Antler Gold commences 2,500 metre drill program and significantly extends high-grade Elm gold zone at the Wilding Lake Gold Project, Newfoundland
Antler Gold commences 2,500 metre drill program and
significantly extends high-grade Elm gold zone at the Wilding
Lake Gold Project, Newfoundland
HALIFAX
,
Oct. 4, 2017
/CNW/ - Antler Gold Inc. ("
Antler
") (TSX-V: ANTL) is pleased to announce that the minimum 2,500 metre ("m") drill
program has commenced at the Wilding Lake Gold Project in central
Newfoundland
. In addition, mechanical trenching has resulted in extending
the high-grade gold Elm zone to approximately 165m in strike length (zone remains open in both directions) and initial significant gold assay results
from the Raven Zone were returned.
Drilling Program
A minimum 2,500m core drilling program commenced on
October 4
th
to evaluate a total of fifteen targets. Eight targets are gold occurrences
discovered in 2016 and 2017 from systematic grassroots exploration programs and seven are selected priority geophysical targets. The gold
occurrences to be drilled include the newly discovered Raven Zone and the Red Ochre Complex and the 2016 discovery zones; Alder, Taz, Elm,
Cedar, Birch and Dogberry. All occurrences demonstrate a strong gold system producing high grade and significant widths that include:
Raven Zone: Four initial rock grab samples returned assay values of 273.8 grams/tonne ("g/t"), 15.4g/t, 13.6g/t and 3.5g/t
Red Ochre Complex: Five Initial rock grab samples yielded assay values of 24.0g/t, 15.2g/t, 14.3g/t, 1.9g/t and 27 parts per billion (ppb)
Alder Zone: 6.0g/t over 8.5m, 8.7g/t over 6.7m and 49.3g/t over 4.6m
Taz Zone
: 28.8g/t over 1.0m, 12.2g/t over 0.9m and 14.6g/t over 0.65m
Elm Zone: 101.5g/t over 0.5m, 93.1g/t over 1.3m, 37.5g/t over 0.9m and 18.0g/t over 1.2m
Note that rock grab samples are selected samples and results are not necessarily indicative of the mineralization hosted on or the potential of the
property.
For a map showing the location of the gold occurrence targets in the drilling program, please visit
www.antlergold.com
and click on "News
Release
October 4
th
, 2017".
Trenching Program Update
The mechanical trenching program that commenced on
August 15
th
continues and most recently has resulted in extending the Elm zone strike
length to approximately 165m from 60m (zone remains open in both directions along strike). Earlier trenching resulted in the discovery of two new
gold occurrences (the Red Ochre Complex and Raven Zone) in August and previously described in a press release dated
August 30
th
, 2017.
Elm Zone
The eastern extension of the Elm zone was discovered by recent trenching extending the strike length to approximately 165m. The Elm zone
remains open along strike in both directions and trenching is continuing to open up the zone along strike. The quartz vein system attains a width of
up to 3m in the extended trenched area with visible gold noted in outcrop. The Elm zone quartz vein system is hosted within intensely sheared
Rogerson Lake conglomerate with chalcopyrite and malachite mineralization. Saw-cut rock channel assay results from the original Elm zone
discovery described previously in press release dated
January 24
th
, 2017 returned high-grade gold values ranging from 1.0 to 101.5 g/t Au, with a
weighted average of 20.6 g/t Au (based on the 22 channels) that sampled the laminated quartz vein that attains a width up to 2.0m in this area.
Raven Zone
The Raven Zone is located approximately 600m southwest of the Alder Zone where trenching exposed a minimum 3.0m wide shear zone with
significant quartz veining with pyrite, chalcopyrite and malachite mineralization hosted within the Rogerson Lake conglomerate. Four rock grab
samples yielded gold assay values of 273.8g/t, 15.4g/t, 13.6g/t, and 3.5g/t. Note that grab samples are selected samples and results are not
necessarily representative of the mineralization hosted on or indicative of a property's potential.
