Ms. Nicole Brewster reports
RENFORTH OBTAINS 11.56 G/T GOLD OVER 1.1M AT PARBEC IN MALARTIC, QUEBEC
Renforth Resources Inc. has provided results for the first three holes drilled at Parbec in the December, 2018, program, which includes 11.56 grams per tonne gold over 1.1 metres in PAR-18-88 the first hole in that program. The December, 2018, program was designed to test the presence of shallow mineralization with grade and continuity outside of a 50 m buffer zone from the rail line, and to extend and increase the mineralized zones. Each of PAR-18-88, PAR-18-89 and PAR-18-90 successfully intersected mineralization as targeted, defining shallow mineralization and expected to result in positive impact to the resource at Parbec upon recalculation. Results are still pending for the other four holes in the December, 2018, program, these will be released once available.
Hole No. From To Length m Au g/t
PAR-18-88 17.85 26.6 8.75 1.96
includes 25.5 26.6 1.1 11.56
PAR-18-88 33.4 34.5 1.1 0.759
PAR-18-88 88.6 106 17.4 0.6
includes 92 93 1 2.24
includes 102.7 106 3.3 1.24
PAR-18-89 32.3 33.1 0.8 0.56
PAR-18-89 53 60.8 7.8 1.94
includes 55.1 60.8 5.7 2.43
includes 58.6 59.9 1.3 7.67
PAR-18-89 97.3 100.3 3 0.99
PAR-18-89 136.1 137.6 1.5 1.13
PAR-18-90 44.8 52.2 7.4 2.18
includes 46.5 52.2 5.7 2.58
includes 51.1 52.2 1.1 6.55
PAR-18-90 73 74 1 3
PAR-18-90 97.75 110.2 12.45 0.9
includes 97.75 102 1.09 4.25
includes 105.9 110.2 4.3 1.23
PAR-18-90 126 127.5 1.5 1.11
* Drill results presented are as measured in the core
box, not true width.
PAR-18-88
This drill hole on line 4975E was designed to drill under PAR-17-69 (22.3 m of 0.6 g/t Au including 4.7 m of 1.26 g/t Au press released Jan. 23, 2018) and over PAR-18-84 (14 m of 3.06 g/t Au press released Sept. 11, 2018), effectively in between, designed to fill in the steeply vertical mineralized zone seen on that section. This hole, with the results noted in the table, was a successful infill drill hole, including mineralization in two zones intersected above a vertical depth of 90 m, outside of the 50 m setback from the rail line.
PAR-18-89
This hole, on line 5000E, was an overcut of PAR-18-70 (intervals including 14.1 m of 1.26 g/t Au and 3.7 m of 3.16 g/t Au press released Feb. 26, 2018), designed to expand the zones seen in the hole. PAR-18-89 successfully did this, extending the mineralized zone up-dip on line 5000E as demonstrated in the assays noted in the table. Mineralization encountered was above a vertical depth of 75 m, outside of the 50 m setback from the rail line.
PAR-18-90
This drill hole, also on line 4975E, now the deepest hole on that section line, is an undercut of PAR-18-84, specifically targeting a deeper intersection of the interval in PAR-18-84 which assayed 4.66 g/t Au over 9.45 m in that hole (press released Sept. 11, 2018), which was successfully intersected in PAR-18-90 with 2.18 g/t Au over 7.4 m, interpreted as a depth continuation of the PAR-18-84 zone. This intersection was also outside of the 50 m buffer zone.
"These initial results support our hypothesis that Parbec, with 80 per cent of its NI 43-101 resource estimate sitting above a vertical depth of 200 m, in the NW largely outside of the 50 m setback from the rail line, is a similar setting to the former East Amphi pit, on the Canadian Malartic mine property contiguous to and on strike of Parbec to the east. This setting may offer a fast-track to production option in a mature mining camp with several time and cost saving toll-milling options available," states Nicole Brewster, president and chief executive officer of Renforth.
Samples reported on in this press release were selected in the field, cut, bagged and tagged under the supervision of Francis Newton, PGeo, and Mark Wellstead, PGeo, and then 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.
Brian H. Newton, PGeo, a qualified person pursuant to the guidelines contained in National Instrument 43-101, has approved the technical information found in this press release.
We seek Safe Harbor.
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