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 drill program at the property, starting in April or May of 2021(already completed) 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 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.
GOLD KEEPS ON COMING FOR RENFORTH RESOURCES AND ITS PARBEC PROJECT May 8, 2021Leave a comment It seems that nary a week goes by without at least one significant news release issued by Renforth Resources Inc. (CA:RFR – $0.10 & US:RFHRF – $0.09 & GER:9RR – €0.06). The active winter drilling season at the Parbec and Surimeau projects has led to an enormous backlog of drill core samples submitted for assaying. Renforth is receiving data in small batches and reporting this information on a regular basis. This week the Company issued another update of drill core assays. Data for four complete drill hole samples was reported, including PAR-20-115, 122, 123 and 126. As has been the case in every previous update for Parbec, Renforth achieved meaningful gold values in all of the drill holes. The best result of this batch was a 3.7m section bearing an average of 1.65g/t gold in PAR-20-115. A similar interval of 3.85m was reported in PAR-20-123 with an average of 1.12 g/t gold. Another commonly observed attribute to the Parbec exploration, multiple mineralized intervals were again encountered in all four the drill holes. Higher grade gold mineralization was reported within more narrow sections, such as the interval of 0.45m that carried 5.2g/t gold in PAR-20-126. In a 0.5m section of PAR-20-123 a high grade of more than 7g/t gold was encountered. This was also notable as it was confirmation drilling for a result reported from the 1940s. In all, the assay results from these drill holes represent another step forward to confirm additional gold values that will contribute towards a much greater gold endowment defined at Parbec. When the final drill core assay is in hand the focus shifts to completing an updated resource estimate. Assay data for core samples from a total of 33 drill holes remains outstanding. Resource Estimate Expansion This latest batch of successful gold intercepts contributes to the definition of a more complete deposit. Areas of the property that were outside of the previously established gold deposit are being investigated. These included gap zones where the drill density was not sufficient to assume gold resource zones for the deposit and also historic drill holes where gold values were previously encountered but could not be included in the resource estimate until further confirmation was presented to validate these sections. Deeper gold zones below the previous limits of the deposit area have also been achieved. The thorough approach to exploration has delivered some exciting additions to the overall deposit. Even some of the more narrow bands of gold mineralization have been encountered in step out drilling. These zones now amount to a much more significant component for the total gold resources of the project. The confirmation of gold mineralization in newly discovered areas of the deposit also improves the prospective economics for the project. Sections that were formerly considered waste rock may now be upgraded to valuable resources. The discovery of unexpected gold mineralization encountered very close to surface at the top of some of the drill holes is also encouraging. A more complete database is now being assembled for the various types of gold settings that comprise the Parbec deposit. Like individual sections of a layer cake, the documented gold zones will count as slices of a much larger deposit. This can be represented in three dimensions and studied as part of an optimized mining plan. Those sections and layers that are situated within the conceptual open pit shell contribute more appealing economic clout for the project. And so each new interval reported is important for creating greater shareholder value. Conclusion Located adjacent to the largest open pit gold mine in Canada, the Parbec gold deposit is maturing into a highly appealing acquisition target for many of the mid-size and senior mining companies active in the district. The winter exploration program has already achieved some of the strategic objectives. New gold zones were reported, and wider mineralized intercepts along with higher grade sections have been presented. Successful confirmation of historic drilling work is also part of the plan for the recent exploration. Roughly 13,000m of previous drilling work was excluded from the last resource update. As further positive validation of these historic drill holes is achieved, Renforth will be able to add this large chunk of attractive data to the calculation of the overall gold deposit. A lot of attention will be focused on the pending update for the estimated gold resources of the project. With a significant number of drill core samples still untested, the potential for additional meaningful discovery surprises remains another positive factor. Parbec drill samples sitting in the yard at the lab means that there’s lots of data still to come. The speculative aspect for Renforth is further enhanced as the nearby Surimeau project is already generating some surprises on the exploration front. And the recently reported additional property holdings are another element to build the premium on this story. So even as shareholders look forward to additional assay results from Parbec, there is the promise of further exploration success awaiting at Surimeau. As one of the most ambitious junior exploration stories active in Canada, Renforth has a legitimate one-two punch in play with Parbec and Surimeau. The large backlog of outstanding drill core assays from both projects will provide continuous news flow in the weeks ahead. It appears that a hot summer indeed is shaping up for Renforth shareholders. Smallcaps Recommendation: BUY. Smallcaps.us Advice: Buy Price Target: $0.19
https://www.stockwatch.com/News/Item/Z-C!RFR-3079814/C/RFR RENFORTH INTERSECTS 14.1M OF 2.15 G/T GOLD, INCLUDING 2M OF 6.69 G/T GOLD Renforth Resources Inc. has updated shareholders on the results of PAR-21-130, the first hole from its 2021 drill program to be reported on, which was a successful twin of PAR-93-55, supporting the 1993 data. PAR-21-130 was a shallow 123-metre drill hole, entirely within the National Instrument 43-101 May, 2020, resource estimate open pit. In PAR-21-130 the interval of 14.1 m of 2.15 grams per tonne Au, which supports the historic 1993 result of 9.3 g/t gold over 4.3 m and extends the mineralization further, occurs at a vertical depth of approximately 75 m. PAR-21-130 successfully twinned PAR-93-55, the assay results of which were not used in the May, 2020, resource estimate for Parbec. PAR-21-130 intersected mineralization in addition to that recorded in PAR-93-55 due to the limited sampling undertaken in PAR-93-55. PAR-21-130 was an overcut of PAR-20-109, which intersected 12.85 m of 0.69 g/t gold, demonstrating vertical continuity of mineralization. RFR is aming at adding the historical resource of 550k Au Oz to the 43-101 by twinning holes 550K + 280K +new discovery + ?
