New Gold Discovery at Parbec

2017-07-12 / @fscwire

 

New Gold Discovery at Parbec



Toronto, Ontario (FSCwire) - Renforth Resources Inc. (CSE: RFR) ("Renforth" or the "Company") is pleased to announce that a new gold discovery has been made at Parbec, located within the Piche volcanics, approximately 200m north of, and separate from, the existing mineral resource.

This discovery was made early in the 2017 prospecting and trenching program recently commenced at Parbec, whereby the field geologists found an area of approximately 70 by 170m of high ground surrounded by swamp and open water during a prospecting traverse. This area was found to host several historic undocumented trenches and a small pit, the "Island Trenches".3 grab samples were taken and a small channel cut at this location. Grab samples from the pit area returned 9.60 g/t Au and 3.69 g/t Au, one sample from a nearby trench returned 2.12 g/t Au, the small channel next to the pit returned gold anomalous results. Grab samples are selective samples and are not necessarily representative of the mineralization hosted on the property. Due to these positive assay results the Island Trenches will be the focus of additional work later in this program.In addition to this discovery, visually similar material was also discovered at "Deerfly Ridge", located 300m northeast of the Island Trenches in the northern sector of the Piche Volcanics. Two initial grab samples and two channel samples have been taken from this location.Mineralization at both the Island Trenches and Deerfly Ridge have been observed in the field within the Piche volcanic group to be trending parralel to the known Cadillac Break mineralization.To date there has been no systematic exploration in the Piche volcanics, with a small number of sparsely spaced drillholes and no surface exploration for which records are available. Historically, prior to Renforth's exploration efforts, the focus at Parbec was on the tuff mineralization located in 3 zones over approximately 800m of the 1.6km NW/SE strike of the Cadillac Break on the property.Historic drilling was from the south side of the tuff horizon to the north, terminating once the Piche volcanics were encountered.The focus of the current prospecting and trenching program at Parbec is the unexplored NW and SE portions of the Cadillac Break on the property, as well as the unexplored area between the known resource and the contact of the Piche volcanics with the Cadillac sediments in the far north of the property.

"Renforth is thrilled with this new discovery at Parbec.To date we have delivered a maiden resource over only a portion of our un-mined 1.6km of the Cadillac Break at Parbec, this resource determined that gold is hosted in more rock types than previously thought.Now, with this discovery and the geologist's field observations, we are again revealing a new facet to Parbec, we have found previously unexplored mineralization within the Piche volcanics, these are exciting days of boots on the ground exploration success" states Nicole Brewster, President and CEO of Renforth.

Samples referred to in this press release were taken in the field by Mark Wellstead P.Geo, OGQ Special Authorization #388, sealed, secured and personally transported to the facilities of Bourlemaque Assay Laboratories Ltdof Val d'Or, Quebec where the samples were fire assayed for gold.

Mark Wellstead P.Geo, of Minroc Management Limited is a "Qualified Person" pursuant to the standards laid out with NI 43-101 has approved the technical information in this press release.

To view the graphic in its original size, please click here

Figure 1: Map displaying the location of the main mineralized zones and the new discoveries at Parbec

ABOUT RENFORTH

Renforth Resources Inc. is a Toronto-based gold exploration company with interests in two of Canada's gold exploration camps.In the Cadillac-Malartic Gold Camp, the Company holds the New Alger project, with an inferred resource of 237,000 ounces of gold above a depth of 200 metres contained in 3,505,000 tonnes with a grade of 2.1g/t Au using a cut-off of 0.75 g/t Au (see press release July 17, 2014) as calculated by Brian H. Newton P.Geo and Philip Burt P.Geo, which is located on the Cadillac Break outside of Cadillac, Quebec and an option to purchase 100% of the Parbec Property from Globex Mining Enterprises Inc. (GMX-TSE), a historically identified gold occurrence with more than 100 drillholes completed and a ramp into the mineralization in place located outside of Malartic, Quebec, contiguous to the Canadian Malartic open pit mine.In Ontario, the Company has a 100% interest in the Nixon-Bartleman project, located on the Porcupine-Destor fault in the West Timmins Mining area, another historic gold occurrence with a couple of old shallow pits onsite and a history of past drilling which has not yet defined the gold occurrence.

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.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Renforth07122017.pdf

Source: Renforth Resources Inc. (CSE:RFR)

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