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Bullboard - Stock Discussion Forum
Renforth Resources Inc
C.RFR
Alternate Symbol(s):
RFHRF
Renforth Resources Inc. (Renforth) is a Canada-based company that is engaged in the acquisition, exploration and development of mineral properties in Canada. The Company owns approximately 330 square kilometers (km2) of Surimeau District Property, which hosts numerous areas of polymetallic and gold mineralization, each with various levels of exploration, as well as a certain amount of...
unexplored ground. In addition to the Surimeau District battery metals property, Renforth wholly owns the Parbec Gold deposit, a surface gold deposit contiguous to the Canadian Malartic Mine property in Malartic, Quebec. Renforth also holds Nixon-Bartleman Property, which is located in West Timmins Mining Area, in the western part of the Porcupine Mining Camp. The Company owns Malartic West Property, which is located west of Renforth’s Parbec Property, contiguous to the Canadian Malartic Mine property. It also owns Bousquet property, which is located in the Quebec-Cadillac camp.
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CSE:RFR - Post Discussion
Renforth Resources Inc
> Drill results.....WOW
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Yepnewpapy
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Post by
Yepnewpapy
on May 06, 2021 9:14am
Drill results.....WOW
RENFORTH INFILLS AND EXTENDS MINERALIZATION DOWN DIP AT PARBEC
Renforth Resources Inc. is updating shareholders on drill results received for Renforth's 2020 resource expansion drill program on the wholly owned Parbec open-pit-constrained gold deposit on the Cadillac Break, adjacent to the Canadian Malartic mine.
PAR-20-115 was an undercut of PAR-20-107, results include 1.65 g/t gold over 3.7m, continuing mineralization down dip.PAR-20-122 was testing for depth extension in the "Discovery Zone" area of Parbec's resource model, resulting in numerous mineralized intercepts, including 2.26 g/t gold over 1m.PAR-20-123 was drilled to test historic (1940s) reported mineralization, resulting in numerous mineralized intervals which include a highlight of 7.03 g/t gold over 0.5m at 76.4m down the hole.PAR-20-126 was an infill hole, drilled on a section with no other holes present and mineralization on each side. This hole successfully intersected mineralization with a highlight of 5.2 g/t gold over 0.45m.
This press release gives highlights of assays received for PAR-20-115, PAR-20-122, PAR-20-123, and PAR-20-126, all drilled in the Fall 2020 program at Parbec where 9,644m were drilled in phase one of a drill program designed to support a new 2021 resource estimate for Parbec. The drill program finished at 15,569m of drilling completed with the assay results for a total of 33 drill holes in both phase one (Fall 2020) and phase two (Winter 2021) of the program still outstanding.
The drill program was designed to fill in gaps within the existing deposit model (infill drilling),
to test for the deeper extension of mineralized zones
with undercut drillholes (downdip drilling) and redrill certain holes drilled between 1986 and 1993 (twinning) in order to validate the historical results and allow the assay results from those 62 holes to be used in the 2021 resource estimate for Parbec, anticipated to be complete in June/July 2021. The twinning of holes occurred in the 2021 phase of the program with the visible geological units encountered matching those recorded in the holes twinned. The timeline for the resource estimate is dependent on the receipt of assays. The four holes reported on in this press release continue Renforth's success in drilling at Parbec with, again, each hole drilled returning gold values of interest. Each of the results given below are accretive to the overall gold endowment of the Parbec deposit and are expected to positively impact a resource estimate calculation.
Assay Highlight Table
Hole ID Grid EastGrid NorthFrom (m)To (m)interval (m)Gold g/t
PAR-20-1155200 265 184.5 189 4.5 1.03
PAR-20-1155200 265 206.3 210 3.7 1.65
PAR-20-1155200 265 216 219.8 3.8 0.58
PAR-20-1155200 265 233.2 239.856.65 0.63
PAR-20-1155200 265 243 244.5 1.5 0.519
PAR-20-1155200 265 247.5 249 1.5 0.52
PAR-20-1225675 160 47.5 50.5 3 0.53
PAR-20-1225675 160 63 64 1 1.18
PAR-20-1225675 160 67 68 1 2.26
PAR-20-1225675 160 72.5 74 1.5 0.88
PAR-20-1225675 160 100.5 102 1.5 1.06
PAR-20-1225675 160 157.3 159.051.75 0.63
PAR-20-1225675 160 237 239.052.05 0.63
PAR-20-1225675 160 299.1 299.9 0.8 1.72
PAR-20-1225675 160 314.5 316 1.5 1.09
PAR-20-1235800 147 25 26 1 1.06
PAR-20-1235800 147 36.5 37.5 1 2.35
PAR-20-1235800 147 40.05 41.2 1.15 2.47
PAR-20-1235800 147 74.5 76.9 2.4 1.8
including 5800 147 76.4 76.9 0.5 7.03
PAR-20-1235800 147 108.9 112.753.85 1.12
PAR-20-1235800 147 257.5 260.252.75 0.67
including 5800 147 257.5 259 1.5 0.95
PAR-20-1235800 147 282 290 8
3.79
PAR-21-1265850 250 86.9 87.35 0.45 5.2
PAR-21-1265850 250 95.3 96.5 1.2 1.28
*assay intervals are as measured in the core box, not true width.
Samples referred to in this press release were selected, split, bagged and tagged in the field and delivers to the facilities of AGAT Laboratories in Val d'Or Quebec where they were assayed for gold using "202-051 - Au by Fire Assay, AAS Finish" and "202-064 - Au by Fire Assay, Gravimetric Finish" for overlimit (>10 g/t Au) values.
Technical disclosure in this press release has been reviewed and approved by Francis R. Newton P.Geo (OGQ#2129), a "qualified person" pursuant to NI 43-101
About Renforth
Renforth holds the Parbec open pit constrained gold deposit in Malartic Quebec, contiguous to the Canadian Malartic mine, with a 2020 resource estimate of 104,000 indicated ounces of gold at a grade of 1.78 g/t Au and 177,000 inferred ounces of gold at a grade of 1.78 g/t Au. This resource 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. This program was planned to twin, infill and undercut existing drill holes at Parbec, to support a rebuild of the geological model and a resource estimate restatement. In addition to this Renforth has discovered a nickel bearing ultramafic, coincident with a copper/zinc VMS, over ~5km of strike in the western end of the 20km central anomaly at Renforth's wholly owned 215 km2 Surimeau property. This prospect was discovered on surface and the subject of a very short, shallow drill program, a more robust drill program is planned for Spring 2021. Renforth also holds the Malartic West property, the site of a copper/silver discovery, and Nixon-Bartleman, west of Timmins Ontario, with gold present on surface over a strike length of ~500m. Renforth is well funded, with ~$6 million in cash and securities on hand (*as at 03/15/21), in addition to the gold contained in our gold deposit
(21)
•••
SavyTrader
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Comment by
SavyTrader
on May 09, 2021 8:45pm
Way below standards.
(16)
•••
jdunlop
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Comment by
jdunlop
on May 10, 2021 1:19pm
Savytrader is apparently unsavy.
Thank You
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