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.
while a lot of mining small cap trade a lot less Renforth still very active On CSE RFR traded 967K last friday and OTCQB RFHRF shows 124K volume It's becoming obvious that some investors are accumulating the stock waiting for an Au resource update at Parbec and results from Surimeau an elephant polymetallic VMS
RFR / RFHRF trades well 545k volume on the CSE stock is 0.085-0.09¢ Very light offers on the way up Stock is ready for a breakout
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 properties. Source : https://smallcaps.us/renforth-resources-inc-rfr/
The Canadian Malartic mine life is expected to last until 2026. That is five years from now. I don't know what the future holds for that mine, but it seems to be a reasonable thought that they might be interested in Renforth. But we don't know that for sure. They might be looking to sell the mining equipment and retire. They might wait for another buyer to buy both at the same time. They also have a bunch of other properties they are developing. Regardless, Renforth has a high probability of increasing their worth based on the visual of recent drillings and of course, the excitement in the CEO's messages.
I find it interesting to watch the sellers vs the buyers. At the moment, in the US, Rendford stock has about I offer to sell for every 4 to buy. The selling offers are also somewhat higher with no volume yet today. 4-19-21 11:15 A.M.
Looking better all the time. Latest release 4/20/21 Surimeau Drilling is DONE!!!! We have to wait now for assays, but as you can read in the attached press release (in English and French) out today, the visuals from the 15 holes have us pretty happy. Today's PR was a bit more technical than recent ones have been, what it really boils down to, in my non-technical way of expressing it, is that the magnetic anomaly, which we have drilled off 2.2 kms of at our Victoria West Target - is showing us the location of the battery metals package, the metals and the mag are correlating. Why is that interesting? Well - we drilled 2.2kms of a target (Victoria West) we know to have a strike length of ~5kms, when you consider the historic surface work and drilling, and our prior surface work. That target is located within a geophysical anomaly that is approximately 20kms long, in terms of strike. Within our 2.2 kms of drilling we were in proximity to historic work, and our visual results confirm that there is mineralization present. So, therefore, without putting any emphasis on any particular result, or quoting it, we can assume that if 'they" recorded mineralization in various programs we will accept that as a fact. That is important. We still will do our work, which we can publish, but we feel that our work, in echoing historic results, de-risks our exploration at Victoria West. Also important...in future drilling we will work out from the 2.2kms we completed - we have ~4kms to go west, and ~12kms to go east, on the same anomaly. And we cannot ignore the presence of our Colonie target at the eastern end of the anomaly. Which we have visited and obtained surface nickel numbers in grab sampling. We have lots of ground to cover in this anomaly and drilling to come! Renforth Drilling Confirms Battery Metals Mineralization at Victoria West Correlates with Magnetic Anomaly Les forages de Renforth confirment que la minéralisation de Victoria Ouest contenant des métaux utiles pour les batteries est en corrélation avec une anomalie magnétique Here is the geological heart of the press release, quoted below. Below that are some pictures of the mineralization talked about in the last line. 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. I think that is a pretty clear summary, a bit dense maybe but clear. Do not forget what the sulphides are, in terms of metals - pentlandite=nickel, sphalerite=zinc and chalcopyrite=copper We now wait with bated breath for assays, and we are still waiting for Parbec assays. In fact we did more sampling of Parbec core in order to constrain some results we have already announced. We will need those results back before the resource recalculation. Have a lovely day - Nicole Pyrrhotite replacement of primary pyrite nodules in graphitic mudstone Remobilized chalcopyrite in discordant veinlets
Most assays from the drilling program at Parbec in 2020- 2021 are not out yet Just the same thing for Surimeau very soon it will Then BOOM stock going to the moon Remeber the historical resource at Parbec 500,000 ounces of Gold with the twinning most of it will be included in the incoming updated 43-101 500K + 280K + new ounces = 800,000ounces + These are the ounces Canadian Malartic Mines will buy from RFR
"These are the ounces Canadian Malartic Mines will buy from RFR". You cant say for sure if Canadian Malartic will buy them or not. While a big mining company, they have a bunch of other properties in the area they are exploring. They don't need the Renford property. Not for at least ten years.
