Enforcer Gold Corp (TSX-V VEIN) is a mining company engaged in the acquisition, exploration and development of mineral properties located in Quebec, Canada. The company’s key project is the Montalembert Gold Property, situated 230km from Val d’Or and 125km from Chibougamau.
There are 3 key reasons why we like Enforcer Gold:
- High grade samples
- Project located in top 10 jurisdictions worldwide for mining attractiveness
- Management team has strong technical backgrounds
High Grade Samples
The company’s Montalembert Gold Property features an extensive 7,293 hectare land package and has produced some high grade drill results along two veins: the “Galena” vein and the “No.2” vein. Here are the most recent drill highlights exhibited by these veins:
- Galena vein (2016 sample) – 510.79 g/t (14.92 oz/T) Gold over 1.0 m
- 2 vein (2017 sample) – 3,310 g/t (96.65 oz/T) Gold over 1.0 m
Additionally, the project is situated in the world-class Abitibi Greenstone Belt (“AGB”), which has produced over 180,000,000 oz. of gold since the early 1900s. Refer to the map below for the most popular mining regions along the AGB including Timmins and Val D’or.
Project Located in Top 10 Jurisdictions Worldwide for Mining Attractiveness
The Montalembert Gold Property is located in the mining-friendly province of Quebec and is ranked as one of the top ten jurisdictions worldwide for mining investment attractiveness.
According to the Fraser Institute, Quebec is ranked so highly due to the following factors:
- Administration of current regulations
- Environmental regulations
- Legal system and taxation regime
- Good infrastructure
- Socioeconomic and community development conditions
- Labor regulations
- Quality of the geological database
- Labor and skills availability
Quebec’s refundable tax credit mechanism for mining exploration companies is one of the best globally. Under the province’s current taxation system, exploration companies receive up to 45% of eligible expenses to flow back.
Currently, Québec is investing in mining infrastructure as part of its 20-year plan known as “Plan Nord” to jumpstart development in this space. Energy and Natural Resources Minister Pierre Arcand said the province will spend $1.3 billion on infrastructure and job training in the first five years (2015/20) of Plan Nord to assist the private sector in making commitments. Under Plan Nord, the province will deliver electricity, roads, rail lines, ports, airports, schools, hospitals and thousands of mining jobs to the vast area north of Québec’s 49th parallel, while generating billions in royalties and taxes.
Management team has strong technical backgrounds
CEO – Steve Roebuck
Steve Roebuck is a registered professional geoscientist with over 25 years of international mining and exploration experience. Most recently he was the President of Scorpio Gold Corp., a 40,000 oz/year gold producer with assets in Nevada.
David Hladky – Director
David Hladky is a registered professional geoscientist with over 18 years of international exploration experience. Most recently he was a Project Manager for Cayden Resources on the Morelos Sur and El Barqueno Projects prior to being acquired by Agnico Eagle for $205 million.
What to expect in 2018
It’s been a busy 2017 for Enforcer Gold with successful exploration programs and positive drill results. Once all results from the 2017 program are received and released, the company’s plan is to engage a full compilation and review of the substantial amount of data collected, and start planning for a follow-up program.
CEO Steve Roebuck fully expects this to include continued testing along the No. 2 Vein as well as follow-up on previously discovered targets.
There are no secrets or special insight required to profit from junior mining companies like Enforcer Gold. The only requirements are due diligence and patience. The key is to gather all relevant background information and then, once a target is acquired, get in at the “right time”.
With so many positive drill results, and a technically strong CEO, Enforcer Gold might be a gold company to take a further look at.
Fortune Favours the Bold