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Renforth Resources inc.
Summary
| Project: | Parbec | |
|---|---|---|
| Deposit: | Parbec | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/26/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-2-2018: Renforth Resources inc. announces an Exploration/Drilling Update report for its Parbec deposit at the Parbec project. Drilling results incl. 32.6m @ 1.44g/t Au from 142.4m. Renforth Resources Inc. (CSE – RFR) (“Renforth” or the “Company”) is pl | |
| Resources: | (Resource): 263.230Kt @ 3.62g/t Au (Ind.) and 7.256Mt @ 2.01g/t Au at Parbec | |
| CP/QP: | [Overall Report]: Mark Wellstead (Not stated) | |
| ABSTRACT: | Renforth Resources Inc. (CSE – RFR) (“Renforth” or the “Company”) is pleased to announce the following results from the 1619 metre January 2018 drill program on Parbec. Each of the 7 holes drilled in January 2018 returned gold values, including the longest two intersections obtained by Renforth to date where PAR-18-73 averaged 1.44 g/t Au over a length of 32.6 metres, and PAR-18-74 which graded 1.23 g/t Au over 33.2 metres. In total Renforth has drilled 2,884m at Parbec in the December and January programs, and now reported results from each of the 14 holes drilled, with gold intersections being reported outside of the 43-101 resource envelope in all 14 holes. Renforth is currently planning its’ next drill program at Parbec that will focus on deeper testing of the “Partridge Zone” discovery. The Parbec deposit hosts a maiden gold resource which exceeds 500,000 ounces of gold (inferred and indicated, see below), has never been mined, and is on strike and contiguous to the East Amphi Mine portion of the Canadian Malartic Mine property. The maiden resource at Parbec extends from surface to a vertical depth of 275m and only covers approximately Suite 200 – 65 Front St. East Toronto, ON M5E 1B5 www.renforthresources.com half of the 1.6 km strike of Cadillac Break on the Parbec Property. Recent work has proven gold mineralization similar to that of the resource extends over the previously untested NW portion of the Cadillac Break on the property, to a maximum depth in the west of 124m vertical depth. Parbec’s deepest gold intersection is at a vertical depth of 738m where 0.96 g/t over 1.5m was intersected in PAR-08-03. | |
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