Antler Gold Exploration Update - Wilding Lake Gold Project, Newfoundland
Antler Gold Exploration Update - Wilding Lake Gold Project,
Newfoundland
HALIFAX
,
May 10, 2018
/CNW/ - Antler Gold Inc. ("Antler") (TSXV: ANTL) is pleased to provide an update on its upcoming summer 2018
exploration program as well as positive gold-in-soil sample results from initial exploration on the Noel Paul block at its Wilding Lake Gold Project,
and on its Regional Projects that include the Victoria Lake, Intersection and
Cape Ray
properties in central
Newfoundland
.
2018 Summer Program.
The summer exploration program, to commence about the second week of June, will consist of detailed and regional soil sampling, prospecting,
mapping and rock sampling. Mechanical trenching and drilling programs are dependent on results and are expected to occur in the fall. Antler's
field exploration team will consist of four geologists and three prospectors.
At Wilding Lake, a systematic exploration program, consisting of ground magnetic and IP geophysical surveys, helicopter-airborne magnetic
surveys, till sampling, and regional and detailed gold-in-soil sample surveys, has resulted in the discovery of six new bedrock gold occurrences in
Q4/16 and two in Q3/17 demonstrating the presence of a strong gold system. Gold has been identified within a number of different geological
settings including, structurally-controlled quartz veins within the Rogerson Lake Conglomerate, structurally-controlled disseminated and stringer
pyrite in altered feldspar porphyry, and within the deformed contact zone between the Rogerson Lake Conglomerate and an underlying gabbroic
unit (geophysical target, not exposed and only tested to date by a single diamond-drill hole).
Gold results at Wilding Lake include saw-cut channel results of 6.0 grams per tonne ("g/t") over 8.5 metre ("m"), 8.7g/t over
6.7m
and 49.3g/t
over
4.6m
at the Alder Zone; 28.8g/t over
1.0 m
, 12.2g/t over
0.9m
and 14.6g/t over
0.65m
at the Taz Zone; and 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
at the Elm Zone described in press release dated
January 24th, 2017
. On
December 13,
2017
, the Company reported on the successful drilling program results that included highlight gold intercepts of 10.01 g/t over
5.35 m
including
49.92 g/t over
0.98 m
from the Elm Zone, and 1.51 g/t over
11.0 m
from the Red Ochre Complex.
As observed at Wilding Lake, similar geological characteristics and gold targets occur within Antler's seven other gold projects that cover
approximately 140 kilometres of a regional gold bearing structural corridor that hosts Marathon Gold Corporation's
Valentine Lake
project, with a
May 1
st
, 2018 reported resource of 2.13 Million Ounce at 1.99 g/t Measured and Indicated and, 1.10 Million Ounce at 1.99 g/t Inferred, that is
located immediately adjacent to and southwest of Wilding Lake, as well as, Benton Resources'
Cape Ray
deposit.
This summers' exploration will entail both detailed and regional gold-in-soil sampling programs that have proven very successful in discovering the
gold occurrences at Wilding Lake. Soil programs will be focused along the regional gold bearing structural corridor and target potential gold
bearing structural breaks defined from the airborne magnetic surveys, and include the Wilding Lake, Noel Paul and
Crystal Lake
blocks to
discover new prospective trenching and drilling targets.
Further drilling programs under consideration at Wilding Lake would include expanding both the Elm and Raven Zones along strike and to depth,
test the Alder Taz Zone with a different drill hole orientation that may better cross-cut and intersect the gold bearing array of sub-vertical
extensional quartz vein sets, continue to expand the Red Ochre Complex feldspar porphyry mineralization and test the associated feldspar
porphyry units that trend for approximately 7 km across the property, and target the gold bearing conglomerate and gabbro contact aureole.
Please visit
www.antlergold.com
and click on "News Release
May 10, 2018
to view Figure 1: Antler Gold Newfoundland Property Map, Figure
2: Wilding Lake Highlight Gold Results Map, Figure 3: Noel Paul Block Soil Results and Sample Target Map, Figure 4: Crystal Lake Block Soil
Sample Target Map and, Figure 5: Wilding Lake Drill Targets Map.
Noel Paul Block (Wilding Lake Project) and Regional Property Soil Program Results.
In late
November 2017
, an initial gold-in-soil soil sample survey was completed on the Noel Paul Block, Wilding Lake Project. The program
consisted of sampling five target areas focusing on potential gold-bearing breaks (structures) of linear magnetic units identified from the 2017
airborne magnetic survey. A total of 931 samples were collected using
50 m
spaced grid lines and
25 m
spaced sample sites. There were 14 soil
samples that ranged from 15 ppb to a high of 55 ppb Au with ten samples between 15 ppb and 25 ppb, three samples between 25 ppb and 50
ppb, and one sample at 55 ppb.
During August and
September 2017
, a helicopter supported reconnaissance exploration program was undertaken on Antler's Regional Properties
that include Victoria Lake, Intersection and
Cape Ray
targeting historical mineralized showings, and the regional gold bearing structural corridor
with soil sample surveys and prospecting. A total of 77 soil samples were collected from the Victoria Lake property, 664 soil samples from the
Intersection property, and 233 soil samples from the
Cape Ray
property. On the Victoria Lake property there were eight soil samples that ranged
from 15 ppb to a high of 48 ppb Au, on the Intersection property there were 18 soil samples that ranged from 15 ppb to a high of 122 ppb Au,
and on the
Cape Ray
property there were 13 soil samples that ranged from 15 ppb to a high of 95 ppb Au.
Management feels that the results from the Noel Paul Block and the Regional Properties warrant follow-up soil sampling programs to further define
the gold-in-soil anomalies, as well as an expanded soil geochemistry and prospecting program on these blocks to generate additional gold targets.
Please visit
www.antlergold.com
and click on "News Release
May 10, 2018
to view Figures 3: Noel Paul Block Soil Sample Results and Target
Map, Figure 6: Victoria Lake Block Soil Sample Results Map, Figure 7: Intersection Block Soil Sample Results Map, and Figure 8: Cape Ray
Block Soil Sample Results Map.
Quality Control
All rock and soil samples were collected by Antler Gold Inc. personnel on site and were dried and 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
("QA/QC") was performed by
Dave Evans
, P.Geo., Regional Manager of Antler Gold Inc. Interpretation of results was performed by
Howard
Bird P.Geo
., Antlers Vice President, 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/May2018/10/c7185.html
%SEDAR: 00038775E
For further information:
Daniel Whittaker, President and CEO of Antler Gold Inc., at (902) 488-4700.
CO: Antler Gold Inc.
CNW 08:30e 10-MAY-18