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Renforth Resources Releases Parbec Gold Mineral Resource Estimate
PICKERING, ON / ACCESSWIRE / May 6, 2020 / Renforth Resources Inc. (CSE:RFR) (OTC Pink:RFHRF) (WKN:A2H9TN) ("Renforth" or the "Company") is pleased to provide s
About this update from Renforth Resources Inc
[{"type":"text","content":" PICKERING, ON / ACCESSWIRE / May 6, 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 Parbec Property, located on the Cadillac Break, in Malartic, Quebec and contiguous to the open pit Canadian Malartic 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 Renforth's last work on the property in 2019, excluding all assay results obtained historically, or prior to 2007. Renforth has in its possession all the core from 2007 to date. \"Delivering this pit constrained Mineral Resource Estimate for our wholly owned Parbec Gold property to Renforth's shareholders is done with a great deal of satisfaction. Renforth awaits the results of our recently announced metallic screen work for Parbec and will use those, once received, in conjunction with this deposit model, to assess our next steps at Parbec. In Parbec Renforth has the luxury of being well positioned, on the Cadillac Break in Malartic Quebec, with accessible surface ounces in a rising gold market and is able to make our next moves with no outside pressures\" states Nicole Brewster, President and CEO of Renforth. Parbec April 2020 Pit Constrained Mineral Resource Estimate The engineered open pit geometry has a maximum depth of 225 m and a maximum length of 1,300 m, whereas mineralization at Parbec reaches a maximum depth of 738m and is present the length of the Cadillac Break on the Property, ~1.8km. Renforth can use the new 3D model generated with this Mineral Resource to plan future drilling at Parbec relative to the constraining pit shell. Assay composite results used, those obtained between 2007 and 2019, were capped at 20 g/t Au in this model. Renforth has determined that there is a nugget effect present at Parbec 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 104,500 oz of gold in 1,822,000 tonnes at an average grade of 1.78 g/t Au in the Indicated classification and 177,300 oz of gold in 3,122,000 tonnes at an average grade of...