Antler Gold Drills Multiple Shallow Intercepts of Gold, Silver and Copper on Central Erongo Project, Central Namibia and Provides Exploration Update
Antler Gold Drills Multiple Shallow Intercepts
of Gold, Silver and Copper on Central Erongo
Project, Central Namibia and Provides
Exploration Update
Halifax, Nova Scotia--(Newsfile Corp. - May 3, 2021) - Antler Gold Inc. (TSXV: ANTL) ("
Antler
") is
pleased to report encouraging drill results from its Central Project and provide an update on exploration
currently underway on the entire Erongo Gold Project.
The following significant results (Table 1) were received from a Reverse Circulation ("RC") hole drilled
on the C1 target (see Figure 1), which covers a nine (9) kilometres portion of the Kranzberg Fault Zone
extending westwards from the Onguati - Brown Mountain - Western Workings prospects. Historical
sampling on the C1 target shows zones of anomalous gold associated with structural features along this
fault zone. Antler has completed nine (9) holes totaling 1,741 metres of broad spaced scout RC drilling
along the northeastern half of this trend.
Table 1: Significant intercepts from drill hole C1L14-4-3.
RC Hole
Au
Ag
Cu
From
To
g/t
Max g/t
From
To
g/t
Max g/t
From
To
%
Max %
C1L14-4-3
12
18
2.85
12.9
10
24
8.05
63.9
6
27
0.45
4.24
34
37
0.18
0.28
31
51
7.74
62.3
30
51
0.76
6.14
43
44
0.15
0.15
47
50
1.45
3.88
57
58
3.35
3.35
57
61
8.53
30.3
56
62
0.51
2.46
71
77
0.24
0.63
67
77
3.67
9.3
67
82
0.30
0.90
81
82
0.09
0.09
80
82
1.2
1.7
100
101
0.08
0.08
97
102
2.14
7.3
96
102
0.21
0.88
108
109
0.23
0.23
108
117
0.94
2.9
109
117
0.11
0.29
129
133
0.28
0.81
124
139
2.83
13.9
121
140
0.26
1.38
Notes:
Azimuth = 300' to 360' Degrees ; Dip = 60' Degrees
True thickness of the mineralization is yet to be determined.
Max g/t or % represents the maximum value obtained from a 1 metre sample within the reported interval.
Dan Whittaker, President and CEO commented, "
We are very encouraged with these initial drill results
and the potential they represent for the Central Project. The results demonstrate the importance of the
Kranzberg Fault Zone as a large scale mineralized structure which is largely unundrilled within the
Project area.
We look forward to immediately continuing drilling in this area, and further to the
southwest where our team has identified additional look-alike targets. This work will further refine our
exploration model and assist our understanding of the mineralization controls in the area.
"
Lithologies intersected in drill hole C1L14-4-3 include dark grey marbles with subordinate lenses of
coarser light grey marbles, psammites and pelites, all from the Karibib Formation of the Swakop Group.
Zones of alteration in the form of ferroan dolomitization are observed more prominently in the dark grey
marble. Mineralization is associated with both foliation parallel and cross-cutting quartz-carbonate veins
and sulphides (pyrite, pyrrhotite and chalcopyrite) developed as disseminated grains, stringers and
small veins, parallel foliation or along fractures, and as quartz vein constituents.
Figure 1: Target areas C1 to C7 within the Central Project.
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The remaining eight (8) holes drilled on target C1 did not produce significant results.
C2 Target and C2 Extension
The C2 target extends over a strike length of 16 kilometres and covers the prospective Karibib / Kuiseb
contact on the northern limb of the syncline that hosts Osino Resources' Twin Hills deposit. A high
resolution heliborne magnetic survey, completed in late 2020, has facilitated the identification of areas
with structural complexity which provide favorable settings for gold mineralization. The company plans to
advance this target to a drill ready stage through its recently completed field work programs which
included ground IP surveying, geological traverse mapping and soil / calcrete traverse sampling. Results
of this recently completed field work are expected shortly and will be interpreted when received. Drill
targets will be defined based on the coincidence of zones of high chargeability (identified from the lP
survey), gossanous/oxidized surface expression of mineralization (as observed during the geological
traverse mapping) and structural complexity (as defined from interpretation of the heliborne high-
resolution magnetic data and geological traverse mapping). An initial 3,000 metres of RC drilling has
been planned with an additional 2,500 metres contingent on positive results.
