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https://motherlodetv.net/index.php/gold/ Renforth Resources: Gold plus Battery Metals in Quebec On August 24 Renforth (RFR.C) put out a news release detailing “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.” Nicole Brewster, Renforth’s CEO, is a very straightforward, no-nonsense person. Where other companies would be touting 9.5 meters of 4.66 gpt gold as a “game-changer”, Brewster called them “positive”. Understated is one way to describe the release. But that is how Brewster wants to present Renforth and the Parbec results. “There was not a lot of traction from retail,” said Brewster in a phone interview. “Right now the retail market is pretty dead. In time the value will be recognized.” Part of the value in the Parbec property is the gold values it contains, but another value element is where the property is actually located. Right on the property line of the Canadian Malartic gold mine, Canada’s largest open pit gold mine operated jointly by Agnico Eagle Mines Limited and Yamana Gold Inc. The Canadian Malartic mine has an estimated mine life extending to 2039. However, large gold mining companies are always on the lookout for additional gold resources to extend the life of their mine but also to improve grade and throughput for their processing facilities. A well-defined gold deposit right next door is obviously very attractive. Brewster’s strategy is to define that deposit. “So far we have not gone down very far,” said Brewster. “Our program had 3 goals for the drilling and we’ve had good results across the board. We successfully filled in some gaps in our model with new drill holes and, as we drill deeper we’ve been getting good results. We’ve also drilled twinning holes so that we can validate historic drill results and incorporate them into our model.” “This is the first larger scale deposit that I have ever done,” said Brewster. “Parbec has never been modelled structurally, we have been working on grade alone. Our success in this program leaves lots of targets and work to do at Parbec” Like a lot of mining CEOs, Brewster is frustrated at the COVID impacted pace at the assaying labs. “So far our holes have been delivering high metal values, but we still have 10 holes to be assayed. The lab is very slow and I expect we’ll get those results later in September.” Brewster is looking forward to the remaining assay results and additional modelling work. I suspect that geos at Agnico Eagle and Yamana are also eager to see the results. Making a bid for Parbec before the market realizes what Renforth actually has there would make a lot of sense to a major. Say thirty million now versus three hundred million when the property is completely derisked. However, it might also make a lot of sense to a mid-tier developer. Lots of potential suitors. Renforth is in the happy position of having cash in the bank (as well as marketable securities) as the result of the prior sale of the New Alger property to Radisson Resources back in 2020. While Brewster is eager to get results, Renforth does not face the cash pressure many junior explorers experience. Which means that Renforth can also advance its Surimeau District Battery Metals Prospect a little to the west of Parbec and adjacent to the Malartic West property. “Right now, we have perhaps 30% of the results from 15 drill holes in a 3,456m maiden drill program, completed in April 2021, drilling off 2.2kms of strike within the ~5km long Victoria West Target area,” said Brewster. “We want to evaluate all the data from the holes we drilled. But we also want to fly a detailed magnetic survey. We know there are sulphides in the magnetic anomaly,” said Brewster. “We’ll fly it tight with a purpose-built drone which will also be taking very detailed pictures as it flies.” “The drone is amazing,” said Brewster. “It has proprietary programming and it knows when its batteries are getting low. When that happens, it flies back to base, has its batteries hot swapped out, and then flies back to exactly where it left off. The operator brings lots and lots of batteries. The advantage of the drone over a helicopter is that the drone flies to exact headings at exactly the same altitude. Which means we get much cleaner data much faster, with less environmental impact.” Surimeau is interesting as it has, within the 260 km2 property, both a gold element and nickel, zinc and copper present, plus a few more minerals. Looking for the battery metals add another dimension to the property. A battery metals deposit with gold credits is a potentially more attractive property than a smallish gold deposit on its own. For Brewster it is not about the promotion, it is about the work. The market has not quite realized what Renforth has. The company is trading at $0.07-$0.085 for a market cap of around 18.3 million dollars. A good hole or two could double that overnight. Disclosure: I hold shares in Renforth bought in the open market and I may add to my position, or trade some of it, at any time.
