Antler Gold discovers new mineralized zones at the Wilding Lake Gold Project
Friday, Sep 01, 2017
Antler Gold Inc. is pleased to provide an update on its continuing 2017 exploration program that includes the discovery of two new zones of mineralization, as well as new gold-in-soil assay results highlighting numerous prospective gold target areas at its 100% owned Wilding Lake Gold Project ("Project") in central Newfoundland.

A mechanical trenching program commenced on August 15th on the approximately one kilometre long Birch gold-in-soil anomaly previously described in a press release dated July 26th, 2017 (trenching on additional soil trends named Larch, AT and CE will follow). Initial trenching has resulted in the discovery of two new zones of mineralization (Red Ochre and Raven Zones) that are located close to the contact area between the Rogerson Lake conglomerate and felsic volcanic rocks to the south.

Trenching Program – Red Ochre Zone

The Red Ochre Zone is located approximately 900 metres ("m") to the southwest of the Alder Zone and consists of brittle fracture style quartz veins and quartz stockworks hosted by felsic volcanic rock. Sulphide mineralization predominantly occurs as disseminated and fracture fill pyrite stringers. Two initial rock grab samples collected from the discovery trench while excavation was ongoing yielded gold values of 24.0 grams/tonne ("g/t") and 14.3 g/t. Following the initial results, a further three rock grab samples were collected after the trench had been extended and widened. These grab samples returned gold values of 15.2 g/t, 1.9 g/t and 27 parts per billion (ppb). Note that grab samples are selected samples and results are not necessarily indicative of a property's potential and are not necessarily representative of the mineralization hosted on the property. At the time the second group of grab samples were taken, the apparent width of mineralization was approximately 10m and was open in both directions.

Two follow-up parallel trenches located approximately 30m and 60m to the southeast from the discovery trench exposed similar quartz veining and mineralization. In addition, 75m to the southwest of the discovery trench, a single trench uncovered additional quartz veining and mineralization. This trench exposed the mineralization over an interpreted northwest strike length of approximately 20m (zone remains open in both directions) and over an approximate 5m width. Three rock grab samples collected from a mineralized quartz vein yielded gold values of 0.50 g/t, 1.1 g/t and 3.3 g/t. A fourth sample collected from the pyritic felsic volcanic wall rock assayed 0.31 g/t gold. Note that grab samples are selected samples and results are not necessarily indicative of a property's potential and are not necessarily representative of the mineralization hosted on the property.

The till depth within the Red Ochre area is quite deep in places and further work in this general area is required before any conclusions can be made regarding continuity of mineralization, orientation, potential strike length and width, and gold grade.

Trenching Program – Raven Zone

The Raven Zone is located approximately 400m to the northeast of the Red Ochre Zone where trenching exposed a minimum 3.0m wide shear zone with significant quartz veining with pyrite, chalcopyrite and malachite mineralization hosted within the Rogerson Lake conglomerate. Excavation proved difficult due to approximately 4.0m deep till and inflowing ground water, and the full area extent of the veining and mineralization could not be determined. The vein occurs near two gold-in-soil anomalies that returned assays of 185 and 283 ppb located approximately 50m and 75m, respectively down-ice direction of the Raven Zone. Rock grab samples have been collected to be submitted to the laboratory for gold assay.

Soil Sampling Program

In addition to trenching, new final gold assays for 2,276 soil samples have been received. Together with the 2016 and 2017 collected soil samples, Antler has now received a total of 5,105 gold-in-soil sample assays with 635 soil samples currently at the laboratory. The soil survey was designed to extend the sampling completed in 2016 to the northeast and southwest and to date has successfully defined four significant anomalous gold-in-soil areas (Birch, Larch, Alder-Taz (AT) and Cedar-Elm (CE)). The increased soil survey area now covers over 7.0 kilometres of the prospective gold bearing regional structural corridor.

Dan Whittaker, President and CEO of Antler stated: "The discovery of the new mineralized zones within the first seven days of the trenching program underlines the dedicated and skillful work of our geological team and validates the systematic approach we've taken to explore the largely untested structural corridor present on the property. We're looking forward to the fall drill program which will test the multiple targets our team has generated".

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