Paul's Bay, Red Lake, Ontario prepared for 1082545 B.C. Ltd. by Robert D. Marvin, PGeo, and dated May 15, 2018.
The Company wishes to stress that grab samples (as reported
above) are selective by nature and are unlikely to be
representative of average grades of mineralization. In addition,
mineralization hosted on adjacent properties (as reported above)
are not necessarily reflective of mineralization hosted on the
McKenzie gold project.
About Enforcer Gold Corp
Enforcer Gold Corp is a Canadian-based mineral exploration
company and is earning a 50% interest in the advanced-stage Roger
project from project operator, SOQUEM. Roger hosts the Mop-II
gold-copper deposit with a current resource estimate and located 5
km from the historic mining center of Chibougamau, Quebec. Enforcer also holds a
100% interest in the Waswanipi
gold project located 125 km west of Chibougamau. Both projects are situated within
the prolific Abitibi greenstone belt, which has produced over
180 M oz. of gold and over
450 M tonnes of copper-zinc ore since
the early 1900s.
Enforcer's President and 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 exploration potential
of the McKenzie project. 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