Ms. Nicole Brewster reports
RENFORTH INTERSECTS 14M OF 3.06 G/T AU IN NEW ZONE AT PARBEC
Renforth Resources Inc. has received results for the July/August, 2018, drill program at Parbec, where six holes were completed in a total of 1,443.9 metres of drilling. Each of these holes was outside of the 2016 resource envelope and was a stepout from previous drilling. This brings the total metres drilled at Parbec in the last 10 months by Renforth to 5,607.8 metres in 25 drill holes, with each hole encountering gold grades. Management is pleased to deliver to shareholders a successful exploration program, once again adding value to the asset, and would like to acknowledge that its success in the field comes from the expertise of its contractor team, geologists, drill company and assay lab, who all play valuable roles. A resource recalculation has been commenced for Parbec.
Results received
Highlights of the results received from each of the six holes are provided in the attached table and are presented on the basis of core length.
Hole From (m) To (m) Length (m) Au (g/t) Description
18-82 28.5 30.0 1.5 8.02 Quartz-carbonate veins in sediments
18-83 4.0 10.0 6.0 0.58 QFP veining
18-83 23.6 26.0 2.4 0.81 QFP veining (Discovery zone)
18-83 41.6 45.0 3.4 1.98 QFP veining (Discovery zone)
18-83 164 165.5 1.5 0.77 Veining within Cadillac break
18-84 76.0 90.0 14.0 3.06 Diorite zone (very coarse pyrite) (new zone)
including 78.3 87.75 9.45 4.66 Diorite zone (very coarse pyrite)
containing 85.7 86.5 0.8 9.64 Diorite zone (very coarse pyrite)
and 86.5 87.75 1.25 17.67 Diorite zone (very coarse pyrite)
18-84 127.9 141.84 13.94 1.0 Diorite zone (depth extends to Partridge zone)
18-84 145.5 154.1 8.6 1.28 Diorite zone (depth extends to Partridge zone)
including 145.5 151.0 5.5 2.04 QFP veining
18-84 156.9 157.85 0.95 1.12 Diorite zone
18-84 195.0 195.9 0.9 0.76 Diorite zone
18-85 118.05 119.44 1.39 1.0 Diorite zone
18-85 166.0 167.4 1.4 0.83 Diorite zone
18-85 178.7 189.5 10.8 1.69 Diorite zone (depth extends to Partridge zone)
18-86 90.8 91.3 0.5 5.55 Sheeted veins around sedimentary contact (VG)
18-86 112.7 113.7 1.0 2.82 Sheeted veins around sedimentary contact
18-87 6.7 9.7 3.0 4.32 QFP-hosted veining (Discovery zone)
18-87 16.0 26.6 10.6 1.14 QFP-hosted veining (Discovery zone)
18-87 88.5 93.5 5.0 1.24 QFP-hosted veining (Discovery zone)
18-87 239.65 242.6 2.95 2.55 Felsic lens within Cadillac break
Drill hole targets
Each of the holes drilled in this program had a specific technical target. These targets included undercutting previous successful holes in order to extend the mineralization deeper, exploration holes targeting strike (east to west) extensions of previously intersected mineralization and undercutting surface exploration results, described for each hole as follows.
PAR-18-82
Unlike almost all other drilling at Parbec, this exploratory drill hole was aimed southwestward. The target was the Felsite zone seen in historic drilling close to the Pontiac group sedimentary contact (PAR-87-21 -- 5.79 metres of 2.23 grams per tonne gold).
PAR-18-83
This hole was drilled to further delineate the magnetic diorite target discovered in March, 2018 (PAR-18-78 -- 19.3 metres of 3.64 g/t Au), as well as to explore the strike extension of the porphyry-hosted Discovery zone in the east-centre of the property.
PAR-18-84
This hole undercuts PAR-17-69 in the Partridge zone western extension area, which has been progressively built up throughout the 2017/2018 Renforth drilling.
PAR-18-85
This hole is also in the Partridge zone and undercuts PAR-18-70, which passed through several diorite-hosted zones, including 14.1 metres of 1.26 g/t Au, 3.7 metres of 3.16 g/t Au and five metres of 1.48 g/t Au.
PAR-18-86
This hole is aimed southwestward in a similar fashion to PAR-18-82. The target in this case was a series of veins that follow the southern Pontiac sedimentary contact in the western portion of the property (PAR-08-02 -- 4.5 metres of 2.75 g/t Au; PAR-08-03 -- 3.3 metres of 2.35 g/t Au).
PAR-18-87
This hole is midway between PAR-18-83 and the historic Discovery zone area and was drilled to test both that zone as well as the well-mineralized magnetic diorite in the Cadillac break schists. Nearby intervals in the Discovery zone include 22.86 metres of 2.25 g/t Au (PAR-87-28) and 19.81 metres of 1.79 g/t Au (DDH H-4).
Interpretation of results
The continuing success of drill programs at Parbec is, in management's opinion, important, as the company is extending the mineralization beyond what was included in the National Instrument 43-101 resource, which was defined at Parbec in 2016. The intersection of gold in each drill hole, outside of the resource, warrants the recalculation of the resource. Management expects the resource at Parbec to increase. Parbec is located in Malartic, Que., adjacent to the Canadian Malartic gold mine, with road access and industry support for exploration readily available. To date, drilling at Parbec has been relatively shallow, as the mineralization starts on surface and has yet to cover the entire northeast-southwest extent of the main mineralized structure on the property, the Cadillac break. Upon completion and release of the resource update for Parbec, Renforth Resources will again raise funds in order to continue its drilling.
Samples reported in this press release were selected in the field, cut, bagged and tagged under the supervision of Francis Newton, PGeo, and personally transported to Bourlamaque Laboratories, where they were fire assayed for gold. The lengths given in this press release refer to core lengths, as measured in the core box.
Technical information in this press release has been reviewed and approved by Mr. Newton, a qualified person pursuant to the guidelines of NI 43-101.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.