OTCQB : RFRHRF

Discussion in 'Penny Stocks' started by Rickydi, Feb 23, 2021.

  1. Rickydi

    Rickydi Member

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    Historical Au resource “ Parbec & non compliant NI43-101


    Version Polygon….Radius…Tonnage t…..Grade g/t ….Au Ounces Contained
    2018 (Inferred)…….25 m …..4,560,277……2.29 ………….304,745
    2018 (Indicated)…..25 m…….312,606………3.34 …………...30,437
    2018 (Inferred)…….50 m…….9,659,636……2.33……………656,875
    2018 (Indicated)….50 m …….368,105 …….3.47……………..37,224
    Total….Au ounces in all categories………….1,029,301

    This resource is not yet included in the Parbec NI43-101 but twinning will allow RFR to include some of it if not most of…….


    Parbec current 43-101 Au resource
    ……………………………………….........TONS………...TOTAL Au g……….Total Au Oz…………...g/t…..
    Parbec Total Indicated 263,230 ..952,317..............33,592........3.62
    Parbec Total Inferred...7,256,872..14,574,700.....514,108.........2.01

    Total……………………………………...…………..547,700 ounces
     
  2. Small time investor

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    If I understand the twinning, they aren't just duplicating the previous holes but going deeper as well. Is this correct?
     
  3. Rickydi

    Rickydi Member

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    I think Nicole attemted to reach the same vertical depth because the goal is to include in an updated 43-101 some of the historical resource that was non 43-101
    This is the PR discussing the twinning.
    PAR-21-132 was the final planned twin hole left to report upon; there are still numerous Parbec assays from the 15,569 m drilled in the 2020/2021 drill program still to receive and report. This program successfully completed the twining of 10 per cent of the holes drilled between 1986 and 1993, where each twin hole drilled delivered assay results comparable with, or better than, the historic ones. In addition to this, numerous holes were drilled, in this program, but also notably in Renforth's previous drilling, in proximity to historic holes, with the results consistently comparable, supporting Renforth's position that the 1986 to 1993 data can be relied upon not only for lithological information but also assay values.

    PAR-21-132 assay highlights

    [​IMG]
    In the vertical section for line 5225E, it is clear that PAR-21-132 successfully twinned PAR-87-33 and returned notable assay values at comparable locations down the hole, at relatively shallow depths and within the current conceptual open pit for the May, 2020, mineral resource estimate (MRE), which did not include any assay data for any of the 1980s or 1990s holes on the section. All of the 2020 and 2021 drill holes were drilled subsequent to the 2020 MRE; a future MRE calculation for Parbec will benefit from the inclusion of assay data in this area, both 2020/2021 and prior.

    Parbec top 10 drill intervals

    The highlight interval reported on today has a metal factor which supports its inclusion in the top 10; in fact, the subinterval from PAR-21-132 of 15.33 grams per tonne (g/t) gold over 1.75 m does meet the metal factor cut-off for inclusion, however, the longer interval is used.
    [​IMG]
     
  4. Rickydi

    Rickydi Member

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    Nicole Brewster President & CEO of Renforth Resources (CSE: RFR) (OTCQB: RFHRF) joined FTMIG to break down recent news, explain the paths the company is on, and share a general overview and update of what we can expect in the near future.

    Renforth's Flagship Property, Parbec open-pit gold deposit has had some of the best drill results ever.

    The plan to double the data in order to expand the resource is at the top of the list for Renforth as they move forward. Nicole also shares an overview of their Surimeau property that easily holds more than 50 km of geophysical anomalies that have never been drilled. The Sulphides are there, and the potential of these projects brings an immense amount of excitement for the future of Renforth Resources.

    As a Canadian Junior Exploration & Development company with five properties in their portfolio, and a full bank account, Nicole has an ability to paint a very clear picture and share the story of Renforth with ease and confidence that can be appreciated by shareholders and investors alike. We look forward to this story unfolding and hearing more from Nicole and the company.


     
  5. Rickydi

    Rickydi Member

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    Renforth Drills 9.5m of 4.66 g/t Gold at Wholly Owned Parbec Gold Deposit in Quebec

    August 24, 2021 – TheNewswire –

    Renforth Resources Inc. (CSE:RFR) (CNSX:RFR.CN) (OTC:RFHRF) (FSE:9RR ) (“Renforth” or the “Company”) is pleased to announce additional positive assay results from the 2021 portion of the >15,000m drilled into the wholly owned Parbec surface gold deposit in Malartic, Quebec, contiguous to the Canadian Malartic Mine.

