New Gold Discovery At Parbec

Renforth Resources Inc. (CSE: RFR) announced that a new gold discovery has been made at Parbec, located within the Piche volcanics, approximately 200m north of, and separate from, the existing mineral resource.

This discovery was made early in the 2017 prospecting and trenching program recently commenced at Parbec, whereby the field geologists found an area of approximately 70 by 170m of high ground surrounded by swamp and open water during a prospecting traverse. This area was found to host several historic undocumented trenches and a small pit, the “Island Trenches”. 3 grab samples were taken and a small channel cut at this location. Grab samples from the pit area returned 9.60 g/t Au and 3.69 g/t Au, one sample from a nearby trench returned 2.12 g/t Au, the small channel next to the pit returned gold anomalous results. Grab samples are selective samples and are not necessarily representative of the mineralization hosted on the property. Due to these positive assay results the Island Trenches will be the focus of additional work later in this program. In addition to this discovery, visually similar material was also discovered at “Deerfly Ridge”, located 300m northeast of the Island Trenches in the northern sector of the Piche Volcanics. Two initial grab samples and two channel samples have been taken from this location. Mineralization at both the Island Trenches and Deerfly Ridge have been observed in the field within the Piche volcanic group to be trending parralel to the known Cadillac Break mineralization. To date there has been no systematic exploration in the Piche volcanics, with a small number of sparsely spaced drillholes and no surface exploration for which records are available. Historically, prior to Renforth’s exploration efforts, the focus at Parbec was on the tuff mineralization located in 3 zones over approximately 800m of the 1.6km NW/SE strike of the Cadillac Break on the property. Historic drilling was from the south side of the tuff horizon to the north, terminating once the Piche volcanics were encountered. The focus of the current prospecting and trenching program at Parbec is the unexplored NW and SE portions of the Cadillac Break on the property, as well as the unexplored area between the known resource and the contact of the Piche volcanics with the Cadillac sediments in the far north of the property.

“Renforth is thrilled with this new discovery at Parbec. To date we have delivered a maiden resource over only a portion of our un-mined 1.6km of the Cadillac Break at Parbec, this resource determined that gold is hosted in more rock types than previously thought. Now, with this discovery and the geologist’s field observations, we are again revealing a new facet to Parbec, we have found previously unexplored mineralization within the Piche volcanics, these are exciting days of boots on the ground exploration success” states Nicole Brewster, President and CEO of Renforth.

Samples referred to in this press release were taken in the field by Mark Wellstead P.Geo, OGQ Special Authorization #388, sealed, secured and personally transported to the facilities of Bourlemaque Assay Laboratories Ltd of Val d’Or, Quebec where the samples were fire assayed for gold.

Mark Wellstead P.Geo, of Minroc Management Limited is a “Qualified Person” pursuant to the standards laid out with NI 43-101 has approved the technical information in this press release.

Figure 1: Map displaying the location of the main mineralized zones and the new discoveries at Parbec

Filed in: Gold, Resources

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