New Alger Surface Gold Mineralization to be Mini-bulk Sampled
July 14, 2020 For Immediate Release CSE: RFR
New Alger Surface Gold Mineralization to be Mini-bulk Sampled
Renforth Resources Inc. (CSE – RFR) (OTC Pink – RFHRF) (WKN - A2H9TN) (“Renforth” or the “Company”) would
like shareholders to know that July 2020 field work at New Alger has commenced. Plans for our wholly owned
open pit constrained gold resource property in July 2020 are blasting a mini -bulk sample in the area of the
Discovery Veins and drilling both infill and step out holes in the Discovery Veins. Please see below for more
information regarding New Alger, its resource and our plans.
Blasting
Our geologist is in the field this week preparing the site for blasting in four selected locations within the 275m
stripped portion of the Discovery Veins. Management will be on site for the blast with several of our consulting
geologists, imagery and video will be posted to social media channels. The purpose of this blast is to create fresh
rock for visual evaluation, assaying and if warranted by the assay results processing for the recovery of gold.
Drilling
Suite 269 – 1099 Kingston Road
Pickering, ON L1V 1B5
www.renforthresources.com
Our exploration team and the resource team have plan ned a drill program designed to begin the infill of the
Discovery Vein, which we have drilled with a widely spaced maiden 7 drill hole program, each of these drill holes
intersected gold in quartz veining both within and outside of the stripped area (PR Ja n 21 2020). This program
has been designed to begin to fill in the gaps within our resource model caused by gaps in the drilling, and to also
step outside of the stripped area to the west. Results obtained in the field may change the drilling plans. It is
anticipated drilling will be underway early next week.
New Alger Pit Constrained Gold Resource 3d Model
The above images, taken from the New Alger video on our website, illustrate the location of the Discovery Veins
relative to the main mineralized area of the property, the former Thompson -Cadillac Mine which is on the
southern edge of the Cadillac Break. In addition , in the view of the pits looking SW the viewer can see that each
little pit is associated with a location of one of three 2 drill hole fences which were drilled in the maiden November
2019 program.
NEW ALGER MINERAL RESOURCE ESTIMATE (1-6)
Area Classification Cut-off Au
(g/t)
Tonnes
(k)
Au
(g/t)
Au
(koz)
Pit
Constrained
Indicated 0.32 1,016 1.88 61.5
Inferred 0.32 2,322 1.65 123.3
Out-of-Pit Indicated 1.44 19 1.81 1.1
Inferred 1.44 904 2.23 64.7
Total Indicated 0.32 + 1.44 1,035 1.88 62.6
Inferred 0.32 + 1.44 3,226 1.81 188.0
1) 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.
2) The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an
Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected
that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource
with continued exploration.
3) The Mineral Resources in this report 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 the CIM
Council.
4) Historically mined areas were depleted from the Mineral Resource model.
5.) The pit constrained Au cut-off grade of 0.32 g/t Au was derived from US$1,450/oz Au price, 0.75 US$/C$
exchange rate, 95% process recovery, C$17/t process cost and C$2/t G&A cost. The constraining pit
optimization parameters were C$2.50/t mineralized mining cost, $2/t waste mining cost, $1.50/t
overburden mining cost and 50 degree pit slopes.
6.) The out of pit Au cut-off grade of 1.44 g/t Au was derived from US$1,450/oz Au price, 0.75 US$/C$
exchange rate, 95% process recovery, C$66/t mining cost, C$17/t process cost and C$2/t G&A cost. The
out of pit Mineral Resource grade blocks were quantified above the 1.44 g/t Au cut-off, below the
constraining pit shell and within the constraining mineralized wireframes. Additionally, only groups of
blocks that exhibited continuity and reasonable potential stope geometry were included. All orphaned
blocks and narrow strings of blocks were excluded. The longhole stoping with backfill method was
assumed for the out of pit Mineral Resource Estimate calculation.
Brian H. Newton P.Geo is a “qualified person” pursuant to the requirements of National Instrument 43 -101. He
has reviewed and approved the technical information in this press release.
Renforth would like to inform the reader that it is anticipated there will be a second and f inal closing to our
previously announced financing on July 20th 2020. (PR July 6, 2020)
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 five wholly owned surface gold bearing
properties located in the Provinces of Quebec and Ontario, Canada.
In Quebec Renforth holds the New Alger and Parbec Properties, in the Cadillac and M alartic gold camps
respectively, with gold present at surface and to some depth, located on the Cadillac Break. In both instances’
additional gold bearing structures, other than the Cadillac Break, have been found on each property and require
additional exploration. 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. In addition to this Ren forth 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 surface 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 new s 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 is cautio ned 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.