    The interval of 9.5m of 4.66 g/t gold included a sub-interval of 1m which assayed 31.2 g/t of gold. This drill program, which consisted of 49 drill holes, was designed to infill gaps within the mineralized model, as well as test several historic holes in order to validate >13,000m of drill data excluded from the May 2020 Mineral Resource Estimate for Parbec and to begin to test the deposit at depth, greater than 75% of the mineralization in the model sits above a depth of 300m. With today’s release there are assay results from 10 drill holes remaining to be received and released once complete.

    Parbec Assay Results Highlights

    upload_2021-8-24_9-55-40.png


    Parbec 2020/21 Top 10 Drill Intervals

    The highlight interval reported on today has a metal factor which supports its inclusion in the list of Top 10 Drill intervals for the 2020/21 drill program, as presented below.

    upload_2021-8-24_9-56-1.png

    The highlight sub interval from today’s press release of 31.2 g/t gold over 1m in PAR-21-135 has a metal factor sufficient for inclusion in the overall assay value highlight table for Parbec. Please note it is believed this list is complete with regard to drilling from the 1980s to present, however, it may not be.


    upload_2021-8-24_9-56-25.png
    Surimeau District Project Update

    Renforth is currently planning a return to the field this Fall on the wholly owned 260 km 2 Surimeau battery metals property, specifically the 5km long Victoria West target, with nickel, copper and zinc sulphides observed on surface and within initial drilling.

    Renforth intends to, upon receipt of required permits, strip an area of surface mineralization at Victoria West in order to get a better look at the mineralized system between and outside of two areas of existing outcrop.

    In addition to this Renforth intends to fly a detailed magnetic survey and produce a high-resolution photo-mosaic of Victoria West using drone mounted geophysical equipment. A drone survey is a low impact and cost-effective way to obtain very accurate information with a quick turnaround, this data would be used in the planning of Renforth’s next drilling at Surimeau.

    Samples referred to in this press release were selected, split, bagged and tagged in the field and delivers to the facilities of AGAT Laboratories in Val d’Or Quebec where they were assayed for gold using “202-051 – Au by Fire Assay, AAS Finish” and “202-064 – Au by Fire Assay, Gravimetric Finish” for overlimit (>10 g/t Au) values.

    Technical disclosure in this press release has been reviewed and approved by Francis R. Newton P.Geo (OGQ#2129), a “qualified person” pursuant to NI 43-101

    For further information please contact:

    Renforth Resources Inc.
    Nicole Brewster
    President and Chief Executive Officer
    C:416-818-1393
    E: [email protected]

    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 polymetallic system, over ~5km of strike in the western end of the 20km central anomaly at Renforth’s wholly owned 260 km 2 Surimeau District Property.

    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 ~$5 million in cash and securities on hand (*as at 05/14/21), in addition to the gold contained in our gold deposit.
     
  6. Rickydi

    Rickydi Member

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    https://smallcaps.us/reports/CR_RFR.pdf[R1]

    Renforth Resources is a mineral exploration company that focusses on easily accessible Canadian-based gold projects.

    It holds Parbec, an open pit gold deposit, and Surimeau, a district scale battery metals discovery, both located near Malartic, Quebec, along with several other mineralized properties.

    The positive results and high-grade gold intervals that have been reported recently at Parbec build the speculative potential value for a transaction to vend the property.

    The ongoing stream of exploration results from the Surimeau and Parbec properties is contributing a powerful one-two punch combination for Renforth.

    Barely a third of the way into the year, the Company has completed two ambitious drilling programs.

    The backlog of samples awaiting assay required utilizing the services of a second laboratory facility.

    As these assay results are reported, each of these properties is gaining speculative value.

    Surimeau has already evolved from the concept stage to where it is now positioned as a confirmed battery metals discovery.

    The structural targets further along strike may yet reveal a very large deposit area.

    Victoria West presents a high magnitude discovery that will attract a lot of interest as work continues.

    We reiterate our buy recommendation for Renforth Resources with a price target of $0.23, which is 170% above today’s stock price.

    [R1]
     
  7. Rickydi

    Rickydi Member

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    Renforth Resources Inc (CSE:RFR) (OTCQB:RFHRF).CEO Nicole Brewster caught up with Proactive to talk through the latest drill results from the 2021 portion of the 15,000 meters drilled at its Parbec surface gold deposit in Quebec.

    Brewster says the group reported an interval of 9.5m of 4.66 grams per ton (g/t) gold included a sub-interval of 1m which assayed 31.2 g/t of gold. She added with ten more holes to report.

    There will likely be more good news to come from Parbec.

