(via TheNewswire)
Renforth is also pleased to inform shareholders that the final 2021 drilling at
Renforth has now drilled 5,626m into
“We are happy to have raised a judicious amount of money pursuant to requests from shareholders which we will immediately deploy in continuing our, to date,successful exploration on both our wholly owned gold deposit contiguous to Canadian Malartic, Parbec, which has a structural setting and lithological similarity to our neighbour, and on our Surimeau District Property. At Surimeau we will work to extend and deepen the polymetallic “future facing” minerals in the
The proceeds of this offering will be used to fund 2022 exploration on the Company’s wholly owned properties as follows;
Surimeau
Renforth has retained Joël Dubé ing.,
P.Eng of Dynamic Discovery Geoscience, to carry out a Prospectair MAG-TDEM (helicopter borne electromagnetic geophysical survey) on the Surimeau District Property which will result in consistent detailed geophysical information forVictoria West , Colonie and LaLonde.Interpretation of the geophysical survey, combined with results from Renforth’s recently completed comprehensive channeling of the stripped area at
Victoria West and the assay results from the just completed drill program.
Parbec
Renforth has retained
Stefan Kruse Ph.D.,P.Geo , Senior Structural Geologist of Terrane Geoscience to deliver a structural site characterization of Parbec. The first phase of this will occur inJanuary 2022 and consist of a compilation and integration of all relevant data and a gap analysis. This process will dictate, through the gap analysis, the next steps Renforth will take in working to identify the structural controls to the relatively high grade magnetic diorite intersected in numerous drill holes.Results from the recently completed 15,000m of drilling at Parbec have highlighted areas which require additional assay work, both in the recently completed holes and in prior adjacent drillholes. Renforth is compiling this assay list and will be submitting pulps for assay or cutting new samples in core as appropriate.
Each Flow-Through Unit was priced at
In connection with the Offering, the Company paid
Technical disclosure in this press release has been reviewed and approved by
For further information please contact:
President and Chief Executive Officer
C:416-818-1393
E: nicole@renforthresources.com
#Unit 1B –
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About Renforth
Renforth wholly owns the ~260 km2Surimeau District Property, which hosts numerous areas of polymetallic and gold mineralization, each with various levels of exploration, as well as a significant amount of unexplored ground.
In addition to the
Renforth also holds the Malartic West property, the site of a copper/silver discovery, and Nixon-Bartleman, west of
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.
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Copyright (c) 2021 TheNewswire - All rights reserved., source