Parbec Assays 13m of 1.72 g/t Au in the Sediments
January 11 2021 CSE: RFR
For Immediate Release
Parbec Assays 13m of 1.72 g/t Au in the Sediments
Renforth Resources Inc. (CSE – RFR) (“Renforth” or the “Company”) is pleased to provide shareholders
with the most recent assays, including 13m of 1.72 g/t Au, from our Fall 2020 9,644m drill program at
Parbec, designed to add ounces to our NI 43-101 Resource Estimate Open Pit Constrained Gold Deposit,
adjacent to, and on strike of, the Canadian Malartic Mine, Canada’s largest gold mine, currently
operating as an open pit. Today’s press release brings to 5 the drillholes reported on, out of 27 drilled
in the program. Highlights for PAR -20-103, PAR-20-104A and PAR-20-104, each of which intersected
gold, as did each of the prior 40 holes drilled by Renforth at Parbec, are as follows;
PAR-20-103 Highlights
Drillhole From (m) To (m) Length (m) Au g/t
PAR-20-103*
7.2 13 5.8 1.23
Including* 8.2 9.5 1.3 4.43
PAR-20-103* 62.75 63.3 0.55 2.32
PAR-20-103 131.3 135.3 4 1.8
*Previously press released Dec. 16 2020
PAR-20-104A Highlights
Drillhole From (m) To (m) Length (m) Au g/t
PAR-20-104A 25.5 31.5 6 1.25
PAR-20-104A 53 66 13 1.72
PAR-20-104 Highlights
Drillhole From (m) To (m) Length (m) Au g/t
PAR-20-104 25.5 27 1.5 0.6
PAR-20-104 62.5 66 3.5 0.7
PAR-20-104 76.5 78 1.5 0.79
PAR-20-104 352.7 354 1.3 0.62
PAR-20-104 434.4 436.5 2.1 0.5
PAR-20-104 448 451.6 3.6 1.63
PAR-20-104 448 450.1 2.1 2.17
“Parbec continues to deliver gold assays, I worry that our press releases are repetitive, but then I figure
that this sort of repetitive press release, more gold assays at Parbec, cannot possib ly be a bad thing.
We look forward to resuming work splitting samples for the 7 holes not yet sent to the lab, then getting
the drill turning on the balance of our 15,000m program at Parbec, in the very near future” states Nicole
Brewster, President and CEO of Renforth.
Suite 200 – 65 Front St. East
Toronto, ON M5E 1B5
www.renforthresources.com
Interpretation of Results
PAR-20-104A and PAR-20-104 were drilled from the same collar location.
PAR-20-201A was terminated at 66m, we now know within mineralization, as blocky ground had caused
the hole to shallow and deflect from the planned dip and azimuth. For the entire length of the
terminated hole the core consists of sediments, consistently along almost the entire 66m is the logging
of quartz/albite/carbonate veinlets, running with (parallel), and across (perpendicular), the drill core.
The drillhole was drilling to the NE, perpendicular to the Cadillac Break. In outcrop on surface at Parbec
there are several instances where structures, including veinlets, are observed as running parallel to the
Cadillac Break , these would appear perpendicular in the drill core . It is possible that the drill hole
intercepted and ran along veinlets that are also perpendicular to the Cadillac Break (these would
appear parallel to the drill core), that is not yet confirmed.
PAR20-104, drilled from the same set up, was the same as PAR-20-104A for the first 66m, in sediments
in blocky ground, largely comprised of qua rtz/albite/carbonate veinlets running with and across the
drill hole. At this time the difference in width and grade, between two holes which are fairly close
together, is being attributed to the nugget effect known to occur at Parbec , as visually the core is
identical. Small specks of visible gold have previously been observed in similar veinlets at Parbec, while
not logged as visible in this instance, the presence of coarse gold would explain the difference between
the two holes.
These holes also confirm that there is a highly prospective gold bearing packa ge at Parbec located
within the sediments, outside of the Cadillac Break and its mineralized lenses, which requires additional
follow up work.
Sample results reported on in this press release were logged and split in the field, bagged, tagged and
sealed, then delivered personally by project geologists to ALS Canada Ltd. in Val d’Or, Quebec. The
samples were assayed using fire assay for gold with a gravimetric finish.
Francis R. Newton P.Geo (OGQ# 2129) a “qualified person” pursuant to the requirements of 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
C:416-818-1393
#200 – 65 Front St. E, Toronto, ON M5E 1B5
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 applicab le 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 sim ilar 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 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.