Bull Run is coming for RFR The key is Parbec Assay results for 16 drill holes expected soon 3D deposit modelling on its way 43-101 update to include results from twinning of historical resource of 700,000 Au ounces With these events RFR could consider offers for Parbec or even starting producing financed by an offtake agreement
We are cleaning the market Assays result for 16 drill holes at Parbec soon to be released RFR Depth Display By OrderBy Price Bid Count..........Bid Size ..........$Bid Price..........$Ask Price.....Ask Size......Ask Count 1.......................75,000.................0.02......................0.025............2,002,000........12 13.....................504,000...............0.015....................0.03.............. 830,000..........18 6.......................462,000...............0.01......................0.035.............100,000............1 5.......................525,000...............0.005 ................0.04...............1,000................1 ..................................................................................0.065 .............8,000............1
February 14, 2024 – TheNewswire - Pickering, ON - Renforth Resources Inc. (CSE: RFR) (OTC: RFHRF) (FSE-9RR) · Continuous mineralized polymetallic system modelled from surface to a maximum vertical depth of 225m over 2.5km of the Victoria Multi Metals Zone, from the road to the west. · Nickel is present in pyrrhotite, pentlandite and sometimes millerite sulfides. The alteration zone contains minimal to no olivine or magnesium, with the majority of the nickel being hosted in sulfides. Complete PR available @ https://www.thenewswire.com/press-releases/1AXXFXjqJ-renforth-proves-2-5km-of-geologically-continuous-battery-metals-at-victoria.html About Renforth Renforth is a battery metals area play with the dominant brownfield land position south of the world class Cadillac-Larder Lake Fault ("CLLF") in the prolific Cadillac and Malartic mining camps of Quebec's Abitibi. Offering exposure to gold, zinc, nickel, copper, cobalt and more, including lithium, Renforth's land position encompasses several areas of interest. Renforth's position is unique in that the both the battery metals mineralization within the Malartic Metals Package ("MMP") and our gold deposit at Parbec are road accessible, with hydro power crossing the properties, in an established and secure mining jurisdiction which regularly ranks as Top 10 (as determined by the Fraser Institute) in the world. Renforth is engaged in the active exploration of the proven MMP battery metals mineralization, working towards a maiden resource statement, and the remodeling of our Parbec gold deposit to incorporate the ~15,000m drilled subsequent to the 2019 effective date of the last MRE. Technical disclosure in this press release has been reviewed and approved by Francis R. Newton PGeo, OGQ a “qualified person” pursuant to NI 43-101. For further information please contact: Nicole Brewster, President and Chief Executive Officer C:416-818-1393 Email: [email protected] 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
Renforth Confirms Gold, Platinum and Palladium Within Victoria Battery Metals Drill Core April 2, 2024 – TheNewswire - Renforth Resources Inc. (CSE – RFR) (OTCQB– RFHRF) (FSE-9RR) (“Renforth” or the “Company”) wishes to inform shareholders that we have successfully completed initial gold, platinum and palladium assay testing on drill core from our Victoria Multi Metals Zone, the positive results obtained in each sample result in a notable increase to the Ni Eq and/or Zn Eq values in each case. Based upon this success Au/Pt/Pd testing will be continued at Victoria in various locations and lithologies on an ongoing basis to form a better understanding of the PGE mineralization. Read the entire press release https://www.thenewswire.com/press-releases/1k3wF0QO8-renforth-confirms-gold-platinum-and-palladium-within-victoria-battery-metals-drill-core.html For further information please contact: Renforth Resources Inc. Nicole Brewster, President and Chief Executive Officer C:416-818-1393 E: [email protected] No securities regulatory authority has approved or disapproved of the contents of this news release.
PARBEC MUCH BETTER THAN EXPECTED AND COULD BE AS BIG AS CANADIAN MALARTIC https://renforthresources.com/new-geological-interpretation-establishes-gold-exploration-target-area-in-pontiac-sediments-at-renforths-parbec-gold-deposit/ New geological model and interpretation of the Parbec Gold deposit has identified mineralized structures crosscutting the lithologies, resulting in a stacking of individual gold zones at or near surface and continuing at depth into the Pontiac sediments with a clear southward dip underneath the Pontiac sedimentary/Cadillac Break contact This + the twinning of the historical zone ( 700K Au Oz) + an updated NI 43-101 + a bulk sampling + milling facilities close to Parbec + open pit potential + gold price going to the roof= ingredients for a major succèss
The big question will be how Parbec is handled. Would it be bought outright? Would Renforth partner with a mining company? Would Renforth be bought? If sold, would there be a dividend, or would the proceeds be used for further exploration? Combination of the above?
