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Renforth Resources Inc (2)
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Close 2021-05-17 C$ 0.095
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Renforth drills 18.75 m of 4.59 g/t Au at Parbec

2021-05-18 09:16 ET - News Release

Ms. Nicole Brewster reports


Renforth Resources Inc. has updated shareholders on the results of PAR-21-117, the first hole drilled in 2021, intersecting new gold mineralization, in particular 18.75 metres of 4.59 grams per tonne gold, at a vertical depth of approximately 200 m. This occurs at a place within the resource model where, prior to the recently completed 15,569 m program, there was only one drill hole, which was collared farther to the north, failing to intersect most of the Cadillac break, in addition, the values obtained in PAR-86-01 were not used in the Parbec May, 2020, open pit constrained resource estimate.

There were three holes drilled in the recent program in this area; results are still outstanding for the first 148 m of PAR-21-127 and for all of PAR-21-142.

The mineralized zone in PAR-21-127 was intersected in the lower drill hole PAR-20-106 but it was of a lower grade. Renforth interprets this to mean that the structural zone continues, though the grade varies. The mineralization seen at a shallower depth in PAR-20-106 may also occur in PAR-21-127, however, the first 148 m of PAR-21-127 have not been received.

              PAR-21-127 ASSAY HIGHLIGHTS

Drill hole         From (m)  To (m)  Length (m)  Gold (g/t)

PAR-21-127             93.5     148          Assays pending 
PAR-21-127            158.9   160.2         1.3        1.81    
PAR-21-127              213   214.5         1.5        0.73    
PAR-21-127            260.5  279.25       18.75        4.59    
including            265.55   272.7        7.15        8.73    
which includes        269.5   272.7         3.2        8.11    
and also includes    265.55   266.8        1.25       15.76   
PAR-21-127            278.9  279.25        0.35        2.79    
PAR-21-127           284.15  287.75         3.6        0.96    

* Assay results presented are as measured in the core 
box and 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, atomic absorption spectroscopy finish and 202-064 -- Au by fire assay, gravimetric finish for overlimit (greater than 10 g/t 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 volcanogenic massive sulphide, over about five kilometres 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.

We seek Safe Harbor.

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