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Renforth Increases New Alger Land Position by 499%

C.RFR

Renforth Increases New Alger Land Position by 499%



Toronto, Ontario (FSCwire) - Renforth Resources Inc. (CSE: RFR) (“Renforth” or the “Company”) is pleased to announce the acquisition of 50 claims contiguous to the Company’s New Alger Property.  This increases the New Alger Property size to over 2800 hectares, an increase of 499% from the previously held 480.5 hectares.  The Bonchamp claims are highly prospective, located in the Pontiac Sediments where Renforth has recently enjoyed success with the discovery of the Pontiac Vein system on the New Alger Property, a setting which is comparable to the nearby Canadian Malartic Mine.

 

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

 

“We are pleased to make this strategic acquisition over such prospective, entirely unexplored ground, in such an established mining camp.  We have had success in the Pontiacs, which, until the recent recognition of a long period of work by Osisko leading to the opening of Canadian Malartic, were largely ignored in this area, so we welcome the opportunity to acquire a bigger piece of the Pontiacs in a promising location and commence exploration” states Nicole Brewster, President and CEO of Renforth.

 

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

 

In order to acquire the 50 staked claims which comprise the 2401.75 Ha Bonchamp Claims portion of the New Alger Property Renforth will issue 4 million shares from treasury to arms length parties, subject to a 4 month hold.

 

The completion of this transaction is subject to regulatory approval, the issuance of share certificates and execution of transfers.

 

Technical information presented in this press release has been reviewed and approved by Brian H. Newton P.Geo, a “qualified person” pursuant to the guidelines 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.  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.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/renforth08042015.pdf

Source: Renforth Resources Inc. (CSE:RFR) http://renforthresources.com/

 

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