Ms. Nicole Brewster reports
RENFORTH FILES 43-101 REPORT DELIVERING A 29% INCREASE TO THE PARBEC GOLD DEPOSIT RESOURCE ESTIMATE, 73% OF THE 2025 MRE OUNCES ARE MEASURED AND INDICATED WITHIN A WHITTLE PIT
Renforth Resources Inc.
is informing shareholders that the report titled "Technical Report on the
Mineral Resource Estimate Update for the
Parbec Gold Deposit,
Abitibi-Temiscamingue Region,
Quebec, Canada,"
written by Yann Camus, PEng, of SGS Canada Inc. -- geological services -- has been filed under Renforth's profile on SEDAR+.
This report delivers the 2025 mineral resource estimate update for the Parbec gold deposit, which reflects a 29-per-cent increase to the overall gold ounces within the deposit.
"We are very happy to deliver this significant size increase to our open-pit gold deposit next door to Agnico Eagle's Canadian Malartic mine. In addition to the increase, it is important to acknowledge the category of those ounces: Twelve per cent of the new MRE is in the measured category and 61 per cent is in the indicated category; 73 per cent of the deposit is contained within the resource categories that deliver the most confidence, demonstrating not only Parbec's growth, but also growing maturity, as a reliable gold deposit with a fantastic location and logistical advantage. In addition, with this MRE, 87 per cent of the gold ounces within the resource estimate are contained within the accompanying open pit. With this growth, Parbec also presents us with new drill targets within the deposit to fill gaps in the drill spacing to increase confidence in the remaining inferred ounces. That potential is in addition to the 24,200 ounces of gold within the modelled mineralized envelopes in the open pit, which are below the cut-off grade used, contained in 4.3 million tonnes of material," stated Nicole Brewster, president and chief executive officer of Renforth.
Resources were estimated using the following limits.
Drill holes of 1986 and more recent were used to model and estimate this MRE. They account for 173 drill holes (46,144 metres) and 28,404 samples assayed (31,483 m). Core is NQ sized. The resource estimate was performed using inverse-distance squared. Block size is four by two by five m. The model was built in three dimensions directly using the planar envelopes technology with the SGS Genesis software. Volumes were validated and adjusted using 42 cross-sections with a variable spacing of seven to 45 metres depending on data density (average spacing of 28 metres). A total of 45 solids were modelled. Minimum intercept length in a drill hole is 2.5 metres, which approximately corresponds to two metres of horizontal thickness. Composites of around two metres were created without leaving remainders. Variable capping was applied on composites between four and 12 grams per tonne gold creating a metal loss of around 5 per cent. Rock density of 2.81 tonnes per cubic metre was used based on available measurements, unchanged from the 2020 MRE. All underground MRE was put in the inferred category to reflect the current drill spacing and confidence level in continuity to support underground operations.
Yann Camus, PEng, of SGS Canada, is the independent qualified person responsible for the technical information about the resource estimate presented in this news release, as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, including the verification of released data.
About the Parbec gold deposit
Renforth's wholly owned Parbec gold deposit sits on approximately 1.6 kilometres of strike of the Cadillac break, arguably one of Canada's deepest and most productive gold structures. Renforth's geological modelling has demonstrated that Parbec contains gold mineralization within the break and crossing cutting the break into the unexplored Pontiac sediments on the south side of the break. The occurrence of gold in the Pontiac sediments in the area has only recently been recognized. This includes the extension of the Sladen fault, which the neighbouring Canadian Malartic pit was built around, extending into the sediments, and the Barnat and East Malartic discoveries within the Canadian Malartic pit on the eastern side. Similarly, the Discovery vein discovery made by Renforth on the formerly held New Alger project was located within the sediments, just south of the break.
Mineralization at Parbec, which starts on surface and is almost entirely enclosed within a Whittle pit, is open on strike in both directions and at depth. The pit does not extend below a depth of 300 m on a very deep structure.
Renforth considers Parbec to be a small-scale replica of the Canadian Malartic mine property next door. The modelling of the 2025 MRE has presented numerous targets to resolve gaps within the modelled mineralization and to extend the modelled mineralization with successful new drilling.
Renforth will present a new exploration program for Parbec in due course. Recently received TOMRA phase 1 test results indicate that mineralized material from Parbec can be sorted on the basis of the sulphides, which gold at Parbec is largely associated with; however, initial assay testing has also determined that there are base metal sulphides present in the core and untested, which TOMRA is able to detect. Renforth is evaluating the merit of retesting existing core for critical minerals.
Francis Newton, PGeo, OGQ, independent qualified person pursuant to the guidelines in National Instrument 43-101, has reviewed and approved the geological information contained in this press release.
We seek Safe Harbor.
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