New gold discovery in Malartic

Discussion in 'Penny Stocks' started by Rickydi, Mar 17, 2021.

  1. Rickydi

    Rickydi Member

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    Renforth Resources (CSE:RFR) is doing lot of work on its flagship Parbec located on the cadillac break contiguous to Canadian Malartic Mine,

    Parbec is an open pit gold property.Historical gold resource is 550K ounces located mainly outside of the open pit. Renforth has been doing some twinning to add this resource to the 43-101.

    Current resource is 280K ounces of gold.

    RFR is completing a drilling program started late 2020. Only a few assays were reported and assays for 20 holes are still pending.

    This mroning the company issue a PR stating they just dicovered a new zone.

    CEO wrote .....is pleased to announce the discovery of a new gold mineralization zone at Parbec, located in the Pontiac sediments, south of the Cadillac Break, outside of the existing resource model.

    Hole PAR-20-105 had grades from 5.34 to 15.8g/t. This discovery is located in a large magnetic anomaly requiring futher investigation.

    Put this symbol on your radar CSE: RFR OTCQB: RFHRF

    On the canadian symbol you can see bids for 1.2 million shares + at 0.065 and now some at 0.07ยข

    Renforth porfolio of properties have excellent exposure to Au, Ag, Cu, Ni
     

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