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Renforth Resources Inc. (CSE:RFR) (“Renforth” or the “Company”) is pleased to announce the completion of the first four drillholes at our resource bearing Parbec Property, which is located contiguous to the Canadian Malartic Mine.
Renforth Resources Inc. (CSE:RFR) (“Renforth” or the “Company”) is pleased to announce the completion of the first four drillholes at our resource bearing Parbec Property, which is located contiguous to the Canadian Malartic Mine. These four holes, with the fifth ongoing, represent Renforth’s first drilling on this exciting, previously un-mined, deposit on the Cadillac Break, in the town of Malartic, Quebec.
Renforth has completed 704m of drilling on this resource bearing deposit in the four holes. Each of the drillholes have intersected the anticipateed lithologies as projected for each hole. All holes have intercepted significant disseminated and stringer pyrite mineralization in association with potassic alteration and quartz vein stockworking. In previously drill programs by prior operators these characteristics have been shown to have an association with the presence of gold. Renforth has taken samples within and around the mineralized zones for assaying, to date 3 batches have been delivered to the lab, after the logging and cutting of the core. Renforth has drilled holes P12, 13, 11, and 10, with drilling presently ongoing on P7 and planned to continue for one week prior to shutting down for Christmas. Assay results, once available, will be publicly disclosed.
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Renforth completed a first closing of the previously announced financing, issuing 890,000 common shares and 1,733,333 flow through shares against the receipt of $148,500. A second closing is planned December 21st.
Mark Wellstead P.Geo, OGQ Special Authorization #388 of Minroc Management is a “qualified person” pursuant to the guidelines of National Instrument 43-101 and has reviewed and approved the technical disclosure in this press release.
Le présent communiqué est disponible en français sur la page web de Renforth.
For further information please contact:
Renforth Resources Inc.
Nicole Brewster
President and Chief Executive Officer
C:416-818-1393
E: nicole@renforthresources.com
#200 – 65 Front St. E, Toronto, ON M5E 1B5
No securities regulatory authority has approved or disapproved of the contents of this news release.
Forward Looking Statements
This news release contains forward-looking statements and information under applicable securities laws. All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as ‘may’, ‘will’, ‘plan’, ‘expect’, ‘believe’, ‘anticipate’, ‘estimate’, ‘intend’ and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability of financing, as described in more detail in the Company’s securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.
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Source: www.fscwire.com