HALIFAX, Jan. 24, 2017 /CNW/ - Antler Gold Inc.
("Antler") (TSX-V: ANTL) is pleased to announce that final
assays have been received from the 2016 fall trenching program at
the Wilding Lake Gold Project (the "Project") in central
Newfoundland. The most recent data
include high grade gold assays from the Elm prospect and
confirmation that portions of the Alder zone are wider than
originally thought. These results further emphasize the potential
of the largely untested structural corridor through the
Project.
Dan Whittaker, President and CEO
of Antler, stated, "These results indicate that the mineralizing
system on the Wilding Lake project is capable of producing both
very high grade gold and significant widths. The showings to date
were discovered in a few short months by prospecting for quartz
float along logging roads. We now have commenced our systematic
exploration program over the remainder of the ground we currently
control and this work will continue through the winter months".
Cedar-Elm (CE) Zone. The CE zone is located
approximately 1.1 kilometers northeast of the Alder-Taz zone and
the high grade assays received indicate the robust gold tenor in
this particular area. The main shear vein, which attains widths of
up to 2.0 metres, yields gold values ranging from 1.0 to 101.5 g/t
Au, averaging 20.6 g/t Au (based on the 22 channels that sampled
the shear vein). Trenching has exposed the vein for approximately
60 metres and it remains open along strike in both directions. The
style of mineralization is very similar to Alder, occurring as a
northeast-striking and moderately to shallowly southeast-dipping
quartz vein within sheared Rogerson Lake Conglomerate. Free coarse
gold is common and occurs in association with chalcopyrite, minor
chalcocite, and locally tourmaline. A trench map is appended to
today's press release, and is available on Antler's website at
www.antlergold.com
Alder-Taz (AT) Zone. Final assays from expanded
trench work at Alder indicates the mineralized shear zone in the
widened Trench 1 now has an expanded apparent width of up to 10.55
metres. Previously reported assays in this trench yielded a
composite saw cut channel sample of 13.8 g/t Au over 4.0
metres. The mineralized zone has been expanded by several
metres in each direction across strike (northwest and southeast)
and revised composite channel samples include:
- 8.7 g/t Au over 6.65 metres (includes 13.8 g/t Au over 4.0
metres)
- 3.9 g/t Au over 6.05 metres
- 6.5 g/t Au over 3.70 metres (includes samples of 19.2 g/t Au
over 0.90 metres).
Trenching at the Alder showing has exposed the mineralized shear
zone over a strike length of 100 meters. The Taz showing is located
125 meters along strike to the southwest of Alder. An updated
trench map is available appended to today's press release and is
available on Antler's website at www.antlergold.com
Dogberry Zone. Grab samples collected from the Dogberry
main vein have returned assay values of 26.8, 55.8 and 78.8 g/t Au.
The mineralization at Dogberry is similar in tenor to channel
sample results previously reported (Press Release dated
January 16, 2017). Late in the fall,
the Dogberry trench was extended and uncovered several narrow
quartz veins containing chalcopyrite within altered conglomerate.
Grab sample results from the veins include 5.6 g/t Au, 15.0 g/t Au
and 27.8 g/t. A 0.5 m channel across a similar vein in the same
area assayed 7.8 g/t Au. Channel sampling of the altered
conglomerate returned insignificant results. An updated trench map
is appended to the version of this press release on Antler's
website at www.antlergold.com
Summary
The Wilding Lake Project encompasses 21,500
hectares and covers greater than 50 kilometres of prospective
strike length following an important regional gold bearing
structural corridor immediately northeast of Marathon Gold
Corporation's Valentine Lake
project. The Project hosts multiple occurrences of newly
discovered high grade gold mineralization within shear-related
quartz veins in an area that has not previously been systematically
explored for gold. Antler has the option to acquire the Project
from Altius and Altius will be the operator of the Project during
the option period. The 2017 winter exploration program has
commenced with ground magnetic and IP-resistivity geophysical
surveys over the new gold occurrences, and an airborne triaxial
magnetic geophysical survey will commence in early February
covering the entire Project at a 75 metre line spacing.
Quality Control
Channel sample results are not necessarily indicative of a
property's potential. The mineralized zone width is reported as
'apparent' as drilling is ultimately required to enable true width
determination. Assays are uncut. All samples were collected
by Altius personnel on site, sealed in bags and kept in a secure
facility before shipping to the ALS Minerals laboratory in
Sudbury, Ontario. Gold was
analyzed by 50 g fire assay with ICP-AES or gravimetric finish for
assays greater than 10 g/t gold. Exploration program design
and field management, Quality Assurance/Quality Control and
interpretation of results were performed by Jeff Morgan, P.Geo., Exploration Manager for
Altius Resources Inc., and Dave
Evans, P.Geo., Silvertip Exploration Consultants Inc.,
qualified persons employing a QA/QC program consistent with
industry best practices. Duplicate samples, blind standards and
blanks were regularly submitted as part of the QA/QC program. Gold
assay data were verified by checking the original laboratory assay
certificates. Altius personnel are not aware of any sampling,
recovery or other factors that could materially affect the accuracy
or reliability of the data.
Howard Bird, P.Geo., Director of
Antler Gold Inc., is the qualified person as defined by NI 43-101
guidelines responsible for the technical data presented herein and
has reviewed and approved this release.
Cautionary Statements
This press release may contain forward-looking information, such
as statements regarding Antler's the 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.