     
  8. Rickydi

    Rickydi Member

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    MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2021 AND JUNE 30, 2020


    Parbec Gold Property

    5) The pit constrained Au cut-off grade of 0.32 g/t Au was derived from US$1,450/oz Au price, 0.75 US$/C$ exchange rate, 95% process recovery, C$17/t process cost and C$2/t G&A cost. The constraining pit optimization parameters were C$2.50/t mineralized mining cost, $2/t waste mining cost, $1.50/t overburden mining cost and 50 degree pit slopes.

    Pit constrained total operating cost C$25/t

    6) The out of pit Au cut-off grade of 1.44 g/t Au was derived from US$1,450/oz Au price, 0.75 US$/C$ exchange rate, 95% process recovery, C$66/t mining cost, C$17/t process cost and C$2/t G&A cost. The out of pit Mineral Resource grade blocks were quantified above the 1.44 g/t Au cut-off, below the constraining pit shell and within the constraining mineralized wireframes. Additionally, only groups of blocks that exhibited continuity and reasonable potential stope geometry were included. All orphaned blocks and narrow strings of blocks were excluded. The longhole stoping with backfill method was assumed for the out of pit Mineral Resource Estimate calculation..

    Out of pit total operating cost C$85/t

    Surimeau

    Surimeau District Property Renforth’s Surimeau Property covers 260 km2 , encompassing 6 areas of historic polymetallic mineralization, within one property for the first time.

    4 of these properties are located within geophysical anomalies which strike >50km in two bands. The central band stretches for ~20km, with the Victoria West Target in the western end and the Colonie Target in the eastern end.

    Both of these target areas were visited by Renforth during initial fieldwork, with surface mineralization obtained via grab samples at each, which supports historical records of nickel, copper and zinc mineralization.

    The northern band, ~30kms in strike, hosts the Surimau target in the NW, not visited by Renforth yet, and the Lalonde target in the centre, which is located ~3km north of the Victoria West target area and was visited by Renforth, with grab samples again proving surface mineralization for nickel, copper and zinc.

    In Spring 2021 Renforth completed a drill program of 3456m in 15 drill holes across 2.2 kms. of strike at Victoria West, each of the 15 holes drilled returned visual nickel, copper and zinc sulphide mineralization, assays are pending.

    Renforth considers the geophysical anomaly, which strikes for ~20km in the central band and hosts Victoria West in its western end, to accurately reflect the presence of the nickel rich VMS system the Surimeau District Property, with a significant amount of the property hardly explored.

    Nixon Bartleman Property

    Consisting of four patents and 24 staked claims over an area of 313Ha, straddling the Porcupine Destor Deformation Zone, in the Porcupine Mining Camp of the West Timmins Mining area, approximately 45 km SW of Timmins, only 10 kms SW of Timmins West Mine, held by Lakeshore Gold, a subsidiary of Pan-American Silver.

    This property is known to host five gold bearing quartz veins in a structurally complex environment. An initial exploration program on the property obtained gold values at surface in cut channel samples and extended the strike of the surface mineralization. The property has seen historic drilling, assay results include up to 40 g/t gold and intersected a gold-bearing porphyry.

    This property has seen exploration, including 43 drillholes, in fits and starts, making a comprehensive mapping and sampling program, along with a data compilation, Renforth’s first area of focus.

    Malartic West

    Contiguous to the Canadian Malartic mine, is documented as gold bearing at several locations on surface and in drillholes, however, it is also the site of a copper/high grade silver discovery made by Renforth and traced on surface over ~165m. Results obtained by Renforth at the Beaupre copper discovery included a grab sample high value of 3.59% Cu and 6.62 g/t Ag.

    This copper showing is a discovery program, with no prior work and little geophysical coverage, strike is open in all directions and the showing has not been drilled.


    As of august 2021 Renforth working cap still C$4,000,000
     
  9. Rickydi

    Rickydi Member

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  10. Rickydi

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  11. Rickydi

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    John Feneck: Bullish Signals All-Around in the Mining Stocks

    Tom welcomes John Feneck of Feneck Consulting to the show. John discusses his extensive background with Merrill Lynch and JP Morgan of nearly thirty years. Afterward in 2017, he started working for Sprott while developing his own direction with Feneck Consulting which he launched recently.


    FOMC Chair Powell is a former attorney and isn't an economist. So, it's important to listen to what the Fed chair is saying and avoid noise from others even those at the Fed. John explains the importance of non-farm payrolls metrics but one should also watch the CPI and home prices.

    He cautions that a single metric should not affect the gold sector that much. Miners will offer outsized returns particularly this fall since they have been beaten down. All the large mining conferences are coming up this fall and most CEOs are excited.


    John explains when they prefer to hold physical versus when they prefer to trade. Currently, some equities like the hospitality sector may be well ahead of themselves especially considering the delta variant.


