01:03:58 EDT Sat 12 Jul 2025
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Renforth Resources Inc (2)
Symbol RFR
Shares Issued 340,736,118
Close 2025-02-12 C$ 0.01
Market Cap C$ 3,407,361
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Renforth working on Parbec mineral resource estimate

2025-02-12 19:42 ET - News Release

Ms. Nicole Brewster reports

RENFORTH RESOURCES INC. PROVIDES SHAREHOLDER UPDATE

Renforth Resources Inc. has updated shareholders on current project activities for its wholly owned Parbec gold deposit beside the Canadian Malartic mine in Malartic, Que., and its nearby wholly owned approximately 300-square-kilometre Malartic metal package property, hosting several areas of critical mineral mineralization, including the approximately 20-kilometre-long Victoria nickel sulphide polymetallic structure.

Parbec gold deposit:

  • The update to Parbec's mineral resource estimate is continuing, with completion expected this quarter. The project database has been updated and validated to include approximately 15,000 metres of drilling conducted by Renforth after the December, 2019, effective date of the historic MRE, as well as around 13,000 metres of drilling from the 1980s and 1990s that were not included in the historic MRE but have been validated by Renforth with subsequent drilling.
  • Tomra testing will provide valuable data for Renforth's continuing investigation into the anomalous presence of copper and silver, as well as occurrences of zinc, molybdenum and tungsten, within the diorite/magnetic diorite at Parbec. Diorite is also the primary lithological host for gold at Parbec. To date, Renforth has limited information regarding the critical minerals within the diorite as multielement testing has only been conducted once on a small number of pulps and rejects. Preliminary thin-section analysis identified chalcopyrite in core samples. Tomra technology offers the potential to concentrate sulphides, thereby reducing waste and enhancing the grade of these elements.
  • Witness core was recently sampled from the Parbec core library for the MRE update. In conjunction with internal gold assaying, pulp material will be tested for multielements. Additionally, Renforth will test diorite/magnetic diorite core from the Parbec core library for critical minerals when seasonally appropriate.

Malartic metal package property:

  • Core samples from within the 2.5-kilometre drilled area of the approximately 20-kilometre-long Victoria structure have been submitted for Qemscan testing. This will provide Renforth with initial characterization information, including the elements forming the nickel, zinc and other mineralization. This is the first step in assessing the metallurgical characteristics of mineralization. Results will be released when received.
  • Renforth has completed a desktop study to assess the potential for rare earth elements within the Malartic metal package property. Despite limited previous exploration and assaying for rare earth elements, a high-priority target has been identified south of the Victoria structure, near the previously identified lithium anomaly A area and the contact zone between the Decelles batholith and Pontiac sediments. The area of interest contains an REE occurrence within granodiorite. Renforth plans to conduct follow-up exploration on both the newly identified REE anomaly and the lithium anomaly A area during the coming summer field season.

Shareholder events:

  • Renforth will host a webinar on March 5, 2025, at 7 p.m. Registration is free but required.
  • Visit Renforth at PDAC 2025, booth No. 2136. Meet management and the technical team. For a specific meeting time, e-mail nicole@renforthresources.com.

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

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