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Renforth Resources Inc (2)
Symbol RFR
Shares Issued 75,171,172
Close 2017-07-17 C$ 0.075
Market Cap C$ 5,637,838
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Renforth to option 50% of West Malartic to SOQUEM

2017-07-17 09:00 ET - News Release

Ms. Nicole Brewster reports

RENFORTH OPTIONS WEST MALARTIC TO SOQUEM

An earn-in and joint venture agreement for Renforth Resources Inc.'s 100-per-cent-held West Malartic property has been entered into with SOQUEM whereby SOQUEM can earn a 50-per-cent interest in the property with an expenditure of $1.3-million over three years.

West Malartic

The property is contiguous to the operating Canadian Malartic mine and hosts the western extension of the geological units present at the Canadian Malartic mine.

Under the terms of the agreement the program spending shall be divided over three years with the first year spending requirement of $300,000 being a firm commitment. SOQUEM, as operator during the earn-in period, has elected to undertake field prospecting and a detailed IP (induced polarization) survey, with Renforth's approval. This work will be done in order to better define the presence of the interpreted porphyry monzonite and tonalite dikes on the property which, on the adjacent Canadian Malartic property, host mineralization.

Upon SOQUEM completing the $1.3-million expenditure over three years, or sooner, and earning the 50-per-cent interest a joint venture will be formed with terms and conditions typical of a joint venture.

Brian H. Newton, PGeo, a qualified person pursuant to guidelines within National Instrument 43-101, has reviewed and approved the technical disclosure in this news release.

About Renforth Resources Inc.

Renforth Resources 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, which is located on the Cadillac break outside of Cadillac, Que., and an option to purchase 100 per cent of the Parbec property from Globex Mining Enterprises Inc., located outside of Malartic, Que., contiguous to the Canadian Malartic open-pit mine. In Ontario, the company has a 100-per-cent interest in the Nixon-Bartleman project, located on the Porcupine-Destor fault in the West Timmins mining area.

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