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Gold Deposits in Small Concentrations

Gold is one of the most valuable and at the same time rarest metals on earth. It is estimated that up to now only 150,000 tonnes have been extracted worldwide. Indeed gold is present everywhere in the 16 kilometre thick Earth’s crust but, is only found in small quantities of ca. 5 grams per tonne. Difficult to find, difficult to extract – whoever tries to find gold must have patience and perseverance. Regions with the highest gold concentration on Earth are South Africa, North America and Australia. Depending on the way they were formed, the deposits are divided into a number of types.

Read more about: gold fixed deposits. Story first published: Friday, February 12, 2021, 9:41 IST Other articles published on Feb 12, 2021 Company Search. IFSC Code; Currency; FD Calculator. The actual gold deposits themselves are quite thin and the surrounding rock matrix is very hard. Techniques such as cyanidization, or the removal and concentration of gold with cyanide was developed in response to the difficulties encountered by 19th century miners in the Witwatersrand. Metallurgical ContentGold Deposit Class #1Gold Deposit Class #2Gold Deposit Class #3Gold Deposit Class #4Gold Deposit Class #5Gold Deposit Class #6Gold Deposit Class #7Gold Deposit Class #8Gold Deposit Class #9Gold “Deposit” Class #10 Gold/Auriferous Deposits can be classified into types for which here is a List of 10 Types of Gold Deposits: Auriferous porphyry dykes, sills, and stocks. Gold deposits are formed by a wide range of geological processes, and according to the US Geological Survey, generally fall into two categories: lode deposits and placer deposits. Gold can be found.

Primary Gold Deposits

A fundamental distinction of gold-bearing ground regions is the classification of primary and secondary deposits. Primary deposits are described as earth with gold deposits, where the available gold is classically embedded in quartz veins. The so-called “mountain gold” is transported there via hot hydrothermal fluids i.e. fluid, superheated solutions from the Earth’s core, that flow into rock crevices in the Earth’s crust and settle there. Mining is only economically viable with a concentration of more than 2.5 grams per tonne. Normally however, quartz seams only contain a gold concentration of one gram per tonne.

Secondary Gold Deposits

When primary gold deposits are eroded away by weather (temperature, wind, water) over millions of years, it is referred to as secondary deposits. The gold is flushed out of the rock and accumulates with other heavy minerals as fine gold dust or as small grains, the so-called “nuggets”, in the shallows of streams and rivers. The so-called “placer gold” is formed. Gold resulting from weathering is also called “stream gold” or “gold soap”.

Orogen Gold Deposits

The so-called orogen deposits also belong to the primary gold deposits some of the largest gold producing regions in the world belong to this type. These gold deposits lie at a depth between 1200 and 4500 metres and were created due to mountain formation. They exist in marine sediments (marine deposits) or metamorphic rock (created deep in the earth’s crust by high temperature and pressure). During the formation of mountains metamorphic fluids with temperatures between 250 and 400 degrees Celsius (“mesothermal”) that pressed quartz, gold and sulphide into rock fissures. The gold content of orogen gold deposits is normally very high and is not uncommon for concentrations of 10 grams per tonne. Important deposits of this type are found in the USA, Africa, Western Australia, Ghana and Brazil.

Epithermal Gold Deposits

Epithermal deposits also belong to the primary gold deposits. Here the gold lies fairly close to the surface in a depth of up to 1500 metres. This type of gold deposit is mostly found in sedimentary and magmatic rock. The temperature of the hydrothermal fluids in magmatic rock are between 200 and 300 degrees Celsius (“epithermal”). Here the gold concentration lies between 1 and 10 grams of gold per tonne of rock. The most important deposits of this type are found in Papua New Guinea, New Zealand, Peru, Romania and Mexico.

Witwatersrand Gold Deposits

A special type of gold deposit is the Witwatersrand goldmine in South Africa, which is by far the biggest gold field in the world. About 40,000 tonnes of gold have already been extracted from it. The Witwatersrand goldmine is identified as a so-called mixed type of primary and secondary gold deposits. Up to 25% of the extracted gold is typical of the historical evolution with gold being transported via hydrothermal fluids, that is to say of primary character. On the other hand about 75% of the extracted gold has typical characteristics of gold dust or nugget gold, which were created by weathering and fluid transport (water transport). The gold from this the world’s largest mine must be extracted from extreme depths. The gold mining galleries are in some cases up to 4000 metres under the surface. Therefore the worlds deepest goldmines are found in the Witwatersrand gold field.