Renforth Resources (CSE:RFR)(OTCQB: RFHRF) Finding Nickel & Copper in VMS Structure From cruxinvestors.com
Renforth Obtains Additional Gold Values at Parbec Gold Deposit Exploration Commences at Surimeau District Battery Metals Project 2021-09-15 08:30 ET - News Release TheNewswire - September 15, 2021 - Renforth Resources Inc. (C NSX: 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. Highlights for an additional four holes are presented below, including 9.95m of 1.75 g/t gold obtained in drill hole PAR-21-142 . 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 6 drill holes remaining to be received and released once complete. Parbec Assay Results Highlights *Assays presented above are as measured in the core box and no t true width In drill hole PAR-21-146 the mineralized intervals between 72.3-73.65m down the hole and 88.7-89.7m down the hole are considered unconstrained due to a lack of sampling. Surimeau District Battery Metals Project Update Renforth has received the permit required to commence the previously announced stripping program. While assays are still outstanding for the bulk of the 2021 drilling at Surimeau, Renforth will commence the chipping/stripping program in order to expose on surface a portion of the Victoria West mineralized system. It is anticipated that chipping will commence within a week and stripping shortly thereafter. Renforth will use compressed air to clean the newly exposed bedrock once stripping has been completed in order to not stress local water resources after what has been an unusually dry summer. Renforth is happy to say that stripping will be completed prior to the opening of the high-powered rifle hunting season, not unduly inconveniencing local hunters or putting field crew at risk. Our field crew will be able to map and sample the exposed system, as well as prospect ground which has likely not been prospected before with the completion of chipping and stripping. Victoria West Chipping/Stripping Location with Drill Holes The gap in the stripping area, indicated in solid yellow, is caused as there is already large-scale outcrop in this area which does not require stripping. 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
News Release highlights and key facts Parbec update 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 6 drill holes remaining to be received and released once complete. Renforth will proceed with a NI43-101 restatement once the 6 drill holes assays are received. Parbec Historical Au resource 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 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 Cumulative Potential 1,577,001 Au ounces @ Parbec open pit Surimeau District Battery Metals Project Update Major discovery at Victoria West Renforth Resources Inc has completed the four-hole drill program at the 5 km long nickel, copper and zinc mineralized Victoria West target on its wholly-owned Surimeau District battery metals project in Quebec, encountering visible nickel within a vein at a depth of about 139 meters. CEO says the occurrence is the highest concentration of visible nickel discovered in drilling at Victoria West, following the highest concentration of visible copper intersected to date seen in the first hole of the program. Renforth has received the permit required to commence the previously announced stripping program. While assays are still outstanding for the bulk of the 2021 drilling at Surimeau, Renforth will commence the chipping/stripping program in order to expose on surface a portion of the Victoria West mineralized system.
This is the CruxInvestors.com interview In brief Nicole is saying 6 holes left to be received from Parbec drill prigram She is currently sitting with several other companies near parbec She will moneytize Parbec after the updating the 43-101 her working cap still 4,000,000 cash and stocks (Radisson & 03 mining) Surimeau still have 3,500m of drilling core at the lab and also surface samples 2 main surface anomalies Victoria West 5km and Colony 1Km, this is huge 3 normal steps ahead, Drone IP, Trenching, then drill at depth My feeling is Q1 2022 will be the proof of her talent Maybe Agnico will tak to her about Surimeau if Surimeau is an elephant
Chipping has begun at Victoria West on our Surimeau BatteryMetals property in Malartic, Quebec for stripping to enlarge and extend this nickel, copper and zinc outcrop over and between drill holes https://renforthresources.com/portfolio_page/surimeau-large-polymetallic-system/
Smallcaps Recommendation: BUY. Price Target: $0.19 AGAIN MULTIPLE GOLD-BEARING INTERVALS CONFIRMED AT RENFORTH’S PARBEC GOLD PROPERTY September 18, 2021 Another series of assay results from the Parbec project was reported this week by Renforth Resources Inc. (CA:RFR – $0.07 & US:RFHRF – $0.05 & GER:9RR – €0.04). This news covered four drill holes completed earlier this year as part of the second phase of drilling work. The gold values reported for the program continue to demonstrate very encouraging mineralized intervals. Each successful drilling hole contributes towards the expansion of defined gold resources at Parbec. Noteworthy among this batch of assay results, one interval from PAR-21-142 of nearly 10m of drill core carried an average grade of 1.75g/t of gold. This section terminated at a depth of 128m down hole. It is well within the prospective open pit shell that has been modeled for the optimum extraction