Western Erongo Gold Project
W1 Target
Nine RC drill holes totaling 1,913 metres of the planned 3,200 metres Phase 1 program were completed
in December 2020 along selected IP survey lines in the vicinity of the Sandamap Shear, identified as
target W1 on the Western Project. This scout drilling program was designed to test a range of IP targets
occurring over a strike length of approximately 3.5 kilometres (see Antler's news release dated
December 2, 2020). Significant results are shown in Table 2 below:
Table 2: Significant Intercepts from W1 RC Drilling.
RC Hole
Au
As
From
To
g/t
Max g/t
From
To
ppm
Max ppm
L15_01
13
20
2.42
10.55
10
25
2,554
>10,000
L15_02
68
76
0.64
1.81
68
80
2,086
>10,000
L11_02
120
123
1.65
3.19
120
122
5,167
>10,000
Notes:
True thickness of the mineralization has not been determined.
Max g/t or ppm represents the maximum value obtained from a 1 metre sample within the reported interval.
Lithologies intersected within drill holes within target W1 consisted of sequences of biotite schist,
pegmatite (quartz-feldspar-mica-tourmaline) and subordinate quartz veins with biotite schist being the
most predominant. In all holes drilled, a 50 to 60 metres oxidized zone was encountered from surface in
which lithologies were weathered to varying degrees and sulphides replaced by iron oxide. Below this
oxidized zone lithologies were relatively unaltered unless affected by hydrothermal alteration and
sulphides - predominantly pyrite with trace arsenopyrite and pyrrhotite. The presence of silicious,
carbonate, clay and sericite alteration were interpreted as indicative of hydrothermal alteration.
Mineralized intercepts are observed to be narrow and contain highly variable gold values.
Antler has also completed a geochemical survey from a detailed soil sampling grid over the Sandamap
East (W1 Target) (see Antler's news release dated November 18, 2020). Gold results are highly variable
and anomalous samples plot as singleton or clusters on or close to the mapped shears or zones of
ferruginization / quartz veining, or associated with IP chargeability anomalies. Anomalous aresenic
results are mostly concentrated to the NW half of the sample lines specifically within the ferruginized
Kuiseb Schists that host the delineated shears.
W2 Target
The company conducted IP surveying and geological traverse mapping over the W2 Target (Hakskeen).
The objective of the program was to delineate drill targets at depth along strike of the historically defined
1.5 kilometres Hakskeen skarniferous zone
.
These data have been incorporated into the historical data
and interpreted. It is clearly evident that the magnetite skarn and associated dolomitization and alteration
coincides with a magnetic and IP anomaly that can be traced for almost 2.5 kilometres (see Figure 2).
The IP data indicate that this anomaly extends to a depth of at least 200 metres. The historical gold-in-
soil anomaly is spatially coincident with this IP anomaly and the shallow (30 metres deep) historical RC
drilling intersected narrow anomalous gold zones. Work to date indicates that W2 represents a
compelling drill target.
Figure 2: Mapped magnetite skarn shown in relation to IP chargeability, ground magnetic and
historical soil sampling anomalies.
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W3 Target
The company has completed regionally spaced soil sample traverses over the W3 target. In total 581, 50
metres spaced, soil samples were collected along 18 traverses spaced at approximately 500 metres
apart. The interpretation of soil sampling results at W3 show gold results to be highly variable with limited
gold-in-soil anomalies being identified. The anomalous samples plot on or close to the targeted NE and
NNE structures delineated in the historical geological mapping. Numerous arsenic-in-soil anomalies are
evident within the Kuiseb Schists that host an increase in mapped NNE structures and could represent a
favourable setting for mineralization. The observed gold and arsenic distributions are interpreted to be
significant and warrant follow-up infill sampling and geological mapping.
