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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Renforth Resources Inc | CSE:RFR | CSE | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.005 | 33.33% | 0.02 | 0.015 | 0.02 | 0.02 | 0.02 | 0.02 | 255,000 | 14:30:00 |
Renforth Resources Inc. (CNSX:RFR) is pleased to announce the commencement of a planned 10 hole diamond drill program on the New Alger project located outside of Val d'Or, Quebec. This project was optioned from Cadillac Ventures Inc. ("Cadillac") in 2009. Cadillac was the previous operator of the project through two seasons of exploration. Renforth has designed a drill program to test for shallow gold occurrences above gold intersections discovered by Cadillac in their previous exploration. The New Alger project is located within the Doyon-Bousquet-LaRonde mining camp, straddling the highway which runs between Val d'Or and Malartic. This area is one of extensive mining activity with adjacent and neighbouring projects boasting very successful mines and proven resources. Osisko Mining Corporation has in recent years spearheaded a re-examination of the manner of gold occurrence in the entire Cadillac Break with the development of their Canadian Malartic open pit project in nearby Malartic, where a significant resource has been proven at shallow depths. Neighbouring Identified Gold Reserves, Resources and Production To view the first map associated with this release, please visit the following link: http://media3.marketwire.com/docs/rfr0120fig1.pdf. David Danziger, President and CEO of Renforth states: "Renforth is excited to commence exploration in this very prospective and proven gold district. We are encouraged by the geological setting of our property in the productive Cadillac Break, encompassing the contact of the Piche group volcanics and the Pontiac group sediments. This is an area that has been very profitable for neighbouring operators such as Agnico-Eagle. In addition we are intrigued by the potential for the potential of discovery at shallow depths as demonstrated by the Osisko Malartic project." Neighbouring Land Holders To view the second map associated with this release, please visit the following link: http://media3.marketwire.com/docs/rfr0120fig2.pdf. About Renforth Renforth Resources Inc. is a Toronto-based diamond, base metals and precious metals exploration company with significant concessions in the McFaulds Lake "Ring of Fire" discovery area of north-eastern Ontario as well as Spain and Northern Quebec. Renforth has five diamondiferous kimberlites referred to as the Kyle kimberlites: two are at the commercial bulk-sampling stage; the remaining three are targeted for specific follow-up drilling and economic evaluation. Additional mineral claims lie between ten and twenty kilometres from Noront Resources Ltd.'s recent base metal discoveries at its Double Eagle Project. The Company also has now acquired the Mina Maria Luisa project located in Southwestern Spain, approximately 30 kilometres from the Aguas Tenidas Mine. Renforth intends to drill targets at Mina Maria Luisa in 2011. Renforth is the operator in a Joint Venture with Cadillac Ventures Inc. on the New Alger gold project in Quebec and has commenced a drill program in January 2011.
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