2013-09-17 22:06:23 -
Toronto - September 17, 2013 - Renforth Resources Inc. (CNSX: RFR) ("Renforth" or the "Company") is pleased to announce a new discovery on the New Alger property. During the summer 2013 field prospecting program, Renforth discovered gold hosted in bluish-grey quartz veins within the Pontiac Group of Sediments, approximately 250 metres south of the historic mine shafts, and outside of the area of the current exploration target Renforth developed for the property, in a vein system sampled over 250 metres of strike length. The entirety of the strike, traced along outcrop, returned gold values in channel samples, with the highlight value of 3.107 g/t Au.
"This new, exiting discovery speaks directly to the potential of the New Alger property," stated Nicole
Brewster, President and CEO of Renforth. "During the exploration program, targeted areas were visited with a view to locating and sampling outcrop, using a historical map for geological reference. On this map outcropping quartz was indicated, as well as trenches, nothing else. We located this area and obtained samples, in one instance obtaining an assay of 3.107 g/t Au from a 0.6m channel sample. Encountering gold bearing quartz veining within the sediments, with a strike over 250 metres, is a very positive development for New Alger."
Prospecting and Sampling
As previously announced, Renforth focused a prospecting and sampling program on the areas shaded in red below during August 2013.
To view the map NEW ALGER MINE please click on the following link
These areas are, as depicted above, outside of the area where Renforth has established an exploration target for the property, associated with the historical ~1000ft deep shaft and associated underground development remaining from mining operations during the 1930's which produced ~21,000 ounces of gold with an average recorded historical production grade of ~0.123 oz/t Au (~3.4 g/t Au) prior to operations ceasing, at a time when the price of gold was a fixed $35/oz.
Renforth prospected in the three areas, the north, mine area and the south, with the south being the most successful part of the campaign, summarized as follows.
Northern IP Area Prospecting
Prospecting was carried out in the north, in an area associated with an unexplained IP anomaly. This prospecting failed to locate any outcrop for sampling and, as such, the cause of the pervasive IP anomaly (which extends E/W across the entire property, separate and slightly north of the mine area) remains unexplained. Further prospecting and stripping will be required in this area.
Mine Area Prospecting
The area of the mine, and all of the infrastructure which was in place during operation, is now overgrown with tag alders and brush, and has been altered with the installation and upkeep of powerline corridors on the property and the regional highway which now runs immediately south (~20 metres) of the historical shaft. Detailed prospecting of this area will require stripping. The outcrop located on a prior visit and grab sampled, which returned gold as previously press released, may be the surface expression of the #1 vein system. One outcrop, bearing evidence of sulphide staining, was channel cut in the program. Assays results obtained here included gold values ranging from anomalous gold up to 0.54 g/t Au and silver values ranging from anomalous silver up to 2.2 g/t Ag.
Southern Area Prospecting - New Discovery
Successful prospecting in the south was focused on an area where historic maps (1938) bore evidence of old trenching, with no other associated information or historical results available. The same maps indicated outcropping quartz. The outcropping quartz was successfully located, and traced over a distance of 250 metres, running E/W on the property. To the west, the outcropping was lost in the infrastructure of a powerline and swamp. To the east of the last sampling no further outcrop was readily encountered. The area is swampy where low lying, and heavily forested with dense brush where not swampy. Seasonal timing, with hunting season approaching, precluded leaving a small crew on foot out in the woods to further investigate for outcrop.
Assay values returned results from anomalous gold up to 3.107 g/t Au, with a total of six samples returning values between 0.616 g/t Au and 3.107 g/t Au. This vein system is outside of the known mine vein system, approximately 250m to the south, and is a new discovery on the property.
The results are being mapped, along with geological information obtained, in order to guide follow up prospecting, which will require the stripping of the entirety of the 250m sampled, and further exploration along strike.
Samples taken during this program were obtained in the field by channel cutting, with the material chipped out of the channel between two cuts made with a rock saw. The samples were bagged and tagged in the field under the supervision of Brian H. Newton P.Geo, of Billiken Management Services Inc. Sealed samples were delivered to the Val D'or location of Activation Laboratories where they were assayed for gold and silver using fire assay.
Brian H. Newton P.Geo is a "Qualified Person" pursuant to the guidelines laid out in National Instrument 43-101. Mr. Newton has reviewed and approved the contents of the press release.
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.
President and Chief Executive Officer
T: (416) 368.5049 F: (416) 368.3151
No securities regulatory authority has approved or disapproved of the contents of this news release.
To view this press release as a PDF, please click on the following link: