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Globex Mining Enterprises Inc.

Publié le 01 mars 2018

Enforcer Gold Reports 54.5 Meters of 1.2 g/t Gold and Discusses Bulk-Tonnage Potential of the Mop-II Gold-Copper Deposit, Roger Project

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Mots clés associés :   9/11 | Bismuth | Copper | Exploration | Lithium | Report |

Enforcer Gold Reports 54.5 Meters of 1.2 g/t Gold and Discusses Bulk-Tonnage Potential of the Mop-II Gold-Copper Deposit, Roger Project

TORONTO , March 1, 2018 /CNW/ - Enforcer Gold Corp ("Enforcer" or the "Company") (TSX-V: VEIN – FSE: N071) is pleased to report on the preliminary results from evaluating historical drill data on the Mop-II gold-copper deposit. The Mop-II was historically explored as a higher-grade, vein type deposit; however, a review of the data indicates there is significant potential to define a high-tonnage, lower-grade deposit that could be evaluated for its bulk mineable potential.

Highlights from the 2008-2013 SOQUEM drilling programs 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


Enforcer is earning a 50% interest in the project from SOQUEM. A Phase 1 exploration drilling program is set to commence in March.

President & CEO, Steve Roebuck , comments:

"We're very fortunate to have a vast database to work with in assessing the Mop-II for its high-tonnage, lower-grade deposit potential. With over 55,000 m of drilling already completed on the property, our Phase 1 drilling program is primarily designed to verify historical results and to test the depth extension by deepening some holes that ended in mineralization. The results of the 2018 Phase 1 drilling program will be compiled and modelled with the historical (1957-1989) and more recent drilling by SOQUEM (2008-2013) to prepare a current mineral resource estimate on the Mop-II deposit and lay the groundwork for a Phase 2 drilling program."

Table 1. Significant Results of SOQUEM's 2008-2013 Drilling Programs

Hole #

Zone


From

(m)

To

(m)

Length

 (m)

Au

(g/t)

Cu

(%)

1206-08-25

North


98.7

109.7

11,0

0.85

0.14

1206-08-26

Main


370.5

382.6

12,1

1.30

0.17

1206-08-28

North


95.0

110.0

15,0

0.67

0.03

1206-08-29

Main


87.9

160.8

72,9

0.77

0.1



incl.

79.5

105.0

25,5

1.07

0.1




133.5

160.8

27,3

0.96

0.1

1206-10-31

Main


9.0

156.0

147,0

0.40

0.04



incl.

17.0

60.0

43,0

1.01

0.08

1206-10-32

Main


18.0

264.0

246,0

0.40

0.04



incl.

100.0

154.5

54,5

1.20

0.08

1206-10-33

Main


16.2

189.0

172,8

0.60

0.03



incl.

46.0

63.0

17,0

0.91

0.09



and

140.6

152.5

11,9

7.8

0.02

1206-10-34

Main


21.0

282.0

261,0

0.50

0.06



incl.

85.5

123.0

37,5

1.89

0.07

1206-10-35

Main


6.7

132.0

125,3

0.40

0.04



incl.

64.3

99.0

34,7

1.03

0.04

1206-10-36

Main


156.0

194.0

38,0

0.58

0.04



incl.

173.5

192.5

19,0

0.90

0.02

1206-10-37

Main


72.0

141.0

69,0

0.40

0.03

1206-10-38

Main


127.5

275.5

148,0

0.33

0.03

1206-10-40

Main


46.5

322.5

276,0

0.40

0.06



incl.

60.0

100.5

40,5

1.00

0.07

1206-11-43

Main


58.5

75.6

17,1

0.52

0.12

1206-11-44

Main


196.5

214.5

18,0

1.07

0.06

1206-11-45

Main


59.75

72.0

12,25

0.87

0.03




231.4

260.0

28,6

0.52

0.04

1206-13-53

Main


33.0

89.5

56,5

0.43

0.04

1206-13-54

Main


91.5

113.0

21,5

1.46

0.02

1206-13-55

Main


13.0

217.0

204,0

0.41

0.04



incl.

