Renforth issued a PR this am. Parbec Update - includes assay results for Fall 2020 drill program, including 10.75m of 1.54 g/t gold drilled in PAR-20-121 Surimeau Update - includes visual identification of nickel, copper and zinc in each hole drilled over 2.2km strike length at Victoria West 35 drill holes in both phase one (Fall 2020) and phase two (Winter 2021) of the program still outstanding. Surimeau: Victoria West Target Area, a nickel rich VMS target which has been explored historically and by Renforth over a strike length of 5kms within a 20km long magnetic anomaly associated with intrusives. This program has successfully drilled off 2.2km of this strike length. Significant chalcopyrite, sphalerite and pyrrhotite mineralization was identified in each hole drilled. The mineralized anomaly is now proven to be up to 250m in width View source version on accesswire.com: https://www.accesswire.com/640093/R...-and-Sulphides-over-22-kms-Strike-at-Surimeau
RFR listing is on the CSE CSE offer free level 2 quotes Follow this link it is free https://www.thecse.com/en/listings/mining/renforth-resources-inc
It was a good day C:RFR - Renforth Resources Inc. - http://www.renforthresources.com Bid Ask Last Vol [email protected] [email protected] 0.09 2,391.0 Q:RFHRF - RENFORTH RESOURCES INC - https://renforthresources.com Last Vol 0.0712 222.1 Depth Display By Price: https://www.thecse.com/en/listings/mining/renforth-resources-inc ·
Last trade 0.10¢ I started to buy @ 0.055 I'm still long My target is 0.25¢ RFR is GOLD, SILVER, COPPER, NICKEL .......an excellent combo
InvestmentPitch Media Video Discusses Renforth Resources' Additional Drill Results from Parbec Gold Deposit in Quebec Including 10.75m Grading 1.54 g/t Gold which Included 2.85 g/t Gold over 3.61m
China opens its borders to billions of dollars of gold imports - sources Reuters Friday April 16, 2021 12:17 Kitco News * China is world's biggest gold consumer * Demand collapsed during pandemic but now recovering * Central bank allows biggest imports since COVID - sources * About 150 tonnes to be shipped in April/May - sources (Adds context, analyst quote) By Xiao Han, Peter Hobson and Swati Verma BEIJING/LONDON/BENGALURU, April 16 (Reuters) - China has given domestic and international banks permission to import large amounts of gold into the country, five sources familiar with the matter said, potentially helping to support global gold prices after months of declines. China is the world's biggest gold consumer, gobbling up hundreds of tonnes of the precious metal worth tens of billions of dollars each year, but its imports plunged as the coronavirus spread and local demand dried up. With China's economy rebounding strongly since the second half of last year, demand for gold jewellery, bars and coins has recovered, driving domestic prices above global benchmark rates and making it profitable to import bullion. The local premium is now about $7 to $9 an ounce, according to gold traders in Asia, and would probably have increased further if more imports to satisfy demand had not been allowed. About 150 tonnes of gold worth $8.5 billion at current prices is likely to be shipped following the green light from Beijing, four sources said. Two said the gold would be shipped in April and two said it would arrive over April and May. The bulk of China's gold imports typically comes from Australia, South Africa and Switzerland. The People's Bank of China (PBOC), the country's central bank, controls how much gold enters China through a system of quotas given to commercial banks. It usually allows metal in but sometimes restricts flows. "We had no quotas for a while. Now we are getting them ... the most since 2019," said a source at one of the banks moving gold into China. The PBOC did not respond to a request for comment. The size of the shipments signals China's dramatic return to the global bullion market. Since February 2020, the country has on average imported gold worth about $600 million a month, or roughly 10 tonnes, Chinese customs data show. In 2019, its imports ran at about $3.5 billion a month, or roughly 75 tonnes. China's absence made little difference to gold prices early in the pandemic when Western investors fearful of economic catastrophe stockpiled vast amounts of the safe-haven asset, pushing it to a record high of $2,072.50 an ounce. But the investor interest drifted away as vaccines and government stimulus programmes revived economic growth and gold prices have sagged to around $1,750 an ounce. India's demand for bullion has also rebounded from a pandemic-induced slump, with record-breaking imports in March of 160 tonnes of gold, an Indian government source told Reuters this month. China and India typically account for some two fifths of the world's annual demand for gold. Their recovery is "critical in setting the floor for gold" and should stop prices from falling further over the coming months, said Suki Cooper, an analyst at Standard Chartered. Jewellery sales in China during the Lunar New Year holiday in February were stronger than in 2019 and 2020 and manufacturers and retailers needed to replenish their stocks, said Philip Klapwijk at Precious Metals Insights, a consultancy in Hong Kong. "A pretty decent recovery in gold demand this year will require a generally much higher level of gold imports (than in 2020)," he said. Reporting by Xiao Han in Beijing, Peter Hobson in London, Swati Verma and Arpan Varghese in Bengaluru; Editing by Veronica Brown, Shri Navaratnam and David Clarke
