Toronto, Ontario (FSCwire) - Renforth Resources Inc. (CSE: RFR) (“Renforth” or the “Company”) is pleased to announce an exploration target for the Parbec Gold Property (“Parbec”) representing modeled mineralization in a range of tonnes between 1,200,000 and 1,700,000 tonnes at a gold grade range of 4 to 6 g/t Au, for a range of potential contained ounces of gold between 176,400 and 360,000.  The potential quantity and grade is conceptual in nature, insufficient exploration work has been done to date to define a mineral resource, it is not certain that future exploration will.  The mineralization on Parbec contained in this exploration target is within the Camp Zone and a small portion of the #2 Zone, located between surface and a maximum depth of either 300 or 350 metres.  The flooded ramp at Parbec comes to within approximately 30 metres of this mineralized area.  Additional mineralization is present on this property outside the boundary of the exploration target as depicted in the image below, this additional mineralization requires future work. 

Parbec Exploration Target

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

The red box in the image above shows the location of the exploration target area within the identified mineralized areas of Parbec, the exploration target area covers only a portion of the identified mineralization on the property.  The map below shows the location of the Parbec property relative to its neighbours in the Cadillac-Malartic mining camps, including the contiguous Canadian Malartic Mine.

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

“We are very pleased with this initial exploration target at Parbec, and look forward to being able to carry out additional drilling in order to bring this target into a resource category.  This target only covers a portion of the Cadillac Break strike, and identified mineralization, at Parbec providing an excellent starting place from which to grow this project and build a resource.  Parbec, an approximate 25 minute drive from Renforth’s surface resource at New Alger, is contiguous and on strike of one of Quebec’s most exciting mining stories, the giant Canadian Malartic open pit gold mine.  The known mineralization and the gold resource at New Alger and Parbec, combined with our recent acquisition of additional prospective ground contiguous to New Alger, gives Renforth an opportunity to keep building shareholder value in an excellent and cost effective setting.” states Nicole Brewster, President and CEO of Renforth.

Exploration Target

The Parbec Property has three historically identified mineralized zones which run along the Cadillac Break on the Property, from northwest to southeast these are the Camp Zone, #2 Zone and the Discovery Zone, with the Camp Zone seeing the most historic exploration and the #2 Zone the least.  The exploration target has been calculated from a 400m of the Cadillac Break’s strike on the property, starting in the Camp Zone and moving to the southeast, across the fault which separates the Camp and #2 Zones, ending in the #2 Zone.  Within this 400m there are 40 drill holes with mineralized intercepts above a depth of 200m, and 5 mineralized intercepts  below 200m.  In total there is 27,421m of historical drilling on the property in a total of 184 drill holes.  The mineralization in this area is contained within a biotitic schist unit historically referred to as a tuff unit with three horizons (A, B and C), offset by a fault which has been demonstrated to offset the mineralization, as opposed to terminating it.   Over the course of exploration on this property there were historical estimates derived in the 1980s which were based upon modeling within the Camp and Discovery Zones, across several stand-alone horizons, both the tuff and porphyry mineralization.  Historic drilling subsequent to this added additional intercepts on strike and at deeper depths, without remodeling the mineralization.  Lastly, and most crucially, upon acquisition of the property Renforth commissioned the local surveyor, who had done the most comprehensive surface survey historically using a field grid that could not be reproduced today, to convert that survey into the UTM measurement system.  Renforth then field verified this new survey, adding in collars of holes subsequently drilled.  This effort resulted in all of the historic drilling being accurately located relative to each other and enabled Renforth to build an accurate, and the first, 3d model of the drilling at Parbec, resulting in the ability to calculate the exploration target.  This approach to a historic property is the same as the approach Renforth took at New Alger, where Renforth calculated the first NI 43-101 mineral resource for that property.

As recently press released, Renforth has re-commenced surface exploration work on the Company’s properties within Cadillac and Malartic, this includes prospecting at Parbec. Mineralization within tuffs, porphyries and diorites on the property around the Cadillac Break is fairly well known, however, there has been little to no exploration carried out in the northern portion of the claim, or in the Pontiacs to the south.  In both instances there is gold mineralization on neighbouring properties on-strike to these un-explored areas of Parbec.

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 from Globex Mining Enterprises Inc. (GMX-TSE), 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.

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