    He likes silver and particularly palladium because of its limited supply and details why there are opportunities with palladium juniors. Crypto he argues has taken some of the speculation away from the metals.


    There are many opportunities for making money today and that causes a lack of interest in certain sectors but also opportunities for the observant.


     
  13. Rickydi

    Rickydi Member

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    Parbec 43-101 recalculation is coming soon
    Total Au resource should increase from 547,000 ounces to 1,500,000 Au ounces
    Total exploitation cost of the open pit is $25 per ton
    RFR will make a lot of money with Parbec
    Net present value 0.35¢ per share
     
  14. Rickydi

    Rickydi Member

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    https://smallcaps.us/reports/CR_RFR.pdf[R1]

    Renforth Resources is a mineral exploration company that focusses on easily accessible Canadian-based gold projects.

    It holds Parbec, an open pit gold deposit, and Surimeau, a district scale battery metals discovery, both located near Malartic, Quebec, along with several other mineralized properties.

    The positive results and high-grade gold intervals that have been reported recently at Parbec build the speculative potential value for a transaction to vend the property.

    The ongoing stream of exploration results from the Surimeau and Parbec properties is contributing a powerful one-two punch combination for Renforth.

    Barely a third of the way into the year, the Company has completed two ambitious drilling programs.

    The backlog of samples awaiting assay required utilizing the services of a second laboratory facility.

    As these assay results are reported, each of these properties is gaining speculative value.

    Surimeau has already evolved from the concept stage to where it is now positioned as a confirmed battery metals discovery.

    The structural targets further along strike may yet reveal a very large deposit area.

    Victoria West presents a high magnitude discovery that will attract a lot of interest as work continues.

    We reiterate our buy recommendation for Renforth Resources with a price target of $0.23, which is 170% above today’s stock price.

    [R1]
     
  15. Small time investor

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  16. Rickydi

    Rickydi Member

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    Twinning potential

    Renforth’s drill program was planned to twin, infill and undercut historic drill holes at Parbec, to support a rebuild of the geological model and a resource estimate restatement

    Historical Au resource “ Parbec & non compliant NI43-101


    Version Polygon….Radius…Tonnage t…..Grade g/t ….Au Ounces Contained
    2018 (Inferred)…….25 m …..4,560,277……2.29 ………….304,745
    2018 (Indicated)…..25 m…….312,606………3.34 …………...30,437
    2018 (Inferred)…….50 m…….9,659,636……2.33……………656,875
    2018 (Indicated)….50 m …….368,105 …….3.47……………..37,224
    Total…………………..Au ounces in all categories………….1,029,301

    This resource is not yet included in the Parbec NI43-101 but twinning will allow RFR to include some of it if not most of…….

    Parbec current 43-101 Au resources…….........TONS………...TOTAL Au g……….Total Au Oz…………...g/t…..
    Parbec Total Indicated.................................... 263,230 ...........952,317..................33,592.......................3.62
    Parbec Total Inferred......................................7,256,872..........14,574,700..............514,108....................2.01

    Total………………………………………………………..547,700 ounces


    Potential…Historical + 43-101= new 43-101…………….1,577,001 Au ounces
     
  17. Rickydi

    Rickydi Member

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    Math 101
    Gold Open Pit Valuation
    50$ to 75$ an ounce or 2.8% to 4% of current gold price
    Potential recalculation 1,500,000 Au Oz X 50$ /250,000,000 shares issued = 0.30¢ per share
    ....................................................................X 75$...............................................= 0.45¢ per share
     
  18. Rickydi

    Rickydi Member

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    Depth Display By Price
    Bid Count.........Bid Size.........Bid Price.........Ask Price.......Ask Size......., Ask Count
    1......................1,000..............080..................08..................131,000...............4
    4......................50,000...........0.075...............0.085..............114,000...............3
    5......................122,000.........0.07.................0.09................125,000...............2
    4......................57,000..........0.065................0.095...............85,000................5
    4......................105,000........0.06..................0.10.................100,000..............1
     
  19. Small time investor

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    Still undervalued as this only accounts for Parbec. The rest of the property has huge potential too. It wouldn't surprise me if the stock didn't surpass $1.00.
     
  20. Rickydi

    Rickydi Member

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    Fantactic value when you add Historial resource to Open Pit gold ounces Twinning will allow RFR to convert non compliant resource (historical) to a 43-101 new total of 1,500,000 ounces.

    Open Pit exploitation cost is 25$ per tonne.

    What's the value of an ounce in the ground 50 to 75$

    Parbec is only 4Km away from Camflo

    Close neighbour Canadian Malartic Mine (Yamana &Agnico)
     

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