Renforth Intersects 41.5 g/t Gold at New Algeradmin
Renforth Intersects 41.5 g/t Gold at New Alger
Toronto, Ontario CANADA, March 03, 2014 /FSC/ – Renforth Resources Inc. (RFR – CSE),(“Renforth” or the “Company”) is pleased to announce results of the recently completed drilling program on the Thompson-Cadillac Mine portion of the 100% owned New Alger project located outside of Malartic, Quebec, in the Cadillac Break gold camp. Renforth completed 601m of drilling in 6 holes, submitting 270 samples for assay. The highlights of the assay results are presented in the table below and include an average grade of 5.71 g/t Au over 12 meters in hole REN-14-11, this included visible gold which assayed 41.5 g/t over 1m.
“We are extremely pleased with these results, to date this program has demonstrated that we have the gold-bearing quartz veining of the Cadillac break at surface on the New Alger project, we can demonstrate high grade assays with visible gold and we are also able to demonstrate appreciable widths. Most exciting is that we have barely scratched the surface, we are not deep, though we are in a deep camp, and modern drilling has not explored either the strike of the property or the Pontiac Discovery Vein to the south. We are looking forward to continued exploration on our flagship property.” states Nicole Brewster, President and CEO of Renforth.
Assay Highlight Table
Hole # From To Length Au Geological comments
(m) (m) (m) g/t
REN-14-10 87 93 6 6.78 Blue grey QV, blocky, diss py, fragments
of silicified tuff within vein
REN-14-11 63 64 1 5.6 Tuff with narrow Blue grey QV’s,
narrow sulfidized argillite bands,
silicified overall, diss py
REN-14-11 71 83 12 5.71 69-75 tuff with narrow QV
x-cutting foliation, 75-83 QV. VG
near lower contact
includes 82 83 1 41.5 Visible Gold
REN-14-13 21.6 22.6 1 0.99 Tuff with narrow Blue grey QV’s
throughout, minor disseminated py, aspy.
REN-14-13 56.4 63.4 7 1.89 Tuffs with minor sulfide, Blue grey
QV’s 59.9 – 61.1, 61.9-62 within tuff
on lower side of QV’s.
REN-14-14 68.6 69.5 0.9 1.45 Narrow Blue grey QV’s within tuff,
minor diss py
REN-14-15 17.9 19.2 1.3 2.92 Tuff – biotite, diss aspy, narrow
Blue Grey QV’s throughout
REN-14-15 21.9 22.9 1 2.71 19.2-21.9 QV 21.9-22.9 Tuff,
narrow blue grey QV’s, fine diss py,
REN-14-15 37.7 38.7 1 1.79 Tuff, silicified, fine diss py
Current Exploration Interpretation
Renforth has built a model of the workings and mined areas of the Thompson-Cadillac Mine project, as well as identified the general disposition of the identified Vein 1, Vein 2 (which consists of an A and B) and Vein 3 based upon historic records and information generated in the 2007 and 2010 drill programs. The 2014 drill program tested that model, successfully intersecting the vein system in each planned hole. This drill program also demonstrated that it is not only the blue-grey quartz veining system that runs in conjunction with the Cadillac Break that is gold-bearing. In addition to this drilling has demonstrated that small cross-cutting veinlets and a tuff horizon are carrying gold. All of this information will be added to the property model, and inform our next round of drilling. This program did add confidence to the historic data and holes, but further drilling is still required before Renforth will be able to put the first compliant resource together on the property.
The 270 samples taken in this drill program were selected in the field by Mr. Brian H. Newton P.Geo. These samples were cut in half using a diamond blade core saw, bagged, tagged and securely sealed. The samples were personally delivered by Mr. Newton to the facilities of Activation Laboratories in Val d’Or, Quebec where they we subjected to assaying using Fire Assay TMT-G5B AA finish, results over 3000 ppb were retested with TMT-G5C Gravimetric finish.
The technical contents of this press release have been reviewed and approved by Mr. Brian H. Newton P.Geo.
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
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,
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Source: Renforth Resources Inc. (CSE: RFR)
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Posted: March 3rd, 2014 under FSCWIRE.