141.7

196.5

54,8

0.99

0.03

1206-13-56

Main


6.2

171

164,8

0.36

0.05



incl.

110.7

132.6

21,9

1.07

0.02

1206-13-57

Main


34.0

85.0

51.0

0.35

0.03




178.5

198.0

19.5

0.78

0.03




217.0

243.5

26.5

0.75

0.19

1206-13-58

Main


14.0

39.65

25.65

1.03

0.01

1206-13-59

Main


22.3

232.0

209.7

0.37

0.05



incl.

107.0

147.0

40.0

1.08

0.04

1206-13-60

Main


33.4

306.0

272.6

0.33

0.05

1206-13-61

Main


86.5

108.5

22.0

0.64

0.03

1206-13-62

Main


179.1

200.2

21.1

1.21

0.06

1206-13-63

Main


138.5

159.5

21.0

0.81

0.07




296.0

317.0

21.0

0.72

0.03

1206-13-66

Main


348.0

396.0

48.0

1.05

0.03

1206-13-69

Main


233.8

275.0

41.2

0.33

0.04

1206-13-71

Main


124.0

235.0

111.0

0.63

0.03

1206-13-74

Main


5.7

101.0

95.3

0.34

0.03



incl.

51.0

72.0

21.0

0.77

0.02

1206-13-75

Main


9.6

182.0

172.4

0.44

0.04



incl.

9.6

24.0

14.4

2.64

0.16



and

137.4

162.6

25.2

1.46

0.16

1206-13-76

Main


236.0

258.6

22.6

0.58

0.01

1206-13-77

Main


234.8

258.0

23.2

0.55

0.20

1206-13-83

Main


66.0

84.0

18.0

0.55

0.05

1206-13-84

Main


18.8

94.4

75.6

0.35

0.03

Note: Widths presented in Table 1 represent down hole core lengths; true widths are unknown at this time. The 2008 to 2013 drilling and sampling programs were undertaken by SOQUEM utilizing standard industry procedures and protocols and following a formal quality assurance and quality control ("QAQC") program. Samples were assayed by Techni-Lab SGB Abitibi Inc. using conventional fire assay with AA finish ("FAAA"). Samples grading 0.5 to 1.0 g/t Au were re-assayed by FAAA while samples above 1.0 g/t Au were re-assayed using fire assay with gravimetric finish ("FAGRAV").  Silver and copper were assayed by AA following aqua regia digestion. Silver samples grading above 20 g/t Ag were re-assayed by FAGRAV. Both SOQUEM and Techni-Lab routinely insert standards, blanks and duplicates as part of their respective QAQC programs.

A drill hole location map is available at: Drill Plan - Mar 2018 .

Enforcer recently retained the services of Christian D'Amours of GeoPointcom in Val-d'Or, Quebec to assist in validating the historical database provided by SOQUEM and to build a 3D model utilizing the entire database. In total, 17 diamond drilling campaigns have been completed on the property totalling nearly 55,000 m in 247 drill holes. A NI 43-101 mineral resource estimate was completed on the Mop-II deposit in 2006 ( January 22, 2018 press release). From 2008 to 2013, SOQUEM drilled an additional 13,755 m in 54 holes on the deposit. Highlights from SOQUEM's 2008-2013 drilling programs are presented in Table 1. These results demonstrate both the higher-grade vein potential of the Mop-II deposit and its lower-grade, high-tonnage potential.

SOQUEM and Enforcer are finalizing plans for a first phase 3,000 m diamond drilling program that will include the twinning of several historical holes for which the core is no longer available. In most cases, sampling of these historical holes was limited to well-mineralized intersections. Based on SOQUEM's more recent drilling, the altered portion of the quartz-feldspar porphyry that hosts the Mop-II deposit often carries low-grade gold and copper mineralization over entire hole lengths. As such, the 2018 twinned holes will be sampled over their entire length. Additional holes are planned to test the depth extension of the Mop-II deposit below the current maximum reach of 330 vertical meters.

