Renforth Identifies Surimeau Project, with ~19km Polymetallic Mineralized Trend
July 6, 2020 For Immediate Release CSE: RFR
Renforth Identifies Surimeau Project, with ~19km Polymetallic Mineralized Trend
Renforth Resources Inc. (CSE – RFR) ( US OTC – RFHRF) (WKN - A2H9TN) (“Renforth” or the “Company”) has
completed our June field work successfully and is particularly impressed with the results of our initial prospecting
work at Malartic West, results will be released as available.
• Malartic West - visual confirmation of the presence of mineralization, n oted historically, was obtained.
This included sphalerite and minor chalcopyrite set within multiple felsic units, interlayered with narrow
bands of graphitic shale . Also encountered were multiple bands of ultramafic rocks, including
serpentinite and pyrox enites, these were historically investigated for their nickel content. Renforth’s
investigation, and assay protocols, extends to testing for gold, nickel, copper, zinc and PGEs. With the
exception of PGEs each of these metals was historically documented in various programs and locations
within the system. The relationship between the felsic and ultramafic mineralization has not yet been
determined.
The southern claims, the focus of the work, hosted 3 areas of historic mineralization, in two bands
approximately 4 kms apart (north -south) with a strike length of approximately 19 kms (east -west)
between them, previously referred to as Lalonde, Victoria and Colonie. Renforth is the first company to
consolidate all of these historic mineralized areas and approach them as a system. Renforth will, going
forward, refer to this system as the Surimeau Project, separating the claims out of the Malartic West
block.
• Parbec – obtained with prospecting was an extension of the Diorite Splay veining on surface, with
additional veining uncovered and sampled, assay results pending. The structural interpretation of the
mineralization in the sediments is continuing, sampling end ed due to overburden beyond hand tool
abilities in one direction and with the vein entering a fault in the other.
• Beep Mat - data was successfully acquired at both New Alger, in the area of the Discovery Veins, and at
Parbec, in the area of the Diorite Splay. Some initial prospecting was carried out with this d ata,
interpretation of the data is pending.
Renforth has completed a private placement with the issuance of 100,000 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 $0.07 for a period of 24 months, and 4,236,372 flow through share units, each unit priced at $0.055 and
consisting of one share issued on a “flow-through” basis and one warrant to acquire an additional common share
at a price of $0.075 for a period of 24 months, for a total raised in this closing of $238,000. A commission totaling
$14,000 in cash and a total of 254,545 broker warrants was paid pursuant to this closing. The use of these funds
is a drilling program on the Discovery Vein gold mineralization at New Alger. Currently the resource geologist and
the exploration geologist team are working together to develop a program which will include infill drilling within
the stripped area and step out drilling to the west, within the surface sampled but undrilled strike of the Discovery
Vein system. Drilling is expected to commence in late July, once scheduled blasting of certain areas of the
Discovery Veins surface mineralization is complete.
Brian H. Newton P.Geo is a “qualified person” pursuant to the guidelines within NI 43-101 and has reviewed and
approved the technical disclosure within this press release.
Suite 269 – 1099 Kingston Road
Pickering, ON L1V 1B5
www.renforthresources.com
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, 2 of those with open pit, and outside of pit, constrained gold resources in place, located in the
Provinces of Quebec and Ontario, Canada.
In Quebec Renforth holds the New Alger and Parbec Gold Resource Properties, in the Cadillac and Malartic gold
camps respectively, w ith gold present at surface and to some depth, located on the Cadillac Break. Both
properties have NI 43 -101 open pit constrained, and out of pit, gold resources calculated. In both instances
additional gold bearing structures, other than the Cadillac Brea k, 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 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 occurr ence 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 content s 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 sta tements 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 project ed 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.