Renforth Announces Appointment of Denis Simard to Board of Directors and Provides Update on Exploration Properties
March 28 2013 - 7:00AM
Marketwired Canada
Renforth Resources Inc. ("Renforth" or the "Company") (CNSX:RFR) is pleased to
announce the appointment of Mr. Denis Simard of Trois-Rivieres, Quebec to the
Board of Directors. Mr. Simard is Vice President Operations Eastern Division and
General Manager of Placements B. Allard Inc., the second largest helicopter
company in Canada. As an independent director, Mr. Simard brings a wealth of
management expertise and experience in the Province of Quebec. He has supported
exploration projects in numerous mining camps in Quebec and across Canada, in
doing so Mr. Simard has achieved an exemplary safety record, including
personally logging over 4400 hours accident free during his 32 year flying
career.
Renforth also announces the resignation of Mr. David Danziger as Chairman of the
Company. On behalf of the Company, Nicole Brewster, President and CEO, would
like to thank Mr. Danzigner for his contribution as a Director and Officer of
the Company and wishes David every success as he focuses on his professional
practice and obligations to other public companies.
Exploration Update
Renforth is pleased to offer the following update on the Company's New Alger and
Mink Lake gold exploration properties.
New Alger
New Alger is a past producing gold mine, and records from the intermittent
period of operation and limited exploration have been located and a compilation
of all the historic data has been completed. A digital model has been developed
containing the underground workings, including the 1000 ft shaft and development
on 8 levels, underground drill holes and channel samples, including the rib and
back samples, and the mined out stope areas. In addition to the underground
information, the assay results and geological data from 27 surface drill holes
drilled between 2007 and 2010, 4 holes drilled in 1963, and 28 holes drilled in
the 1930's, have been incorporated into the model.
The compilation of all of this information has allowed an interpretation and
program planning phase to commence. To date the interpretation has demonstrated
the continuity of the known vein systems westward across the property, into the
area of more recent drilling. The interpretation has highlighted the need to
resample the drill core recovered during the 2007-2010 exploration programs
which focused only on the gold bearing quartz veins. The sampling is expected to
confirm the existence of a mineralizing envelope identified during the deposit
modeling. In addition, several target areas have been identified for shallow
drilling within the model, adjacent to known mineralization.
Red Lake
Renforth has completed a high definition mag and vlf survey over the Mink Lake
Property, as previously announced. Management considers this survey to be very
successful. After a preliminary review, the Company's technical interpretation
of the structural setting of the Mink Lake Project in a Springpole-Mink Fault
Zone has been confirmed, and the structural evidence of cross-cutting faults
within this Zone have also been identified and will provide a solid foundation
for future exploration programs. The results of this survey have been filed for
assessment purposes.
In addition, Renforth has completed the government mandated GPS recording of the
bulk of the Company's claims. This work will also be filed for assessment
credit.
"We are pleased with progress made on both projects this year. The Mink Lake
survey could not have turned out better, and the New Alger Project has become
very exciting with, surprisingly, several shallow, relatively low cost, quick
drill targets having become apparent when all of the data is looked at together.
A very interesting summer exploration season on both projects is currently being
planned," stated Nicole Brewster, President and CEO of Renforth.
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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