Ms. Nicole Brewster reports
RENFORTH STRIKES GOLD MINERALIZATION IN ALL 7 DRILL HOLES AT PARBEC INTERSECTS 32.6M AT 1.44 G/T AU
Renforth Resources Inc. has released results from its 1,619-metre, January, 2018, drill program at Parbec. Each of the seven holes drilled in January, 2018, returned gold values, including the longest two intersections obtained by Renforth to date: PAR-18-73 averaged 1.44 grams per tonne gold over a length of 32.6 metres, and PAR-18-74 graded 1.23 g/t Au over 33.2 metres.
In total Renforth has drilled 2,884 m at Parbec in the December and January programs, and now reported results from each of the 14 holes drilled, with gold intersections being reported outside of the National Instrument 43-101 resource envelope in all 14 holes.
Figures associated with this news release are available on-line.
Renforth is currently planning its next drill program at Parbec, which will focus on deeper testing of the Partridge zone discovery. The Parbec deposit hosts a maiden gold resource which exceeds 500,000 ounces of gold (inferred and indicated), has never been mined, and is on strike and contiguous to the East Amphi mine portion of the Canadian Malartic mine property. The maiden resource at Parbec extends from surface to a vertical depth of 275 m and only covers approximately half of the 1.6-kilometre strike of Cadillac Break on the Parbec property. Recent work has proven gold mineralization similar to that of the resource extends over the previously untested northwest portion of the Cadillac Break on the property, to a maximum depth in the west of 124 m vertical depth. Parbec's deepest gold intersection is at a vertical depth of 738 m, where 0.96 g/t over 1.5 m was intersected in PAR-08-03.
Hole ID From To Length Au
(m) (m) (m) (g/t)
PAR-18-70 58.8 60.3 1.5 1.87
PAR-18-70 75.6 76.1 0.5 2.44
PAR-18-70 88.3 102.4 14.1 1.26
Including 88.3 91.3 3 2.74
Including 89.5 90.5 1 6.42
Including 99.7 102.4 2.7 2.1
PAR-18-70 114.3 118 3.7 3.16
Including 114.3 115.3 1 6.84
PAR-18-70 152.5 157.5 5 1.48
PAR-18-70 163 164.2 1.2 2.95
PAR-18-71 15.5 17.6 2.1 4.06
Including 15.5 16.5 1 8.34
PAR-18-71 27 29 2 0.99
PAR-18-71 39 41 2 0.62
PAR-18-72 8.3 12.5 4.2 2.53
Including 11.25 12.5 1.25 6.3
PAR-18-72 21 33.5 12.5 1.05
Including 21 28.6 7.6 1.6
Including 21 25 4 2.54
PAR-18-72 88.3 90 1.7 0.76
PAR-18-73 78.8 80 1.2 1.29
PAR-18-73 142.4 175 32.6 1.44
Including 158 162 4 2.02
Including 169 175 6 1.83
Including 170 175 5 2.06
PAR-18-74 117.3 150.5 33.2 1.23
Including 117.3 124 6.7 1.48
Including 140 150.5 10.5 2.46
PAR-18-75 85.4 86.6 1.2 0.53
PAR-18-75 211 211.8 0.8 0.63
PAR-18-76 144 148.5 4.5 2.383
Including 144 145.5 1.5 6.12
Par-18-76 265.3 267.3 2 1.06
Including 265.3 266.4 1.1 1.48
PAR-18-76 373.2 374.5 2.5 0.742
Including 373.2 374.5 1.3 1.02
"We are pleased to extend the strike of the mineralized zones used in the Parbec NI 43-101 resource with our recent drilling as we step out to the west and drill deeper. We look forward to our next Parbec drill program where we will continue to develop this discovery of strike continuity in the western portion of the property, hopefully continuing our trend of adding gold ounces with each hole drilled," stated Nicole Brewster, president and chief executive officer of Renforth.
Renforth will be exhibiting on Tuesday, March 6, and Wednesday, March 7, 2018, at the Prospectors and Developers Association of Canada (PDAC) annual convention in booth No. 2223B where it will have examples of drillcore from Parbec and New Alger and channel sample material from the Discovery veins at New Alger, all of which you are welcome to come and see.
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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