QA/QC
Sample assay results have been independently monitored through a quality control/quality assurance
("QA/QC") program including the insertion of blind standards, coarse and fine blanks and pulp duplicate
samples. Logging and sampling of the RC chips were completed at the drill site in the field and sampled
in 1 metre intervals which were transported to the company's secure facility located in the town of
Karibib, central to the Erongo Gold Project. Samples were then batched and securely transported to the
ALS sample preparation facility in Okahandja, Namibia, where they were dried, crushed to 75% -2 mm,
split to 250 g and pulverized to 85% -75 µm. Sample pulps were sent to Johannesburg, South Africa for
analysis. Gold analysis was by 50 g fire assay with AA finish. Pulps also underwent Aqua Regia digest
and multi-element analysis by ICP-AES. Soil samples were batched and sent to Actlabs sample
preparation facility in Windhoek, Namibia where they were dried and sieved to -177 µm. Sample pulps
were sent to Actlabs in Ontario, Canada for analysis. Gold analysis was by 30 g fire assay with ICPOES
finish. Pulps also underwent Aqua Regia digest and multi-element analysis by ICP-OES.
All reported intercepts are apparent widths rounded to the nearest metre. True widths are unknown at
this stage. Total intercepts reported are unconstrained and are at 0.1 g/t cut-off, minimum 1 metre wide
and no more than 1 metre internal dilution.
Qualified Person
Peter Hollick, BSc. (Hons), is a Consulting Geologist at Remote Exploration Services (Pty) Ltd. and has
reviewed and approved the scientific and technical information in this news release. Mr. Hollick is a
registered Professional Natural Scientist with the South African Council for Natural Scientific
Professions (Pr. Sci. Nat. No. 400113/93) and a Qualified Person for the purposes of National
Instrument 43-101.
About Antler Gold Inc.
Antler Gold Inc. (TSXV: ANTL) is a Canadian company, focused on the acquisition and exploration of
gold projects in Namibia. Antler's Erongo Gold Project covers areas of the Navachab-Damara Belt,
which is highly prospective for gold, and shares geologically similarities to the areas containing the
known Namibian Gold mines (QKR's Navachab and B2 Golds' Otjikoto) as well as Osino's recent Twin
Hills discovery. Antler's total license position now comprises five licenses (EPL 5455, 6162, 7261, 6550
and 6408) under option and a further five (EPL 7854, 7930, 7960, 8010 and 8042) under application, for
a total landholding of approximately 85,341ha (853.41km
2
). Antler is currently focusing its efforts on
advancing its Erongo Gold Project, which is located approximately 130 kilometres north-west of
Namibia's capital city Windhoek. Namibia is recognized as one of Africa's most politically stable
jurisdictions, with an extremely well-established national infrastructure. The Company continues to
assess new in country opportunities and expand its Namibian portfolio.
Further details are available on the Company's website at
www.antlergold.com
.
Cautionary Statements
This press release may contain forward-looking information, such as statements regarding the
completion of the work in Namibia by Antler and future plans and objectives of Antler. This information is
based on current expectations and assumptions (including assumptions in connection with the
continuance of the applicable company as a going concern and 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 satisfy the conditions to completion of exploration programmes and work in
Namibia. Actual results may differ materially from results suggested in any forward-looking information.
Antler assumes no 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 applicable securities laws. Additional information identifying risks and uncertainties is
contained in filings made by Antler with Canadian securities regulators, copies of which 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.
For further information, please contact Daniel Whittaker, President and CEO of Antler Gold Inc.,
at (902) 488-4700 or Chris Drysdale, VP at +264 81 220 2439.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/82684