Renforth Intersects 149.98 g/t Au Over 0.5m At New Alger
Toronto, Ontario (FSCwire) - Renforth Resources Inc. (CNSX: RFR) (“Renforth” or the “Company”) is pleased to release results of the second phase drill program on the Company’s wholly owned New Alger Property, on the Cadillac Break near Malartic Quebec, previously announced on May 14th, 2014. The highlight intercept from this program was obtained in drillhole REN-14-18 where drill core between 51.2m and 58.3m (7.1m) downhole assayed 12.87 g/t Au, including 149.98 g/t Au over 0.5m. This program successfully targeted gaps in the existing resource model for the Thompson-Cadillac Mine Area, a total of 8 holes were drilled, as seen in the results below each hole intersected gold within the vein system present on the property.
“We are very pleased with the results of this drill program. In management’s opinion the results obtained from these two drill programs demonstrate the value of this property. This exploration campaign, begun at surface, has only reached a depth of 200m, and we still have gaps in the data. Despite deeper gold intercepts we will continue to focus on tightening our data above 200m depth, moving westward when our next drill campaign commences. In the interim the results of this program will be incorporated in our existing resource model.” states Nicole Brewster, President and CEO of Renforth.
Samples in this program were selected in the field under the supervision of Brian H. Newton P.Geo, cut, bagged and security sealed. These were then personally delivered to Actlabs in Ste. Germaine-Boule, Quebec, they were fire assayed with an AA finish gold, assay results over 3 g/t were re-assayed by fire assay with a Gravimetric finish.
ABOUT NEW ALGER
Renforth’s 100% owned New Alger project is located on the Cadillac Break, near Malartic Quebec. The Cadillac-Larder Lake Break extends over 200 km, from Kirkland Lake, Ontario in the west to past Val d’Or, Quebec in the east, this approximate 200 km long gold-bearing structure has been in production for over 9 decades, with past production and known reserves exceeding 80 million ounces of gold. Renforth’s immediate neighbours include Agnico Eagle’s LaRonde mine complex, contiguous to the north and west, and Radisson’s O’Brien Mine project, contiguous to the east.
The New Alger Project currently consists of three areas of interest;
- Thompson-Cadillac Mine Area (operated in the 1930’s), where Renforth established the first ever 43-101 inferred resource in April 2014, of 201,000 inferred ounces of gold from surface to a depth of only 200m (refer to press release of April 3rd 2014).
- Pontiac Vein area, where Renforth re-discovered the original, early 1930’s, gold showing structure which led to the discovery of the Thompson-Cadillac Mine, approximately 250m to the north. The Pontiac Vein area is of interest as the surface vein structures, which yielded a grab sample high of 3.1 g/t Au in the summer of 2013, continue over an E / W strike length of 250m, remaining open but lost to prospecting efforts due to surface growth and ground conditions. Renforth acquired additional adjacent ground with geophysical signatures that suggest the possible continuation of the Pontiac Vein structure, subject to a southern offset from a known N / S trending fault on the property.
- Northern Exploration Zone – the area north of the Break has seen little to no exploration, however, Renforth has identified a mineralized IP anomaly trending E / W across the northern portion of the property, in addition historical drill records indicate a mineralized porphyry unit. This is of interest as gold-producing structures exist on the northern part of the break on properties to the east.
NEW ALGER RESOURCE
April 2014 New Alger Resource Statement
Thompson-Cadillac Mine Area
- Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
- The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an Indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured mineral resource category.
- The mineral resources in this press release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.
Technical information contained in this press release has been reviewed and approved by Brian H. Newton P.Geo, a “qualified person” as defined by 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, Québec, and the Mina Pilar Project, located SW of Madrid Spain, also a historic producer of gold. With the closing of this financing Renforth has 41,919,172 shares issued and outstanding.
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.
To view this press release as a PDF file, click onto the following link:
Source: Renforth Resources Inc. (CSE:RFR) http://renforthresources.com/
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