Parbec Drilling Extends Gold Mineralization Along ~1.8 km length of Cadillac Break - and - Newly Discovered Mineralized Diorite Body in Sediments

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

PICKERING, ON / ACCESSWIRE / March 28, 2019 / Renforth Resources Inc. (CSE - RFR) ("Renforth" or the "Company") is pleased to report that it has further extended gold mineralization along the ~1.8 km length of the Cadillac Break on the wholly-owned Parbec Property, which has been drilled most recently during our January/February program of 1767m drilled in 5 drill holes, the highlights of which appear below. Each of these drill holes successfully intersected Parbec's gold mineralized system, expanding the strike and the depth of the mineralization which formed the 2018 NI 43-101 resource estimate.

"The positive results in this program, and our December 2018 program, combine to demonstrate that gold is present along the length of the Cadillac Break Fault Zone drilled at Parbec, or, more accurately, in the Pontiac Sediments south of the Piche Volcanics and associated with the fault, for approximately 1820m, with our resource estimate sitting on a strike length of 900m. Our total of 8,399m of drilling in 37 drill holes, including the most recent program, in addition to demonstrating mineralization along the 1.8km, has also led to the discovery of a new mineralized body south of the break which we look forward to further exploring" states Nicole Brewster, President and CEO of Renforth Resources.

Jan/Feb Drill Program Summary

PAR-19-96, the second hole in the program, was an additional step out to the east, approximately 200m from PAR-18-78. This hole deflected in the softer fault material and did not reach the target, low grade gold material was intersected within the schist, carrying gold to the easternmost point on the property which can be drilled from the south, without drilling through the Cadillac Break. PAR-19-97, PAR-19-98 and PAR-19-99 were all drilled under the NI43-101 mineralization, each of these successfully intersected gold, as presented in highlights below. Each of these holes serves the purpose of carrying mineralized trends within the deposit deeper. As Renforth generates additional data by drilling at Parbec and incorporates this data in ongoing modelling it is evident that there are both low grade and high grade phases to the gold mineralization within the system. In addition to identifying phases associated with grade, Renforth's modelling has discovered, and is starting to define, a newly identified mineralized structure at Parbec within the Pontiac Sediments, as detailed below.

Previously press released was the first hole, PAR-19-95, a 59m step out east from our previously most-eastern hole at Parbec (PAR-18-78), was drilled for 252m testing for strike extensions in general, specifically of the "magnetic diorite" intersected in PAR-18-78 which assayed 11.7 g/t Au over 4.7m from 160m down the hole (press released May 9, 2018). PAR-19-95 successfully met this objective, including a result of 25 g/t Au over 0.6m of core length, within a total 1.15m intersection assaying 17.55 g/t Au at a depth of 230.85m down the hole (press released Feb 27/19).

Jan/Feb Assay Highlights


FROM

TO

length (m)

Au g/t

PAR-19-95
PAR-19-95
PAR-19-95
PAR-19-95
PAR-19-96
PAR-19-96
PAR-19-97
PAR-19-97
PAR-19-97
INCL
PAR-19-97
INCL
PAR-19-97
INCL
INCL
PAR-19-98
PAR-19-98
PAR-19-98
PAR-19-98
INCL
PAR-19-98
INCL
INCL
PAR-19-98
PAR-19-98
PAR-19-99
PAR-19-99
PAR-19-99
PAR-19-99

62.50
119
197.85
230.85
246.5
252.5
63.8
103.5
136.2
136.2
158
159
358
358
358
14.6
146
150.5
156.3
156.3
316.5
316.5
316.5
362.5
372
110
265.95
277.5
286.5

64.00
120.5
201.2
232
248
254
66.8
106.5
141
138.6
161.1
161.1
366
361.5
359
16.3
147.5
153.5
159.4
157.2
319.65
317.5
318.7
364
374.5
111
267.4
267.4
288

1.50
1.5
3.35
1.15
1.5
1.5
3
3
4.8
2.4
2.1
1.1
8
3.5
1
1.7
1.5
3
3.1
0.9
3.15
1
2.2
1.5
2.5
1
1.45
2.7
1.5

1.96
1.41
2.98
17.55
0.31
0.38
1.52
0.5
0.68
0.94
3.72
6.74
0.28
0.45
0.83
1.52
1.01
0.51
1.31
2.39
0.57
1.1
0.71
0.41
0.324
0.57
1.72
2.74
0.44

Parbec Geological Model and Discovery

In December 2018 and Jan/Feb 2019 Renforth has drilled a total of 12 holes in 2,825m at Parbec since the release of the updated 43-101 Resource Estimate in September 2018. Each of these holes intersected gold and extended the length (strike) of the mineralization on the property, as well as the depth (dip) of the mineralization. With this new information Renforth has updated its' 3d model for Parbec, as well as the sections and level plans used internally to model the results. As a result of this process Renforth's geological team, under the supervision of Brian H. Newton P.Geo, has discovered that Parbec hosts a second, previously unrecognized, mineralized diorite body running parallel to, and south of, the Break zone, within the Pontiac Sediments. Presently the available data demonstrates that the diorite hosts low-grade mineralization, the contact of the sediments with the diorite carry high grade mineralization within the sediments. Historical geophysics suggested the presence of this body, however, it took the combination of several deep holes previously drilled, Renforth's own drilling which included two holes drilled to the south contrasted against all the drilling to the north, and detailed geophysics flown by Eagle Geophysics, all compiled and evaluated together, to confirm the presence of this body.

Renforth's geological team has now commenced a detailed modelling of the geology at Parbec as it is evident that there are more areas of interest on the property than solely the Cadillac Break itself.

Drill Plan Dec 2018/Jan 2019

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 Mark Wellstead P.Geo 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 P.Geo, a qualified person pursuant to the guidelines contained in National Instrument 43-101, has approved the technical information found in this press release.

For further information please contact:

Renforth Resources Inc.
Nicole Brewster
President and Chief Executive Officer
T:905-831-9606
E: [email protected]
#269 - 1099 Kingston Road, Pickering ON L1V 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.

SOURCE: Renforth Resources Inc.

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).