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.
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.
I believe that Renforth will do well and the stock should go up a lot once the total estimated value is determined. That will happen in stages it looks like. First the gold properties and then the nickel. I e-mailed Nicole a few times and she has always been quick to respond, answering my questions as best she could without any misleading statements. I can sense her enthusiasm and appreciate that she gets her bonuses in stock instead of cash. Just bought more Renforth because of that.
Hi S.T.I...this may answer your comments 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.
The above only relates to Parbec gold and not the nickel area. She does not know when those results will come in. Like I said, stages. I am not buying stock solely because of short term gold valuation, but overall valuation.
Both parbec and Surimeau are assays pending All juniors are in the boat, waiting for results It's a good opportunity to buy RFR at a low price If you are familiar with the concept of twinning then some of the historical ressource will be added to the 43-101 on top of current 43-101 and the new discovery at Parbec Surimeau : District scale VMS discovery Malartic West a copper-silver discovery from surface Roll the dice
https://renforthresources.com/ Investor Relations Contact Nicole Brewster, President & CEO 1-416-818-1393 [email protected]
Became unhappy with Abcourt Mining as they don't communicate well and are listed as OTC PINK. So I sold all my shares and used the proceeds to buy more Renforth. While Parbec looks like it will probably raise their value (maybe a lot), I'm still interested in the Victoria area and it's nickel.
For info contact Nicole Brewster Directly as I'm no longer involved with RFR Good luck it was a pleasure to know you
My work was to repackage her communication with shareholders and investors to make it understandable. Now she's posting on facebook, twitter and linkedin I wish her good luck, she's a good person wearing too many hats
Lots to chew on today, in the PR and otherwise.... News out today - we are undertaking our first ever drill program at Malartic West, specifically at our copper silver discovery in the northern part of the property, close to the Cadillac Break, the Beaupré Shear. Stop. Right. There. That is exciting, and amazing - how cool is it that we have a copper/silver discovery in our back pocket we didn't get around to last year, and we can put a drill on it? It is hard to even find a drill right now. This is an initial program, under the showing and stepping out a bit on what we think is the strike. One program will not tell us the entire story for this property by any means, but it is a start. And a fresh new start is a good thing, we will create knowledge and hopefully value. The release is pretty dense, it gives you a recap of the Discovery work, the grab sampling and channel cutting by both SOQUEM and Renforth. Shows you there is copper and silver on surface, with grades that warrant a closer look. Well worth read, and linked below. Now - I got a surprise today, and it was a pleasant one. Rick from Ahead of the Herd wrote an article on the state of the nickel market and what he said is his favourite nickel play, Renforth, and the growing discovery we have at Surimeau with our nickel, copper, zinc and other minerals both on surface and in drill core, in our own and historic work, over 5kms. in one end of a 20km geophysical feature. The piece is linked below and I think if you want to get a good basic understanding of the environment for nickel, both the different types of nickel and the recent technological solutions to try and bridge the gap in class 1 nickel (and the environmental cost those come at) then it is well worth reading the article. Renforth is only mentioned at the end - we are still awaiting our Surimeau assays, to back up the visuals of nickel, copper and zinc sulphides in each hole we drilled over 2.2 kms. I personally think (yes, again, my opinion) that our Surimeau play is quite exciting - it has the potential to be huge and, with the grades we are seeing so far, contain a compelling amount of the main metals we are seeing, nickel, copper and zinc - and who knows what else. But the best part about this? Our asset is located in Quebec. We literally have hydro-electric power cables running across our vast road access property, in an established mining camp. We can be truly green. We could not have a better logistical/geopolitical setting. AND - we are in a Province focused on the identification and development of Critical and Strategic Metals. Our Federal Government is supporting similar efforts. Our big boy neighbour to the south has said they will not even try to mine, instead they will look to their neighbours for the supply they need....I see every reason why things could get very interesting. Surimeau is big - literally - and has the potential to also be big in terms of its mineral endowment. We will find out. Small Caps also has a write up linked below, discussion of recent Parbec results. Stay tuned there, we have pretty much all of the ~5600m drilled in 2021 still to report on. So, we are back at work in the field (yay!) and are waiting on Parbec and Surimeau....lots for you to read, I hope you have an excellent Wednesday and I look forward to writing my next note to you! Nicole Renforth Commences Maiden Drill Program on Abitibi Copper/Silver Discovery Renforth entame son premier programme de forage sur la découverte cuivre / argent en Abitibi The future of Canada's nickel supply is NOT Indonesia INFILL DRILLING DELIVERS HIGH GRADE GOLD INTERVAL AT RENFORTH’S PARBEC DEPOSIT