Gold price still going up + 15$ today Good for RFR RFR will update its 43-101 for Gold open pit PARBEC Post recalculation RFR will sell the deposit to Canadian Malartic Mines who needs the ore to keep the mill running
In may 2020 RFR updated it 43-101 resources estimate for Parbec This year there will be another update as RFR did 15,000m of drill The program was to drill the open pit and drill outside the open pit where was located the historical resource of 550K Au ounces This year the update will be most of the 550K + 281K old 43-101 + new results from open pit 700K to 900K RFR trades at 0.10¢ RFHRF trades at 0.0783¢
Renforth Resources President & CEO Nicole Brewster presents at the February 2021 Virtual Investor Day (VID) Conference. Nicole outlines how Renforth has pivoted to a focus on battery metals at the Company's Surimeau property. Surimeau is a nickel and VMS system with district-scale potential. The property is directly adjacent on the west of Canada's largest open pit gold mine - the Canadian Malartic Mine, operated as a joint venture between Agnico Eagle and Yamana Gold. Renforth plans to conduct a 2,500 meter (increased to 3,500-4,000m) drill program at the property, starting in April or May of 2021 to begin testing high priority targets identified through geophysics, outcrop sampling and previous drilling. Surimeau is a very large property, currently featuring three geological trends: the northern trend, approximately 30 km long, the central trend, about 20 km long, and a shorter south trend. Renforth's current focus is the central trend. As recently announced, Renforth has verified that most of the nickel found to date at Surimeau (68%) is sulphide nickel that would be battery grade. As this is a very large project, Renforth is open to a eventually partnering with another company on this project, but the Company first wants to conduct their own exploration work to better define what they have. Renforth's second key asset is it's Parbec open-pit gold deposit, which is directly adjacent to the East Amphi property that represents the western edge of the Canadian Malartic Mine. Renforth is currently conducting infill and resource definition drilling at Parbec to increase the existing resource, including bringing in historical drilling data and expanding the deposit at depth. The Company hopes to be able to increase the resource at Parbec to 500,000 ounces of gold or higher. Drilling is expected to continue until April and hopes to have the updated resource estimate out by late Q2 or early Q3. It is Renforth's intention to sell Parbec and use this capital as a means of funding exploration at Surimeau. Nicole also provides a brief overview of some of Renforth's other properties at Malartic West (copper) and Nixon-Bartleman in Ontario (gold), which features 500 m of strike along the Destor-Porcupine fault. 00:00 Presentation Section 31:35 Q&A Session Renforth Resources (RFR - CSE) is an asset deep junior, fully funded to drill and add value to their 5 property portfolio, specifically the district-scale battery metals Surimeau nickel VMS property and their Parbec open pit gold deposit on the Cadillac Break, both of which are adjacent to the Canadian Malartic Mine in the prolific Abitibi gold belt of Quebec. After recently banking approximately $8 million CAD from the sale of the company's New Alger property, Renforth now has the capital it needs to increase the size and depth of the relatively shallow Parbec Gold deposit, which neighbours Canada’s largest open pit gold mine, and explore on the large and newly consolidated Surimeau battery metals property. Renforth currently trades on the Canadian Securities Exchange under the symbol CSE: RFR, on the OTC market under the symbol OTC: RFHRF and on the Frankfurt Exchange under FRA: A2H9TN. To learn more about Renforth Resources, please visit their website at: https://renforthresources.com/ You can also Email CEO Nicole Brewster directly at: [email protected] If you enjoyed this video, please consider hitting like, commenting and subscribing to our channel. Don't forget to hit the notification bell to be kept informed of any new investment related content we put out. Looking to talk stocks, investing and trading with other self-directed investors in a respectful environment? Join our Discord chat server: https://discord.gg/yecSm9V You can join also our Facebook community at the following link: https://www.facebook.com/groups/follo... Follow our Facebook Mining Page to be kept in the loop on mining related news and video content: https://www.facebook.com/FTMIGMining You can also follow us on Twitter at: https://twitter.com/FTMInvest Originally filmed on February 18th, 2021
https://www.stockwatch.com/News/Item/U-prNY46794-U!RFHRF-20210419/U/RFHRF Live Virtual Investor Conference April 22nd: Critical and Strategic Minerals Investment Opportunities in the Province of Quebec FREE REGISTRATION AT: https://bit.ly/3gqAR0t 11:00 AM Renforth Resources Inc. (OTCQB: RFHRF | CSE: RFR)
