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Renforth Resources Inc (2)
Symbol RFR
Shares Issued 251,296,669
Close 2021-04-07 C$ 0.08
Market Cap C$ 20,103,734
Recent Sedar Documents

Renforth drills 49.6 m of 1.46 g/t Au at Parbec

2021-04-07 08:06 ET - News Release

Ms. Nicole Brewster reports

RENFORTH INTERSECTS 49.6M OF 1.46 G/T GOLD AT PARBEC OPEN PIT GOLD DEPOSIT

Renforth Resources Inc. has updated shareholders on drill results received for its 2020 drill program on the wholly owned Parbec open-pit constrained gold deposit on the Cadillac break, adjacent to the Canadian Malartic mine.

This press release gives highlights of assays received for PAR-20-116, PAR-20-106, PAR-20-107, PAR-20-108 and PAR-20-109, all drilled in the fall 2020 program at Parbec where 9,644 metres were drilled in phase one of a drill program designed to support a new 2021 resource estimate for Parbec. The drill program finished at 15,569 m of drilling completed with the assay results for a total of 37 drill holes in both phase one (fall 2020) and phase two (winter 2021) of the program still outstanding.

The drill program was designed to fill in gaps within the existing deposit model, to test for the down-dip extension of mineralized zones with undercut drill holes, and to twin holes drilled between 1986 and 1993 in order to allow the assay results from those 62 holes to be used in the 2021 resource estimate for Parbec, anticipated to be completed in June/July, 2021. However, the timeline is dependent on the receipt of assays. The five holes reported on in this press release continue Renforth's success in drilling at Parbec with, again, each hole drilled returning gold values of interest. Each of the results given in the attached table is accretive to the overall gold endowment of the Parbec deposit and are expected to positively impact a resource estimate calculation.

                                  ASSAY HIGHLIGHT TABLE

DDH                    From (m)             To (m)         Length (m)     Assay Au (g/t)

PAR-20-106                22.5                 24                1.5               1.32
PAR-20-106               196.5              201.7                5.2               0.76
PAR-20-106              211.35              215.8               4.45               1.32
PAR-20-106               221.5                225                3.5               1.41
PAR-20-106                 366             376.75              10.75               0.45
including                368.5              369.1                0.6               1.26
PAR-20-107                  36               38.5                2.5               0.63
PAR-20-107                  42                 43                  1               3.94
PAR-20-107                57.2               65.1                7.9               0.54
including                 57.2               60.5                3.3               0.79
PAR-20-107               108.8              109.7                0.9                0.9
PAR-20-107                 141                145                  4               4.02
PAR-20-108                76.9               78.5                1.6              0.901
PAR-20-108              156.65             158.15                1.5               2.05
PAR-20-109                 2.3                2.8                0.5               1.84
PAR-20-109                  31               37.5                6.5               0.91
PAR-20-109                60.8               64.5                3.7               0.52
PAR-20-109              124.05                128               3.95               0.68
including                126.5                128                1.5              0.908
PAR-20-109              136.15                149              12.85               0.69
PAR-20-116                  76              78.85               2.85               1.08
PAR-20-116               108.9              158.5               49.6               1.46
including                135.5                138                2.5               8.63
       

* Assay intervals are as measured in the core box, not true width.

Samples referred to in this press release were selected, split, bagged and tagged in the field and delivered to the facilities of AGAT Laboratories in Val d'Or, Que., where they were assayed for gold using 202-051-Au by fire assay, AAS finish, and 202-064-Au by fire assay, gravimetric finish, for overlimit (over 10 grams per tonne Au) values.

Technical disclosure in this press release has been reviewed and approved by Francis R. Newton, PGeo (OGQ No. 2129), a qualified person pursuant to NI 43-101.

About Renforth Resources Inc.

Renforth holds the Parbec open-pit constrained gold deposit in Malartic, Que., contiguous to the Canadian Malartic mine, with a 2020 resource estimate of 104,000 indicated ounces of gold at a grade of 1.78 g/t Au and 177,000 inferred ounces of gold at a grade of 1.78 g/t Au. This resource estimate is now considered by Renforth to be out of date due to the results received in a 15,569 m drill program, which has been recently completed. This program was planned to twin, infill and undercut existing drill holes at Parbec, to support a rebuild of the geological model, and a resource estimate restatement. In addition to this, Renforth has discovered a nickel-bearing ultramafic, coincident with a copper/zinc VMS (volcanogenic massive sulphide), over about five km of strike in the western end of the 20 km central anomaly at Renforth's wholly owned 215 square km Surimeau property. This prospect was discovered on the surface and the subject of a very short, shallow drill program. A more robust drill program is planned for spring 2021. Renforth also holds the Malartic West property, the site of a copper/silver discovery, and Nixon-Bartleman, west of Timmins, Ont., with gold present on the surface over a strike length of about 500 m. Renforth is well financed, with about $6-million in cash and securities on hand (as of March 15, 2021), in addition to the gold contained in its gold deposit.

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