23November,2017 CSE:RFRForImmediateRelease
RenforthCommencesGeophysicsonDenain-PershingPropertyRenforthResourcesInc.(CSE–RFR)(“Renforth”orthe“Company”)ispleasedtoannouncethatEagleGeophysicsofSorel,QchasbeenretainedtoflyahelicopterbornehighresolutionQuadri-Mag,VLFandAFMAGSurveyoverthesouthernportionoftheDenain-PershingProperty.Thissurveyhasbeendesignedtotieintotheexistinghigh-qualitygeophysicalinformationavailableonthenorthernportionoftheproperty.Thelargelyunexploredsouthernportionofthepropertyoffersseveralfieldtargets,toberefinedbygeophysicsoncecompleted.
TheDenain-PershingPropertyoffersthefollowingexplorationtargets;1–TheAmericgoldoccurrenceinthesouthernportionofthepropertywithinabandedironformation,2–TheMatchi-Manitoucopper-zincoccurrence,3-ThePershinggoldbearingbandedironformationwithindicatedcontinuitytothesouth,
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4–AstrikecontinuationoftheChimoMinehoststructure(CadillacBreak)throughunexploredterrain.“WelookforwardtoourinitialexplorationstepscommencingatourDenain-PershingProperty,highqualitygeophysicswillallowustoassessourcurrentlyknownmineralizationinthesouthandoffertargetsforfieldfollowupintheentireun-exploredcentralportionoftheproperty”statesNicoleBrewster,PresidentandCEOofRenforth.Mark Wellstead P.Geo, OGQ Special Authorization #388 of Minroc Management is a“qualified person” pursuant to the guidelines of National Instrument 43-101 and hasreviewedandapprovedthetechnicaldisclosureinthispressrelease.ABOUTRENFORTH’SPORTFOLIORenforth has recently raised just over $600,000 and has commenced deploying thiscapitalinconnectionwithpropertyexploration,acquisitionandpayments.Recently,inaddition to this acquisition of additional gold bearing ground in the Val d’Or miningcamp, Renforth has completed a field program on its gold resource bearing ParbecProperty, located contiguous to the large, open pit Canadian Malartic Mine, on theCadillac Break outside the Town of Malartic, Quebec. A discovery of a new goldmineralization type at Parbec this season was press released on July 12, 2017, thismineralizationisoutsideoftheareaofthemaidengoldresourceestablishedbyRenforthat Parbec inMarch 2016. That resource tonnage consists of 262,230 t Indicated at agradeof3.62g/tAucontaining33,592ouncesand7,256,872tInferredatagradeof2.01g/tAurepresenting514,108ounces(pressreleaseMar7,2016). Renforthispresentlyawaitingthebalanceofassayresultsfromthisprogramandwillpressreleasethoseonceavailable.Renforthdeemsthisprogramsuccessfulinthatitresultedinanewdiscoveryandwillofferdrilltargetsinthatandotherunexploredareasofthatproperty.Additionally Renforth has recently optioned its’ wholly owned brownfield explorationWest Malartic property, also contiguous to the Canadian Malartic open pit mine, toSOQUEM,aQuebeccrowncorporationwithexpertiseinthediscoveryanddevelopmentofnewmineralassetsintheProvinceofQuebec.RenforthlooksforwardtotheresultsofSOQUEM’s required $1,300,000 in exploration on the property, with an initial,committedandapprovedbyRenforth,$300,000programconsistingofprospectingandgeophysicsexpectedtobecommencedinthenearfuture.InadditiontothesecurrentlyactivemineralassetsRenforthalsoownsthegoldresourcebearing New Alger Project, located on the Cadillac Break approximately equidistantbetween Rouyn and Val-d’Or Quebec. This property presently consists of both thehistoric Thompson-Cadillac Mine where Renforth established a maiden Inferredresourceof3,505,000tonnescontaining237,000ouncesofgoldatagradeof2.1gt/tAu(July 17, 2014) at surface. This shares the vein structure of the adjacent historicproducerof>500,000ouncesofgoldatanaveragegradeofapproximately15g/tAu,theO’Brienmine.AlsoonthepropertyisRenforth’sdiscoveryofgoldbearingquartzveinsonsurface in thesedimentssouthof themine. Thisveinsystemhasbeen tracedover
>450mandreturnedgradesincluding11.6g/tAuover0.5m(pressreleaseDec9,2014),this surface discovery is not included in the resource. Renforth’s has successfullystripped a 230m portion of the gold bearing surface quartz veining and is awaitingassays,thesewillbepressreleasedoncecompiledandinterpreted.InOntarioRenforthholdstheNixon-Bartlemanproperty,locatedwestofTimmins.Thisproperty has seen intermittent exploration, with a significant amount of work done,includingRenforth’sownsurface channelwhichassayed22.1g/tAuover0.3m(pressreleaseSept.10,2014)partofastructurallycontrolledmineralizedsystemnowtracedover>450monsurface.Renforth’snextstepatthispropertywillbeacompilationofalloftheexplorationdata.Forfurtherinformationpleasecontact:RenforthResourcesInc.NicoleBrewsterPresidentandChiefExecutiveOfficerC:416-818-1393E:[email protected]#200–65FrontSt.E,Toronto,ONM5E1B5Nosecuritiesregulatoryauthorityhasapprovedordisapprovedofthecontentsofthisnewsrelease.ForwardLookingStatementsThis news release contains forward-looking statements and information underapplicable securities laws. All statements, other than statementsof historical fact, areforwardlooking.Forward-lookingstatementsarefrequentlyidentifiedbysuchwordsas‘may’, ‘will’, ‘plan’, ‘expect’, ‘believe’, ‘anticipate’, ‘estimate’, ‘intend’ and similar wordsreferringtofutureeventsandresults.Suchstatementsandinformationarebasedonthecurrent opinions and expectations ofmanagement. All forward-looking information isinherently uncertain and subject to a variety of assumptions, risks and uncertainties,including the speculative nature of mineral exploration and development, fluctuatingcommodityprices,therisksofobtainingnecessaryapprovals, licensesandpermitsandthe availability of financing, as described in more detail in the Company’s securitiesfilingsavailableatwww.sedar.com.Actualeventsorresultsmaydiffermaterially fromthoseprojected in the forward-looking statements and the reader is cautionedagainstplacingunduereliancethereon.Forward-lookinginformationspeaksonlyasofthedateonwhichitisprovidedandtheCompanyassumesnoobligationtoreviseorupdatetheseforward-lookingstatementsexceptasrequiredbyapplicablelaw.
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