ORIGINAL: Renforth Drilling Confirms Battery Metals Mineralization at Victoria West Correlates with Magnetic Anomaly 2021-04-20 08:00 ET - News Release PICKERING, ON / ACCESSWIRE / April 20, 2021 / Renforth Resources Inc. (CSE:RFR)(OTCQB:RFHRF)(FSE:9RR) ("Renforth" or the "Company") is pleased to inform shareholders that the Spring 2021 drill program on the Surimeau District Property, southwest of Malartic, Quebec, has concluded with 3456m drilled in 15 holes over 2.2 kms strike of the Victoria West Target. Visual results from this program are significant, confirming that the Victoria West mineralization is mirroring a regional east-west elongated magnetic anomaly and a strong EM conductor embedded within a Pontiac Group sedimentary/ultramafic unit. Within this package, a series of ultramafic komatiitic flows are intercalated with sedimentary graphitic mudstone and quartzite strata. Visually, the most base metal-rich zones are within the graphitic mudstones, which are up to tens of meters thick. These have local zones of disseminated copper, nickel and zinc mineralization in a continuous litho-tectonic unit that occurs on both the north and south sides of the ultramafic strata, in every hole drilled along the entire 2.2km strike length. Multiple base-metal-enriched sections, each up to several metres in core length occur from surface up to a vertical depth of 200m in these holes. Pyrrhotite with visible pentlandite inclusions are observed replacing pyritic nodules within the mudstones, along with sphalerite in bands and disseminations, and chalcopyrite along fractures. In planning this drill program Renforth relied upon a high-resolution helicopter borne geophysical survey flown by the Quebec government in 2012 with 100m line spacing flown at 40m elevation and compiled data from historic exploration programs during the period 1940- 1980. This work included trenching of surface expressions of the surface mineralization and shallow drilling of EM targets from multiple historic VLF and mag surface geophysical surveys. All of which was correlated with Renforth's 2020 summer prospecting results and the 194m of drilling in 3 holes from fall 2020 (see Renforth press release of March 31st 2021). This survey has been proven, in this drill program, to accurately measure the pyrrhotite rich sedimentary and ultramafic associated mineralization in the geophysical anomaly at Victoria West, over the 2.2 kms strike which was drilled. There remains 4km of the anomaly to be drilled to the west and 12kms to the east, with the Colonie Target at the eastern end of the anomaly. Samples have been selected from the core and will be submitted for assay as soon as they are split, bagged and tagged. In addition to this, additional sampling of core was carried out on Renforth's other project, Parbec in order to constrain gold intervals which have been reported on from the 2020 drill program, but which were not constrained, requiring additional sampling. All assay results will be reported on when received. It is anticipated that sample processing will conclude this week. Renforth invites those who would like to learn more about our Surimeau District Property to join us for the "Critical and Strategic Minerals Investment Opportunities in Quebec" conference on April 22nd 2021 at 11am. This free event, co-sponsored by the Province of Quebec, Murdock Capital Partners and TAA Advisory, is held online with registration required via this link "Click here to Register" Francis R. Newton P.Geo (OGQ#2129) and Martin Demers P.Geo (OGQ #770), are "qualified persons" pursuant to NI 43-101, have reviewed and approved the technical disclosure in this press release. For further information please contact: Renforth Resources Inc. Nicole Brewster President and Chief Executive Officer C:416-818-1393 E: [email protected] #269 - 1099 Kingston Road, Pickering ON L1V 1B5 Follow Renforth on Facebook, LinkedIn and Instagram! About Renforth Renforth holds the Parbec open pit constrained gold deposit in Malartic Quebec, contiguous to the Canadian Malartic mine, with a 2020 resource estimate of 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. This resource estimate is now considered by Renforth to be out of date due to the results received in a 15,569m drill program which has been recently completed. This program was planned to twin, infill and undercut existing drill holes at Parbec, to support a rebuild of the geological model and a resource estimate 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 million in cash and securities on hand (*as at 03/15/21), 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. SOURCE: Renforth Resources Inc. View source version on accesswire.com: https://www.accesswire.com/641283/R...ictoria-West-Correlates-with-Magnetic-Anomaly
In a recent InvestorIntel interview, Peter Clausi spoke with Chris Thompson, President of eResearch Corp. about his 29-Page Initiation Equity Research Report on Renforth Resources Inc. (CSE: RFR | OTCQB: RFHRF | FSE: 9RR). In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Chris went on to say that Renforth has four gold and battery metal projects within the Abitibi Greenstone Belt with its main project, the Parbec Gold Project, adjacent to the Canadian Malartic mine, Canada’s largest operating open-pit gold mine, and a potential buyer. Renforth recently completed a Winter drill program at Parbec to build ounces and bring historical drill results into the resource calculations. With a history of building resources and selling projects, Chris said Renforth has a NI 43-101 near-surface resource of 282,800 gold ounces at the Parbec project which he expects to double in size with the updated resource, expected this quarter.
