Renforth Resources Inc C.RFR

RFR Small Cap rating ''''BUY''''''

[Yepnewpapy]

Smallcaps Investment Research      
 https://smallcaps.us/renforth-resources-inc-rfr/   

Renforth Resources Inc. is a Toronto-based gold exploration company with all of its gold bearing properties located in the Provinces of Quebec and Ontario, Canada. In Quebec, Renforth holds the Parbec property located on the Cadillac Break. Renforth also holds the Malartic West property, contiguous to the western boundary of the Canadian Malartic Mine property. In  the portfolio, Renforth owns the Surimeau property in the Malartic Mining camp.
 
The evolution of the Surimeau project into a high profile discovery prospect continues to gain traction as Renforth Resources Inc. (CA:RFR – $0.10 & US:RFHRF – $0.08 & GER:9RR – €0.05) steadily advances exploration work.
 
Spanning 215 square kilometers, Surimeau is emerging as a potential game-changer for the Company.
 
The encouraging aspect to this update is that a mineralized zone up to 250m in width has been encountered along the structural zone. Significant content of sulphide minerals continues to be observed in every drill core. Beyond the drill program underway, a further 4km of strike length to the west remains to be tested in future exploration activity just within the Victoria West target area. To the east of the current drilling work, roughly 12km of strike remains almost unexplored, terminating at the Colonie target. We already know there is mineralization at Colonie based on historical exploration data. A very large system appears to be in play.

At Parbec the drilling continues to generate appealing gold values. Renforth has been able to report gold intervals within every hole of the drill program and discover a new gold zone.
All of the data presented from the recent exploration work at Parbec so far has been positive. Wider intervals are being encountered regularly. These chunky gold-bearing zones contribute towards a greater tonnage of mineralization and build resource ounces for the overall deposit. Higher grade gold values continue to be reported in each batch of assay results. All of this contributes towards the outlook that a much larger pot of gold will be outlined at Parbec when the pending updated resource estimate is prepared.
 
Conclusion
Although Renforth’s stock price crossed 10 cents this week for the first time, its current market cap remains grossly undervalued given that it controls 100% of Surimeau and Parbec, along with other attractive properties in its portfolio.

The upside potential remains exceptional. Smallcaps Recommendation: BUY.