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.
Drill Update
At the end of shift on
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
Prospecting Update
Prospecting at Surimeau to date has focused on the
Prospecting Program Highlights
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.
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.
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
Samples referred to in this press release were selected, split, bagged and tagged in the field and delivers to the facilities of
Contact:
Tel: 416-818-1393
Email: nicole@renforthresources.com
About Renforth
Renforth holds the Parbec open pit constrained gold deposit in
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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