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Renforth Resources inc.
Summary
| Project: | Parbec | |
|---|---|---|
| Deposit: | Parbec | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-5-2018: Renforth Resources inc. announces an Exploration/Drilling Update report for its Parbec deposit at the Parbec project. Drilling results incl. 19.3m @ 3.64g/t Au from 144.9m. Renforth Resources Inc. (CSE – RFR) (“Renforth” or the “Company”) is ple | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Francis Newton (Not stated) | |
| ABSTRACT: | Renforth Resources Inc. (CSE – RFR) (“Renforth” or the “Company”) is pleased to announce the most recent Parbec drill results, including an intersection of 3.64 g/t Au over 19.3 m in PAR-18-78 in Chlorite Schist and Diorite, which includes 4.2m grading 11.7 g/t Au in a Magnetic Diorite body. This Magnetic Diorite is also seen in PAR-18-77, the first hole in this recent program and the most easterly drilled to date, and is visually similar to a mineralized diorite sill in PAR-17-63 which graded 9.42 g/t Au over 0.9m, part of a wider interval of 2.34 g/t over 11.05m (between 44.75 and 55.8m depth), drilled in December and previously press released, located 450m to the west of PAR-18-78. Magnetic Diorite Significance Magnetic Diorite identified at Parbec corresponds to iron rich diorite intrusions documented in gold deposits previously mined in the Malartic camp. The former Barnat and East Malartic mines, part of the current adjacent Canadian Malartic Mine property, totalled a production of 26.4 million tonnes for 4 Moz at an average grade of 4.7 g/t gold (Source: SIGEOM), principally developed inside the Piché Group, in a setting like the Parbec mineralization. Iron rich diorite can be typically called an altered rock with a composition usually observed within gold mineralization zones that includes biotite, tourmaline, pyrite, and magnetite. | |
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