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Renforth Resources (CSE:RFR) announces that Eagle Geophysics, of La Sarre Quebec, will fly a tightly spaced heli-mag survey over Parbec to acquire detailed data to aid in ongoing deposit interpretation.
Renforth Resources (CSE:RFR) announces that Eagle Geophysics, of La Sarre Quebec, will fly a tightly spaced heli-mag survey over Parbec to acquire detailed data to aid in ongoing deposit interpretation. This survey will be ~125 flown line km. at 25m line spacing, better than available single mag channel geophysics flown at 100m line spacing. Eagle Geophysics uses their proprietary White Eagle Quadri-MAG high precision airborne equipment, the ultra-wide horizontal and vertical gradient allows the mapping of subtle changes in rock properties, a greater level of detail than existing geophysics. This is required to better constrain the 3d modelling of the various lithologies and allow the use of AI/predictive geology at the deposit and property scale.
Prospecting and Relogging Completed (Parbec)
Prospecting completed at Parbec successfully located outcrop south of the Cadillac Break, several of which contained quartz veining, grab and channel samples were taken. Samples have been submitted for assay. In addition the crew has relogged certain unsampled core from 2010 Savant drilling at Parbec which may have intersected the newly identified magnetic diorite body, samples were selected and submitted for assay.
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Quartz-tourmaline veins were found in outcrops of a strongly magnetic diorite; the vein walls are silicified and carry coarse pyrite. Numerous veins were identified in outcrop in two areas, while a third area contains mineralized vein float, interpreted to be from a very local source. Two of these locations lie outside the Parbec drilling envelope, while the veins in the third location have a cross-cutting habit which would not have been picked up by historic drilling. Channel samples were taken from the two outcrop locations and grab samples were taken from the float location.
Several other sets of quartz veining within diorites, “leucodiorites” and sediments were also discovered and were all sampled. Another notable find is a series of historic trenches that expose mineralized porphyry units; these may be on strike of the main Parbec zones and lie well beyond any drilling.
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The technical information in this press release was reviewed and approved by Francis Newton P.Geo and Mark Wellstead P.Geo, both meeting the requirements of “qualified person” pursuant to 43-101.
Renforth has issued 3,550,000 options to Directors and consultants of the Company exercisable at 5 cents for a period of five years and cancelled 1,675,000 options.
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