Virtual Investor Conference now availalble on demand You need to register with this link REGISTER OR LOGIN NOW TO VIEW THE PRESENTATIONS: https://bit.ly/2PllJG
Barchart opinion Monday April 05, 2021 https://www.barchart.com/stocks/quotes/RFR.CN/opinion Overall Average: 100%BUY Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal. 0 100 Current Strength Good 0 100 Current Direction Strongest · Strength & Direction Composite Indicator TrendSpotter BUY Short Term Indicators 20 Day Moving Average BUY 20 - 50 Day MACD Oscillator BUY 20 - 100 Day MACD Oscillator BUY 20 - 200 Day MACD Oscillator BUY 20 - Day Average Volume: 477,842 Average: 100% BUY Medium Term Indicators 50 Day Moving Average BUY 50 - 100 Day MACD Oscillator BUY 50 - 150 Day MACD Oscillator BUY 50 - 200 Day MACD Oscillator BUY 50 - Day Average Volume: 594,479 Average: 100% BUY Long Term Indicators 100 Day Moving Average BUY 150 Day Moving Average BUY 200 Day Moving Average BUY 100 - 200 Day MACD Oscillator BUY 100 - Day Average Volume: 482,508 Average: 100% BUY
I expect the stock will just bounce around for a while until they reveal more core info. In the US the stock has gone down today by a little bit. Asking prices are not much higher and buyer offers aren't much lower.
Offers are a lot smaller and no longer hitting the bid to exit It seems the weak hands are gone and stock resume its uptrend Early jan 2021 the stock was 0.055-0.06¢ Today 0.085-0.09¢ 50% up
New PR Renforth drills 49.6 m of 1.46 g/t Au at Parbec HIGHLIGHTS 2021-04-07 08:06 ET - News Release Ms. Nicole Brewster reports RENFORTH INTERSECTS 49.6M OF 1.46 G/T GOLD AT PARBEC OPEN PIT GOLD DEPOSIT Renforth Resources Inc. has updated shareholders on drill results received for Renforth's 2020 drill program on the wholly owned Parbec open-pit constrained gold deposit on the Cadillac Break, adjacent to the Canadian Malartic mine. This press release gives highlights of assays received for PAR-20-116, PAR-20-106, PAR-20-107, PAR-20-108 and PAR-20-109, all drilled in the Fall 2020 program at Parbec where 9,644m were drilled in phase one of a drill program designed to support a new 2021 resource estimate for Parbec. The drill program finished at 15,569m of drilling completed with the assay results for a total of 37 drill holes in both phase one (Fall 2020) and phase two (Winter 2021) of the program still outstanding. The drill program was designed to fill in gaps within the existing deposit model, to test for the downdip extension of mineralized zones with undercut drillholes and to twin holes drilled between 1986 and 1993 in order to allow the assay results from those 62 holes to be used in the 2021 resource estimate for Parbec, anticipated to be completed in June/July 2021, however, the timeline is dependent on the receipt of assays. The five holes reported on in this press release continue Renforth success in drilling at Parbec with, again, each hole drilled returning gold values of interest. 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. Link to read the entire news https://www.stockwatch.com/News/Item/Z-C!RFR-3059591/C/RFR
Renforth Resources Inc (CSE:RFR) (OTCMKTS:RFHRF) (FRA:9RR) CEO Nicole Brewster tells Proactive the group has reported more results from last year's drilling at its flagship Parbec open pit gold deposit in Quebec, which are expected to bolster the updated resource estimate for the asset, expected in June or July this year. Brewster says the assays come from five holes, which were sunk in the Fall program, where 9,644 metres (m) were drilled in a Phase one program. A stand-out was 4.02 grams per ton (g/t) gold over a width of 4m from a depth of 141m to 145m. She adds a total of 37 drill holes from both phase one and phase two are still outstanding.
