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Parbec Delivers Additional Significant Gold Intervals, Surimeau Program Update

Parbec Delivers Additional Significant Gold Intervals, Surimeau Program Update 


  • PAR-21-128 delivers 12.6m grading 4.39 g/t gold, as measured in the core box, including a  sub-interval of 4.1m of 9.3 g/t gold. 
  • PAR-21-128 also delivers 10.25m of 2.37 g/t gold as measured higher in the core box. PAR-21-129 delivers 3.5m of 5.89 g/t gold, as measured in the core box, amongst several  other intervals, including a high assay value of 15.4 g/t gold over 0.25m deeper in the hole. PAR-21-133, restated, delivers an interval of 12.5m of 6.9 g/t gold, as measured in the core  box. Several sub-intervals are presented below, the highest grade sub-interval is 118.7 g/t  gold over 0.35m. 
  • Both prospecting and now drilling are underway at Surimeau, prospecting has discovered  surface mineralization which can be tied in to mineralization drilled in Spring 2021, an update  on prospecting and drilling is presented below. 

Renforth Resources Inc. (CSE – RFR) (OTCQB– RFHRF) (FSE-9RR) (“Renforth” or the “Company”)  releases the following results and updates for our wholly owned Parbec gold deposit and our wholly  owned Surimeau nickel/copper/zinc project. 

Parbec Gold Deposit 

With this press release Renforth is disclosing additional positive drilling results for Parbec, specifically the results for PAR-21-128, PAR-21-129 and restating the results for PAR-21-133. The restatement  occurs due to an internal key punch error related to batch numbers. Each of these drill holes is  summarized below with assay results following. Management expects that these results will have a  positive impact on the upcoming resource restatement for Parbec, scheduled to take place  subsequent to the receipt of all the outstanding assay data. After consideration of today’s drill results  there are still 16 drill holes to be received and reported on from the 15,569m drill program at Parbec. 

PAR-21-128 Assay Highlights and Interpretation 

This hole was drilled as a downdip extension hole within the “Camp Zone” portion of the Parbec  deposit, successfully extending mineralization seen in PAR-17-67, which assayed 26.5m at a grade of  0.64 g/t gold, downdip by approximately 80m vertically. In PAR-21-128 the downdip extension is  expressed in two intervals, namely 12.6m of 4.39 g/t gold and 6m of 1.19 g/t gold, with incidental  gold values between the two, which would allow interval continuity but result in a lower grade. The  PAR-21-128 interval impacts the model positively as when modelling the mineralization can be  extended between the two holes. 

Drillhole  Grid N  Grid E  Dip  From (m)  To (m)  Length (m)  g/t Gold
PAR-21-128  5150  165  -55  94.7  95.7  0.54
PAR-21-128  5150  165  -55  205  206.5  1.5  0.52
PAR-21-128  5150  165  -55  233  234.05  1.05  1.23
PAR-21-128 including 

including 

5150 

5150 

5150 

165 

165 

165 

-55 

-55 

-55 

259.25 

259.25 

260.35 

269.5 

261.3 

261.3 

10.25 

2.05 

0.95 

2.37 

10.61 

17.44

PAR-21-128 including 

including 

including 

5150 

5150 

5150 

5150 

165 

165 

165 

165 

-55 

-55 

-55 

-55 

280.9 

280.9 

282 

285 

293.5 

287.2 

286.1 

286.1 

12.6 

6.3 

4.1 

1.1 

4.39 

7.71 

9.3 

22.3

PAR-21-128 including  5150 

5150 

165 

165 

-55 

-5 

297 

298.5 

303 

300.25 

1.75 

1.19 

2.436

 

*lengths are as measured in the core box, not true width 

PAR-21-129 Assay Highlights and Interpretation 

PAR-21-129 was a successful twin drill hole for PAR-88-42, drilled in 1988, which assayed 1.22 g/t gold  over 12m as measured in the core box. 

