Toronto, Ontario (FSCwire) - Renforth Resources Inc. (CSE – RFR)
(“Renforth” or the “Company”) is pleased to announce that Eagle Geophysics of Sorel, Qc has been retained to fly a helicopter
borne high resolution Quadri-Mag, VLF and AFMAG Survey over the southern portion of the Denain-Pershing Property. This
survey has been designed to tie in to the existing high-quality geophysical information available on the northern portion of the
property. The largely unexplored southern portion of the property offers several field targets, to be refined by geophysics
once completed.
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The Denain-Pershing Property offers the following exploration targets;
1 – The Americ gold occurrence in the southern portion of the property within a banded iron formation,
2 – The Matchi-Manitou copper-zinc occurrence,
3- The Pershing gold bearing banded iron formation with indicated continuity to the south,
4 – A strike continuation of the Chimo Mine host structure (Cadillac Break) through unexplored terrain.
“We look forward to our initial exploration steps commencing at our Denain-Pershing Property, high quality geophysics will
allow us to assess our currently known mineralization in the south and offer targets for field follow up in the entire
un-explored central portion of the property” states Nicole Brewster, President and CEO of Renforth.
Mark Wellstead P.Geo, OGQ Special Authorization #388 of Minroc Management is a “qualified person” pursuant to the guidelines
of National Instrument 43-101 and has reviewed and approved the technical disclosure in this press release.
ABOUT RENFORTH’S PORTFOLIO
Renforth has recently raised just over $600,000 and has commenced deploying this capital in connection with property
exploration, acquisition and payments. Recently, in addition to this acquisition of additional gold bearing ground in the
Val d’Or mining camp, Renforth has completed a field program on its gold resource bearing Parbec Property, located contiguous to
the large, open pit Canadian Malartic Mine, on the Cadillac Break outside the Town of Malartic, Quebec. A discovery of a
new gold mineralization type at Parbec this season was press released on July 12, 2017, this mineralization is outside of the
area of the maiden gold resource established by Renforth at Parbec in March 2016. That resource tonnage consists of 262,230
t Indicated at a grade of 3.62 g/t Au containing 33,592 ounces and 7,256,872 t Inferred at a grade of 2.01 g/t Au representing
514,108 ounces (press release Mar 7, 2016). Renforth is presently awaiting the balance of assay results from this program
and will press release those once available. Renforth deems this program successful in that it resulted in a new discovery
and will offer drill targets in that and other unexplored areas of that property.
Additionally Renforth has recently optioned its’ wholly owned brownfield exploration West Malartic property, also contiguous
to the Canadian Malartic open pit mine, to SOQUEM, a Quebec crown corporation with expertise in the discovery and development of
new mineral assets in the Province of Quebec. Renforth looks forward to the results of SOQUEM’s required $1,300,000 in
exploration on the property, with an initial, committed and approved by Renforth, $300,000 program consisting of prospecting and
geophysics expected to be commenced in the near future.
In addition to these currently active mineral assets Renforth also owns the gold resource bearing New Alger Project, located
on the Cadillac Break approximately equidistant between Rouyn and Val-d’Or Quebec. This property presently consists of both
the historic Thompson-Cadillac Mine where Renforth established a maiden Inferred resource of 3,505,000 tonnes containing 237,000
ounces of gold at a grade of 2.1 gt/t Au (July 17, 2014) at surface. This shares the vein structure of the adjacent
historic producer of >500,000 ounces of gold at an average grade of approximately 15 g/t Au, the O’Brien mine. Also on the
property is Renforth’s discovery of gold bearing quartz veins on surface in the sediments south of the mine. This vein
system has been traced over >450m and returned grades including 11.6 g/t Au over 0.5m (press release Dec 9, 2014), this
surface discovery is not included in the resource. Renforth’s has successfully stripped a 230m portion of the gold bearing
surface quartz veining and is awaiting assays, these will be press released once compiled and interpreted.
In Ontario Renforth holds the Nixon-Bartleman property, located west of Timmins. This property has seen intermittent
exploration, with a significant amount of work done, including Renforth’s own surface channel which assayed 22.1 g/t Au over 0.3m
(press release Sept. 10, 2014) part of a structurally controlled mineralized system now traced over >450m on surface.
Renforth’s next step at this property will be a compilation of all of the exploration data.
For further information please contact:
Renforth Resources Inc.
Nicole Brewster
President and Chief Executive Officer
C:416-818-1393
E: nicole@renforthresources.com
#200 – 65 Front St. E, Toronto, ON M5E 1B5
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/Renforth11232017.pdf
Source: Renforth Resources Inc. (CSE:RFR)
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