TORONTO, ONTARIO--(Marketwired - Apr 12, 2013) - 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.
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, Québec, and the Mink Lake Project, located outside of Red Lake, Ontario, in a setting interpreted to be similar to the adjacent Springpole Mine Project.