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.