scenario. Within that interval, a more narrow section was enriched with 7.27g/t gold. Four separate bands of gold mineralization were encountered in this one drill hole. One other notable intercept spanning 24.55m of drill core was mineralized with 0.95 g/t gold. Multiple intervals of gold alteration were also encountered in the other three drill holes reported. These were encountered starting from just below surface down to more than 350m in the deepest interval from PAR-21-148. Also of note, the winning streak for Parbec exploration remains intact as all of the drill holes completed by Renforth so far have achieved at least one significant gold-bearing interval. There are now only six drill holes from Renforth’s latest drill campaign for which samples are still pending. New Chipping and Stripping Program at Surimeau Battery Metals Project Earlier this summer, Renforth opted to engage in a surface stripping program at the Victoria West target area of Surimeau. This program will allow geologists to assemble additional information on the structural setting of the deposit area. A small portion of the main structural trend has been exposed at outcrop. The effort to strip overburden further along strike will reveal a larger section of the near-surface mineralization. This in turn will enable a larger area of the deposit to be sampled and analyzed. Data generated from the program will be helpful to build a more complete geological model for the structural controls of the deposit at this early stage of exploration. Exposed mineralization in outcrop at Victoria West This week, Renforth reported that the permit has been granted to commence the fieldwork. Extraction of chip samples from outcrop sections will be underway within a week. Surface stripping further along strike is planned to begin shortly afterwards. In total, upwards of 9500 square meters of surface stripping is expected during the work. Chip sampling is planned to advance along more than 18,000 square meters of the target area. This work will include sections of the mineralized system that have not undergone prospecting previously. The Company will also be conducting these operations so there is minimal disruption to the local community. The program will involve using compressed air to clear debris from the bedrock exposed in the stripping program. This will minimize consumption of water resources during what has been an abnormally dry year for the district. In addition, work is expected to be completed prior to the opening of hunting season. Conclusion The assay results reported from drilling work at Parbec continue to confirm attractive gold values. The program was designed with multiple objectives, including step out drilling along strike and much deeper targets than previously considered. Infill drilling work was also a priority to build data in gap zones that could add a significant tonnage to the established resources of the deposit. Historical drilling work completed by previous operators of the property required confirmation drilling to include these sections into the resource estimate. Renforth has accomplished all of these objectives. The latest batch of assay results once again includes highlight intervals of continuous mineralization across wide sections of drill core. Each of the drill holes encountered multiple gold-bearing zones at various depths. Many of these sections build the magnitude of gold content within the deposit suitable for open pit extraction. This is even more attractive considering that the open pit resources of the adjacent Canadian Malartic Gold Mine are rapidly depleting. Parbec is becoming a more compelling acquisition target with every successful exploration update. Surimeau is also gaining prominence as a compelling exploration prospect. Copper-nickel-zinc mineralization has been reported in every drill hole so far. A near-surface deposit has already been outlined along more than 2.2km of strike and up to several hundred meters in width. The market is anticipating the receipt of assay results. Renforth has opted to launch a significant surface stripping and sampling program this month to build further data on the structural setting prior to advancing to the next phase of drilling. This is consistent with the approach to advance work efficiently and effectively with a disciplined strategy of field work that has served the Company to achieve notable discoveries. Renforth is already planning to follow up with further drilling work at Surimeau this winter. Smallcaps Recommendation: BUY. Smallcaps.us Advice: Buy Price Target: $0.19
C:RFR - Renforth Resources Inc. - http://www.renforthresources.com 13:39:04 EDT Sym-X .......Bid - ...........Ask................Last........Chg........Vol RFR - C 100.0X0.07..0.075X70.3........0.075...+0.005.....185.7
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
Sept 21 Barchart Technical Opinion STRONG SELL The Barchart Technical Opinion rating is a 72% Sell with a Average short term outlook on maintaining the current direction. See MoreShare
ORIGINAL: Renforth drills 21.85m of 3.06 g/t gold at wholly owned Parbec open pit gold deposit in Malartic, Quebec 2021-10-06 08:01 ET - News Release (via TheNewswire)
Renforth Resources Source: www.sedar.com as of June 30, 2021 Capitalization Issued & Outstanding: 261,953,670 Reserved for Issuance: 684,050 Share purchase warrants 46,714,841 Options Exercisable 16,350,000
