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Renforth Resources inc.
Summary
| Project: | New Alger | |
|---|---|---|
| Deposit: | New Alger | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/23/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-6-2020: Renforth Resources inc. announces a Resource Estimation report for its New Alger deposit at the New Alger project. Updated Mineral Resource Estimate for Project. The following report was prepared to provide a National Instrument 43-101 (NI 43-1 | |
| Resources: | (Resources): 1.0Mt @ 1.88g/t Au (Ind.) & 3.2Mt @ 1.81g/t Au (Inf.) | |
| CP/QP: | [Resource] Antoine Yassa, Eugene Puritch (P&E Mining Consultants Inc.) | |
| ABSTRACT: | The following report was prepared to provide a National Instrument 43-101 (NI 43-101) Updated Mineral Resource Estimate and Technical Report on the New Alger Gold Property for Renforth Resources Inc. (“Renforth”). The Technical Report has an effective date of May 1, 2020. Renforth is a corporation trading on the Canadian Securities Exchange (“CSE”) with the symbol “RFR”. The New Alger Gold Property (the “Property”) comprises 98 contiguous unpatented map designated mineral claims (“CDC claims”) plus one mining concession (“CM Concession”) covering a total area of 5,201.8 ha in Cadillac and Bousquet Townships in the AbitibiTémiscamingue region of northwestern Québec. The Property is located on the Larder Lake - Cadillac Deformation Zone (or the “Cadillac Break”) that occurs near the southern boundary of the Abitibi greenstone belt in an area of prolific mining activity. Renforth is the 100% owner of the New Alger Property subject to Net Smelter Royalties (“NSR”) up to 3%. The Property is located 3 km west of the Town of Cadillac, on the Trans-Canada Highway (Québec Highway 117) between Rouyn-Noranda, 45 km to the west, and Val-d’Or, 55 km to the east | |
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