Antler Gold surrenders non-core claims in central Newfoundland
Antler Gold surrenders non-core claims in
central Newfoundland
HALIFAX
,
Jan. 14, 2019
/CNW/ - Antler Gold Inc. ("
Antler
") (TSXV: ANTL) has announced that after
a strategic review of its total claim holdings and encouraging results from work carried out on its
Wilding Lake,
Noel Paul
,
Cape Ray
and
Crystal Lake
blocks, the Company has elected to surrender
the majority of four non-core blocks known as Intersection,
Victoria Lake
,
Victoria River
and Wilding
Lake East totaling 798 claims and notes it will continue to hold the areas containing historical gold
showings on the Intersection and
Victoria Lake
blocks totaling 19 claims.
Antler continues to hold 40,550 hectares in 50 exploration licenses on its Wilding Lake Project,
central
Newfoundland
and 4,775 hectares in 4 licenses on its Cape Ray Project. The Wilding Lake
project, which was acquired from Altius Minerals Corp. ("Altius") in 2016-2017, covers approximately
95 kilometers of the same structural corridor that hosts Marathon Gold Corp.'s
Valentine Lake
gold
deposits, Matador Mining Ltd.'s
Cape Ray
gold deposits and Sokoman Iron Corp.'s Moosehead gold
project. Three styles of gold mineralization have been identified on the Wilding Lake block: 1) shear-
related quartz vein-hosted represented by the Alder-Taz, Elm-Cedar, Dogberry and Raven zones, all
of which are open and require additional drilling; 2) disseminated gold hosted by feldspar porphyry at
the Red Ochre Complex. The Red Ochre Complex has a distinctive magnetic pattern and extensive
targets remain to be drill tested; and 3) disseminated and quartz-vein hosted gold associated with
the contact zone between Rogerson Lake Conglomerate and gabbro. The gabbro is interpreted to
be the source of a large magnetic anomaly that has only been tested by a single diamond-drill hole.
Antler has also outlined significant Au-in-soil anomalies on both its
Noel Paul
and
Crystal Lake
blocks
that require detailed follow-up.
Dave Evans
, P.Geo., Exploration manager of Antler Gold Inc., is the qualified person as defined by
NI 43-101 guidelines and has reviewed and approved this release.
Cautionary Statements
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/January2019/14/c6747.html
%SEDAR: 00038775E
For further information:
Daniel Whittaker, President and CEO of Antler Gold Inc., at (902) 488-
4700.
CO: Antler Gold Inc.
CNW 18:30e 14-JAN-19