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 1st, 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.