Toronto, Ontario (FSCwire) - Renforth Resources Inc. (CSE: RFR) (“Renforth” or the “Company”) is pleased to announce our first 2015 drill campaign has commenced with the first two holes each encountering three instances of visible gold. In the first hole, REN15-24 visible gold occurred at depths of 15, 15.7 and 15.8 metres down hole. In the second hole drilled, REN15-25, visible gold was observed at 59.2, 70 and 70.1 metres down the hole. Brian H. Newton P Geo will prepare and submit this core for assay; results will be released when available.
Renforth has begun a shallow 4 hole drill program using the proceeds of the $80,000 financing closed in December 2014. As depicted in the long section image below there are near surface gaps, caused by a lack of drillholes, in the current resource model. This program is targeting several of those gaps as depicted with the traces of planned drillholes, and a backup potential drillhole, in the long section map below.
"We could not be happier than to commence our 2015 exploration season with visible gold in our first two holes. We are pleased with this initial success as it implies a positive impact on our resource since we are near surface and outside of the existing resource model” states Nicole Brewster, President and CEO of Renforth.
Visible Gold Grains at a depth of 15.8m in drillhole #REN15-24
To view the graphic in its original size, please click here
Thompson-Cadillac Mine Area Resource Long section with planned holes in red trace
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The technical contents of this press release have been reviewed and approved by Brian H. Newton P.Geo, a qualified person pursuant to the criteria laid out in National Instrument 43-101.
ABOUT RENFORTH
Renforth Resources Inc. is a Toronto-based gold exploration company with interests in two of Canada’s gold exploration camps, the New Alger project, with an inferred resource of 237,000 ounces of gold above a depth of 200 metres contained in 3,505,000 tonnes with a grade of 2.1g/t Au using a cut-off of 0.75 g/t Au (see press release July 17, 2014), located on the Cadillac Break outside of Rouyn, Quebec and the Nixon-Bartleman project, located on the Porcupine-Destor fault in the West Timmins Mining area.
For further information please contact:
Renforth Resources Inc.
Nicole Brewster
President and Chief Executive Officer
T: (416) 368.5049
E: nicole@renforthresources.com
No securities regulatory authority has approved or disapproved of the contents of this news release.
Forward Looking Statements
This news release contains forward-looking statements and information under applicable securities laws. All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as ‘may’, ‘will’, ‘plan’, ‘expect’, ‘believe’, ‘anticipate’, ‘estimate’, ‘intend’ and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability of financing, as described in more detail in the Company’s securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/RenforthJan192015.pdfSource: Renforth Resources Inc. (CSE:RFR) http://renforthresources.com/
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