HALIFAX, Oct. 17, 2018 /CNW/ - Antler Gold Inc.
("Antler") (TSXV: ANTL) is pleased to provide an update on
its successful 2018 exploration program within the emerging central
Newfoundland gold camp. Soil
geochemical surveys have identified significant gold-in-soil
anomalies highlighting numerous new prospective gold target areas
on the Noel Paul, Crystal Lake and Cape Ray Blocks on its
Wilding Lake Gold and Regional Projects which lie on the Rogerson
Structural Corridor in Newfoundland.
2018 Summer Program
Exploration focused on reconnaissance soil sampling programs to
define new prospective gold target areas within Antler's district
scale 635 square kilometre land holding. Soil sample surveys have
proven very successful in discovering Antler's previously reported
gold occurrences at the Wilding Lake Block. The 2018 soil surveys
were primarily focused along the regional gold bearing Rogerson
Structural Corridor that is defined by a deep penetrating crustal
fault zone, and targeted potential gold bearing structural breaks
defined from airborne magnetic surveys. Large regional scale
structural corridors or breaks typically can host major gold
deposits, such as the renown Destor-Porcupine Break in Ontario and Quebec.
Antler has identified geological characteristics and gold
targets within it's seven other underexplored gold projects that
cover approximately 140 kilometres of the regional gold bearing
Rogerson Structural Corridor that are similar to those associated
with its Wilding Lake Block. Previously reported results from
Antler's gold occurrences on the Wilding Lake Block include saw-cut
channel sample results of 6.0 grams per tonne ("g/t") over 8.5
metre ("m") at the Alder Zone; 28.8 g/t over 1.0 m and 12.2 g/t over 0.9 m at the Taz Zone; and 101.5 g/t over
0.5 m, 93.1 g/t over 1.3 m and 37.5 g/t over 0.9 m at the Elm Zone.
The Rogerson Structural Corridor also hosts Marathon Gold
Corporation's Valentine Lake
project, with a reported gold resource of 2.13 Million ounces at
1.99 g/t Measured and Indicated and 1.10 Million ounces at 1.99 g/t
Inferred, that is located immediately adjacent to and southwest of
the Wilding Lake Block. In addition, the structural corridor hosts
Matador Mining's Cape Ray gold
deposit and Sokoman Iron's Moosehead Gold Project, with recently
reported high-grade discovery drill assay gold results that include
an intersected mineralized zone that returned 11.90 m at 44.96 g/t.
Gold-In-Soil Sample Results
During the summer 2018 Antler collected a total of 2,817 soil
samples from the Noel Paul Block, 184 soil samples from the Cape
Ray Block and 1,823 soil samples from the Crystal Lake Block.
Noel Paul Block
In 2017 on the Noel Paul Block, an initial 931 gold-in-soil soil
sample survey sampled five separate gold target areas with samples
collected on 50 m spaced grid lines
and 25 m spaced sample sites. Antler
reported that 14 soil sample assay results ranged from 15 parts per
billion ("ppb") to a high of 55 ppb gold ("Au") with ten samples
between 15 ppb and 25 ppb Au, three samples between 25 ppb and 50
ppb Au, and one sample at 55 ppb Au.
In 2018, the soil sample survey on Noel
Paul was expanded with broad sampling of 14 separate target
areas mainly on 200 m spaced grid
lines and 25 m spaced sample sites.
Assay results of interest include sixty samples ranging from 15 ppb
to a high of 633 Au, with thirty-six samples between 15 ppb and 25
ppb Au, thirteen samples between 25 ppb and 50 ppb Au, eight
samples between 50 and 100 ppb Au and three samples from 100 to a
high of 633 ppb Au.
Cape Ray Block
In 2017 on the Cape Ray Block, an initial 233 soil sample survey
was conducted with reported gold-in-soil assay results that ranged
from 15 ppb to a high of 95 ppb Au from 13 soil samples. In 2018
the soil sampling program extended the 2017 survey grids along
strike with assay results ranging from 15 to 78 ppb Au that include
five samples between 15 and 25 ppb Au, two samples between 25 and
50 ppb Au, and one sample of 78 ppb Au. Both 2017 and 2018 soil
sampling programs were completed on wide reconnaissance spaced
grids on 200 m spaced grid lines and
25 m spaced sample sites.
Crystal Lake Block
On the Crystal Lake Block, first pass reconnaissance soil sampling
was completed on 11 separate gold target areas on 200 m spaced grid lines and 25 m spaced sample sites. High-interest assay
results were returned from twenty-eight samples ranging from 15 to
187 ppb Au with twelve samples between 15 and 25 ppb Au, eleven
samples between 25 and 50 ppb Au, three samples between 50 and 100
ppb Au, and two samples of 102 and 187 ppb Au.
Summary
Positive results from the 2017 and 2018 reconnaissance
gold-in-soil sampling surveys on the Noel Paul, Crystal Lake and Cape Ray Blocks have
successfully highlighted numerous new prospective gold target
areas. Management feels that the results are significant to warrant
follow-up soil sampling programs to further define the new
gold-in-soil anomalies for potential future mechanical trenching
and/or drilling programs to locate their potential bedrock
source.
Please visit www.antlergold.com and click on "News Release
October 17, 2018 to view Figure 1:
Antler Gold Newfoundland Property Location Map, Figure 2: Noel Paul
Block Combined 2017 and 2018 Gold-In-Soil Sample Results Map,
Figure 3: Cape Ray Block Combined 2017 and 2018 Gold-In-Soil Sample
Results Map, and Figure 4: Crystal Lake Block 2018 Gold-In-Soil
Sample Results Map.
Quality Control
All 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.
