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Renforth Resources Inc. (CSE:RFR)(OTC PINK:RFHRF) has received assay results from drill holes PAR-20-100 and partial results from PAR-20-101 at its Parbec gold deposit. Highlights include PAR-20-101's top assay of 1.09 g/t Au over 13.2m, featuring 2.6m of 3 g/t Au. The ongoing drill program aims for 15,000m, with 6,498m drilled so far and a resource estimate update planned for Q2 2021. Renforth is validating historical data with infill drilling to strengthen the resource model, supporting potential growth in resource estimates.
Renforth Resources has expanded its Surimeau Property by staking 219 new claims, doubling its size to 215 km2. Drilling at the flagship Parbec Open Pit Gold Deposit is ongoing, with nearly 6000m drilled in 17 holes, but only partial assay data for 176m has been received. A new drilling program at Surimeau aims to explore the Victoria West polymetallic structure. Early prospecting at the Fouillac showing has identified potential gold and nickel targets. The company aims to complete 7000m of drilling at Parbec by Christmas.
Renforth Resources Inc. (CSE:RFR)(OTC PINK:RFHRF) has released partial assay results for drill hole PAR-20-100, reporting an interval of 22.5m at 1.21 g/t Au. Sub-intervals include notable grades of 12 g/t Au over 1m and 4.08 g/t Au over 0.95m. The results cover 176.3m of the 405.7m drilled, with a total of 3850m drilled in the current program. Renforth plans to drill approximately 7000m more before year-end and another 7000m in the following year. The assays were performed under supervision and sent to ALS Canada Ltd. for fire assay.
Renforth Resources Inc. has initiated field work at its Surimeau Project, focusing on the Victoria West section covering approximately 5km. This project integrates previously separate mineralized occurrences into a cohesive evaluation. Renforth aims to delineate drill targets based on historical and recent data. The company's AGM confirmed support for management and elected its Board of Directors. Renforth holds several mineralized properties in Quebec and Ontario, including the Parbec Property, with a currently open-pit constrained resource. Forward-looking statements indicate potential risks in exploration.
Renforth Resources Inc. has reported a successful drilling program at its Parbec gold deposit, having completed over 2160m across five drill holes. The latest drill holes are designed to infill and expand the existing gold resource. Notably, the company closed a private placement, raising $3,240,000 by issuing 24 million shares at $0.135 each, increasing its cash and securities to over $8 million. The ongoing drill program aims to conclude by Christmas 2020, enhancing the potential for future resource estimation.
Renforth Resources Inc. has identified a large-scale sulphide nickel and PGE system at its Surimeau Project in Ontario. The system extends approximately 20 km south and 30 km north, with surface thicknesses ranging from 0.5 to 1.5 km. A team of six experienced geologists will assess the project's mineralization, including historical drillhole values as high as 4.9% Zn and 0.3% Ni. Current fieldwork indicates significant deformation and metamorphism, with notable samples showing up to 0.49% nickel. This exploration indicates substantial potential for future nickel discovery.
Renforth Resources Inc. has announced the completion of over 1000m of drilling in its Fall 2020 program at Parbec, with the aim of expanding its gold resource. Three drill holes, PAR-20-100, PAR-20-101, and PAR-20-102, have been completed, targeting favorable lithologies associated with gold. The company has a strong financial position with over CAD $4.8 million available, ensuring funding for ongoing drilling and resource expansion. Results from this program, aimed at enhancing the Open Pit Constrained Resource Estimate of 104,500 ounces of gold, are expected shortly.
Renforth Resources has initiated a Fall 2020 drill program at its Parbec Gold Property, targeting an upgrade to its existing resource estimate of 104,500 oz Au and 177,300 oz Au inferred. The program consists of 26 drill holes totaling 7261m to explore new areas and enhance existing data. With approximately $1 million in funding, Renforth is also proceeding with a private placement, issuing 24 million shares at $0.135 each to raise $3.24 million. The completion of this funding is expected by the end of September 2020.