23January,2018 CSE:RFRForImmediateRelease
RenforthextendsParbecGoldDepositstrike60mwithgoldinall7drillholesRenforthResourcesInc.(CSE–RFR)(“Renforth”orthe“Company”)ispleasedtoannouncethatDecember2017drillinghasextendedthemineralizedresourcemodelhorizonsatParbecby60monstriketotheNWwithgoldintersectedineachofsevenholes.Infact,thenorth-westernmost,PAR-17-69,encounteredgoldoveratotalof22minonelithology.TheDecemberdrillprogramwasasuccessandvalidatedmanagement’sinterpretationofthedeposit.Acomprehensiveprogramsummary,includingassayresults,discussionofresultsofeachhole,anillustrationofthedrillholesrelativetothetuffhorizonoftheresourcemodelandcomparisontotheadjacentEastAmphiMineportionoftheCanadianMalarticMinepropertyareallincludedinthispressrelease.RenforthhasmadetheJanuary2018paymentof$125,000requiredundertheoptionagreement,atthistimetheJanuary2018drillprogramatParbecisongoing,resultsforthecurrentprogramwillbereleasedonceavailable.“OurfirstexplorationdrillingatParbecextendedthemineralizationoutsideofourmodel,orfilledingapswithinourmodel,witheverydrillhole.Withdowndip,updipandstrikeextensionswhereourresourcemodelandgeologicalunderstandingindicatedtheyshouldbefoundwehavevalidatedourmodelandincreasedtheknownmineralizationatParbec.ItisveryexcitingtohavetheopportunitytobuildvaluewhilewegrowourdepositsizerightbesideoneofCanada’slargestgoldmines,inaverymatureminingcamp,inthemostcost-effectiveprojectsettingwecoulddesire.Ilookforwardtocontinuingtodrilloffthisdeposit.”StatesNicoleBrewster,PresidentandCEOofRenforth.TuffHorizonSchematicLongSectionwith2017PiercePointsDepictedinthisillustrationisaportionofthepropertyandofthetuffhorizon,whichwasusedinthemaidenParbecResourcepublishedbyRenforthinMarch2016withtheDecember2017drillingpiercepointsonalongsectionthroughaportionofthedeposit,orientedNW/SE.Otherhorizonswithintheresourcearenotshowninthislongsection,theseotherhorizonsaresouthofthetuffhorizon,closertotheviewer,ineachdrillholetheotherhorizonswerealsointersected.Thegeologicalinterpretation,illustratingtherelationshipofthefelsite,porphyry,dioriteandtuffhorizonsfollowsthelongsection.
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IdealizedCrossSection
SelectedAssayResults
Hole# From ToLength(m) Aug/t
PAR-17-63 44.75 55.8 11.05 2.34 including 45.3 48 2.7 6.15 including 53 55.8 2.8 2.33PAR-17-63 188 192.4 4.4 1.11 including 189.7 190.7 1 4.4PAR-17-64 48.4 54 5.6 0.42 including 52.5 54 1.5 1.95PAR-17-64 93.8 94.8 1 1.68
PAR-17-64 103 118.35 15.35 1.15 including 103 104 1 2.46 including 108.2 110.75 2.55 2.94 including 112.7 117.4 4.7 1.11PAR-17-65 13 15 2 1.31PAR-17-66 81 84.05 3.05 0.41PAR-17-67 76.5 79.5 3 1.34PAR-17-67 122.9 127.9 5 1.14 including 124.9 125.9 1 3.22PAR-17-67 162.5 189 26.5 0.64 including 166 183 17 0.67 including 166 171 5 0.99PAR-17-68 83 86 3 0.74 including 85 86 1 1.42PAR-17-68 89.9 113.1 23.2 1.25 including 92 98.3 6.3 2.64 including 92 96 4 3.39 including 94 96 2 5.36PAR-17-69 23.6 26 2.4 1.03 including 25 26 1 2.34PAR-17-69 49.1 71.4 22.3 0.6 including 61.7 71.4 9.7 0.81 including 61.7 66.4 4.7 1.26
DrillProgramResultsbyDrillholeDrillholesarenumberedintheorderdrilled,the“P”seriesofnumbersrefersbacktoRenforth’sNov.29,2017pressreleaseannouncingtheprogram,theholetargetisreferredtointhesamerelease,thelinenumberindicatestheUTMEastingtheholewascollaredon,drillingcovered525metreseast/west.PAR-17-63–P12-#2ZoneInfill–line5450
• ThisholewasdesignedtotwinPAR-86-06whichgaveresultsof5.46g/tAuover12.5m.SuccessfullytwinnedwitharesultinPAR-17-63of2.34g/tAuover11.05m,resultsdemonstratenuggeteffect
PAR-17-64–P13-#2ZoneInfill–line5525• Thisholeresultedina45mdowndipextensionofmineralizationmodeledonDiorite
andPorphyryhorizonsandconfirmstheTuffzonePAR-17-65–P11–CampZoneExpansionandInfill–line5375
