Renforth Resources Inc (CSE:RFR) (OTCPINK:RFHRF) (FRA:9RR) posted more drill results from its 2020 Fall program at its flagship Parbec open pit gold deposit in Quebec, which have extended mineralization there.
All five holes reported on Thursday continue Renforth’s success at Parbec and all returned gold values of interest, the company said.
READ: Renforth Resources expands Surimeau district project in Quebec with acquisition of additional mineralized target
This is expected to positively impact the resource estimate expected to be completed this summer, depending on the receipt of assays.
Highlights included an intercept of 2.8 metres (m) in a gap within the geological model at a grade of 1.27 grams per ton (g/t) gold from a depth of 154.5m in one hole, and 3.89 g/t gold over 1.75m from 368.75m in another.
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 drill program finished at 15,569m of drilling completed with assays for a total of 37 drill holes in both phase one (Fall 2020) and phase two (Winter 2021) still outstanding, Renforth said.
In phase one, 9,644m were drilled.
Renforth’s wholly-owned Parbec open pit constrained gold deposit sits on the Cadillac Break, adjacent to the Canadian Malartic mine – Canada’s largest gold mine.
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Story by ProactiveInvestors
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