Antler Gold Exploration Update - Wilding Lake Gold Project, Newfoundland

HALIFAX, May 10, 2018 /CNW/ - Antler Gold Inc. ("Antler") (TSXV: ANTL) is pleased to provide an update on its upcoming summer 2018 exploration program as well as positive gold-in-soil sample results from initial exploration on the Noel Paul block at its Wilding Lake Gold Project, and on its Regional Projects that include the Victoria Lake, Intersection and Cape Ray properties in central Newfoundland.

2018 Summer Program. 

The summer exploration program, to commence about the second week of June, will consist of detailed and regional soil sampling, prospecting, mapping and rock sampling. Mechanical trenching and drilling programs are dependent on results and are expected to occur in the fall. Antler's field exploration team will consist of four geologists and three prospectors.

At Wilding Lake, a systematic exploration program, consisting of ground magnetic and IP geophysical surveys, helicopter-airborne magnetic surveys, till sampling, and regional and detailed gold-in-soil sample surveys, has resulted in the discovery of six new bedrock gold occurrences in Q4/16 and two in Q3/17 demonstrating the presence of a strong gold system. Gold has been identified within a number of different geological settings including, structurally-controlled quartz veins within the Rogerson Lake Conglomerate, structurally-controlled disseminated and stringer pyrite in altered feldspar porphyry, and within the deformed contact zone between the Rogerson Lake Conglomerate and an underlying gabbroic unit (geophysical target, not exposed and only tested to date by a single diamond-drill hole).

Gold results at Wilding Lake include saw-cut channel results of 6.0 grams per tonne ("g/t") over 8.5 metre ("m"), 8.7g/t over 6.7m and 49.3g/t over 4.6m at the Alder Zone;  28.8g/t over 1.0 m, 12.2g/t over 0.9m and 14.6g/t over 0.65m at the Taz Zone; and 101.5g/t over 0.5m, 93.1g/t over 1.3m, 37.5g/t over 0.9m and 18.0g/t over 1.2m at the Elm Zone described in press release dated January 24th, 2017. On December 13, 2017, the Company reported on the successful drilling program results that included highlight gold intercepts of 10.01 g/t over 5.35 m including 49.92 g/t over 0.98 m from the Elm Zone, and 1.51 g/t over 11.0 m from the Red Ochre Complex.

As observed at Wilding Lake, similar geological characteristics and gold targets occur within Antler's seven other gold projects that cover approximately 140 kilometres of a regional gold bearing structural corridor that hosts Marathon Gold Corp.'s Valentine Lake project, with a May 1^st, 2018 reported resource of 2.13 Million Ounce at 1.99 g/t Measured and Indicated and, 1.10 Million Ounce at 1.99 g/t Inferred, that is located immediately adjacent to and southwest of Wilding Lake, as well as, Benton Resources' Cape Ray deposit.

This summers' exploration will entail both detailed and regional gold-in-soil sampling programs that have proven very successful in discovering the gold occurrences at Wilding Lake. Soil programs will be focused along the regional gold bearing structural corridor and target potential gold bearing structural breaks defined from the airborne magnetic surveys, and include the Wilding Lake, Noel Paul and Crystal Lake blocks to discover new prospective trenching and drilling targets.

Further drilling programs under consideration at Wilding Lake  would include expanding both the Elm and Raven Zones along strike and to depth, test the Alder Taz Zone with a different drill hole orientation that may better cross-cut and intersect the gold bearing array of sub-vertical extensional quartz vein sets, continue to expand the Red Ochre Complex feldspar porphyry mineralization and test the associated feldspar porphyry units that trend for approximately 7 km across the property, and target the gold bearing conglomerate and gabbro contact aureole.

Please visit www.antlergold.com and click on "News Release May 10, 2018 to view Figure 1: Antler Gold Newfoundland Property Map, Figure 2: Wilding Lake Highlight Gold Results Map, Figure 3: Noel Paul Block Soil Results and Sample Target Map, Figure 4: Crystal Lake Block Soil Sample Target Map and, Figure 5: Wilding Lake Drill Targets Map.

Noel Paul Block (Wilding Lake Project) and Regional Property Soil Program Results. 

In late November 2017, an initial gold-in-soil soil sample survey was completed on the Noel Paul Block, Wilding Lake Project. The program consisted of sampling five target areas focusing on potential gold-bearing breaks (structures) of linear magnetic units identified from the 2017 airborne magnetic survey. A total of 931 samples were collected using 50 m spaced grid lines and 25 m spaced sample sites. There were 14 soil samples that ranged from 15 ppb to a high of 55 ppb Au with ten samples between 15 ppb and 25 ppb, three samples between 25 ppb and 50 ppb, and one sample at 55 ppb.

During August and September 2017, a helicopter supported reconnaissance exploration program was undertaken on Antler's Regional Properties that include Victoria Lake, Intersection and Cape Ray targeting historical mineralized showings, and the regional gold bearing structural corridor with soil sample surveys and prospecting. A total of 77 soil samples were collected from the Victoria Lake property, 664 soil samples from the Intersection property, and 233 soil samples from the Cape Ray property. On the Victoria Lake property there were eight soil samples that ranged from 15 ppb to a high of 48 ppb Au, on the Intersection property there were 18 soil samples that ranged from 15 ppb to a high of 122 ppb Au, and on the Cape Ray property there were 13 soil samples that ranged from 15 ppb to a high of 95 ppb Au.

Management feels that the results from the Noel Paul Block and the Regional Properties warrant follow-up soil sampling programs to further define the gold-in-soil anomalies, as well as an expanded soil geochemistry and prospecting program on these blocks to generate additional gold targets.

Please visit www.antlergold.com and click on "News Release May 10, 2018 to view Figures 3: Noel Paul Block Soil Sample Results and Target Map, Figure 6: Victoria Lake Block Soil Sample Results Map, Figure 7: Intersection Block Soil Sample Results Map, and Figure 8: Cape Ray Block Soil Sample Results Map.

Quality Control

All rock and 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.