Renforth Announces Exploration Target for New Alger
12 April 2013 - 10:00PM
Marketwired Canada
Renforth Resources Inc. ("Renforth" or the "Company") (CNSX:RFR) is pleased to
announce that the Company has formed an exploration target for the New Alger
Property, located on the Cadillac Break outside of Malartic, Quebec. Based upon
previous work on the property the Company has formed an estimated exploration
target of 800,000 to 1,500,000 ounces Au contained within 15,000,000 to
20,000,000 tonnes grading 1.5 to 3.5 gpt Au. The potential tonnages and grades
are conceptual in nature and based upon past work including surface and
underground exploration and development and production records for the target
area. There has been insufficient work done to define a current resource and the
Company cautions that there is a risk that future work will not delineate the
exploration target as a current resource.
The exploration target strikes east-west and dips vertically, it is up to 1400 m
long and ranges in width from 20m to 150m, averaging 75m. The exploration target
has been locally traced by diamond drilling to a depth of 400m in the area of
the former Thompson Cadillac mine (the operating name of the historic mine on
the property, active over 8 sporadic years in 1930-1940s). The exploration
target has been outlined based upon the results of 16,598m of drilling in 59
surface and 95 underground holes. Of this only 17%, or 2,848m of samples were
selected and assayed. The exploration target has demonstrated gross continuity
on the property over 1200m and to a depth of 400m. The Company has determined
that within this gross exploration target there is a structurally controlled
high grade gold target, as stated in the estimated exploration target, which is
largely derived from the eastern, mine area, portion of the property.
To view Location of the Thompson Cadillac Mine relative to O'Brien and LaRonde,
please visit the following link:
http://media3.marketwire.com/docs/ThompsonCadillacMine.pdf.
To view Total Exploration Target Area on the New Alger Property, please visit
the following link: http://media3.marketwire.com/docs/NewAlgerProperty.pdf.
"We are happy to have formulated an exploration target for New Alger based upon
the historic information we compiled. New Alger is an exciting project for us,
located within the extremely productive Cadillac Break, with the former O'Brien
Mine on the eastern property boundary, and Agnico Eagle's LaRonde Mine on the
northern boundary, Renforth looks forward to embarking on an exploration
campaign focused on this target, in this very prolific neighbourhood," stated
Nicole Brewster, President and CEO of Renforth.
Renforth prepared this exploration target based upon historical records and
recent drilling carried out by both Renforth and the former operator on the
property. The records were compiled, modeled and the estimation carried out on
behalf of Renforth by a Director of Renforth, Mr. David G. Wahl P.Eng, P.Geo,
ICD.D and a qualified person pursuant to National Instrument 43-101, and Mr.
Brian H. Newton P.Geo, also a qualified person. Collectively Mr. Wahl and Mr.
Newton have decades of experience on properties in the Cadillac Break. Mr.
Newton personally supervised the drilling of the last 18 holes drilled at New
Alger between 2007 and 2010. The exploration target and technical information in
this press release have been prepared and approved by Mr. Wahl and Mr. Newton.
ABOUT RENFORTH
Renforth Resources Inc. is a Toronto-based exploration company with interests in
two exploration assets: the previously productive New Alger property, located in
the Cadillac Break Mining Camp, Quebec, and the Mink Lake Project, located
outside of Red Lake, Ontario, in a setting interpreted to be similar to the
adjacent Springpole Mine Project.
FOR FURTHER INFORMATION PLEASE CONTACT:
Renforth Resources Inc.
Nicole Brewster
President and Chief Executive Officer
(416) 368.5049
(416) 368.3151 (FAX)
nicole@renforthresources.com
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