What he CEO is doing is to twin some holes of the non 43-101 historical resources to make it 43-101 Below the historical PR about 550K Au ounces Renforth Resources discovers new gold at Parbec in Quebec Renforth Resources Inc. discovered new gold mineralization at its Parbec property in Quebec, located about 200 meters north of and separate from existing resources. The company recently kicked off its 2017 prospecting and trenching program at Parbec, which identified an area hosting several undocumented trenches and a small pit, dubbed the Island Trenches. Grab sampling from the pit area returned gold grades of 9.60 g/t and 3.69 g/t, while one sample from a nearby trench returned 2.12 g/t, according to the July 12 release. Follow-up work is planned. Renforth also reported that similar material was identified at Deerfly Ridge, 300 meters to the northeast of the Island Trenches within the Piche volcanic group, with two grab samples and two channel samples collected and assays pending. 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
Renforth Resources announces discovery of new gold zone at Parbec deposit, Quebec "This is a new gold setting at Parbec, which will require additional investigation in order to determine the extent," the company said Reporting results from one hole, assays included an intercept of 1.5m at 5.34 g/t gold from a depth of 83.4m and 15.8 g/t of the precious metal in an intercept of 0.5m from 159m depth Renforth Resources Inc (CSE:RFR) (told investors it has discovered a new gold zone at its Parbec project in Quebec, which lies outside the current resource. Reporting results from one hole, assays included an intercept of 1.5 metres (m) at 5.34 grams per ton (g/t) gold from a depth of 83.4m and 15.8 g/t of the precious metal in an intercept of 0.5m from 159m depth. Also found was 6.43 g/t gold in a three-metres length starting at 174.7m depth. READ: Renforth Resources reveals high-grade gold intercepts at its Parbec open pit deposit in Quebec's Cadillac Break Renforth noted that each of these assays highlights were taken from some level of quartz veining within sediments. "This is a new gold setting at Parbec, which will require additional investigation in order to determine the extent," the company said. Renforth's wholly-owned Parbec asset is a road accessible open pit gold deposit in Quebec’s Cadillac Break, contiguous to Canadian Malartic, Canada’s largest gold mine. It currently boasts 104,000 indicated ounces of gold at a grade of 1.78 g/t and 177,000 inferred ounces at 1.78 g/t gold. The company is presently carrying out a 15,000m drill program planned to twin, infill and undercut existing drill holes in a bid to rebuild the geological model and increase the resource estimate. Last week, Renforth posted results from a 2020 drill campaign at the deposit, highlighting a standout intersection of 21.5m grading 5.6 g/t gold, including 6.3 g/t over 16.7m and 37.3 g/t gold over 1m. The interval occurred within the pit wall of a May 2020 resource estimate on the project and represents new mineralization, it said.
Quebec explorer Renforth Resources has 'explosive' potential with its nickel-rich VMS discovery, says CEO Excitement is currently building over the group's Surimeau property after it confirmed a potential district scale VMS nickel-rich discovery there. What sets Renforth's Surimeau apart is the amount of potential nickel the deposit houses, says Brewster Renforth Resources Inc (CSE:RFR) (OTCPINK:RFHRF) (FRA:9RR) offers an interesting investment proposition, since as well as being a Quebec gold exploration play it is also a green (battery) metals story. The smallcap resource group is advancing its Parbec gold property, which lies on the famous Cadillac break and already boasts an indicated open pit resource of 104,000 ounces at 1.78 grams per ton (g/t) gold, along with 177,000 inferred ounces at 1.77 g/t gold. But excitement is currently building over the group's Surimeau property after it confirmed a potential district scale VMS nickel-rich discovery (over around 20km) at the large 215 square kilometre (sq km) asset. The current exploration focus is at the western end of the property, covering about 5km of strike. Drilling started The company has just kicked off a 3,500 metre (m) drill program (for which it is fully funded) at the Victoria target to cover around 3km of that strike to confirm the discoveries from sampling and increase the company's geological understanding. VMS deposits are not unheard of in the Abitibi and Agnico Eagle's (NYSE:AEM) flagship LaRonde mine, which is exploiting a gold-rich volcanogenic massive sulphide deposit, lies just 20km north. What sets Renforth's Surimeau apart though is the amount of potential nickel the deposit houses. "That's unique on a global scale," explains Renforth's CEO of nine years Nicole Brewster, a former exploration contractor and the daughter of an exploration geologist. "Nickel discoveries are few and far between." "To have nickel and copper, which are the leading metals in this green revolution in the same spot is kind of interesting," she says. And with VMS deposits come other metals too. For example, drill assays at Surimeau have included 1.16% zinc and 0.132% copper over 4.03 metres (m) from bedrock surface down to 