Renforth Resources OTCQB (RFHRF)

Discussion in 'Penny Stocks' started by Rickydi, Mar 8, 2021.

  1. Rickydi

    Rickydi Member

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    Canadian Malartic Mine is not interested in Renforth
    CMM is interested in Parbec a gold open pit near the Camflo Mill
    CMM need the ore to keep the mill running while the develop the odyssey project
    https://www.newswire.ca/news-releas...ey-mine-with-partners-approval-874044048.html investment of approximately $1.7 billion CAD over seven years.

    Camflo Mill, with a rated capacity of 1,200 short tons per day, is located in Malartic, Quebec. It is a Merrill-Crow conventional type mill with circuits for crushing, grinding, gold cyanidation and precipitation using zinc powder.

    Post recalculation of Parbec Au resources Nicole will be ready to talk business (Q2 2021)
     
  2. Rickydi

    Rickydi Member

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    We shall thank CIBC seller with an open order for 1,290,500 shares @ 0.12¢
    This genius give us the opportunity to buy cheaper stock at 0.10-0.105¢
     
  3. Rickydi

    Rickydi Member

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    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.

    Source: https://eresearch.com/wp-content/uploads/2021/04/eR-Renforth-RFR-IR-2021-04-28_FINAL.pdf
     
  4. Rickydi

    Rickydi Member

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  5. Rickydi

    Rickydi Member

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    Renforth is doing very well on CSE: RFR and OTCQB: RFHRF
    Barchart still rate the stock as a 100% BUY
    Don't forget next month RFR will proceed with an update of the 43-101 for Parbec
    The new numbers will include the open pit + the historical res. and the new zone discovery
    The new number could be as high as 800,000 ounces up from 280,000 ounces
     
  6. Rickydi

    Rickydi Member

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    Some RFR shareholders are expecting a major news tomorrow
     
  7. Rickydi

    Rickydi Member

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    RENFORTH INFILLS AND EXTENDS MINERALIZATION DOWN DIP AT PARBEC

    Renforth Resources Inc. is updating shareholders on drill results received for Renforth's 2020 resource expansion drill program on the wholly owned Parbec open-pit-constrained gold deposit on the Cadillac Break, adjacent to the Canadian Malartic mine.

    PAR-20-115 was an undercut of PAR-20-107, results include 1.65 g/t gold over 3.7m, continuing mineralization down dip.PAR-20-122 was testing for depth extension in the "Discovery Zone" area of Parbec's resource model, resulting in numerous mineralized intercepts, including 2.26 g/t gold over 1m.PAR-20-123 was drilled to test historic (1940s) reported mineralization, resulting in numerous mineralized intervals which include a highlight of 7.03 g/t gold over 0.5m at 76.4m down the hole.PAR-20-126 was an infill hole, drilled on a section with no other holes present and mineralization on each side. This hole successfully intersected mineralization with a highlight of 5.2 g/t gold over 0.45m.

    This press release gives highlights of assays received for PAR-20-115, PAR-20-122, PAR-20-123, and PAR-20-126, 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 33 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 (infill drilling), to test for the deeper extension of mineralized zones with undercut drillholes (downdip drilling) and redrill certain holes drilled between 1986 and 1993 (twinning) in order to validate the historical results and 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. The twinning of holes occurred in the 2021 phase of the program with the visible geological units encountered matching those recorded in the holes twinned. The timeline for the resource estimate is dependent on the receipt of assays. The four 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


