Renforth to Commence Exploration on New Alger Projectadmin
Renforth to Commence Exploration on New Alger Project
Toronto, Ontario CANADA, January 20, 2014 /FSC/ – Renforth Resources Inc. (RFR – CSE),(“Renforth” or the “Company”) is pleased to announce the commencement of exploration on the New Alger Project. In February of 2014, Renforth will commence a drilling program of a minimum length of 600 metres focused on the Thompson-Cadillac Mine deposit, adjacent to Highway 117 approximately 15 kms west of Malartic, Quebec.
“I am quite pleased to be able to commence drilling in the former mine area this February. Admittedly, the program is small, but do not lose sight of the fact that we are drilling the quartz veins of the Cadillac Break, which we have found to be gold bearing at surface. In this instance we will be able to drill at least several shallow holes to add to the database of NI 43-101 complaint drilling, moving us closer to calculating an initial compliant resource for this historical deposit,” states Nicole Brewster, President and CEO of Renforth.
Exploration Plan Highlights
1 – Foramex Diamond Drilling has been contracted for this program. Located in Rouyn-Noranda, Quebec the use of local, skilled and knowledgeable labour is a cost effective benefit to Renforth of the project’s location on the main highway between Rouyn-Noranda and Malartic, Quebec.
2 – Drillhole targeting – Renforth is presently planning to drill on the western end of the historic mine, approximately 25m north of the highway, as illustrated below.
3 – Brian H. Newton P.Geo and Philip Burt P.Geo have designed this program, with a goal of estimating a NI 43-101 compliant resource utilizing the historic mine operational sampling and drill data, as well as the historic exploration data. This program is the first phase of work required to attain that goal.
Proposed Initial Drillholes
To view the drillhole map, click onto the following link:
The map above depicts the approximate targeting of the initial drillholes, these are designed to intersect known mineralization at shallower depths within veins 1, 2 and 3. Success with these holes is expected to demonstrate continuity and add confidence to the existing model, which is a combination of historic and more recent NI 43-101 compliant drilling. This model is expected to support an eventual NI 43-101 initial resource estimate for the Thompson-Cadillac Mine deposit.
The technical information in this press release has been reviewed and approved by Brian H. Newton P.Geo, a qualified person pursuant to the guidelines contained within National Instrument 43-101.
Renforth Resources Inc. is a Toronto-based exploration company with interests in two exploration assets: the previously productive New Alger property, located in the Cadillac Break Mining Camp, Quebec, and the Mina Pilar Project, located SW of Madrid Spain, also a historic producer of gold.
For further information please contact:
Renforth Resources Inc.
President and Chief Executive Officer
T: (416) 368.5049 F: (416) 368.3151
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, including with respect to the estimation of a NI 43-101 compliant resource at the New Alger project. 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, licences 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.
RENFORTH RESOURCES INC.
65 Front Street East,
To view this press release as a PDF file, click onto the following link:
Source: Renforth Resources Inc. (CNSX: RFR)
Maximum News Dissemination by FSCwire. http://www.fscwire.com
Posted: January 20th, 2014 under FSCWIRE.