• Thisholeresultedinanupdipextensionof45m,fillingagapinthemodelPAR-17-66–P10–CampZoneExpansionandInfill–line5250
• Thisholeresultedina30mupdipextensionofthetuffzonePAR-17-67–P7–CampZoneExpansionandInfill–line5125
• ThisholeresultedindowndipextensionoftheTuffmineralizationby55manda25mstrikeextension
PAR-17-68–P4–WestCampZoneExtension–line5025• ThisholesuccessfullyintersectedtheTuffmineralizationseenin1940sdrilling,a35m
downdipextension,aswellasintersectingothermineralizedhorizons
PAR-17-69–P2–WestCampZoneExtension–line4925• ThisholeextendedthemineralizedpackageatParbecby60monstriketotheNW,
includingtheTuffzoneatdepthintheholeandatotalof22mofmineralizeddioriteandporphyrylensesinthetopofthehole
CanadianMalartic-EastAmphiMineRelationshipTheEastAmphiminewasoperatedbyMcWattersasanopenpitinthe“B”zoneafteracquisitionin1998withproductionof120,427tonnesoforeatanaveragedilutedgradeof5.66g/tAu1.Afteracquisitionin2003RichmontMinesInc.establishedresourcesinthemeasuredandindicatedcategoryasofDecember31,2005of1,436,052tonnesatagradeof5.33g/tAuforatotalof246,295ouncesofgoldandinferredresourcesstandat332,711tonnesat6.09g/tAufor65,134ouncesofgold2.InJuneof2007RichmontMineInc.recordsthesaleofEastAmphitoOsiskoExplorationLtd.forproceedsof$8,536,0003,todaytheEastAmphiMineformspartoftheCanadianMalarticMineproperty.RenforthhasinterpretedthemineralizedzonesatEastAmphi(A,B,P)assimilartothoseatParbec,the“A”zoneissimilartoParbec’s“Tuff”zone,lyingwithinthechloriteschists.The“B”zoneslieontheshearedcontactsofporphyryanddioritebodies,similartothedioritehostedzonesatParbec’s#2Zone,theEastAmphi“P”ZoneisinterpretedasthesameastheParbecPorphyries.TheresourcewhichwasoutlinedatEastAmphiwastoadepthof600m,thedeepestmineralizationwithintheParbecresourceisat275m,thedeepestgoldintersectionwithintheParbecdepositisataverticaldepthof738m.
Mark Wellstead P.Geo, OGQ Special Authorization #388 of Minroc Management is a “qualifiedperson”pursuant to theguidelinesofNational Instrument43-101andhas reviewedandapprovedthetechnicaldisclosureinthispressrelease.LeprésentcommuniquéestdisponibleenfrançaissurlapagewebdeRenforth.
Forfurtherinformationpleasecontact:RenforthResourcesInc.NicoleBrewsterPresidentandChiefExecutiveOfficerC:416-818-1393E:[email protected]#200–65FrontSt.E,Toronto,ONM5E1B51&2 “Modified East Amphi Technical Report Under the Form Regulation NI 43-101 Estimation ofmineralresourcesandreservesEASTAMPHIPROJECTMalartic,Quebec”PreparedforRichmontMinesInc.byJulesRiopel,M.Sc.,P.Geo.,MBAMay18,20063“ManagementDiscussionandAnalysis”RichmontMinesInc.August2,2007No securities regulatory authority has approved or disapproved of the contents of this newsrelease.ForwardLookingStatementsThisnews release contains forward-looking statementsand informationunderapplicable securitieslaws. Allstatements,otherthanstatementsofhistoricalfact,areforwardlooking.Forward-lookingstatements are frequently identified by such words as ‘may’, ‘will’, ‘plan’, ‘expect’, ‘believe’,‘anticipate’, ‘estimate’, ‘intend’ and similar words referring to future events and results. Suchstatementsandinformationarebasedonthecurrentopinionsandexpectationsofmanagement.Allforward-lookinginformationisinherentlyuncertainandsubjecttoavarietyofassumptions,risksanduncertainties, including the speculativenatureofmineralexplorationanddevelopment, fluctuatingcommodityprices,therisksofobtainingnecessaryapprovals,licensesandpermitsandtheavailabilityof financing, as described in more detail in the Company’s securities filings available atwww.sedar.com.Actualeventsorresultsmaydiffermateriallyfromthoseprojectedintheforward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-lookinginformationspeaksonlyasofthedateonwhichitisprovidedandtheCompanyassumesnoobligationtoreviseorupdatetheseforward-lookingstatementsexceptasrequiredbyapplicablelaw.
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