Ms. Nicole Brewster reports
RENFORTH COMPLETES PARBEC STRIPPING AND FIRST CLOSE OF FINANCING
Renforth Resources Inc.'s stripping activities at Parbec, covering both the previously announced and an additional area, have been successfully completed for the season. The total surface area of the completed trenching is approximately 2,200 square metres. Trenching was completed within the open-pit design area of the Parbec gold deposit. Visual observations confirm the presence of faults and structures crossing the Cadillac Break at oblique and perpendicular angles, supporting the company's interpretation of drill data indicating such features. Several lithologies previously observed only in drill core, and known to be associated with gold, were also identified at surface within the new trenching. These faults and structures were unexpected, as prior surface channel and drill data from the area did not indicate their presence.
Several grab samples were collected and sent to the lab for analysis, however, freezing conditions prevented proper washing of the exposed rocks, so channel sampling could not be completed. Following the success of this first large-scale stripping program at Parbec, Renforth plans to continue stripping, mapping, washing and sampling the remaining permitted area in the spring.
First closing
Renforth closed a total of $258,000 in the first closing of the company's previously announced financing with the issuance of 10.8 million shares and 5.4 million warrants on a flow-through basis and 2.1 million shares and 2.1 million warrants on a common share basis.
Duetsche Goldmesse
Renforth will be attending the Duetsche Goldmesse conference in Frankfurt and presenting Saturday Nov. 15 at 9:45 a.m. If you are attending and would like to learn more about Renforth Parbec open pit gold deposit and the nearby Victoria sulphide nickel polymetallic open pit deposit please get in touch.
The technical contents of this press release have been reviewed and approved by Francis Newton, PGeo, OGQ, Renforth's consulting senior field geologist and a qualified person pursuant to the requirements set out in National Instrument 43-101.
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