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Renforth Resources Inc. (CSE:RFR) (“Renforth” or the “Company”) is pleased to announce the following results from the 1619 metre January 2018 drill program on Parbec.
Renforth Resources Inc. (CSE:RFR) (“Renforth” or the “Company”) is pleased to announce the following results from the 1619 metre January 2018 drill program on Parbec. Each of the 7 holes drilled in January 2018 returned gold values, including the longest two intersections obtained by Renforth to date where PAR-18-73 averaged 1.44 g/t Au over a length of 32.6 metres, and PAR-18-74 which graded 1.23 g/t Au over 33.2 metres.
In total Renforth has drilled 2,884m at Parbec in the December and January programs, and now reported results from each of the 14 holes drilled, with gold intersections being reported outside of the 43-101 resource envelope in all 14 holes.
Parbec Partridge Zone Discovery and Camp Zone Drilling
To view the graphic in its original size, please click here
Renforth is currently planning its’ next drill program at Parbec that will focus on deeper testing of the “Partridge Zone” discovery. The Parbec deposit hosts a maiden gold resource which exceeds 500,000 ounces of gold (inferred and indicated, see below), has never been mined, and is on strike and contiguous to the East Amphi Mine portion of the Canadian Malartic Mine property. The maiden resource at Parbec extends from surface to a vertical depth of 275m and only covers approximately half of the 1.6 km strike of Cadillac Break on the Parbec Property. Recent work has proven gold mineralization similar to that of the resource extends over the previously untested NW portion of the Cadillac Break on the property, to a maximum depth in the west of 124m vertical depth. Parbec’s deepest gold intersection is at a vertical depth of 738m where 0.96 g/t over 1.5m was intersected in PAR-08-03.
| Hole # | From | To | Length | Au g/t |
| PAR-18-70 | 58.8 | 60.3 | 1.5 | 1.87 |
| PAR-18-70 | 75.6 | 76.1 | 0.5 | 2.44 |
| PAR-18-70 | 88.3 | 102.4 | 14.1 | 1.26 |
| including | 88.3 | 91.3 | 3 | 2.74 |
| *including | 89.5 | 90.5 | 1 | 6.42 |
| including | 99.7 | 102.4 | 2.7 | 2.1 |
| PAR-18-70 | 114.3 | 118 | 3.7 | 3.16 |
| including | 114.3 | 115.3 | 1 | 6.84 |
| PAR-18-70 | 152.5 | 157.5 | 5 | 1.48 |
| PAR-18-70 | 163 | 164.2 | 1.2 | 2.95 |
| PAR-18-71 | 15.5 | 17.6 | 2.1 | 4.06 |
| including | 15.5 | 16.5 | 1 | 8.34 |
| PAR-18-71 | 27 | 29 | 2 | 0.99 |
| PAR-18-71 | 39 | 41 | 2 | 0.62 |
| PAR-18-72 | 8.3 | 12.5 | 4.2 | 2.53 |
| including | 11.25 | 12.5 | 1.25 | 6.3 |
| PAR-18-72 | 21 | 33.5 | 12.5 | 1.05 |
| including | 21 | 28.6 | 7.6 | 1.6 |
| including | 21 | 25 | 4 | 2.54 |
| PAR-18-72 | 88.3 | 90 | 1.7 | 0.76 |
| PAR-18-73 | 78.8 | 80 | 1.2 | 1.29 |
| PAR-18-73 | 142.4 | 175 | 32.6 | 1.44 |
| including | 158 | 162 | 4 | 2.02 |
| including | 169 | 175 | 6 | 1.83 |
| including | 170 | 175 | 5 | 2.06 |
| PAR-18-74 | 117.3 | 150.5 | 33.2 | 1.23 |
| including | 117.3 | 124 | 6.7 | 1.48 |
| including | 140 | 150.5 | 10.5 | 2.46 |
| PAR-18-75 | 85.4 | 86.6 | 1.2 | 0.53 |
| PAR-18-75 | 211 | 211.8 | 0.8 | 0.63 |
| PAR-18-76 | 144 | 148.5 | 4.5 | 2.383 |
| including | 144 | 145.5 | 1.5 | 6.12 |
| Par-18-76 | 265.3 | 267.3 | 2 | 1.06 |
| including | 265.3 | 266.4 | 1.1 | 1.48 |
| PAR-18-76 | 373.2 | 374.5 | 2.5 | 0.742 |
| including | 373.2 | 374.5 | 1.3 | 1.02 |
“We are pleased to extend the strike of the mineralized zones used in the Parbec 43-101 resource with our recent drilling as we step out to the west and drill deeper. We look forward to our next Parbec drill program where we will continue to develop this discovery of strike continuity in the western portion of the property, hopefully continuing our trend of adding gold ounces with each hole drilled” states Nicole Brewster, President and CEO of Renforth.
Renforth will be exhibiting on Tuesday March 6 and Wednesday March 7 2018 at the Prospectors and Developers Association of Canada (PDAC) annual convention in booth #2223B where we will have examples of drillcore from Parbec, New Alger and channel sample material from the Discovery Veins at New Alger, all of which you are welcome to come and see.
To view the graphic in its original size, please click here
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
