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Renforth Resources Releases New Alger Gold Mineral Resource Estimate
PICKERING, ON / ACCESSWIRE / May 12, 2020 / Renforth Resources Inc. (CSE:RFR) (OTC PINK:RFHRF) (WKN - A2H9TN) ("Renforth" or the "Company") is pleased to provid
About this update from Renforth Resources Inc
[{"type":"text","content":" PICKERING, ON / ACCESSWIRE / May 12, 2020 / Renforth Resources Inc. (CSE:RFR) (OTC PINK:RFHRF) (WKN - A2H9TN) (\"Renforth\" or the \"Company\") is pleased to provide shareholders with a pit constrained gold Mineral Resource Estimate for Renforth's wholly owned New Alger Property, located on the Cadillac Break, in Cadillac, Quebec, contiguous to the historic O'Brien Mine and the LaRonde Mine. This Mineral Resource Estimate has been calculated by P&E Mining Consultants Inc. of Brampton, Ontario, with an effective date of April 30th, 2020, using only assay data from between 2007 and the first hole (of four in that program) drilled by Renforth at New Alger earlier this year. Renforth has in its possession all the core from 2007 to date. \"Delivering this pit constrained Mineral Resource Estimate for our wholly owned New Alger Gold property to Renforth's shareholders is again done with a great deal of satisfaction. Renforth is pleased to now have updated pit constrained Mineral Resource Estimates in place at both New Alger and Parbec. With these in place Renforth has established a new level, one which we will build on, at our pace. We look forward to resuming work on our New Alger property, with our efforts focused on a mini-bulk sample from the Discovery Veins\" states Nicole Brewster, President and CEO of Renforth. New Alger 2020 Pit Constrained Mineral Resource Estimate The engineered open pit geometry has a maximum depth of 215 m and a maximum length of 1,400 m, whereas mineralization at New Alger reaches a maximum depth of 416m and is present the length of the Cadillac Break on the Property, ~1.4km. Renforth can use the new 3D model generated with this Mineral Resource to plan future drilling at New Alger relative to the constraining pit shell. Assay composite results used, those obtained between 2007 and 2019, were capped at 15 g/t Au in this model. Renforth has determined that there is a nugget effect present at New Alger which could impact future development, capping of the composite grade within the constraining pit shell is a prudent and conservative approach. The Mineral Resource Estimate totals 62,600 oz of gold in 1,035,000 tonnes at an average grade of 1.88 g/t Au in the Indicated classification and 188,000 oz of gold in 3,226,000 tonnes at an average grade of 1.81 g/t Au in the Inferred classification as follows; ...