08:33:05 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Renforth Resources Inc (2)
Symbol RFR
Shares Issued 106,310,829
Close 2019-02-07 C$ 0.045
Market Cap C$ 4,783,987
Recent Sedar Documents

Renforth drills 0.9 m of 24.62 g/t Au at Parbec

2019-02-07 10:16 ET - News Release

Ms. Nicole Brewster reports

RENFORTH OBTAINS 24.62 G/T GOLD OVER 0.9M AT PARBEC IN MALARTIC, QUEBEC

Renforth Resources Inc. has released results for the balance of the holes drilled at Parbec in December, 2018, which include 24.62 grams per tonne gold over 0.9 metre in PAR-18-92. The December, 2018, program was designed to test the presence of shallow mineralization with grade and continuity outside of a 50-metre buffer zone from the rail line, as well as to extend and increase the mineralized zones. Each of PAR-18-91, PAR-18-92, PAR-18-93 and PAR-18-94 successfully intersected mineralization as targeted, expected to result in a positive impact to the resource at Parbec upon recalculation.

Hole          From (m)     To (m)     Length (m)     Au (g/t)

PAR-18-91        13.5       14.5              1          3.6   
PAR-18-91          19         21              2         0.68  
Including        19.6         21            1.4         0.79  
PAR-18-91        33.8       42.5            8.7         0.25  
Including        39.5         41            1.5         0.64  
PAR-18-92          55         57              2        13.44 
Including        56.1         57            0.9        24.62 
PAR-18-92         114      115.4            1.4         0.61  
PAR-18-92       145.8        149            3.2         1.52  
PAR-18-93       100.5      106.1            5.6         0.56  
Including       102.5      106.1            3.6         0.61  
PAR-18-94        25.2         28            2.8         0.53  
Including        25.2         27            1.8          0.7   
PAR-18-94       134.5      137.5              3        0.635 

PAR-18-91

This drill hole, on line 4900E, was slightly behind and 25 metres west of PAR-18-71 and PAR-18-72, two drill holes that found a very shallow, diorite-hosted mineralized body. The target was to extend this mineralized body; this target was achieved.

PAR-18-92

This hole, on line 4850E, was meant to test for strike extensions of Partridge zone mineralization, which included the narrow high-grade vein found in PAR-18-80 with 0.35 metre of 13.17 grams per tonne gold (press released on May 9, 2018). This hole successfully extended the Partridge zone, as well as the high-grade vein, by 25 metres to the west. The vein is a quartz/albite vein within a sheared (biotite and chlorite) margin of a more competent diorite/intermediate volcanic unit. This may mean that the vein zone is a crosscutting zone.

PAR-18-93

This drill hole, 50 metres west of PAR-18-92, was designed to test the strike extension of the mineralized zones as they approach the property boundary, as well as to explore Renforth's working hypothesis that the Cadillac break is bending southward in the northwest portion of the property, moving away from the rail line and keeping the break on the property longer. This hole, along with other drilling in this program, supports this hypothesis and also demonstrates that the dip of the mineralized package is southward onto the property (as opposed to away from the property). This hole proved to be farther north in the lithological assembly of the Cadillac break than anticipated when the collar was planned (therefore in front of intersection with certain units, such as the felsite seen on the southern portion of the mineralized package), yet still demonstrated the continuity of mineralization to near the property boundary, along with the southward bend of the Cadillac break.

PAR-18-94

This hole undercut PAR-18-91 in order to extend the diabase unit observed in the field within PAR-18-91 deeper; this goal was achieved.

"These, the balance of results from the December drill program, continue to support the overall hypothesis of that program, the presence of near-surface mineralization a minimum of 50 metres away from the rail line, as well as extend mineralized zones the length of the property to the northwest and provide some very interesting structural insight for the northwest portion of the property. Parbec is proving a pleasure to drill, with 32 holes drilled by Renforth to date, all returning gold values," commented Nicole Brewster, president and chief executive officer of Renforth.

The 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.

The company has issued 1.45 million options to officers, directors and consultants. The options are exercisable for a period of five years at an exercise price of seven cents and vest on the date of grant.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.