    Hole ID Grid EastGrid NorthFrom (m)To (m )interval (m) Gold g/t

    PAR-20-1155200 265 184.5 189 4.5 1.03

    PAR-20-1155200 265 206.3 210 3.7 1.65

    PAR-20-1155200 265 216 219.8 3.8 0.58

    PAR-20-1155200 265 233.2 239.856.65 0.63

    PAR-20-1155200 265 243 244.5 1.5 0.519

    PAR-20-1155200 265 247.5 249 1.5 0.52

    PAR-20-1225675 160 47.5 50.5 3 0.53

    PAR-20-1225675 160 63 64 1 1.18

    PAR-20-1225675 160 67 68 1 2.26

    PAR-20-1225675 160 72.5 74 1.5 0.88

    PAR-20-1225675 160 100.5 102 1.5 1.06

    PAR-20-1225675 160 157.3 159.051.75 0.63

    PAR-20-1225675 160 237 239.052.05 0.63

    PAR-20-1225675 160 299.1 299.9 0.8 1.72

    PAR-20-1225675 160 314.5 316 1.5 1.09

    PAR-20-1235800 147 25 26 1 1.06

    PAR-20-1235800 147 36.5 37.5 1 2.35

    PAR-20-1235800 147 40.05 41.2 1.15 2.47

    PAR-20-1235800 147 74.5 76.9 2.4 1.8

    including 5800 147 76.4 76.9 0.5 7.03

    PAR-20-1235800 147 108.9 112.753.85 1.12

    PAR-20-1235800 147 257.5 260.252.75 0.67

    including 5800 147 257.5 259 1.5 0.95

    PAR-20-1235800 147 282 290 8 0.89

    including 5800 147 282 284.3 2.3 1.34

    PAR-20-1235800 147 287.65 288.250.6 3.79

    PAR-21-1265850 250 86.9 87.35 0.45 5.2

    PAR-21-1265850 250 95.3 96.5 1.2 1.28



    *assay intervals are as measured in the core box, not true width.

    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

    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 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
     
  8. Rickydi

    Rickydi Member

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  9. Rickydi

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    FULLY FUNDED and ASSET RICH
    A District Scale Battery Metals Prospect, backed by our Gold Deposit
    Parbec Open Pit Gold Deposit
    Ongoing 15,000m Drill Program at Parbec Fully Funded

    Located on Cadillac Break, Adjacent to Canadian Malartic Mine

    Planned Resource Restatement Q2 2021

    Our SURIMEAU DISTRICT Project is a WHOLLY-OWNED, ROYALTY FREE 215 sq. km property with 5 mineralized prospect areas Bearing Sulphide Nickel Rich VMS occurrences Adjacent to the Canadian Malartic Mine, South of the LaRonde Mine. Road accessible with hydro-electric power lines on the property
    Near the towns of Malartic and Cadillac Quebec

     
  10. Rickydi

    Rickydi Member

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    https://www.stockwatch.com/News/Item/Z-C!RFR-3079814/C/RFR

    Renforth drills 14.1 m of 2.15 g/t Au at Parbec

    2021-05-12 08:16 ET - News Release

    Ms. Nicole Brewster reports

    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.
    In a vertical section for 5150NW available on-line, PAR-21-130 is seen terminating in the pit wall, slightly longer than PAR-93-55, which is difficult to read as the symbol for the end of PAR-21-130 overprints the hole number for PAR-93-55. Through both of the hole labels the trace for the drill hole of PAR-87-16, drilled in essentially the same place, is also drawn with that hole ending at the outer edge of the pit wall. PAR-87-16 intersected 5.27 g/t gold over 4.88 m. The main mineralized interval in all three holes is occurring at a vertical depth of 75 m, the scale of this vertical section causes the intervals to overprint each other. Two drill holes, PAR-93-56 and PAR-93-61, which were collared to the north of PAR-93-55/PAR-21-130 and drilled shallower, also demonstrate the vertical continuation of the mineralized horizon. Results for PAR-20-128, a deeper undercut of all the drilling on this section, are still awaited.

    ASSAY HIGHLIGHT TABLE

    Drill hole From (m) To (m) Length (m) Gold (g/t)


    PAR-21-130 22.5 24 1.5 0.59
    PAR-21-130 26.7 27.45 0.75 2.55
    PAR-21-130 38.5 42 3.5 3.02
    PAR-21-130 49 50.5 1.5 2.86
    PAR-21-130 91.9 106 14.1 2.15
    incl. 91.9 100.5 8.6 3.05
    incl. 98.5 100.5 2 6.69

    * Assay intervals are as measured in the core box, not true width.

