EXPLORATION & DEVELOPMENT

Enforcer looks to rediscover Montalembert spark

Canadian exploration minnow says more drilling to come

Staff reporter

This article is 6 years old. Images might not display.

President and CEO Steve Roebuck said this week the 18 core holes (for 1,749m) drilled on OR79 in February-March this year confirmed two north-south trending mineralised corridors defined by the presence of multiple 0.3-1m-wide mineralised intersections grading up to 5.09 grams per tonne gold over 0.65m.

Enforcer reported the mineralised intersections were primarily hosted in weakly to strongly sheared gabbro accompanied by quartz veining and/or 1-15% sulphides (mainly pyrite and pyrrhotite and trace chalcopyrite, sphalerite and molybdenite).

The company said a follow-up program was "under consideration and may include drill testing at depth below the current vertical reach of 75m".

"OR79 is a new gold occurrence on the Montalembert property discovered by our prospecting team in 2017," Roebuck said.

"We followed up with an IP survey to better define drill targets and were highly encouraged with the results that showed a prominent high chargeability and resistivity anomaly over the discovery area and a second IP anomaly further to the east.

"We've now completed a successful first-pass drill testing of the area, which has confirmed two distinct corridors with numerous mineralized horizons that trend sub-parallel to the Galena-No. 2 veins located 1-1.5km to the east."

Enforcer hit C8c intra-day Thursday before finishing the day down 7.14% at 6.5c. The C$4.19 million market-cap company was trading at 23c last May.

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.