Renforth Resources (CSE:RFR) (“Renforth” or the “Company”) has received results for the July/August 2018 drill program at Parbec where 6 holes were completed in a total of 1,443.9m of drilling, each of these holes were outside of the 2016 resource envelope and were step-outs from previous drilling. This brings the total meters drilled at Parbec in the last 10 months by Renforth to 5,607.8m in 25 drillholes, each hole encountering gold grades. Management is pleased to deliver to shareholders again a successful exploration program adding value to the asset and would like to acknowledge that our success in the field comes from the expertise of our contractor team, our geologists, drill company and assay lab who all play valuable roles. A resource recalculation has been commenced for Parbec.
Results Received
Highlights of results received in each of the 6 holes are as follows, presented on a core length basis.
| DDH | From
m |
To
m |
Length
m |
Grade
Au g/t |
Description |
| 18-82 | 28.5 | 30 | 1.5 | 8.02 | Quartz-carbonate veins in sediments |
| 18-83 | 4 | 10 | 6 | 0.58 | QFP veining |
| 18-83 | 23.6 | 26 | 2.4 | 0.81 | QFP veining (Discovery Zone) |
| 18-83 | 41.6 | 45 | 3.4 | 1.98 | QFP veining (Discovery Zone) |
| 18-83 | 164 | 165.5 | 1.5 | 0.77 | Veining within Cadillac Break |
| 18-84 | 76 | 90 | 14 | 3.06 | Diorite zone (very coarse pyrite) New Zone |
| including | 78.3 | 87.75 | 9.45 | 4.66 | Diorite zone (very coarse pyrite) |
| containing | 85.7 | 86.5 | 0.8 | 9.64 | Diorite zone (very coarse pyrite) |
| and | 86.5 | 87.75 | 1.25 | 17.67 | Diorite zone (very coarse pyrite) |
| 18-84 | 127.9 | 141.84 | 13.94 | 1 | Diorite zone (depth ext. to “Partridge Zone”) |
| 18-84 | 145.5 | 154.1 | 8.6 | 1.28 | Diorite zone (depth ext. to “Partridge Zone”) |
| including | 145.5 | 151 | 5.5 | 2.04 | QFP veining |
| 18-84 | 156.9 | 157.85 | 0.95 | 1.12 | Diorite zone |
| 18-84 | 195 | 195.9 | 0.9 | 0.76 | Diorite zone |
| 18-85 | 118.05 | 119.44 | 1.39 | 1 | Diorite zone |
| 18-85 | 166 | 167.4 | 1.4 | 0.83 | Diorite zone |
| 18-85 | 178.7 | 189.5 | 10.8 | 1.69 | Diorite zone (depth ext. to “Partridge Zone”) |
| 18-86 | 90.8 | 91.3 | 0.5 | 5.55 | Sheeted veins around sedimentary contact (VG) |
| 18-86 | 112.7 | 113.7 | 1 | 2.82 | Sheeted veins around sedimentary contact |
| 18-87 | 6.7 | 9.7 | 3 | 4.32 | QFP-hosted veining (Discovery Zone) |
| 18-87 | 16 | 26.6 | 10.6 | 1.14 | QFP-hosted veining (Discovery Zone) |
| 18-87 | 88.5 | 93.5 | 5 | 1.24 | QFP-hosted veining (Discovery Zone) |
| 18-87 | 239.65 | 242.6 | 2.95 | 2.55 | Felsic lens within Cadillac Break |
Drillhole targets
Each of the holes drilled in this program had a specific technical target, these included undercutting previous successful holes in order to extend the mineralization deeper, exploration holes targeting strike (east to west) extensions of previously intersected mineralization and undercutting surface exploration results, described for each hole as follows;
PAR-18-82
Unlike almost all other drilling at Parbec, this exploratory drillhole was aimed southwestwards. The target was the “Felsite” zone seen in historic drilling close to the Pontiac Group sedimentary contact (PAR-87-21: 5.79m @ 2.23g/t Au).
PAR-18-83
This DDH was drilled to further delineate the “Magnetic Diorite” target discovered in March 2018 (PAR-18-78: 19.3m @ 3.64g/t Au) as well as to explore the strike extension of the porphyry-hosted “Discovery Zone” in the east-centre of the property.
PAR-18-84
This DDH undercuts PAR-17-69 in the “Partridge Zone” western extension area which has been progressively built up throughout the 2017/18 Renforth drilling.
PAR-18-85
This DDH is also in the “Partridge Zone” and undercuts PAR-18-70 which passed through several diorite-hosted zones including 14.1m @ 1.26g/t Au, 3.7m @ 3.16g/t Au and 5.0m @ 1.48g/t Au
PAR-18-86
This DDH is aimed southwestwards in a similar fashion to PAR-18-82. The target in this case was a series of veins which follow the southern Pontiac sedimentary contact in the west of the property (PAR-08-02: 4.5m @ 2.75g/t Au; PAR-08-03: 3.3m @ 2.35g/t Au)
PAR-18-87
This DDH is midway between PAR-18-83 and the historic “Discovery Zone” area and was drilled to test both that zone as well as the well-mineralized “Magnetic Diorite” in the Cadillac Break schists. Nearby intervals in the Discovery Zone include 22.86m @ 2.25g/t Au (PAR-87-28) and 19.81m @ 1.79g/t Au (DDH H-4)
Interpretation of Results
The ongoing success of drill programs at Parbec is, in management’s opinion, important, as we are extending the mineralization beyond what was included in the NI 43-101 resource which was defined at Parbec in 2016. The intersection of gold in each drillhole, outside of the resource, warrants the recalculation of the resource, management expects the resource at Parbec to increase. Parbec is located in Malartic, Quebec, adjacent to the Canadian Malartic gold mine, with road access and industry support for exploration readily available. To date drilling at Parbec has been relatively shallow, as the mineralization starts on surface, and has yet to cover the entire NE-SW extent of the main mineralized structure on the property, the Cadillac Break. Upon completion and release of the resource update for Parbec, Renforth will again raise funds in order to continue our drilling.
Renforth’s Drilling at Parbec (July/Aug in red/yellow)
To view the graphic in its original size, please click here
Samples reported on in this press release were selected in the field, cut, bagged and tagged under the supervision of Francis Newton P.Geo and 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.
Technical Information in this press release has been reviewed and approved by Francis Newton P.Geo, a “qualified person” pursuant to the guidelines of 43-101.
For further information please contact:
Renforth Resources Inc.
Nicole Brewster
President and Chief Executive Officer
C:416-818-1393
E: nicole@renforthresources.com
#200 – 65 Front St. E, Toronto, ON M5E 1B5
No securities regulatory authority has approved or disapproved of the contents of this news release.
Forward Looking Statements
This news release contains forward-looking statements and information under applicable securities laws. All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as ‘may’, ‘will’, ‘plan’, ‘expect’, ‘believe’, ‘anticipate’, ‘estimate’, ‘intend’ and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability of financing, as described in more detail in the Company’s securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.
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