Red Ochre
Complex
The Red Ochre Complex is located approximately 400m to the southwest of the Raven Zone and consists of brittle fracture style quartz veins and
quartz stockworks hosted by felsic volcanic rock. Sulphide mineralization predominantly occurs as disseminated and fracture fill pyrite stringers.
Anomalous gold mineralization in rock occurs over an extensive area that is peripheral to the contact area of a regional linear magnetic high unit that
trends across the property in a northeast direction. This unit is a significant property wide gold target for further focussed exploration. Elevated
gold grades occur where cross-cutting deformation structures cross the linear magnetic high unit where initial rock grab sample gold grades
returned 24.0g/t, 15.2g/t, 14.3g/t, 1.9 g/t and 27 parts per billion (ppb), and previously described in a press release dated
August 30
th
, 2017.
Note that rock grab samples are selected samples and results are not necessarily indicative of the mineralization hosted on or the potential of the
property.
The till depth within the Red Ochre Complex area is quite deep in places and further work that includes the ongoing channel sampling and drilling
programs in this general area is required before any conclusions can be made regarding continuity of mineralization, orientation, potential strike
length and width, and gold grade.
About Antler Gold Inc.
Antler Gold Inc. currently controls seven projects totalling approximately 634.5 square kilometres and 140 kilometres of prospective strike length
following an important regional gold bearing structural corridor that runs for roughly 300 kilometres diagonally across
Newfoundland
and hosts
Antler's gold occurrences, Marathon Gold Corporation's
Valentine Lake
project that is located immediately adjacent to and southwest of the
Project, as well as Benton Resources'
Cape Ray
deposit. Work by Antler and others to date indicate that the mineralizing system along this trend,
and specifically on the Wilding Lake project, is capable of producing both high grade gold and significant widths. Gold mineralization occurs within
shear-related orogenic style quartz veins and quartz stockwork underneath shallow overburden in an area that has not previously been
systematically explored for gold.
Quality Control
All rock samples were collected by Antler Gold Inc. personnel on site and were stored at Antler's secure facility located in
Millertown,
Newfoundland
. Samples were sealed in bags and transported by Antler personnel to the Eastern Analytical Inc. laboratory in
Springdale,
Newfoundland
. Gold was analyzed by 30g fire assay with AA-finish. Field management and Quality Assurance/Quality Control was performed by
Dave Evans
, P.Geo., Regional Manager of Antler Gold Inc., and
Spencer Vatcher
, P.Geo., Silvertip Exploration Consultants Inc. Interpretation of
results was performed by
Howard Bird P.Geo
., Antlers VP, Exploration and
Dave Evans
, P.Geo. Antler Gold employs a QA/QC program
consistent with NI 43-101 and industry best practices.
Howard Bird
, P.Geo., Vice President, Exploration of Antler Gold Inc., is the qualified person as defined by NI 43-101 guidelines and has
reviewed and approved this release.
Cautionary Statements
This press release may contain forward-looking information, such as statements regarding Antler's planned work program for the Project. This
information is based on current expectations and assumptions (including assumptions relating to general economic and market conditions) that are
subject to significant risks and uncertainties that are difficult to predict, including risks relating to the ability to complete the work program in the
expected timeframe, adverse weather and other conditions affecting work programs at the Project. Actual results may differ materially from results
suggested in any forward-looking information. Antler does not assume any obligation to update forward-looking information in this release, or to
update the reasons why actual results could differ from those reflected in the forward-looking information unless and until required by securities
laws applicable to Antler. Additional information identifying risks and uncertainties is contained in the filings made by Antler with Canadian
securities regulators, which filings are available at
www.sedar.com
.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE
Antler Gold Inc.
View original content: http://www.newswire.ca/en/releases/archive/October2017/04/c5101.html
%SEDAR: 00038775E
For further information:
please contact Daniel Whittaker, President and CEO of Antler Gold Inc., at (902) 488-4700.
CO: Antler Gold Inc.
CNW 10:10e 04-OCT-17