    Samples referred to in this press release were selected, split, bagged and tagged in the field and delivered to the facilities of AGAT Laboratories in Val d'Or, Que., 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 (over 10 g/t Au) values.

    Technical disclosure in this press release has been reviewed and approved by Francis R. Newton, PGeo (OGQ No. 2129), a qualified person pursuant to NI 43-101.

    About Renforth Resources Inc.

    Renforth holds the Parbec open-pit-constrained gold deposit in Malartic, Que., 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 15,569 m 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 volcanogenic massive sulphide, over about five km of strike in the western end of the 20 km central anomaly at Renforth's wholly owned 215 square km Surimeau property. This prospect was discovered on the 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, Ont., with gold present on the surface over a strike length of about 500 m. Renforth is well financed, with about $6-million in cash and securities on hand (as of March 15, 2021), in addition to the gold contained in its gold deposit.

    We seek Safe Harbor.
     
  11. Rickydi

    Rickydi Member

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    In a recent InvestorIntel interview, Peter Clausi spoke with Chris Thompson, President of eResearch Corp. about his 29-Page Initiation Equity Research Report on Renforth Resources Inc. (CSE: RFR | OTCQB: RFHRF | FSE: 9RR).
    In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Chris went on to say that Renforth has four gold and battery metal projects within the Abitibi Greenstone Belt with its main project, the Parbec Gold Project, adjacent to the Canadian Malartic mine, Canada’s largest operating open-pit gold mine, and a potential buyer. Renforth recently completed a Winter drill program at Parbec to build ounces and bring historical drill results into the resource calculations. With a history of building resources and selling projects, Chris said Renforth has a NI 43-101 near-surface resource of 282,800 gold ounces at the Parbec project which he expects to double in size with the updated resource, expected this quarter.

    About eResearch Corporation
    eResearch Corporation is a respected source for institutional-quality, equity research focused primarily on small- and mid-cap companies. The focus is on identifying companies that have interesting prospects, sound management, and significant potential for share price appreciation. The company complements its corporate research coverage with a diversified selection of informative, insightful, and thought-provoking research publications from a wide variety of investment professionals. The professional investment research and analysis is provided directly to the subscriber network of discerning investors, and electronically through its website, www.eresearch.com


    About Renforth Resources Inc.
    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.

    Disclaimer:
    This interview, which was produced by InvestorIntel Corp. (IIC) does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete. This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein. Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on www.Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company. If you have any questions surrounding the content of this interview, please email [email protected].
     
  12. Rickydi

    Rickydi Member

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    Finding Nickel & Copper in VMS Structure

    Interview with Nicole Brewster, President & CEO of Renforth Resources (CSE:RFR) From Cruxinvestors.com

    Renforth Resources, RFR on the CSE, holds an open pit gold deposit in Parbec and a district scale battery metals discovery in Surimeau, both located near Malartic, Quebec.

     
  13. Rickydi

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    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

    upload_2021-9-15_9-34-46.png

    *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

    upload_2021-9-15_9-35-15.png
    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
     

    Attached Files:

  14. Rickydi

    Rickydi Member

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    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.
     
  15. Rickydi

    Rickydi Member

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  16. Small time investor

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    Got paid today and just bought another 5000 shares at $0.6 each. Everything the CEO is saying indicates that Renforth is very undervalued.
    Looking forward to a great ride. Time will tell.
     
  17. Rickydi

    Rickydi Member

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    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
     
  18. Rickydi

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  19. Rickydi

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    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.

    upload_2021-9-18_11-0-25.png
    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


    upload_2021-9-18_11-1-6.png
    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.


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    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. Price Target: $0.19
     

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