The data from the Phase 1 drilling will be integrated into the 3D model that will be used as the basis for an updated mineral resource estimate.

The Roger Project is located in the Chibougamau mining camp, which is best recognized for its atypical vein-type mineralization rich in copper and base metals of porphyry affinity. Stratigraphy in the Mop-II deposit area is poorly defined due to a lack of outcrop exposure. Based on drilling, the deposit is largely contained within a 2.2 km long by 0.4 km wide quartz-feldspar porphyry intrusion. The east, north and west boundaries of the porphyry are described as a porphyry-volcanic mixing zone, while to the south it is bounded the regionally extensive McAdam Fault, which separates the porphyry from felsic volcanics and the Roberge peridotite sill.

The Mop-II deposit is described as having two distinct zones: Main and North. Gold mineralization in the Main zone is associated with a large ENE-trending, pyritic mineralized envelope within the quartz-feldspar porphyry that is ~200 m wide and at least 800 m long. The mineralization is comprised of pyrite, chalcopyrite, molybdenite, bismuth-bearing minerals and native gold, occurring as disseminated or in veins and veinlets along 0.5 m to 20 m wide east-west trending shear zones. Mineralization in the North zone is not yet well defined by diamond drilling but appears to differ in that gold grades are lower and copper grades are significantly higher than in the Main zone. In addition to the 55,000 m of diamond drilling completed on the Roger property, underground exploration undertaken in 1988 included 1,177 m of development and over 1,000 m of chip sampling.

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. (GMX.TO) 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. The Company completed its first exploration program on the Montalembert project in October 2017 , including 5,784 m of diamond drilling.

Enforcer's VP Exploration, Antoine Fournier , géo, 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


View original content: http://www.newswire.ca/en/releases/archive/March2018/01/c3129.html

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Globex Mining Enterprises Inc.

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CODE : GMX.TO
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Globex Mining est une société d’exploration minière de zinc et de cuivre basée au Canada.

Globex Mining détient divers projets d'exploration au Canada.

Son principal projet en développement est FABIE BAY au Canada et ses principaux projets en exploration sont BATEMAN BAY, LYNDHURST, POIRIER MINE, RAMP (MAUDE LAKE), MOOSELAND, PACAUD, BEAUCHASTEL-ROUYN, SUFFIELD MINE, VULCAN (GOLD DIKE) - GLOBEX, WEMINDJI, GRAND CALUMET, HUNTERS POINT, GRANDROY, LEIPSIGATE, DELORO, GAYHURST, FISH LAKE, BUCKELL LAKE, MAGNESIUM-TALC, TUT ZONE, FONTANA GOLD PROJECT, EAGLE GOLD PROPERTY, ARNTFIELD, COURVILLE PROJECT, LAKE SIMON, TRANSTERRE, WRIGHTBAR GOLD PROPERTY, TONNANCOUR, LA MOTTE, VICTORIA GOLD PROJECT, SMITH-ZULAPA, HALLIWELL & BM PROPERTIES, LAGUERRE-KNUTSON-RAVEN RIVER, DUPRAT, BLACKCLIFF, DUVAY ZONE, BELL MOUNTAIN, PARBEC, NORDEAU GOLD, RUSSIAN KID (EL COCO), FABIE BAY AND MAGUSI RIVER, GETTY DEPOSIT, WOOD - PANDORA, AUTHIER, CENTRAL CADILLAC, JACOBIE et LAMY MICA au Canada.

Globex Mining est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 41,6 millions CA$ (30,7 millions US$, 27,6 millions €).

La valeur de son action a atteint son plus bas niveau récent le 07 janvier 2000 à 0,09 CA$, et son plus haut niveau récent le 15 décembre 2006 à 7,76 CA$.

Globex Mining possède 48 900 000 actions en circulation.

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