Management’s plan is to monetize the Parbec Project (after updating the Estimated Mineral Resource) and utilize the proceeds to prove up the company’s Surimeau Property. The net proceeds would be employed to fund exploration activities at Surimeau in order to help prove up the districtscale Ni-Cu-Zn Surimeau Property. Considering the breadth of the recently completed drilling campaign at Parbec, the upcoming Resource Estimate update should deliver a significant increase in the estimated gold resource.
2018 43-101 report indicate Inferred 656,855 Oz Au + Indicated 37,224 Oz Au = 694,099 Oz Au Upside from twinning historical zone (700,000 Oz Au) 3d model latest and future drilling 694,099 X 2,300$ = 1,596,427,700 / 340,736,118 = 4.68$ value in the ground per share Crrent market 0.015¢ vs 4.68$
Your value in the ground is not an accurate estimate for share value. What will it cost to remove it and process it? Those costs, plus others, must be deducted. Then there is the question of if Renforth will simply sell Parbec or become a mining partner and how that will effect the stock. If Parbec were sold a dividend might happen, or all the proceeds could go into the other properties. To many unknowns at this time. That said, it does look profitable long term.
Nicole wrote it : monetize Parbec But I will offer again to begin production using an offtake agreement
Investor Parbec update · Right now RFR is looking to update our Property model based on the new interpretation completed by our NI 43-101 geologist. · RFR also going to pursue metallurgical work to characterize the gold and non-gold bearing rocks with a view to pre-concentration. · RFR have sampled the water in the decline on site, this will need to be repeated several times but it is with the intent to dewater the decline in the future. · RFR will shortly commence sampling the surface waste rock from the decline, as well as do a soil survey in the “Partridge” area in order to correlate surface info with the underhand drill hole data in the area. · The reason for this is we intend to develop a small open pit to create cash flow, fund additional Property work and work on our critical mineral property nearby. · Right now the 43-101 is out of date and based upon an erroneous model. · Does RFR still wish to sell Parbec, yes, everything is for sale in this world at a price · Current gold price in Canadian $ is$3216 CAD · RFR current market cap is 5,300,000$ Canadian equivalent @ 1,648 Oz Au · Old & out dated 43-101 report stated Parbec was hosting 321,000 OZ AU indica in all categories · @ current market cap this represent 17$ per ounce in the ground · If the gold value in the ground would be 5% of current gold price, the value in the ground would be 161 $ Canadian equivalent to 0.15¢ per RFR share · Do your own math with your own numbers and do your DD
- Maybe cynical but @ current price you cannot loose 2¢ - Current market cap 5 mil or 17$ per NI 43-101 ounces -Historical non 43-101 700,000 Au Oz ....perfect twinning correlation means adding these ounces to the 43-101 -New 3 D model demonstrating (1) there is gold outside the open pit (2) RFR average drilling depth is 300m but there is gold deeper (3) is Parbec another Canadian Malartic deposit (4) Geo think it is probable to rech 1,000,000 AU Oz on Parbec - If gold in the ground is worth 200$ U.S. or 260$ Canadian per ounce we currently have a 43-101 015¢ per share valuation -If we have 1,000,000 Au OZ then the valuation reach 0,6¢ per RFR share A LOT OF UPSIDE LEFT https://www.investorbrandnetwork.com/clients/renforth-resources-inc/
Gold Price having a nice bullrun BID 2 506,30 ASK 2 507,30 Parbec Net Present value is going up Canada is a safe jurisdiction Malartic/ Cadillac Break is the place where you want to be As they say ''THE BEST PLACE TO FIND A MINE IS NEAR A MINE'' Guess what Parbec is surrounded by major gold producers
RFR M.O. -1- Acquire -2- Exploration/ Development -3- NI 43-101 -4- SELL -5- Create value for Shareholders Parbec = #4 Surimeau = #2 Conclusion : Parbec $ = Surimeau Development
Gold has a positive impact on Parbec valuation Current NI 43-101 resource estimate of 104,000 indicated ounces at a grade of 1.78 grams per tonne (g/t) Au and 177,000 inferred ounces at the same grade within the open pit (0-300m) Non 43-101 but known Resource stated by Globex Mining (page 20) https://www.globexmining.com/documents/AnnualInformationFormEndedDecember2020.pdf Au OZ indicated 37,224 Au Oz inferred 656,875 NI-43-10 Update shall include these new numbers And the cherry on the sunday, the deposit is open at depth DO WE HAVE ANOTHER CANADIAN MALARTIC ONLY 1 WAY TO KNOW, DO THE WORK AND DRILL
