01:09:15 EDT Fri 19 Apr 2024
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Renforth Resources Inc (2)
Symbol RFR
Shares Issued 106,310,829
Close 2018-01-31 C$ 0.045
Market Cap C$ 4,783,987
Recent Sedar Documents

Renforth acquires and stakes claim units at New Alger

2018-02-01 10:15 ET - News Release

Ms. Nicole Brewster reports

RENFORTH NEARLY DOUBLES NEW ALGER PROPERTY WITH NEW CLAIMS NEAR CADILLAC, QUEBEC

Renforth Resources Inc. has staked 33 whole or fractional claim units and has acquired 25 whole or fractional claim units, increasing the size of the southern portion of the New Alger property. These claims cover certain high-priority geophysical anomalies and field observations that will require follow-up surveying as interpreted by David Wahl, PEng, PGeo, ICD.D, Renforth's technical director and made by Renforth's geological team. In addition to Mr. Wahl's recommendation the claims also fit within Renforth's continuing reinterpretation of the New Alger property and the relationship between the area south of the Cadillac Break and the Cadillac Break.

"With the acquisition of these claims, Renforth now controls high-priority geophysical and field features that our team considers worthy of follow-up. Our findings at the Discovery vein have prompted a re-evaluation of the property, securing our land position was the first step, commissioning a detailed geophysical survey is the next step and is already under way," states Nicole Brewster, president and chief executive officer of Renforth.

The new staked claims are shown in blue, the newly acquired claims are shown in green. The claims held by Renforth prior to this transaction are shown in orange. The acquisition costs of these claims were staking costs and in the case of the acquired claims the repayment of staking costs.

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.

We seek Safe Harbor.

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