TSX-V: VEIN | FSE: N071
TORONTO, Dec. 14, 2018 /CNW/ - Enforcer Gold Corp ("Enforcer"
or the "Company") (TSX-V: VEIN; FSE: N071) announces that it is extending the closing of its non-brokered private placement
offering of up to $1.5M and concurrent Red Lake property
acquisition previously announced on October 29, 2018. The anticipated closing date, subject to the
approval by the TSX Venture ("TSX-V"), will be on or around January 18, 2019.
Enforcer, along with operating partner SOQUEM, recently completed the 34-hole 7,645 metre Phase 2 diamond drilling program on
the advanced-stage Roger gold-copper project (see November 27, 2018 press release). The Company is
waiting on assay results from SGS Canada's analytical laboratory in Lakefield, Ontario and will
release them once received and compiled.
About Enforcer Gold Corp
Enforcer Gold Corp is a Canadian-based mineral exploration company and is earning a 50% interest in the royalty-free Roger
project from SOQUEM. Roger hosts the Mop-II gold-copper deposit located 5 km from the historic mining center of Chibougamau, Quebec. The Mop-II contains an Indicated resource of 333,000 contained gold equivalent ounces
(10,900,000 tonnes @ 0.85 g/t) and an Inferred resource of 202,000 contained gold equivalent ounces (6,569,000 tonnes @ 0.75
g/t). Details of the mineral resource estimate are provided in the Company's September 18, 2018
press release and technical report filed on SEDAR. Mineral resources that are not mineral reserves do not have demonstrated
economic viability.
Enforcer also holds a 100% interest in the Waswanipi gold project located 125 km west of
Chibougamau. Both projects are situated within the prolific Abitibi greenstone belt, which has
produced over 180 M oz. of gold and over 450 M tonnes of copper-zinc
ore since the early 1900s.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release contains "forward-looking statements" that are based on expectations, estimates, projections and
interpretations as at the date of this news release. Forward-looking statements are frequently characterized by words such as
"plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or
statements that certain events or conditions "may" or "will" occur, and include, without limitation, statements regarding the
Company's plans with respect to closing of its recently announced private placement and the ability to raise future funds to
finance its ongoing business activities including the acquisition of mineral projects and the exploration and development of its
projects. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Such risks and other factors may include, but are not
limited to, the results of exploration activities; the ability of the Company to complete further exploration activities; the
ability of the Company to complete transactions on terms announced; timing and availability of external financing on acceptable
terms and those risk factors outlined in the Company's Management Discussion and Analysis as filed on SEDAR. Enforcer Gold does
not undertake to update any forward-looking information except in accordance with applicable securities laws.
SOURCE Enforcer Gold
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