Rencore Resources Ltd.

Rencore Resources Ltd.

September 15, 2010 16:35 ET

Rencore Resources Completes NI 43-101 Report for Nipigon Project, Parks Lake Area

TORONTO, ONTARIO--(Marketwire - Sept. 15, 2010) - Rencore Resources Ltd. ("Rencore" or the "Company") is pleased to announce that a National Instrument 43-101 ("NI-43-101") Technical Report has been completed for its Nipigon Project located in northwestern Ontario. The report was completed by Bruce W. Mackie, M.Sc., P.Geo. of Bruce Mackie Geological Consulting Services. The entire report dated September 15, 2010 and titled "Technical Report on the Nipigon Project, Parks Lake Area, Northwestern Ontario" can be viewed at www.sedar.com

The Nipigon Project lies within the Nipigon Embayment part of the Meso-Proterozoic Midcontinental Rift System. Known nickel, copper and platinum group element mineralization associated with the Midcontinental Rift includes the Duluth Complex in Minnesota, the Eagle deposit in Michigan currently being developed by Kennecott Minerals Company, and the Current Lake Intrusive Complex in north-western Ontario presently being explored by Magma Metals (Canada) Ltd.

The Nipigon Project was acquired to cover a large regional nickel and chromium lake sediment anomaly identified by the Ontario Geological Survey in 2009. This anomaly is located along one of the major fault systems which controlled the formation of the Nipigon Embayment.

Rencore proposes and Mackie recommends a two-phase exploration program totalling CAD$530,000. The program includes 400 line kilometres of airborne geophysics, prospecting and geological mapping, ground geophysics and geochemistry and up to 1,000m of diamond drilling. These recommendations are planned to commence in September 2010 with airborne geophysics, initial ground prospecting/mapping, and surface geophysics as required.

The information in this news release has been reviewed and approved by Bruce W. Mackie, M.Sc., P.Geo, a Qualified Person in accordance with the Canadian regulatory requirements as set out in NI43-101.

ON BEHALF OF THE BOARD OF DIRECTORS 

R. Nemis, President and Chief Executive Officer

Contact Information

  • Rencore Resources Ltd.
    Richard Nemis
    President and Chief Executive Officer
    416-864-1456