Enforcer Gold Discovers High-Grade Mineralization In New Vein Exposure At The Montalembert Gold Project

Enforcer Gold Corp. (TSXV:VEIN) is a junior mining exploration company earning a 100-percent interest in the Montalembert Gold Project located in Quebec, Canada. The province of Quebec consistently ranks as one of the world’s top ten mining investment jurisdictions.


The property’s location boasts excellent infrastructure including transportation networks, access to power and nearby mining exploration service hubs. The project area covers a substantial and underexplored land package situated in the world-class Abitibi greenstone belt, which has produced more than 180 million ounces of gold since 1901.



The gold-bearing vein structures discovered on the property are classic shear-hosted quartz-carbonate gold mineralization, which is the most significant source of gold in the Abitibi greenstone belt.


Enforcer initiated its first exploration program at Montalembert in March 2017 with a property-wide, helicopter-borne high-resolution Mag-EM survey. The Company’s comprehensive field program began in May 2017 and a targeted 5,000-8000 m large diameter (HQ) core drilling program started on July 5, 2017.


Between December 2016 and May 2017, Enforcer raised more than $8.9 million to fund exploration of the Montalembert project.


Investment Highlights

  • Favorable Location – Mining-friendly jurisdiction of Quebec; excellent paved road access within 5 kilometers of the property
  • High Grade – 2016 channel sample assayed 510.79 g/t gold and 145.2 g/t silver over 1.0 meter
  • Underexplored – Very limited drilling in 1950; multiple undrilled targets
  • Well financed – $7.0 million in cash; market cap $12.6 million
  • Active exploration and news flow – Aggressive $2.2M program commenced mid-March 2017
  • Tight share structure – Management, insiders and institutions hold 52%; notable strategic shareholders include Osisko Mining
  • Strong community engagement


Key Asset: Montalembert Gold Project, Quebec


“This is a rare find; an underexplored high-grade gold project within 5 kilometers of a paved highway in Quebec.” – Enforcer Gold’s CEO, Steve Roebuck


The Montalembert project is located 35 kilometers north of the currently producing Bachelor Lake Gold Mine, 230 kilometers northeast of Val d’Or and 125 kilometers west of Chibougamau. Both Val d’Or and Chibougamau are centers for mining and exploration services. The nearly 7,300-hectare land package is easily accessed year-round via a network of logging roads and the paved Route 113 which passes within 5 kilometers of the property. Hydro-electric power, skilled labor and other amenities are also nearby.




 High-grade Galena and No.2 Veins


Enforcer Gold’s primary focus at Montalembert is two well-exposed parallel vein structures, the Galena and No. 2 veins, which are open at depth and along strike.


Gold was first discovered on the Montalembert property in 1949. Limited drilling was conducted on several veins in 1950; however, despite numerous logged occurrences of veining and mineralization only a few samples were assayed. Results of the assaying are unknown. No further work was reported until a bulk sampling program was conducted on the Galena vein in 1973. The bulk sampling was highly successful and a recommendation was made to explore underground; however, no follow-up occurred. It was another 42 years before the property attracted the attention of Globex Mining, leading to a stripping and grab sampling program on the Galena and No. 2 veins in 2015 followed by channel sampling in 2016.


The Galena vein has consistently reported high grades of gold:

  • Discovery assays from the Galena vein included 5.03 oz/t gold over 1.3 feet; 3.69 oz/t gold over 1.0 feet; 2.4 oz/t gold over 2.6 feet; and 1.28 oz/t gold over 2.6 feet.
  • The 1973 bulk sample averaged 12.69 g/t gold (0.37 oz/t) over length of 108.2 meters and width of 0.65 meter.
  • 2015 grab sampling along the vein returned up to 33.5 g/t gold
  • 2016 channel sampling results include 118.79 g/t gold and 14.5 g/t silver over 1.0 meter and 510.79 g/t gold and 145.2 g/t silver over 1.0 meter.  

Despite these remarkable results, the only drill testing to occur in the area was in 1950 using narrow gauge coring equipment. Very few holes tested the Galena and No. 2 veins and no assay results are available.


2016 Channel Sample #11069 assayed 510.79 g/t gold and 145.2 g/t silver over 1.0 meter.


Regional Targets


The Galena and No. 2 veins are the most advanced prospects on the property, but numerous other gold-bearing vein occurrences are documented in historic records. They span a 1.6 km long corridor that will be a key focus of Enforcer’s regional exploration program. Of note is the Lake vein discovered by Falconbridge in the early 1980s. Located ~1.4 kilometers north of the Galena vein, it reportedly assayed up to 51 g/t gold in grab samples. The prospect was never followed up on. Base metal exploration by others in the 1980s-1990s generated multiple anomalies as well as the discovery of a near-surface hydrothermal breccia in one drill hole located ~4 kilometers north of the Galena vein, which included up to 20% sulphides and visible gold. No further work was reported.


