Renforth Resources Inc C.RFR

Drill results.....WOW

[Yepnewpapy]

RENFORTH INFILLS AND EXTENDS MINERALIZATION DOWN DIP AT PARBEC
Renforth Resources Inc. is updating shareholders on drill results received for Renforth's 2020 resource expansion drill program on the wholly owned Parbec open-pit-constrained gold deposit on the Cadillac Break, adjacent to the Canadian Malartic mine.

PAR-20-115 was an undercut of PAR-20-107, results include 1.65 g/t gold over 3.7m, continuing mineralization down dip.PAR-20-122 was testing for depth extension in the "Discovery Zone" area of Parbec's resource model, resulting in numerous mineralized intercepts, including 2.26 g/t gold over 1m.PAR-20-123 was drilled to test historic (1940s) reported mineralization, resulting in numerous mineralized intervals which include a highlight of 7.03 g/t gold over 0.5m at 76.4m down the hole.PAR-20-126 was an infill hole, drilled on a section with no other holes present and mineralization on each side. This hole successfully intersected mineralization with a highlight of 5.2 g/t gold over 0.45m.

This press release gives highlights of assays received for PAR-20-115, PAR-20-122, PAR-20-123, and PAR-20-126, all drilled in the Fall 2020 program at Parbec where 9,644m were drilled in phase one of a drill program designed to support a new 2021 resource estimate for Parbec. The drill program finished at 15,569m of drilling completed with the assay results for a total of 33 drill holes in both phase one (Fall 2020) and phase two (Winter 2021) of the program still outstanding.
The drill program was designed to fill in gaps within the existing deposit model (infill drilling), to test for the deeper extension of mineralized zones with undercut drillholes (downdip drilling) and redrill certain holes drilled between 1986 and 1993 (twinning) in order to validate the historical results and allow the assay results from those 62 holes to be used in the 2021 resource estimate for Parbec, anticipated to be complete in June/July 2021. The twinning of holes occurred in the 2021 phase of the program with the visible geological units encountered matching those recorded in the holes twinned. The timeline for the resource estimate is dependent on the receipt of assays. The four holes reported on in this press release continue Renforth's success in drilling at Parbec with, again, each hole drilled returning gold values of interest. Each of the results given below are accretive to the overall gold endowment of the Parbec deposit and are expected to positively impact a resource estimate calculation.
 
 
Assay Highlight Table

Hole ID   Grid EastGrid NorthFrom (m)To (m)interval (m)Gold g/t

PAR-20-1155200     265       184.5   189   4.5         1.03   

PAR-20-1155200     265       206.3   210   3.7         1.65   

PAR-20-1155200     265       216     219.8 3.8         0.58   

PAR-20-1155200     265       233.2   239.856.65     0.63   

PAR-20-1155200     265       243     244.5 1.5         0.519  

PAR-20-1155200     265       247.5   249   1.5         0.52   

PAR-20-1225675     160       47.5    50.5  3             0.53   

PAR-20-1225675     160       63      64    1               1.18   

PAR-20-1225675     160       67      68    1               2.26   

PAR-20-1225675     160       72.5    74    1.5           0.88   

PAR-20-1225675     160       100.5   102   1.5         1.06   

PAR-20-1225675     160       157.3   159.051.75      0.63   

PAR-20-1225675     160       237     239.052.05       0.63    

PAR-20-1225675     160       299.1   299.9 0.8         1.72   

PAR-20-1225675     160       314.5   316   1.5          1.09   

PAR-20-1235800     147       25      26    1                1.06   

PAR-20-1235800     147       36.5    37.5  1              2.35   

PAR-20-1235800     147       40.05   41.2  1.15        2.47   

PAR-20-1235800     147       74.5    76.9  2.4           1.8    

including 5800     147       76.4    76.9  0.5               7.03   

PAR-20-1235800     147       108.9   112.753.85      1.12   

PAR-20-1235800     147       257.5   260.252.75       0.67   

including 5800     147       257.5   259   1.5               0.95   

PAR-20-1235800     147       282     290   8             

      3.79   

PAR-21-1265850     250       86.9    87.35 0.45        5.2    

PAR-21-1265850     250       95.3    96.5  1.2         1.28   

 
*assay intervals are as measured in the core box, not true width.
Samples referred to in this press release were selected, split, bagged and tagged in the field and delivers to the facilities of AGAT Laboratories in Val d'Or Quebec where they were assayed for gold using "202-051 - Au by Fire Assay, AAS Finish" and "202-064 - Au by Fire Assay, Gravimetric Finish" for overlimit (>10 g/t Au) values.
Technical disclosure in this press release has been reviewed and approved by Francis R. Newton P.Geo (OGQ#2129), a "qualified person" pursuant to NI 43-101
About Renforth
Renforth holds the Parbec open pit constrained gold deposit in Malartic Quebec, contiguous to the Canadian Malartic mine, with a 2020 resource estimate of 104,000 indicated ounces of gold at a grade of 1.78 g/t Au and 177,000 inferred ounces of gold at a grade of 1.78 g/t Au. This resource estimate is now considered by Renforth to be out of date due to the results received in a 15,569m drill program which has been recently completed. This program was planned to twin, infill and undercut existing drill holes at Parbec, to support a rebuild of the geological model and a resource estimate restatement. In addition to this Renforth has discovered a nickel bearing ultramafic, coincident with a copper/zinc VMS, over ~5km of strike in the western end of the 20km central anomaly at Renforth's wholly owned 215 km2 Surimeau property. This prospect was discovered on surface and the subject of a very short, shallow drill program, a more robust drill program is planned for Spring 2021. Renforth also holds the Malartic West property, the site of a copper/silver discovery, and Nixon-Bartleman, west of Timmins Ontario, with gold present on surface over a strike length of ~500m. Renforth is well funded, with ~$6 million in cash and securities on hand (*as at 03/15/21), in addition to the gold contained in our gold deposit