TSX-V: VEIN | FSE: N071
TORONTO, Dec. 14, 2018 /CNW/ - Enforcer Gold Corp
("Enforcer" or the "Company") (TSX-V: VEIN; FSE: N071) announces
that it is extending the closing of its non-brokered private
placement offering of up to $1.5M and
concurrent Red Lake property
acquisition previously announced on October
29, 2018. The anticipated closing date, subject to the
approval by the TSX Venture ("TSX-V"), will be on or around
January 18, 2019.
Enforcer, along with operating partner SOQUEM, recently
completed the 34-hole 7,645 metre Phase 2 diamond drilling program
on the advanced-stage Roger gold-copper project (see November 27, 2018 press release). The Company is
waiting on assay results from SGS Canada's analytical laboratory in
Lakefield, Ontario and will
release them once received and compiled.
About Enforcer Gold Corp
Enforcer Gold Corp is a Canadian-based mineral exploration
company and is earning a 50% interest in the royalty-free Roger
project from SOQUEM. Roger hosts the Mop-II gold-copper deposit
located 5 km from the historic mining center of Chibougamau, Quebec. The Mop-II contains an
Indicated resource of 333,000 contained gold equivalent ounces
(10,900,000 tonnes @ 0.85 g/t) and an Inferred resource of 202,000
contained gold equivalent ounces (6,569,000 tonnes @ 0.75 g/t).
Details of the mineral resource estimate are provided in the
Company's September 18, 2018 press
release and technical report filed on SEDAR. Mineral resources that
are not mineral reserves do not have demonstrated economic
viability.
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.
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 closing of its recently announced private placement and
the ability to raise future funds to finance its ongoing business
activities including the acquisition of mineral projects and the
exploration and development of its projects. 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