2017 Exploration Program


Enforcer kicked off its $2.2 million 2017 exploration program in March with a property-wide, high-resolution airborne Mag-EM survey. The Company’s comprehensive field program commenced in May and includes induced polarization (“IP”) geophysical surveying, increasing the strike exposure of the know vein occurrences, channel sampling of vein exposures, property-wide prospecting, mapping and geochemical sampling to define new drill targets. A targeted 5,000-8,000 m core drilling program commenced on July 5. The exploration program is expected to run uninterrupted through late fall 2017.


The program has met with early success, including the discovery of an impressive occurrence of visible gold within new exposure 51 m north along the No. 2 vein extension. Where channel sampled, the gold occurs over a 15 cm true width within a 1.4 m wide quartz vein hosted within a 3.2 m wide shear zone.


In addition, preliminary IP results from surveying to the north of the Galena and No. 2 veins indicate that both structures continue for a considerable distance in this direction (southern extension has yet to be surveyed). IP chargeability anomalies have also been detected outside of the known mineralized zones, highlighting the potential for new discoveries. Trenching to further expose the mineralized structures continues and systematic channel sampling is underway.


Visible Gold in 2017 Channel Sample on the No. 2 Vein – assays pending



Steve Roebuck, PGeo — President, CEO and Director


Steve Roebuck is a registered professional geoscientist with over 25 years of international mining and exploration experience. Most recently Roebuck was the President of Scorpio Gold Corp., a 40,000 oz/year gold producer with assets in Nevada. Roebuck has been the VP of Exploration for two publicly listed companies with interests in gold, diamonds, iron ore and base metals. Early in his career Roebuck worked as a mine and exploration geologist at Placer Dome’s Sigma Mine in Val d’Or, QC, Aur Resources’ Bachelor Lake Mine in Desmaraisville, QC, and Royal Oak Mines’ +8 million oz. Giant Mine in Yellowknife, NT.


Fiona Fitzmaurice, BA, ACCA – CFO


Fiona Fitzmaurice is a chartered certified accountant with over 12 years experience in accounting and financial control. Most recently she was the financial controller for Noront Resources Ltd. and was involved in several private placements, prospectus filings, flow-through financings and corporate audits. Prior to joining Noront, Fiona acted as a senior accountant and controller for both private and publicly listed start-up companies. Fiona holds a BA in accounting and finance from the Athlone Institute of Technology in Ireland.


David Hladky, PGeo —VP Exploration and Director


David Hladky is a registered professional geoscientist with over 18 years of international exploration experience. His positions have included Senior Geologist and Project Manager for projects in the Yukon, British Columbia, Argentina and Peru, and most recently he was a Project Manager and Qualified Person on the Morelos Sur and El Barqueno Projects in Mexico, where Cayden Resources was purchased by Agnico Eagle Mines for $205M. Hladky also worked several years with Great Panther Silver in the exploration of its Guanajuato mine and Km 66 project in Mexico.


Christian B. Scovenna — VP Corporate Development and Director


Christian Scovenna has over ten years of experience in capital markets, business development and investor relations. As Managing Director at a boutique firm, Scovenna lead six portfolio companies within the group, raising capital, business development and internal IR for the group. He also spent four years with Frontier Merchant Capital Group as Director & Senior VP of Operations and most recently as Managing Partner with Lions Edge Capital. Over the years, Scovenna has been successful in completing various M&A acquisitions and raising capital.


Brendan Purdy, LLD, JD — Director


Brendan Purdy is a practicing securities lawyer focused on technology and resource issuers. He has extensive experience with respect to public companies, capital markets, reverse takeovers and other facets fundamental to the natural resources sector. Prior to receiving his JD from the common-law section at the University of Ottawa, Purdy completed a Bachelor of Management and Organizational Studies degree from the University of Western Ontario, majoring in finance and administration.


Mark Shore, PhD, PGeo — Technical Advisor


Dr. Mark Shore is a professional geoscientist with 30 years of experience in the mineral exploration field. He earned his BSc from Concordia University, Montreal in 1987 and his PhD from the University of Ottawa in 1996. In 2006, Dr. Shore formed Magma Geosciences Inc. to provide consulting services focused on the acquisition, processing and interpretation of geophysical data and its integration with geology and other geospatial data sets in the business area of discovering and developing mineral deposits.


Rahim Kassim-Lakha — Advisor


Mr. Kassim-Lakha has over 20 years of international capital markets experience and is the founder of Blue Sail Capital Inc., a Toronto-based consulting firm. Rahim has held senior level positions at bank and non-bank brokerage firms and during his extensive career has aided in structuring and funding over US$5 B in capital for private and public companies. Rahim is a graduate of Brown University where he was awarded a dual major in Business Economics and Organisational Management.


John Scott, BSc — Community Relations Advisor


John Scott played for 8 seasons in the National Hockey League and was voted MVP in the 2016 All-Star game. Prior to his professional hockey career, Mr. Scott received a BSc in Mechanical Engineering from the Michigan Technological University in 2005.

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