Renforth drills first four holes at Parbec
2017-12-14 09:44 ET – News Release
Ms. Nicole Brewster reports
RENFORTH COMPLETES FOUR DRILLHOLES AT PARBEC TO DATE
Renforth Resources Inc. has completed the first four drill holes at its resource bearing Parbec property, which is located contiguous to the Canadian Malartic mine. These four holes, with the fifth ongoing, represent Renforth’s first drilling on this exciting, previously un-mined, deposit on the Cadillac Break, in the town of Malartic, Quebec.
Renforth has completed 704m of drilling on this resource bearing deposit in the four holes. Each of the drillholes have intersected the anticipateed lithologies as projected for each hole. All holes have intercepted significant disseminated and stringer pyrite mineralization in association with potassic alteration and quartz vein stockworking. In previously drill programs by prior operators these characteristics have been shown to have an association with the presence of gold. Renforth has taken samples within and around the mineralized zones for assaying, to date 3 batches have been delivered to the lab, after the logging and cutting of the core. Renforth has drilled holes P12, 13, 11, and 10, with drilling presently ongoing on P7 and planned to continue for one week prior to shutting down for Christmas. Assay results, once available, will be publicly disclosed.
Renforth completed a first closing of the previously announced financing, issuing 890,000 common shares and 1,733,333 flow through shares against the receipt of $148,500. A second closing is planned December 21st.
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.
We seek Safe Harbor.
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