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Renforth Resources Drills Through 2,000m Target at Parbec Gold Deposit and Closes $3,240,000 Raise at $0.135/share
PICKERING, ON / ACCESSWIRE / October 7, 2020 / Renforth Resources Inc. (CSE:RFR) (OTC US:RFHRF) (WKN:2H9TN) ("Renforth" or the "Company") is pleased to inform s
About this update from Renforth Resources Inc
[{"type":"text","content":" PICKERING, ON / ACCESSWIRE / October 7, 2020 / Renforth Resources Inc. (CSE:RFR) (OTC US:RFHRF) (WKN:2H9TN) (\"Renforth\" or the \"Company\") is pleased to inform shareholders that the ongoing fully funded drill program at Renforth's wholly owned Parbec gold deposit has now drilled more than 2160m, in five drill holes, designed to infill and expand the May 2020 NI 43-101 open pit constrained gold resource at Parbec, located on the Cadillac Break, in Malartic, Quebec, contiguous to the Canadian Malartic Mine property, specifically the former East Amphi Mine which forms the NW corner of that property. Since the last Parbec drill update press release which provided shareholders an update on drill holes PAR-20-100, PAR-20-101 and PAR-20-102, issued on September 22, 2020, Renforth has completed the following drill holes; PAR-20-103: This hole was drilled from the collar location of PAR-11-04 for a total of 276m due north, drilled north in order to investigate the presence of cross-cutting structures and reach the volcanics on the north side of the Break. This hole successfully intersected the gold bearing lithologies typically seen in the Break at Parbec, including diorites, sheared diorite, the magnetic diorite and felsites. Samples have been selected by the geologists, these will be split and sent for assay, with results released once available. PAR-20-104: This hole was drilled perpendicular to the Break, for a total of 600m, making it currently the longest hole drilled by Renforth at Parbec. This hole ended at a vertical depth of approximately 535 meters in the volcanics on the north side of the Break, intersecting the anticipated gold bearing lithologies, including magnetic diorite. This hole was planned as an undercut of PAR-86-04 and an overcut of PAR-10-07, providing infill data and down dip extension to the resource model. Samples have been selected by the geologists, these will be split and delivered to the lab for assay, results will be released once available. Renforth has commenced an even longer drill hole, PAR-20-105, planned to be drilled for approximately 900 m, until the volcanic contact in the north is reached. This drillhole is targeting undercuts of PAR-10-05 gold intercepts, as well as testing for down dip extension of mineralization. Renforth has now closed the previously announced private placement of 24 mill...