Drillhole  Grid E  Grid N  Dip  From (m)  To (m)  Length (m)  g/t Gold
PAR-21-129  5175  190  -45  115.35  116.05  0.7  1.48
PAR-21-129  5175  190  -45  120.35  120.6  0.25  2.17
PAR-21-129 

including 

5175 

5175 

190 

190 

-45 

-45 

136.5 

141 

144.65 

142 

8.15 

0.72 

1.33

PAR-21-129  5175  190  -45  184.15  185.15  1.03
PAR-21-129 

PAR-21-129 

5175 

5175 

190 

190 

-45 

-45 

220 

221.85 

223.5 

223.5 

3.5 

1.65 

5.89 

8.4

PAR-21-129  5175  190  -45  228  229  2.23
PAR-21-129 

including 

5175 

5175 

190 

190 

-45 

-45 

232 

234.7 

238.5 

234.95 

6.5 

0.25 

15.4

 

*lengths are as measured in the core box, not true widths 

PAR-21-133 (Restated) Assay Highlights and Interpretation 

The corrected results for PAR-21-133 deliver a highlight interval of 12.5m grading 6.9 g/t gold,  successfully twinning PAR-88-44 which assayed 6.32 g/t gold over 5.34m, in both instances as  measured in core. In addition, PAR-21-133 gave the highest assay value yet drilled at Parbec, with  118.7 g/t gold over 0.35m, within the highlight interval, details below.

Drillhole  Grid E  Grid N  Dip  From (m)  To (m)  Length (m)  g/t Gold

 

PAR-21-133 5325 243 -51 174.05 174.4 0.35 1.8 

PAR-21-133 

PAR-21-133 

including 

including 

including 

5325 

5325 

5325 

5325 

5325 

243 

243 

243 

243 

243 

-51 

-51 

-51 

-51 

-51 

232 

238.4 

241.5 

241.5 

243.3 

244.5 

244.5 

243.65 

241.85 

243.65 

12.5 

6.1 

2.15 

0.35 

0.35 

6.9 

13.12 

31.47 

118.7 

71

 

*assay lengths are as measured in the core box, not true width 

** this restatement amends and replaces results previously released on June 3 2021 Parbec Top Ten Interval List 

The Top Ten Intervals from the 2020/21 drill program at Parbec is updated to the following, available  on our website along with a recap of all of the highlight drill results released to date for this program.

Drillhole  Grid E  Grid N  From (m)  To (m)  Length (m)  g/t Gold
PAR-20-112  5300  225  254.8  276.25  21.45  5.57
PAR-21-127  5100  135  255.25  279.25  24.1  3.78
PAR-21-133  5325  243  232  244.5  12.5  6.9
PAR-20-116  5050  200  108.9  158.5  49.6  1.46

 

PAR-21-128 5150 165 280.9 293.5 12.6 4.39 

PAR-21-131  5200  337  48.45  58  9.55  4.42
PAR-21-130  5150  308  91.9  106  14.1  2.15
PAR-20-100  5440  190  88.5  109.5  21  1.21
PAR-21-128  5150  165  259.25  269.5  10.25  2.37
PAR-20-104A  5250  80  53  66  13  1.72

 

*assay intervals are presented as measured in core box, not true widths 

Surimeau District Project Drilling and Prospecting Update 

Drill Update 

At the end of shift on June 15th the drill program had completed 87m of drilling after a day and a half.  It is anticipated that each hole drilled will go to either a length of 300m, or until the sedimentary  contact in the north is reached, whichever is first. 

The program is planned for ~1000m, which is likely to be 4 holes, drilled from the previously used drill  pads located within the magnetic anomaly at Victoria West (the southern collar in each pair of holes),  with the hole drilled to the north in order to attempt to obtain depth extension of the mineralization  seen in the Spring 2021 drilling. 

Prospecting Update 

Prospecting at Surimeau to date has focused on the Victoria West target area and the Lalonde target  area, located approximately 3kms north of Victoria West. Both areas have been explored previously,  with records of sampling, trenching and drilling available. During the drill program at Victoria West  earlier this year Renforth’s field geologist noted similarity between the drilled rock at Victoria West  and previously prospected rock at Lalonde. 

