Renforth Completes First 1000m Drilling at Parbec
September 22, 2020 For Immediate Release CSE: RFR
Renforth Completes First 1000m Drilling at Parbec
Renforth Resources Inc. (CSE – RFR) (OTC US– RFHRF) (WKN - A2H9TN) (“Renforth” or the “Company”) is pleased
to inform shareholders that 1000m drilled mark has been crossed for the Fall 2020 drill program at Parbec ,
expected to consist of ~7200m, with the three drill holes completed to date as follows;
PAR-20-100 (proposed DDH #8) – this hole was drilled due north, through the Cadillac Break, for 405m,
encountering the expected Parbec lithologies, including the “ma gnetic diorite”, associated with the presence of
gold. Samples have been selected, split, and have been delivered for assay.
PAR-20-101 (proposed DDH #9) – this hole was drilled due north, through the Cadillac Break, for 291m, again
intersecting the expect ed lithologies associated with gold at Parbec, including felsites, diorite, sheared diorites
and “tuff” zones. Samples have been selected, split and will shortly be delivered for assay.
PAR-20-102 (proposed DDH #10) – this hole was drilled perpendicular to the Break, as is typical at Parbec, and
drilled for 505m before terminating in the volcanics on the north side of the Cadillac Break earlier today. This hole
also intersected the targeted lithologies, including the “magnetic diorite”. This hole is being logged and samples
selected and split to be sent for assay.
Suite 269 – 1099 Kingston Road
Pickering, ON L1V 1B5
www.renforthresources.com
The next hole in the program, DDH #13, was commenced during the night and is drilling due north.
Each of the drill holes in this program have been planned to, if successful, add ounces to the Parbec Open Pit
Constrained Resource Estimate (May 2020) which demonstrates an Indicated 104,500 ounces of gold at a grade
of 1.78 g/t and an Inferred 177,300 ounces of gold at a grade of 1.77 g/t Au, as presented below.
This program is fully funded, with cash and securities in Renforth ’s accounts currently in excess of CAD
$4,800,000, with an additional CAD $3,240,000 in proceeds from a fully subsc ribed issuance of 24 million shares
of Renforth at a price of $0.135 cents per share (there are no warrants associated with this placement), to be
received upon closing on or about the end of this month. The current program is expected to cost approximately
1.25 million, leaving Renforth well funded into the New Year. Renforth does not anticipate any further private
placement financing in the foreseeable future, the funds on hand will be used to advance Parbec through a
resource expansion phase, to be con tinued with additional drilling in the New Year followed by a resource re -
calculation, and some prudent expenditure at Surimeau and Malartic West. Results for both Surimeau and
Malartic West have now been received from the lab and will be press released u pon the completion of
interpretation, anticipated in the next two weeks.
In the ongoing program Renforth has commenced drilling due north with several drill holes , these are unlike all
the previous drilling which was perpendicular to the Cadillac Break (generally drilled to the NE or the SW) ,
whereas the current holes, as can be seen on the map, cross the Break at an angle . The reason for this is that
Renforth’s geological team believes there are likely cross-cutting structures (across the Break), which would have
been missed in previous drill programs targeting mineralization running “with” the Cadillac Break, in a NW/SE
direction, across the property. Structures cross-cutting the Break would be running in a NE or SW direction, beside
(and parallel to) the prior drilling, and therefore potentially not intersected by that drilling. With Renforth as well
funded as it now is there is budget room available to drill holes due north and test this hypothesis within the
ongoing robust drill program.
PARBEC MAY 2020 OPEN PIT CONSTRAINED RESOURCE ESTIMATE
Brian H. Newton P.Geo, a “qualified person” under NI 43-101, has reviewed and approved the technical disclosure
in this press release.
For further information please contact:
Renforth Resources Inc.
Nicole Brewster
President and Chief Executive Officer
T:416-818-1393
#269 – 1099 Kingston Road, Pickering ON L1V 1B5
ABOUT RENFORTH
Renforth Resources Inc. is a Toronto-based gold exploration company with six wholly owned surface gold bearing
properties located in the Provinces of Quebec and Ontario, Canada.
In Quebec Renforth holds the Parbec Property in the Malartic gold camp, with gold pr esent at surface and to
some depth, located on the Cadillac Break , contiguous to the East Amphi portion of the Canadian Malartic Mine
property. Parbec carries an open-pit constrained 43-101 resource with additional gold bearing structures, outside
of the C adillac Break on the property, outside of the current resource . Renforth also holds Malartic West,
contiguous to the western boundary of the Canadian Malartic Mine Property, located in the Pontiac Sediments,
this property is gold bearing and was the recent site of a copper discovery. Renforth has acquired the Surimeau
property, also contiguous to Canadian Malartic and the southern border of the Malartic West property. Surimeau
hosts polymetallic mineralization and represents the consoli dation of four histo ric properties into one property
for the first time. In addition to this Renforth has optioned the wholly owned Denain -Pershing gold bearing
property, located near Louvicourt, Quebec, to O3 Mining Inc.
In Ontario , Renforth holds the Nixon -Bartleman surf ace gold occurrence west of Timmins , Ontario, drilled,
channeled and sampled over 500m – this historic property also requires additional exploration to define the
extent of the mineralization.
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 i s 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.