Renforth Advances New Discovery at Wholly Owned Parbec Gold Project
A p r i l 1 6 , 2 0 1 9 C S E : RFR
For Immediate Release
Renforth Advances New Discovery at Wholly Owned Parbec Gold Project
Renforth Resources Inc. (CSE – RFR) (“Renforth” or the “Company”) is pleased to announce that
exploration work is ongoing at our wholly owned Parbec project, with a particular focus on the
recently discovered Diorite Splay Zone in the sediments in the NW portion of the property. Renforth’s
geologists are in the field and have selected representative gold‐bearing and non gold‐bearing
samples for several of the rock types at Parbec in order to do thin section work on the core. The goal
of thin section work at this stage of development at the Parbec deposit is to identify the nature and
setting of, and minerals associated with, gold which has been intersected in Parbec drill core.
Parbec
In addition to this Renforth is working on a compilation and remodelling of our Parbec data, this has
revealed that a surface prospecting campaign in June 2017 that focused on several areas of the
property included results relevant to the recently discovered Diorite Splay Zone. The 2017 program
was recognized then as resulting in the discovery of the Island Trench Zone with grab samples of 9.6
g/t Au and 3.69 g/t Au, as well as a channel of 2.12 g/t Au, all press released on July 12 2017. This
discovery became the focus of the program, with other results obtained at that time unreported on,
including in the Diorite Splay Zone. Renforth will be undertaking a prospecting and stripping
campaign to follow up on the data generated in 2017 as soon as weather permits, anticipated to be
mid‐May. Details of that program will be announced once finalized.
Fundraising
Renforth completed a private placement financing raising $187,000 through the issuance of 2,240,000
common units (“Units”) at $0.05 per Unit and 1,500,000 of flow‐through units (“FT Units”) at $0.05 per
FT Unit. Each Unit consists of one common share and one common share purchase warrant
(“Warrant”). Each Warrant entitles the holder to purchase one common share in the capital of the
Company at a price of $0.10 for a period of 24 months following closing. Each FT Unit consists of one
common share and one‐half common share purchase warrant (“FT Warrant”). Each FT Warrant entitles
the holder to purchase one common share in the capital of the Company at a price of $0.12 for a period
of 18 months following closing.
This fundraising was designed as sufficient to finance the field work at Parbec as well as compilation
and field work on our wholly owned gold bearing Nixon‐Bartleman property in West Timmins this
spring. Details of planning for that program will be released once available.
Nixon‐Bartleman
At Nixon‐Bartleman we are planning a Spring 2019 follow up to our Summer 2014 work where we
announced, on September 10, 2014, that our initial reconnaissance mapping and sampling program
resulted in the extension of the known surface mineralization to a length of 500m from the previously
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known 200m. In doing this our geologists cut channel samples which included 9.41 g/t Au over 1m in
the known stripped area and 22.1 g/t Au over 0.3m and 3.90 g/t Au over 0.3m, which result in an
average of 13 g/t Au over 0.6m in the extension of mineralization area.
Brian H. Newton P.Geo, a qualified person pursuant to the guidelines contained in National
Instrument 43‐101, has approved the technical information found in this press release.
For further information please contact:
Renforth Resources Inc.
Nicole Brewster
President and Chief Executive Officer
T:905‐831‐9606
#269 – 1099 Kingston Road, Pickering ON L1V 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 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’, ‘w ill’, ‘plan’, ‘expect’, ‘believe’,
‘anticipate’, ‘estimate’, ‘inten d’ and similar words referring t o f u t u r e e v e n t s a n d r e s u l t s . S u c h
statements and information are based on the current opinions an d 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 proje cted 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.