Read the story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Renforth Resources posts more drill results from Parbec; updates on Surimeau district property program

% of readers think this story is Fact. Add your two cents.

Renforth Resources Inc (CSE:RFR) (OTCPINK:RFHRF) (FRA:9RR) has posted more drill results from its Fall program at the flagship Parbec open pit gold deposit in Quebec and updated on the current 3,500 metres (m) drill program at its 215 square kilometres (sq km) Surimeau district property. 

Both projects sit adjacent to the Canadian Malartic Mine in Quebec – Canada’s largest gold mine. 

The Parbec 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 results come from two holes and a portion of a third. Highlights include 2.64 grams per ton (g/t) gold in a 1.15m length from 410.1m depth.

READ: Renforth Resources’ latest drill results from 2020 program at Parbec expected to positively impact resource estimate

Drilling at polymetallic Surimeau began in late March this year and Renforth has completed 13 holes at the Victoria West Target, a nickel-rich VMS target, which has been explored historically and by Renforth over a strike length of 5km within a 20km long magnetic anomaly.

This program has successfully drilled off 2.2km of this strike length, noted Renforth, and the mineralized anomaly is now proven to be up to 250m in width.

Two holes gave visual mineralization in multiple lithologies between them, the company added. 

Samples have been selected, split and delivered to the lab, with results awaited.

Also in the statement, Renforth said it had reached an agreement on April 6, 2021, with two related party creditors to settle debts of C$165,000 by issuing 2,062,500 Renforth shares at a deemed price of C$0.08 each.

CFO Advantage Inc, a company owned by Kyle Appleby, Renforth’s chief financial officer, participated by settling debt in the amount of C$55,000 in respect of which, it will receive 687,500 Renforth shares.

Meanwhile, Minroc Management Ltd, a company that Renforth CEO Nicole Brewster is associated with, took part by settling debt in the amount of C$110,000 in respect of which, it will receive 1,375,000 Renforth shares.

Renforth’s Parbec project has a 2020 resource estimate of 104,000 indicated ounces of gold at a grade of 1.78 g/t gold and 177,000 inferred ounces at 1.78 g/t gold. This 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.

Contact the author at [email protected]

Story by ProactiveInvestors


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.