4m, followed by 0.147% nickel (Ni) over 7.9m. Commodities such as nickel, zinc and copper are now gaining traction as the world population grows and the transition to clean energy from fossil fuels increases. Copper is widespread in building and energy applications. Along with nickel, it is also vital in manufacturing electric vehicles (EVs), 140 million of which are expected to be on the road by 2030, according to a report from Wood Mackenzie. Battery metals Brewster reckons the current world situation also means the general investor is increasingly looking at mining firms, particularly those in the battery metals space. "I think it's opening a lot of eyes to our existence, which is if you can't grow it you have to mine it," she says. To that end, and to help understand what the company has on its hands at Surimeau, it has hired VMS deposit expert Dr James Franklin as principal technical advisor who will guide exploration and drill targeting at the property. He has compared the project to the sort of deposits found in the Outokumpu mining district of Finland with its sulphide deposits and economic grades of copper, zinc, cobalt, nickel, gold and silver. Like Renforth's Parbec property, Surimeau is contiguous to the Canadian Malartic mine (CMM), Canada's largest operating open pit (a joint venture between Yamana Gold and Agnico Eagle) and nearby to several producing mines and mills, so processing any future potential ore from Surimeau should not be an issue. Speaking of Parbec, Brewster's aim is to sell that project on, so Renforth can focus attention on under-explored Surimeau, and it is hoped a restated resource estimate at Parbec, earmarked for release in the second quarter this year, should help that process along. The resource update will include assays from 15,000m of new drilling, which has just been completed, along with historic data from the 1980s and 1990s, and Brewster believes the estimate will 'comfortably' surpass 500,000 combined indicated and inferred ounces. Recent results have been encouraging, with the company announcing the discovery this month of a new area of mineralization, actually located within the current conceptual open pit wall, which graded 5.57 g/t gold over 21.45m. In terms of a sale of Parbec, Brewster says the firm's neighbour could be potentially interested in this open pit resource, from an operational standpoint. "I believe Canadian Malartic will need the mill feed. They are going to shift to underground and they need feed to keep their mills turning while they do that," she says. Indeed, the operators of CMM are currently stockpiling low grade ore to sustain the operation while they pivot. So Renforth looks to be in a good spot, both in terms of finances and geography. Well funded The firm has around C$6 million in cash and securities on hand so it can meet exploration demands at Surimeau for the foreseeable future. That doesn't include the value of over 281,000 ounces of gold, which is in effect in storage (in the ground) at Parbec. It is also worth noting that the company does have other 'irons in the fire' in mining-friendly Quebec, namely its Malartic West property, which spans 53 sq km adjacent to the western border of the CMM and the site of a surface copper/silver discovery traced over 200 metres. It also wholly-owns the Nixon-Bartleman property in Ontario on the Destor-Porcupine Fault, with gold on surface over 500m of strike, which remains open, and the Denain-Pershing project - a large, mineralized land position east of Val d’Or Quebec, which is currently optioned to O3 Mining. Brewster sums up the company thus: "We have a well-funded gold asset with blue sky, and we also have explosive potential in the exploration of our nickel rich VMS/ battery metals story with funding in hand for the foreseeable future."
CEO talk at Deep Dive Factoring in total cash and securities holdings of $6.8 million and no debt, Renforth’s enterprise value (EV) is about $8.0 million, equivalent to $29 per estimated ounce of gold resource. In contrast, QMX Gold’s takeout EV is around $110 million. Its principal asset is the Bonnefond gold property, which has an estimated 687,900 ounces of gold resource (combining indicated and inferred resources). The QMX Gold acquisition price therefore equates to $160 per ounce of gold resource, or 5.5 times Renforth’s figure. Investment Conclusion Eldorado’s friendly acquisition of QMX Gold could be a one-off transaction, but it could also suggest that large gold miners are evaluating other mining properties in the Abitibi Greenstone Belt. On that basis, Renforth Resources and Radisson Mining may be interesting speculations. The cash-rich, debt-free companies’ properties are located near a number of major mines. Also, both stocks trade at discounts to QMX Gold’s takeover price in terms of EV per estimated ounce of gold resource. Read more by visiting https://thedeepdive.ca/?s=renforth+resources
FYI Since Feb 1st 2021 RFR traded 43,267,000 shares and RFHRF traded 3,682,000 shares A lot of paper going to stronger hands
RFR is gold with its open pit parbec witth 15,000m of drill & 37 holes assays pending RFR is VMS rich polymetallic deposit currently drilling 3,500m + of strategic drilling The othe major discovery was at Malartic West ....all silver....
