Toronto, Ontario (FSCwire) - Renforth Resources Inc. (CSE: RFR) (“Renforth” or the “Company”) is pleased to announce the commencement of data compilation and modeling on the Parbec Property, located adjacent to both the Canadian Malartic Mine Project, jointly owned by Agnico Eagle and Yamana, as well as the Amphi North property, owned by Agnico Eagle, on the Cadillac Break, just outside Malartic, Quebec.  Gold mineralization has been identified at Parbec in three shallow zones, currently constrained by an apparent lack of drilling.  Renforth is undertaking the data compilation and modeling of the mineralized zones utilizing drilling data, assay results and geological information, in order to better define the extent of the mineralization and determine immediate drill targets.  In the same way as Renforth built the first model of the Thompson-Cadillac Mine Area at the Company’s New Alger Project, Renforth is going to build the first comprehensive geological model for the Parbec Property, this will allow the design of Renforth’s subsequent exploration approach.  Renforth will explore at Parbec with the goal of defining the first current resource on the Parbec Property, as Renforth did at New Alger.

PARBEC TODAY

• 11 complete and partial cells totaling 229 hectares
• Gold mineralization outlined in prior exploration over 3 zones – the Camp Zone, the #2 Zone and the Discovery Zone, a strike length of over 600 metres and above a depth of 150 metres, remaining open on strike and at depth
• A capped ramp, sunk in 1988, is in place to access the mineralized zone.  This ramp, of 580 metres in length, intersects the Camp Zone at a depth of approximately 100 metres and represents intrinsic value for the Project.  The ramp is a key asset, providing cost effective access for men and materials to the mineralization.
• Renforth has currently compiled data for >100 drill holes carried out by prior property owners, consisting of >24,000m of drilling from surface, as well as geophysical survey data and plans for the ramp.
• In the period 1986-1989 exploration and ramp development on the property, including approximately half of the currently known drilling, was carried out by Brian H. Newton P.Geo.  Mr. Newton is a consultant to Renforth, having overseen Renforth’s exploration and resource calculations at New Alger to date.  Renforth feels Mr. Newton’s personal knowledge and prior experience at Parbec and current experience at New Alger will benefit Renforth in formulating a robust, informed exploration program at Parbec.
• Core from two of the historical drill programs has been located, stored in a secure fashion and available to Renforth for check sampling to validate historic records, a cost effective option in lieu of twinning holes.  Renforth continues efforts to locate additional core.

PARBEC HISTORIC DRILLING

In 1986, 1987 and 1988 Mr. Brian H. Newton P. Geo carried out diamond drilling programs on the Parbec Property for prior holders of the property.  These programs were carried out in a controlled field environment, using local drilling contractors and qualified field staff, to the standards of the then presiding Geological Association of Canada (GAC), of which Mr. Newton was a member in good standing.  Renforth feels that the results of this program can be considered professional and accurate, in addition Mr. Newton, as a professional geoscientist and a current member of the Association of Professional Geoscientists of Ontario (APGO), considers his prior work to be reliable, professional and accurate.

In this time Mr. Newton oversaw the drilling of 40 holes over a total of 8787m, with approximately 5000 samples in total selected.  A selection of some of the highlights of these programs is presented below, taken from each of the zones of interest, the Camp Zone, the #2 Zone and the Discovery Zone (moving west to east across the property).

The intervals given above are as measured down the hole, not true widths.  The samples were selected during core logging, after the completion of logging the samples were split using a screw type hand splitter.  Half of the split core was returned to the core box as a permanent record of the sample interval and the other half was sealed in a plastic sample bag.  Unique numbered identity tags, provided by the laboratory, were affixed in the core box and inserted into each sample bag.  The sealed sample bags were then collected in larger rice bags which were also sealed and then shipped via bonded courier an accredited Assay Lab[1] where they were analyzed using the laboratory’s Fire Assay method. 

PARBEC LOCATION

To view the graphic in its original size, please click here

Parbec is road accessible located approximately 5 kms. northwest of Malartic, and an approximate 35 km drive from New Alger. 

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. All sample selection, cutting and preparation was completed under the supervision of  Brian H. Newton P.Geo.

ABOUT RENFORTH

Renforth Resources Inc. is a Toronto-based gold exploration company with interests in two of Canada’s gold exploration camps.  In the Cadillac-Malartic Gold Camp the Company holds 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) as calculated by Brian H. Newton P.Geo and Philip Burt P.Geo, which is located on the Cadillac Break outside of Cadillac, Quebec and an option to purchase 100% of the Parbec Property, a historically identified gold occurrence with more than 100 drillholes completed and a ramp into the mineralization in place located outside of Malartic, Quebec, contiguous to the Canadian Malartic open pit mine.  In Ontario the Company has the right to earn a 55% interest in the Nixon-Bartleman project, located on the Porcupine-Destor fault in the West Timmins Mining area, another historic gold occurrence with a couple of old shallow pits onsite and a history of past drilling which has not yet defined the gold occurrence.

For further information please contact:

Renforth Resources Inc.

Nicole Brewster

President and Chief Executive Officer

T: (416) 368.5049  

E: nicole@renforthresources.ca

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.

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