Renforth Commences Fall Exploration and Drilling Programs at Malartic West, New Alger
October 31, 2019 CSE: RFR
For Immediate Release
Renforth Commences Fall Exploration and Drilling Programs at Malartic West, New Alger
Renforth Resources Inc. (CSE – RFR) (OTC Pink – RFHRF) (“Renforth” or the “Company”) offers shareholders the
following update:
• Malartic West exploration has resumed on the Beaupre copper discovery, paused in consideration of
local hunters, with prospecting and trenching to trace and potentially expand the surface copper/silver
discovery, also possible work at the low grade gold anomaly in the south as further detailed below.
• New Alger in November will be drilled again! Last drilled in 2015, work planned includes below the 270m
of gold exposed in the Discovery Vein surface stripping, further details are offered below.
• Resource Estimate Updates significant progress made with New Alger and Parbec Mineral R esource
Estimates, open pit optimization underway at New Alger, wireframing nearly complete at Parbec.
• Financing completed as summarized below, Renforth is funded for the planned exploration
Malartic West
Brief work at the property in August, which included some sampling at the Beaupre copper showing, yielded an
additional grab sample high value of 3.59% Cu and 6.62 g/t Ag, in addition to other sample results previously
announced obtained over the 60m exposure at Beaupre. This copper showing is a discovery program, with no
prior work and little geophysical coverage. Renforth is currently in the field prospecting and trenching, searching
for extensions to this occurrence. In addition to field work Renforth is pursuing data acquisition, this includes a
LWIR (longwave infrared) study obtained from Japanese ASTER satellite imagery interpreted by DIRT Exploration
of South Africa. While this data is coarse (90m resolution) a chalcopyrite anomaly co -incident with the Beaupre
showing registers, this ~1km long anomaly is the initial prospecting target.
Suite 269 – 1099 Kingston Road
Pickering, ON L1V 1B5
www.renforthresources.com
Also at Malartic West, and depicted above and below , is the Surimau low grade gold occurrence, which based
upon initial discovery sampling and historic drill holes, is gold occurring in the sediments and the Lac Surimau
granodiorite, in an area of structural complexity and numerous targets. Renforth hopes to carry out additional
prospecting at this location this fall, however, snow is possible as early as the end of this week, weather will affect
how much field work gets completed at Malartic West, ahead of drilling at New Alger. Snow and t he onset of
winter does not affect drilling at New Alger
.
New Alger
Drilling at New Alger will commence next week, with drill mobilization scheduled for Monday. Targets for this
drill program are being finalized, a process which is aided by the recently completed 3d modelling of New Alger,
including the Discovery Veins, c ompleted by P&E Mining Consultants Inc. a part of the new Mineral Resource
Estimate for New Alger. In general terms it is expected that the drill program will include the following targets (1)
the Discovery Veins including the western end, the eastern end and under the main historic blast pit (2) the
vicinity of Shaft #2 in the Thompson -Cadillac Mine, sunk into the #2 Vein at New Alger and (3) the +100 feet of
Albite mapped underground in the north crosscut at the 300 level of the Thompson -Cadillac Mine. Al bite is a
lithology that is present in the Cadillac Mining Camp which is very brittle and very prospective as a gold host, in
part as it is considered genetically related to the gold bearing solutions which formed the Camp. These are only
a few of the target areas which Renforth’s geological model presents, all are being considered and prioritized.
Mineral Resource Estimate Updates
At New Alger the drill and surface exploration data has been used to create a 3d model, with wireframe solids
created which define the veins drilled at New Alger to date. Based upon the grades contained within the solids
the software program calculated and constructed a block model, with each block having a metal value. This block
model is being run though a pit optimization software package by P&E Mining Consultants Inc., the end result of
which will b e a Mineral Resource Estimate expressed as “pit constrained ” and “outside of pit ” mineralization.
Renforth looks forward to receipt of all of this information and will publish it in due course.
At Parbec the Mineral Resource Estimate update is also proceeding, the 3d model has been built with the drill
and surface exploration data, the process of wireframing to create solids has begun. While not as far along in the
process as New Alger, Parbec is also proceeding smoothly and will also be released once available.
New Alger 3d Model (Looking NW)
Financing
Renforth has completed a closing of a private placement with the issuance of 1,500,000 common share units,
each unit priced at $0.05 and consisting of one common share and one warrant to acquire an additional common
share at a price of $0.075 for a period of 24 months, and 5,488,000 flow through share units, each flow through
unit priced at $0.06 and consisting of one share issued on a “flow -through” basis and one warrant to acquire an
additional common share at a price of $0.10 for a period of 24 months, for a total raised in this closing of $404,280.
Commission and fees totaling $25,862 in cash were paid, 436,373 broker’s warrants entitling the holder to acquire
an additional common share at $0.10 were issued pursuant to this closing.
Technical information in this press release was reviewed and approved by Brian H. Newton P.Geo, a “ Qualified
Person” pursuant to NI 43-101.
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 Cadilla c and Malartic 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 th is 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 surface gold occurrence west of Timmins Ontario, drilled,
channeled and samp led 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 managem ent. 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.