Drilling Increases Renforth’s Parbec Gold Deposit by 100 Meters Along Strike
Toronto, Ontario – Renforth Resources Inc. (CSE – RFR) (“Renforth” or the “Company”) is pleased to announce that 5 drill holes, totaling 1,269 metres, have been drilled to extend the Parbec deposit. Drill hole PAR-18-77 intersected 1.1 g/t Au over 7.5m, successfully extending the deposit strike by 100 m to the east of the deposit, the first drilling on the eastern end. The deposit strike is now approximately 1,100m, including extensions obtained in recent drilling, with a width of the mineralized package of approximately 150m. The property hosts a minimum of 1,400m of Cadillac Break strike, giving Renforth the ability to extend the mineralization strike with additional drilling.
“We are pleased with the first results from the April drill program, this brings us to 15 holes drilled intersecting significant mineralized widths and/or gold grades at Parbec. Our property is adjacent to the Canadian Malartic Mine, one of Canada’s largest gold mines with a resource grade of 1.1 g/t Au. The location of Parbec, with required infrastructure, road access and numerous potential future development partners all in close proximity, is unique, we look forward to the receipt of assays for our other 4 holes,” states Nicole Brewster, President and CEO of Renforth.
Results have been received for the first hole completed, PAR 18-77, highlights are summarized below.
| DDH | From (m) | To (m) | Width (m) | Au (g/t) | Litho |
| PAR-18-77
or |
16.7 | 17.85 | 1.15 | 1.06 | porph kspar alt |
| 14.2 | 17.85 | 3.65 | 0.45 | ||
| PAR-18-77 | 16.7 | 17.85 | 1.15 | 1.06 | Porph – K spar altered |
| PAR-18-77
or |
102 | 103.5 | 1.5 | 1.08 | Porph kspar alt |
| 100.5 | 103.5 | 3 | 0.61 | ||
| PAR-18-77
or |
126 | 129.1 | 3.1 | 0.61 | magnetic black diabase lenses in porph |
| 128.5 | 129.1 | 0.6 | 1.68 | ||
| PAR-18-77
or |
147.5 | 156.5 | 7.5 | 1.104 | Breccia zone within schist |
| 144.7 | 152 | 4.5 | 1.48 | ||
| PAR-18-77 | 172.8 | 173.5 | 0.7 | 2.99 | silicified, magnetic diorite zone in schist |
| PAR-18-77 | 181.7 | 184.7 | 3 | 1.17 | silicified, magnetic diorite zone in schist |
| PAR-18-77 | 270.8 | 271.8 | 1 | 2.01 | Tuff + Tourmaline Veining |
Samples were taken in the field under the supervision of Mark Wellstead P. Geo, bagged, tagged and personally transported to Bourlamaque Assay Laboratories Ltd. and fire assayed for gold. Widths stated are core lengths, not true widths.
The plan view below illustrates the location of the completed holes, as well as additional proposed holes. In this program Renforth completed its first drilling in the eastern end of the deposit with two holes stepped out along strike, in the western end of the deposit 2 holes were drilled, including a step out to the west. The central hole targets a gap between the #2 and Discovery zones not drilled historically. Each of these holes is targeting extensions of the deposit mineralization.
Renforth awaits results for the other 4 holes and will release these as available.
Plan View of Completed Drilling and Future Proposed Holes
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.
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.