01:10:31 EDT Sat 12 Jul 2025
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Renforth Resources Inc (2)
Symbol RFR
Shares Issued 340,736,118
Close 2025-01-13 C$ 0.015
Market Cap C$ 5,111,042
Recent Sedar Documents

Renforth conducting Parbec NI 43-101 resource estimate

2025-01-13 17:27 ET - News Release

Ms. Nicole Brewster reports

RENFORTH RESOURCES INC. COMMENCES PARBEC GOLD DEPOSIT RESOURCE UPDATE

Renforth Resources Inc. today provided an update to shareholders on its Parbec gold deposit, currently undergoing a National Instrument 43-101 mineral resource estimate update incorporating a significant amount of new and positive drill data to the new deposit model.

"Our focus this quarter is on delivering a quality updated deposit model and gold resource estimate, which will anchor our efforts to drive Parbec towards cash flow, in order to generate internal capital to continue the growth of our nearby large-scale surface nickel sulphide polymetallic system. We thought this would mean a small open pit, however, new technology is available for 'surgical drilling.' If viable, this would achieve our goal with much less impact. The first step towards determining viability requires the updated geological model which will be created in conjunction with the resource update. Therefore, our technical team is engaged with SGS to build the best model we can," states Nicole Brewster, president and chief executive officer of Renforth.

Parbec Gold NI 43-101 update

The resource update work has begun with validation of the drill database. A site visit will be completed the week of Jan. 13, as required by the NI 43-101 guidelines, with confirmation sampling and an opportunity for the geoscientists to meet in person to discuss the Parbec gold deposit.

TOMRA testing

A selection of mineralized and non-mineralized drill core from the Parbec gold deposit has been shipped to Germany for initial testing using TOMRA's sorting technology and proprietary algorithms. The purpose of this exercise is to determine whether waste rock can be removed from any future processing stream at Parbec. If this is a viable method, it lowers impact and costs and improves grade. The results of this proof-of-concept test will be released once received.

End of year fieldwork results

Renforth advised shareholders that the company's field crew visited Beaupre at the end of November, 2024, but was unable to locate the source of the unusually high grade 0.37 gram per tonne Au soil sample due to significant snowfall. Shareholders will recall that Beaupre is a copper/silver occurrence stripped over approximately 180 metres by Renforth to expose the main vein. The outlying gold-in-soil results obtained last year were not anticipated and will be followed up on later this year.

At the Victora nickel sulphide polymetallic structure, Renforth confirmed that the geophysical signature immediately north of Victoria's centre contains mineralized ultramafic material similar to that within the Victoria structure itself. This discovery effectively expands the amount of mineralized material on the property, enhancing its potential. The finding also raises questions about the possible relationship between the Victoria structure in the lower portion of the property and the Lalonde structure, located approximately four kilometres to the north. In Renforth's geophysical survey, seen below, the approximately 20 km Victoria structure is clearly visible in the lower portion of the map. The newly identified ultramafic material is the roughly circular feature between Victoria and Lalonde. The survey was focused on Victoria and did not entirely cover either the new central feature or the Lalonde structure.

Final private placement

At the end of the year Renforth raised $20,500 on a flow through basis from existing shareholders by the sale of shares at two cents per share.

Option issuance

Renforth has issued options to officers, directors and consultants which total 13 million options exercisable at a price of five cents per option into one common share, for a period of five years from issue.

Francis Newton PGeo, OGQ, a qualified person pursuant to the requirements of NI 43-101, has reviewed and approved the technical contents of this press release.

We seek Safe Harbor.

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