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Renforth Resources inc.
Summary
| Project: | New Alger | |
|---|---|---|
| Deposit: | Cadillac Break | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/21/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-1-2020: Renforth Resources inc. announces an Exploration/Drilling Update report for its Cadillac Break deposit at the New Alger project. Drilling results incl. 4.8m @ 5.38g/t Au from 130m. Renforth Resources Inc. (CSE – RFR) (OTC Pink – RFHRF) (“Renfor | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Francis R. Newton (Not stated) | |
| ABSTRACT: | Renforth Resources Inc. (CSE – RFR) (OTC Pink – RFHRF) (“Renforth” or the “Company”) is pleased to report on the discovery of new gold bearing zones within unexplored areas of the Cadillac Break and successful results in the first drill program on the Discovery Veins, both on Renforth’s wholly owned New Alger property, located on 1.4 kms of the Cadillac Break in the Cadillac Mining Camp, Quebec. New Alger mine area results from this drill program indicate that the Cadillac Break is gold-bearing within and outside of the previously focused on area where the Piché volcanics meet the Pontiac sediments in the south. In this program, Renforth obtained mineralization, as targeted, within the 3 vein systems that formed the historic Thompson-Cadillac Mine in the eastern portion of New Alger, recognized as the same veins present at the adjacent historic O’Brien Mine. These drill holes were selected as “undercuts” of Renforth’s previous (2007, 2010) drilling, successfully extending mineralization deeper. The “mine vein” package strikes East-West across ~1.4 kms of the property and is approximately 100m in width. The discovery of the gold-bearing sericite zone in the previously undrilled north zone of the Cadillac Break adds ~40m to the width of the mineralized package, as seen in the only 3 holes to have tested this zone to date. One of the 3 holes went further north than the other two and encountered additional previously unknown gold mineralization at lithological contacts within the Cadillac Break schists, outside of the ~140 width of the currently defined mineralized package. Renforth’s next drill program at New Alger will focus on drilling through the Cadillac Break and extending these findings and recent discoveries. | |
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