RENFORTH SUCCESSFULLY COMPLETES INITIAL DRILL HOLE AT PARBEC
2018-12-04 14:45 ET – News Release – Renforth Resources Inc. (RFR – CSE) held its annual general meeting on Friday, Nov. 30, 2018, with 33 per cent of outstanding shares voted in the meeting and as recommended by management.
Drilling update
Renforth Resources has completed and commenced the following drill holes in the current Parbec drill program.
PAR-18-88 (4975-T-B) was drilled to a length of 161.4 metres in front of PAR-18-84 and behind PAR-17-69. Previous press released zones in PAR-18-84 included 9.45 metres of 4.66 grams per tonne gold. Previous press released zones in PAR-17-69 included 2.4 metres of 1.03 grams per tonne gold and 9.7 metres of 0.81 gram per tonne gold. PAR-18-88 was drilled to infill between the holes and extend continuity of mineralization. Visual examination of the core shows that mineralized zones were intersected where anticipated. The core will be cut and delivered to the lab for assay. Positive assay results will not only have an accretive effect on the model at Parbec, as this hole is relatively shallow, but they will also bolster the open-pit hypothesis.
PAR-18-89 (5000-T-A) was anticipated to be a length of 150 metres. This hole is in front of PAR-18-70 and PAR-18-85. Previous press released zones in PAR-18-70 included 14.1 metres of 1.26 grams per tonne gold and 3.7 metres of 3.16 grams per tonne gold. Previous press released zones for PAR-18-85 included 10.8 metres of 1.69 grams per tonne gold Au. As of this morning, the drill hole was at 102 metres length.
Technical information in this press release has been reviewed and approved by Brian Newton, PGeo, a qualified person pursuant to the guidelines of National Instrument 43-101.