https://www.stockwatch.com/News/Item/Z-C!RFR-3093129/C/RFR RENFORTH COMMENCES MAIDEN DRILL PROGRAM ON ABITIBI COPPER/SILVER DISCOVERY Renforth Resources Inc. will begin a drill program at Malartic West, commencing immediately. Renforth's geologists will undertake a maiden 1,000-metre drill program targeting the about 160 m surface copper/silver discovery (the Beaupre shear) in the northern part of Renforth's Malartic West property. Prior results from work at Malartic West are available on-line, from both Soquem and Renforth. These results are contained with an approximate 160 m long deformation zone, associated with a ridge, which, at its narrowest has the appearance of a weakly chloritized shear zone which in places widens to an about m thick zone of silicification, brecciation and quartz flooding. On the margins of the quartz floods are emplaced very coarse, irregular clots of chalcopyrite as well as tight disseminations of fine pyrite. Within this initially explored strike there are three undocumented historic blast pits, with additional blast pits beyond the scope of exploration to date. No information is available regarding these. Renforth's Malartic West property hosts a surface copper/silver discovery adjacent to the Canadian Malartic mine property and approximately three kilometres south of the Cadillac Break in northwestern Quebec. This discovery, located in an area with no geophysical signature, was unknown prior to discovery by Soquem (a subsidiary on Investissement Quebec) in reconnaissance sampling on a ridge accessed via a logging road during a period when Soquem had an option on Renforth's Malartic West property, this option ceased in 2019. The discovery is traced on surface over about 160 m with grab samples ranging from low-grade copper and silver up to 8.08 per cent copper and 8.43 grams per tonne silver (Soquem 2018), and channel samples assaying up to 0.43 per cent copper and 1.43 g/t silver over 0.45 m (Renforth 2019). About Malartic West Renforth's wholly owned Malartic West property is located south of, and between, the towns of Malartic and Cadillac, Que., with road access from Highway 117, the northern route of the Trans-Canada Highway. Renforth's neighbours at Malartic West include the Canadian Malartic mine property to the east, Renforth's Surimeau property to the south and various Agnico-Eagle properties to the north, which are on the Cadillac-Larder Lake fault, a major transcrustal fault zone roughly marking the contact of the Pontiac and Abitibi geological subprovinces. The Cadillac Break is only approximately three km from the copper/silver discovery at Malartic West, located in the Pontiac sedimentary subprovince. This is notable as the Cadillac break is a major fault structure associated with numerous mines along its span, from Matachewan, Ont., to east of Val d'Or in Quebec. Malartic West's prospective setting within the poorly understood Pontiac subprovince is largely unexplored and unencumbered, with the exception of a small area previously prospected for gold in the southeast corner of the property.
Parbec Gold Deposit..............RFR hit high grade gold in Parbec open pit Renforth would like to inform shareholders of the receipt of partial assays for PAR-21-131, an 87m long hole which was successfully drilled as a twin of PAR-93-54. PAR-21-131 intersected 9.55m of 4.42 g/t gold, with a sub-interval of 3.9m grading 10.31 g/t gold, commencing at 48.45m down the hole, a vertical depth of approximately 40m, within the area of the Whittle open pit which accompanies the May 2020 Resource Estimate for Parbec. PAR-93-54 intersected 7.25m of 9.5 g/t gold between 50.66 and 57.91m down the hole, the PAR-21-131 interval lines up with the PAR-93-54 interval. Subsequent to the resource estimate there has been 15,569m of drilling completed at Parbec, including a certain number of twinned holes designed to validate the inclusion of assay data produced in ~13,000m of drilling which took place between 1986 and 1993 and was not included in the May 2020 Resource Estimate. Source : https://www.stockwatch.com/News/Item/Z-C!RFR-3096041/C/RFR
Ms. Nicole Brewster reports RENFORTH DRILLS 7M OF 7.11 G/T GOLD AT WHOLLY OWNED PARBEC GOLD DEPOSIT IN MALARTIC, QUEBEC Renforth Resources Inc. has provided shareholders with additional Parbec assay results. The associated table notes where new disclosure is added; previously reported assay values are included for context of each hole with the relevant press release date also given. Source : https://www.stockwatch.com/News/Item/Z-C!RFR-3093791/C/RFR