Renforth Resources Inc. is a Toronto-based gold exploration company with all of its gold bearing properties located in the Provinces of Quebec and Ontario, Canada. In Quebec, Renforth holds the Parbec property located on the Cadillac Break. Renforth also holds the Malartic West property, contiguous to the western boundary of the Canadian Malartic Mine property. In the portfolio, Renforth owns the Surimeau property in the Malartic Mining camp. The evolution of the Surimeau project into a high profile discovery prospect continues to gain traction as Renforth Resources Inc. (CA:RFR – $0.10 & US:RFHRF – $0.08 & GER:9RR – €0.05) steadily advances exploration work. Spanning 215 square kilometers, Surimeau is emerging as a potential game-changer for the Company. The encouraging aspect to this update is that a mineralized zone up to 250m in width has been encountered along the structural zone. Significant content of sulphide minerals continues to be observed in every drill core. Beyond the drill program underway, a further 4km of strike length to the west remains to be tested in future exploration activity just within the Victoria West target area. To the east of the current drilling work, roughly 12km of strike remains almost unexplored, terminating at the Colonie target. We already know there is mineralization at Colonie based on historical exploration data. A very large system appears to be in play. At Parbec the drilling continues to generate appealing gold values. Renforth has been able to report gold intervals within every hole of the drill program and discover a new gold zone. All of the data presented from the recent exploration work at Parbec so far has been positive. Wider intervals are being encountered regularly. These chunky gold-bearing zones contribute towards a greater tonnage of mineralization and build resource ounces for the overall deposit. Higher grade gold values continue to be reported in each batch of assay results. All of this contributes towards the outlook that a much larger pot of gold will be outlined at Parbec when the pending updated resource estimate is prepared. Conclusion Although Renforth’s stock price crossed 10 cents this week for the first time, its current market cap remains grossly undervalued given that it controls 100% of Surimeau and Parbec, along with other attractive properties in its portfolio. The upside potential remains exceptional. Smallcaps Recommendation: BUY. Source: https://smallcaps.us/renforth-resources-inc-rfr/
RFR 0.11 X 0.115¢ Market depth shows several offers at 0.12¢ for 1,546,000 shares Thanks to those sellers we can buy stock @ 0.115¢ Join us
CEO Nicole Brewster tells Proactive that its Surimeau district project in Quebec has increased in size by way of acquisition. Brewster says the project has been expanded to about 260 square kilometers, with the addition of 81 claims covering about 4,520 hectares. The project hosts the Huston Target, located to the west of the Surimeau Target area in the Pontiac, and south of IAMGOLD Corporation’s (NYSE:IAG) (TSE:IMG) (FRA:IAL) Westwood Mine.
ORIGINAL: Renforth Extends Parbec Gold Mineralization Down Dip 2021-04-29 08:01 ET - News Release PAR-20-116 additional assay value obtained of 1.71 g/t gold over 1.25m, this adds to intervals previously released for PAR-20-116 which included 49.6m of 1.46 g/t gold announced April 7, 2021. PAR-20-117 intersected 0.65m of 1.23 g/t gold, successfully undercutting surface gold results before the hole was lost at 30.5m length when it hit the ramp underground PAR-20-119 intersected 1.27 g/t gold over 2.8m in a gap within the geological model PAR-20-120 intersected 3.89 g/t gold over 1.75m in an overcut of PAR-10-05, which had, prior to this program, been the best gold interval at Parbec PAR-20-124 intersected 1.54 g/t gold over 3.45m, an undercut of PAR-18-78 which extends the mineralized zone 160m down dip PICKERING, ON / ACCESSWIRE / April 29, 2021 / Renforth Resources Inc. (CSE:RFR)(OTCQB:RFHRF)(FSE-9RR) ("Renforth" or the "Company") is pleased to update shareholders on drill results received for Renforth's 2020 drill program on the wholly owned Parbec open pit constrained gold deposit on the Cadillac Break, adjacent to the Canadian Malartic Mine. This press release gives highlights of assays received for PAR-20-116, PAR-20-117, PAR-20-119, PAR-20-120 and PAR-20-124, all drilled in the Fall 2020 program at Parbec where 9,644m were drilled in phase one of a drill program designed to support a new 2021 resource estimate for Parbec. The drill program finished at 15,569m of drilling completed with the assay results for a total of 37 drill holes in both phase one (Fall 2020) and phase two (Winter 2021) of the program still outstanding. The drill program was designed to fill in gaps within the existing deposit model, to test for the downdip extension of mineralized zones with undercut drillholes and to twin holes drilled between 1986 and 1993 in order to allow the assay results from those 62 holes to be used in the 2021 resource estimate for Parbec, anticipated to be complete in June/July 2021, however, the timeline is dependent on the receipt of assays. The five holes reported on in this press release continue Renforth's success in drilling at Parbec with, again, each hole drilled returning gold values of interest. Each of the results given below are accretive to the overall gold endowment of the Parbec deposit and are expected to positively impact a resource estimate calculation. Assay Highlight Table go to https://www.stockwatch.com/News/Item/Z-C!RFR-3070865/C/RFR 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
Renforth Resources – Abitibi Gold Explorer Building Open-Pit Ounces with Battery Metals Bonus 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. Complete report: https://eresearch.com/wp-content/uploads/2021/04/eR-Renforth-RFR-IR-2021-04-28_FINAL.pdf
Only a fews weeks away from Parbec 43-101 resources update Actual 43-101 resource 280,000 Au Oz + Historical resource up to 550,000 Au Oz to be added + New zone discovered outside the open pit New total ???? Expect news from Parbec and Surimeau drilling
