Renforth Nearly Doubles New Alger Property With New Claims Near Cadillac, Quebec
Renforth Resources Inc. (CSE:RFR) (“Renforth” or the “Company”) is pleased to announce that 33 whole or fractional claim units have been staked and 25 whole or fractional claim units acquired, increasing the size of the southern portion of the New Alger Property.
Renforth Resources Inc. (CSE:RFR) (“Renforth” or the “Company”) is pleased to announce that 33 whole or fractional claim units have been staked and 25 whole or fractional claim units acquired, increasing the size of the southern portion of the New Alger Property. These claims cover certain high priority geophysical anomalies and field observations that will require follow-up surveying as interpreted by David Wahl P.Eng, P.Geo, ICD.D, Renforth’s Technical Director and made by Renforth’s geological team. In addition to Mr. Wahl’s recommendation the claims also fit within Renforth’s ongoing re-interpretation of the New Alger Property and the relationship between the area south of the Cadillac Break and the Cadillac Break.
New Alger Property Claim Map Over Mag
“With the acquisition of these claims, Renforth now controls high-priority geophysical and field features that our team considers worthy of follow up. Our findings at the Discovery Vein have prompted a re-evaluation of the Property, securing our land position was the first step, commissioning a detailed geophysical survey is the next step and is already underway” states Nicole Brewster, President and CEO of Renforth.
Map Depicting Claims Acquired
The new staked claims are shown in blue, the newly acquired claims are shown in green. The claims held by Renforth prior to this transaction are shown in orange. The acquisition costs of these claims were staking costs and in the case of the acquired claims the repayment of staking costs.
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.
President and Chief Executive Officer C:416-818-1393
#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.