08:42:07 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



v (2)
Symbol RFR
Shares Issued 106,310,829
Close 2017-11-23 C$ 0.055
Market Cap C$ 5,847,096
Recent Sedar Documents

Renforth hires Eagle to survey Denain-Pershing

2017-11-23 12:24 ET - News Release

Ms. Nicole Brewster reports

RENFORTH COMMENCES GEOPHYSICS ON DENAIN-PERSHING PROPERTY

Renforth Resources Inc. has hired Eagle Geophysics of Sorel, Que., to fly a helicopter borne high-resolution Quadri-Mag, very low frequency and audio-frequency magnetics survey over the southern portion of the Denain-Pershing property. This survey has been designed to tie in to the existing high-quality geophysical information available on the northern portion of the property. The largely unexplored southern portion of the property offers several field targets, to be refined by geophysics once completed.

The Denain-Pershing property offers the following exploration targets:

  1. The Americ gold occurrence in the southern portion of the property within a banded iron formation;
  2. The Matchi-Manitou copper-zinc occurrence;
  3. The Pershing gold-bearing banded iron formation with indicated continuity to the south;
  4. A strike continuation of the Chimo mine host structure (Cadillac Break) through unexplored terrain.

"We look forward to our initial exploration steps commencing at our Denain-Pershing property, high-quality geophysics will allow us to assess our currently known mineralization in the south and offer targets for field follow-up in the entire unexplored central portion of the property," states Nicole Brewster, president and chief executive officer of Renforth.

Mark Wellstead, PGeo, OGQ special authorization No. 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.

About Renforth's portfolio

Renforth has recently raised just over $600,000 and has commenced deploying this capital in connection with property exploration, acquisition and payments. Recently, in addition to this acquisition of additional gold-bearing ground in the Val d'Or mining camp, Renforth has completed a field program on its gold resource bearing Parbec property, located contiguous to the large, open-pit Canadian Malartic mine, on the Cadillac Break outside the town of Malartic, Que. A discovery of a new gold mineralization type at Parbec this season was press released on July 12, 2017, this mineralization is outside of the area of the maiden gold resource established by Renforth at Parbec in March, 2016. That resource tonnage consists of 262,230 tonnes indicated at a grade of 3.62 grams per tonne Au containing 33,592 ounces and 7,256,872 tonnes inferred at a grade of 2.01 g/t Au representing 514,108 ounces (press release March 7, 2016). Renforth is presently awaiting the balance of assay results from this program and will press release those once available. Renforth deems this program successful in that it resulted in a new discovery and will offer drill targets in that and other unexplored areas of that property.

Additionally Renforth has recently optioned its wholly owned brownfield exploration West Malartic property, also contiguous to the Canadian Malartic open-pit mine, to SOQUEM, a Quebec Crown corporation with expertise in the discovery and development of new mineral assets in the province of Quebec. Renforth looks forward to the results of SOQUEM's required $1.3-million in exploration on the property, with an initial, committed and approved by Renforth, $300,000 program consisting of prospecting and geophysics expected to be commenced in the near future.

In addition to these currently active mineral assets Renforth also owns the gold resource bearing New Alger project, located on the Cadillac Break approximately equidistant between Rouyn and Val d'Or, Que. This property presently consists of both the historic Thompson-Cadillac mine where Renforth established a maiden inferred resource of 3,505,000 tonnes containing 237,000 ounces of gold at a grade of 2.1 gt/t Au (July 17, 2014) at surface. This shares the vein structure of the adjacent historic producer of greater than 500,000 ounces of gold at an average grade of approximately 15 g/t Au -- the O'Brien mine. Also on the property is Renforth's discovery of gold-bearing quartz veins on surface in the sediments south of the mine. This vein system has been traced over 450 m and returned grades including 11.6 g/t Au over 0.5 m (press release Dec. 9, 2014), this surface discovery is not included in the resource. Renforth's has successfully stripped a 230-metre portion of the gold-bearing surface quartz veining and is awaiting assays, these will be press released once compiled and interpreted.

In Ontario, Renforth holds the Nixon-Bartleman property, located west of Timmins. This property has seen intermittent exploration, with a significant amount of work done, including Renforths own surface channel which assayed 22.1 g/t Au over 0.3 m (press release Sept. 10, 2014) part of a structurally controlled mineralized system now traced over 450 m on surface. Renforth's next step at this property will be a compilation of all of the exploration data.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.