FYI Canadian Malartic MIne is the largest open pit in Canada from the ore to the mill the distance is a negative to profitability. This is why Canadian Malartic is developping an underground project called ODYSSEY https://canadianmalartic.com/wp-content/uploads/newsrelease_cmm-odysseyproject_11-02-2021.pdf Starting of the project is 2028 ? To keep the mill running CMM needs to buy ore The nearest mine is PARBEC only a few km form the mill Draw your own conclusion but this is coming CMM needs to buy ore RFR needs $ to fully develop Surimeau
Visiting barchart.com this AM RFR still rated a strong buy Looking at the trading there is a resistance at 0.12¢ When it will close above 0.12 then next level is 0.25¢
https://www.thecse.com/en/listings/mining/renforth-resources-inc Look at Depth display by price Mkt is 0.105 X0.11 0.115 & 0.12 ¢ a lot of offers Be smart join the bis at 0.105¢ Sellers will come to you No need to chase the sellers
News » Renforth Resources CEO Explains What Outstanding Drill Results Really Mean Ms. Nicole Brewster, the President and CEO of Renforth Resources first delivers plenty of valuable information about Renforth’s Parbec property. She explains that although only a few assay results have been received back from its 15,569 meter drill program, initial results look quite promising. It is very realistic that in the next resource update for Parbec, expected in June or July, the open pit resource area will be wider and deeper. Moreover, 62 historic drill holes, which were drilled in the 1980s and the 1990s may also be added to the resource calculation, as they were successfully twinned in this drill campaign. Ms. Brewster also divulges that after the resource update is published, the Company could very well be faced with the opportunity to sell Parbec as the Canadian Malartic Mine, Canada’s largest open pit gold mine, is located right next to Parbec. Next, the interview digs deeper into Surimeau. Ms. Brewster first explains how and why the property was significantly expanded last year to about 215 square kilometers. She then shares how the results from a very small drill program at Surimeau were enough to convince Dr. James Franklin, a world-renowned expert in the identification and exploration of VMS deposits, to come on board as a principal technical advisor for Surimeau. The CEO also shares her interesting views on today’s commodities markets and why we are at the beginning of a commodity supercycle. Video interview access by using this link https://smallcaps.us/renforth-resources-ceo-explains-what-outstanding-drill-results-really-mean/
Malartic properties review Parbec open pit on the Cadillac Break 4-5km from the camflo mill owned by Canadian Malartic Mine Au recalculation could reach 800K au ounces 35 dill holes are still assay pending Surimeau VMS District scale discovery 12km Copper and Nickel anomalies visible from surface 3,456m driling programl completed recently Malartic West Big silver anomaly requiring more exploration work
https://www.accesswire.com/642732/R...-Acquisition-of-Additional-Mineralized-Target ORIGINAL: Renforth Expands Surimeau District Project with Acquisition of Additional Mineralized Target 2021-04-28 08:01 ET - News Release PICKERING, ON / ACCESSWIRE / April 28, 2021 / Renforth Resources Inc. (CSE:RFR)(OTCQB:RFHRF)(FSE:9RR) ("Renforth" or the "Company") is pleased to inform shareholders that our Surimeau District Project has increased in size, to approximately 260 km2, with the addition of 81 claims, covering approximately 4,520 hectares and hosting the Huston Target, located to the west of our Surimeau Target area, in the Pontiac and south of Iamgold's Westwood Mine. The newly acquired area hosts the Huston Target, documented in the early 1980's as a privately held property which was subsequently acquired and drilled by Hecla Mining, results of drilling by Hecla accessible via SIGEOM document the presence of copper and gold above background levels. In addition to this the vendors of the property carried out a small surface grab sample program targeting their interpretation that the property hosts a deep seated splay of the Cadillac Break, as seen in their inversion of geophysical data. Their field findings included copper and nickel above background levels in grab samples taken from areas of alteration accessible by road and due to logging operations. Renforth acquired these claims from an unrelated party in November of 2020 via the issuance of 4 million shares of Renforth and is now in the process of registering these claims to Renforth's name. The acquisition of the Huston Target area was a strategic one, occurring as Renforth finished consolidating the Surimeau District Project, which encompasses 5 target areas for base metals (historically documented) and 2 target areas for precious metals (historically identified), bringing one of the last historically documented targets into the Surimeau District Project to make 6 target areas for base metals. "Renforth has assembled a very large and underexplored land package with known historical showings in both base and precious metals, with road access in mature mining camps. This property is located within one of the best mining friendly jurisdictions in the world. Our initial drilling on this property, focused on our Victoria West target area, delivering visual nickel, copper and zinc sulphide mineralization in each of 15 holes drilled over only 2.2kms of strike within a 20km geophysical anomaly, assays are awaited. I am quite looking forward to exploring our brownfield nickel rich VMS discovery further" states Nicole Brewster, President and CEO of Renforth. Brian H. Newton is a "qualified person" pursuant to NI 43-101, have reviewed and approved the technical disclosure in this press release.
Portfolio summary 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.
While we probably won't hear about it until its a done deal, I haven't heard where the Canadian Malartic mine is interested in Renforth. Maybe they are talking, maybe not. They don't need Renforth to keep running as they have other properties in the area. Sure buying Renforths Parbec might seem to make sense to us, but you would think they would buy it now before the drill results drive the price up.
