February 27, 2019
Renforth Resources Inc. (CSE – RFR)(“Renforth” or the “Company”) is pleased to announce the completion of our January/February 2019 drill program at Parbec. As we did in December of 2018 Renforth planned a drill program to extend the strike at Parbec and, in this program, explore down-dip extensions of the 2018 43-101 resource estimate at Parbec, 80% of which sits above a depth of 200m (technical report filed on SEDAR Nov. 8/2018).
The recent program consisted of 1767m of drilling in 5 drill holes, samples were selected, cut and submitted for assay, results are being received presently.
The first hole, PAR-19-95, a 59m step out east from our previously most-eastern hole at Parbec (PAR-18-78), was drilled for 252m testing for strike extension in general, specifically of the “magnetic diorite” intersected in PAR-18-78 which assayed 11.7 g/t Au over 4.7m from 160m down the hole (press released May 9, 2018). PAR-19-95 successfully met this objective, including a result of 25 g/t Au over 0.6m of core length, within a total 1.15m intersection assaying 17.55 g/t Au at a depth of 230.85m down the hole.
Highlights from the first hole in this program are presented below, additional results will be released as available. Also presented below is a plan map depicting the successful December 2018 in the NW end of the property, and the January 2019 drilling in the SE and central portion of the property.[/vc_column_text]
“I am pleased to have executed another drill program and to have commenced the delivery of results to the market in such a timely fashion, this press release demonstrates our success so far with another drill program at Parbec.” states Nicole Brewster, President and CEO of Renforth.
Parbec Drill Plan December 2018 and January 2019
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.
President and Chief Executive Officer
#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’, ‘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 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.