eResearch gives Renforth Resources (CSE:RFR) a Buy Recommendation Renforth Resources, a Canadian-focused mineral exploration company, is both asset- and cash-rich with a collection of four 100% owned gold and battery metal projects within the Abitibi Greenstone Belt, a world-class mining region, with three projects in Quebec and one in Ontario.
In a recent InvestorIntel interview, Peter Clausi spoke with Chris Thompson, President of eResearch Corp. about his 29-Page Initiation Equity Research Report on Renforth Resources Inc. (CSE: RFR | OTCQB: RFHRF | FSE: 9RR). In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Chris went on to say that Renforth has four gold and battery metal projects within the Abitibi Greenstone Belt with its main project, the Parbec Gold Project, adjacent to the Canadian Malartic mine, Canada’s largest operating open-pit gold mine, and a potential buyer. Renforth recently completed a Winter drill program at Parbec to build ounces and bring historical drill results into the resource calculations. With a history of building resources and selling projects, Chris said Renforth has a NI 43-101 near-surface resource of 282,800 gold ounces at the Parbec project which he expects to double in size with the updated resource, expected this quarter.
eResearch report summary COMPANY DESCRIPTION: Renforth Resources Inc. (“Renforth” or “the Company”) is a Canadian-focused mineral exploration company with a portfolio of four gold and battery metal projects within the Abitibi Greenstone Belt, a world-class mining region, with three projects in Quebec (Parbec, Surimeau, and Malartic West), and the Nixon-Bartleman property in Ontario. INVESTMENT THESIS AND UPCOMING CATALYSTS: · Four Exploration Projects in the Abitibi Driving Value: - Parbec Gold Project: Current near-surface, NI 43-101 resource of 282,800 gold ounces at 1.77 g/t, located on Cadillac Break, near Malartic, Quebec. - Surimeau Battery Metals Project: District-scale project with seven mineralized targets and Volcanogenic Massive Sulphide (VMS) potential, near Malartic, Quebec. - Malartic West Copper-Silver Project: District-scale project adjacent to the western border of the Canadian Malartic Mine (CMM). - Nixon-Bartleman Gold Project: Gold on the surface over a strike length of 500m and sitting on the Destor-Porcupine Fault, near Timmins, Ontario. · Strong Management Team: Management has extensive experience and geological knowledge of the region. · Fully Funded for 2021: With the recent financing and asset sale, Renforth has $6.3 million in cash and securities and no debt. · Upcoming Catalysts: o Parbec: Drill results from the completed 15,569-metre drill program with planned resource restatement in Q2/2021. o Surimeau: Results from a 15-hole (3,600 metres) drill program planned in the spring of 2021. o Malartic West: Results from early stage exploration work in 2021. o Nixon-Bartleman: Exploration results from the planned Q2/2021 field work program. FINANCIAL ANALYSIS & VALUATION: · We value Renforth based on a sum-of-parts model at $78.9 million or $0.25/share based on the fully diluted share count of 321.1 million. · We are Initiating Coverage with a Speculative Buy rating and one-year price target of $0.25.
Renforth Resources Inc (CSE:RFR) (OTCPINK:RFHRF) (FRA:9RR) CEO Nicole Brewster tells Proactive the group has reported results from the first hole of its 2021 program at the company's flagship Parbec open pit gold deposit in Quebec. Brewster says the hole was a successful "twin" of another hole, supporting 1993 data, whose results were not used in last year's resource estimate. Brewster says the Parbec drill program was designed to fill in gaps within the existing deposit model, to test for the downdip extension of mineralized zones and to twin holes drilled between 1986 and 1993 to allow the assay results from those 62 holes to be used in the 2021 resource estimate, which is expected to be completed in June or July this year.
PARBEC HISTORICAL RESOURCE not included in the 43-101 (280k Au Oz) The company announced an initial resource estimate for Parbec in March 2016, with 33,592 ounces of gold in the indicated category and 514,108 ounces of gold in the inferred category. https://www.spglobal.com/marketintelligence/en/news-insights/trending/ngphgc7aayo3sh0lrkfdqa2
