Renforth begins surface mapping, prospecting at Parbec

May 23, 2018

2018-05-22 13:41 ET – News Release

Ms. Nicole Brewster reports

RENFORTH TARGETS MAGNETIC DIORITE IN SURFACE PROSPECTING PROGRAM AT PARBEC

Renforth Resources Inc. is commencing a detailed surface mapping and prospecting program at Parbec targeting interpreted stacked diorite sills south of the Cadillac break in the southwestern corner of the property. Geophysics indicate that this diorite body is magnetic and significant in size. Drilling to date has demonstrated that diorites on this property host mineralization; specifically, gold is found in silicified, fractured sulphidic sections of diorite bodies. Feldspathic and albite alteration is noticeable in the highest-grade sections.

The company’s current geological interpretation indicates that southernmost mineralized zones in the current Parbec model trend along strike into these sills along their northern contact, making them a prime target for this program. Accessible outcrop will be exposed, mapped and sampled in this program in order to build a geological understanding of this unexplored area of the property and, if warranted, formulate large-scale stripping or drill targets.

Renforth is raising $300,000 on a non-brokered basis through a unit offering priced at five cents per unit, with each unit consisting of one common share and one warrant, with the warrant exercisable at a price of 10 cents for 24 months from closing. It is expected that this offering will close within the week; the use of proceeds will be continuation of the drill program at Parbec, building upon the 19 gold-bearing holes drilled to date outside of the March, 2016, National Instrument 43-101 resource envelope.

Technical information in this press release has been reviewed and approved by Francis Newton, PGeo, OGQ No. 2129, a qualified person.

We seek Safe Harbor.

http://renforthresources.com/news-releases/

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