PICKERING, ON / ACCESSWIRE / March 4, 2021 / Renforth Resources Inc. (CSE:RFR)(OTC PINK:RFHRF)(FSE:9RR) (“Renforth” or the “Company”) is pleased to shareholders the following current operational update;

• Drilling at Parbec has exceeded 3500m in 13 drill holes, this program commenced Feb 5^th, a prodigious production level which reflects the professionalism and hard work our drilling and geological contractors put in on a daily basis, drilling is ongoing.
• 7 of these holes successfully twinned historic 1980 and 1990 drill holes from the collar, samples have been selected, split and sent to the lab. Geologically the new and historic holes correlate, lab results are required for assay correlation.
• Surimeau drill program has been planned to consist of 15 holes in 3600m over a strike length of 3kms of historic mineralization, confirmed by Renforth’s surface sampling to contain sulphide nickel. More complete program details will follow.
• The drill permit application and field reconnaissance for drill access and chipping is underway.
• Assays for 22 holes completed in 2020 at Parbec, along with the current 13 drillholes are outstanding. Renforth has received partial results for several of these holes. Upon receipt of either an entire hole, or the constraint of a mineralized intersection, Renforth will release results to shareholders in as timely a fashion as possible.
• Renforth will be participating in PDAC 2021 with a virtual booth, this booth will include project information and recent interviews completed with several marketing groups, also available on Renforth’s website under “Corporate Presentation/Appearances”

Renforth is offering the update above to shareholders as a result of concerns raised by shareholders regarding trading in shares of Renforth, which seems to contradict our ongoing operations and the current healthy financial and asset state of the Company, which include an open pit constrained gold deposit adjacent to Canadian Malartic and the recent discovery of a sulphide nickel rich VMS on surface at several locations within our Surimeau Nickel District property, along with our discovery of copper and silver on surface on our Malartic West property.

“It is my PERSONALOPINION that, generally speaking, junior mining companies listed in Canada suffer from loopholes within our trading rules that allow trading practices detrimental to the market capitalization of listed companies, without any underlying cause. These include the removal of our down tick rule, allowing short sellers to force the price down and cause other selling, the ability of short sellers to sell naked and avoid delivery or the requirement to borrow the shares, the ability of sellers to spoof orders and again cause other selling and finally the existence of high frequency trading programs and algorithms which trade to the detriment of retail shareholders. I encourage concerned shareholders, like those who have reached out to me personally asking to be educated about this situation, to visit resources like www.savecanadianmining.com, which is supported by leaders in our industry, to learn more. You can also reach out to your MPP (in Ontario) and ask them to support the recommendations of the Capital Markets Modernization Task Force to Ontario’s Minister of Finance. As always, I encourage shareholders to do their own due diligence, on this matter like any other. At Renforth I focus on growing our asset value with a track record to date, between myself and our team, of discoveries and development, and the successful sale of an asset on the basis of the asset’s value, not our market capitalization. I assure shareholders this is my focus and I am personally invested in the success of my, and our team’s, efforts. It is my PERSONAL OPINION that our assets are of a quality which allows them to stand independently, and ultimately we will be successful in crystallizing their value” states Nicole Brewster, President and CEO of Renforth. “Again, as always, I strongly suggest you do your own due diligence and formulate your own opinion about Renforth, its assets and the action in the market. I am happy to discuss this, or any other, matter with shareholders and remain accessible to shareholders.”

Gold Deposits Massachusetts

Technical disclosure in this press release has been reviewed and approved by Brian H. Newton P.Geo a “qualified person” pursuant to the guidelines of NI 43-101.

For further information please contact:

Renforth Resources Inc.
Nicole Brewster
President and Chief Executive Officer
C:416-818-1393
E: nicole@renforthresources.com
#269 – 1099 Kingston Road, Pickering ON L1V 1B5

About Renforth

Renforth holds the Parbec open pit constrained gold deposit in Malartic Quebec, contiguous to the Canadian Malartic mine, with 104,000 indicated ounces of gold at a grade of 1.78 g/t Au and 177,000 inferred ounces of gold at a grade of 1.78 g/t Au. A 15,000m drill program is ongoing, this program is planned to twin, infill and undercut existing drill holes at Parbec, the aim of this program is to rebuild the geological model and increase the resource estimate upon restatement. In addition to this Renforth has discovered a nickel bearing ultramafic, coincident with a copper/zinc VMS, over ~5km of strike in the western end of the 20km central anomaly at Renforth’s wholly owned 215 km² Surimeau property. This prospect was discovered on surface and the subject of a very short, shallow drill program, a more robust drill program is planned for Spring 2021. Renforth also holds the Malartic West property, the site of a copper/silver discovery, and Nixon-Bartleman, west of Timmins Ontario, with gold present on surface over a strike length of ~500m. Renforth is well funded, with ~$6.3 million in cash and securities on hand (*as at 03/03/21), in addition to the gold contained in our gold deposit.

No securities regulatory authority has approved or disapproved of the contents of this news release.

Forward Looking Statements

This news release contains forward-looking statements and information under applicable securities laws. All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as ‘may’, ‘will’, ‘plan’, ‘expect’, ‘believe’, ‘anticipate’, ‘estimate’, ‘intend’ and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability of financing, as described in more detail in the Company’s securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.

Gold Deposits

SOURCE: Renforth Resources Inc.

Gold Deposit Scheme

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