Prospecting Program Highlights; 

Victoria West - mineralization intersected in drill core found on surface 

On a traverse from an ATV trail north towards the SUR-21-05 pad, the second hole drilled in  the March-April DDH program, a surface exposure of a calc-silicate unit identified in drill core  in multiple holes in the March-April drill program was discovered. It is very distinct as it  strongly resembles quartzite. The rock is strongly weathered at surface but fresh pieces  contain the same style of mineralization as seen in drill core; fine to coarse stringers of sulfide  (pyrite+sphalerite) alongside bright green cr-diopside crystals. This exposure is located about  65m due south of the SUR-21-05 collar. In the hole this unit was seen from 85-97m (approx.).  Identifying this unit at surface demonstrates both that there is a north-dip to the units and  that this mineralized unit is continuous from surface with open-depth potential. If surface  sample assay results are positive, this would be a trenching/stripping target. 

Victoria West – newly discovered, undrilled, quartz vein 

A very large quartz vein hosted by cordierite-bearing metasediments with fine pyrite along  the vein walls was discovered approximately 140m due South of SUR-21-05. This outcrop 

appears to be part of an old trench as it was obviously stripped, although quite some time  ago. The vein itself is approximately 5m wide x 20m long and makes up a small hill, less than  meter high. The area surrounding the vein was prospected but no other surface exposures  were located, and this vein at surface is beyond any drilling. Samples taken of the vein and  host rock will be assayed for gold and, if results are positive, this would be a very strong  trenching/stripping target as it is easily accessible and relatively easy to get to. 

Lalonde East 

Approximately 1.8km east of the main Lalonde showing is a ridge in a relatively recent logged  area, exposing sulphide (Pyrite-Pyrrhotite) bearing graphitic sediments in contact with orange  coloured mica bearing, hydrothermally altered sediments. Strongly oxidized ultramafics were  found at the southern contact of these sediments. Traces of fine pyrite and pyrrhotite are  

present in the graphitic sediments as well as in the ultramafics. This rock is visually very  similar to the main Lalonde showing as well as the weathered and oxidized outcrops seen  along the main road on Surimeau. This appears to be quite a significant strike extension of  the mineralization present on Lalonde. Access is easy, if results warrant it small scale  stripping could be carried out. 

Malartic West Update 

Renforth is pleased to advise shareholders that the drill permit for Malartic West has been received,  valid until March 31, 2022. Renforth does intend to carry out the planned drill program when it can  be scheduled. 

Samples referred to in this press release were selected, split, bagged and tagged in the field and  delivers to the facilities of AGAT Laboratories in Val d’Or Quebec where they were assayed for gold  using “202-051 – Au by Fire Assay, AAS Finish” and “202-064 – Au by Fire Assay, Gravimetric Finish”  for overlimit (>10 g/t Au) values. 

Technical disclosure in this press release has been reviewed and approved by Francis R. Newton  P.Geo (OGQ#2129), a “qualified person” pursuant to NI 43-101 

For further information please contact: 

Renforth Resources Inc. 

Nicole Brewster 

President and Chief Executive Officer 

C:416-818-1393  

E: nicole@renforthresources.com  

#269 – 1099 Kingston Road, Pickering ON L1V 1B5 

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About Renforth 

Renforth holds the Parbec open pit constrained gold deposit in Malartic Quebec, contiguous to the  Canadian Malartic mine, with a 2020 resource estimate of 104,000 indicated ounces of gold at a  grade of 1.78 g/t Au and 177,000 inferred ounces of gold at a grade of 1.78 g/t Au. This resource  estimate is now considered by Renforth to be out of date due to the results received in a 15,569m  drill program which has been recently completed. This program was planned to twin, infill and 

undercut existing drill holes at Parbec, to support a rebuild of the geological model and a resource  estimate restatement. In addition to this Renforth has discovered a nickel bearing ultramafic,  coincident with a copper/zinc VMS, over ~5km of strike in the western end of the 20km central  anomaly at Renforth’s wholly owned 215 km2 Surimeau property. This prospect was discovered on  surface and the subject of a very short, shallow drill program, a more robust drill program is planned  for Spring 2021. Renforth also holds the Malartic West property, the site of a copper/silver discovery,  and Nixon-Bartleman, west of Timmins Ontario, with gold present on surface over a strike length of  ~500m. Renforth is well funded, with ~$5 million in cash and securities on hand (*as at 05/14/21), in  addition to the gold contained in our gold deposit. 

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.

Source Renforth Resoures

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