Renforth Resources Delivers a 29% Increase to the Parbec Gold Deposit Resource Estimate, 12% of the 2025 MRE ounces are Measured within a Whittle Pit

Renforth Resources Delivers a 29% Increase to the Parbec Gold Deposit Resource Estimate, 12% of the 2025 MRE ounces are Measured within a Whittle Pit

Renforth Resources Inc. (CSE: RFR) (OTC: RFHRF) (FSE: 9RR)(“Renforth” or the “Company”), would like to update shareholders on the 2025 Mineral Resource Estimate (MRE) for the Parbec Gold deposit, which reflects a 29% increase to the overall gold ounces within the deposit, with 12% of the new resource ounces in the Measured category and within an open pit.

April 2025 Parbec Gold Deposit MRE


(1) Mineral Resources are reported at a cut-off grade of 0.27 g/t Au for the open-pit mining scenario and 1.40 g/t Au for the underground mining scenario
(2) The cut-off grades were determined at a gold price of 2,100 US$ per ounce.
(3) The mineral resources were estimated in compliance with Canadian Institute of Mining, Metallurgy and Petroleum standards. These mineral resources were reported in accordance with the NI 43-101 standards.
(4) Mineral resources do not constitute mineral reserves because they have not demonstrated economic viability.
(5) Inferred resources are exclusive of measured and indicated resources.
(6) The effective date of these mineral resources is April 4, 2025.
(7) Assumptions used are a mining recovery of 95%, a mining dilution of 5%, processing recovery of 95%, processing cost of 12.75 US$/t, general and administration of 1.50 US$/t, open-pit mining cost of 2.5 US$/t for ore, 2 US$/t for waste and underground mining cost of 66 US$/t.
(8) All resources are presented in-situ and undiluted.
(9) All $ values are in US$ unless specifically noted.
(10) All figures are rounded to reflect the relative accuracy of the estimate. Numbers may not add due to rounding.

"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, 12% of the new MRE is in the Measured category and 61% is in the Indicated category, 73% 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% 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 target gaps within the drill spacing and increase the confidence in the remaining inferred ounces, with more drilling. 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 4,300,000 tonnes of material" states Nicole Brewster, President and CEO of Renforth.

Resources were estimated using the following parameters:

Drillholes of 1986 and more recent were used to model and estimate this MRE. They account for 173 drillholes (46,144 m), and 28,404 samples assayed (31,483 m). Core is NQ-sized. The resource estimate was performed using inverse-distance squared (ID2). Block size is 4 x 2 x 5 m. The model was built in 3 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 7 to 45 meters depending on data density (average spacing of 28 meters). A total of 45 solids were modeled. Minimum intercept length in a drill hole is 2.5 meters, which approximately corresponds to 2 meters of horizontal thickness. Composites of around 2 meters were created without leaving remainders. Variable capping was applied on composites between 4 and 12 g/t Au creating a metal loss of around 5%. Rock density of 2.81 t/m3 was used based on available measurements, unchanged from the 2020 MRE. All underground MRE were put in the inferred category to reflect the current drill spacing and confidence level in continuity to support underground operations.

Further details regarding the 2025 mineral resource estimate, key assumptions, parameters and methods used to estimate the mineral resources of the Parbec Deposit will be available on SEDAR Plus (www.sedarplus.ca) under the Corporation’s issuer profile within 45 days in accordance with NI 43-101.

Yann Camus P.Eng. of SGS Canada Inc., is the independent qualified person responsible for the technical information about the resource estimate presented in this news release, as defined by NI 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 1.8km 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, but also 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 include 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. In addition 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 300m, 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, TOMRA can detect these. Renforth is evaluating the merit of retesting existing core for critical minerals.

Francis Newton P.Geo OGQ and independent qualified person pursuant to the guidelines in NI 43-101 has reviewed and approved the geological information contained in this press release.

Follow Renforth on Facebook, LinkedIn and Instagram!

No securities regulatory authority has approved or disapproved the contents of this news release.

Forward-Looking Statements

This news release contains forward-looking statements and information under applicable securities laws. All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as “may,” “will,” “plan,” “expect,” “believe,” “anticipate,” “estimate,” “intend” and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability of financing, as described in more detail in the Company’s securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided, and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.

Company Contact:

Renforth Resources Inc.

Nicole Brewster

President and Chief Executive Officer

416-818-1393

Nicole@RenforthResources.com

#Unit 1B – 955 Brock Road, Pickering ON L1W 2X9

Source

RFR:CNX
The Conversation (0)
Renforth's Newly Completed Airborne Mag and EM Survey Delineates Magnetic ~20km Victoria Structure with Co-Incident EM Anomalies

Renforth's Newly Completed Airborne Mag and EM Survey Delineates Magnetic ~20km Victoria Structure with Co-Incident EM Anomalies

(TheNewswire)

Renforth Resources Inc.

April 13, 2022 - TheNewswire - Renforth Resources Inc. (CSE:RFR) (CNSX:RFR.CN) (OTC:RFHRF) (FSE:9RR) ("Renforth" or the "Company") is pleased to inform shareholders that the 935-line km detailed airborne Mag and Electromagnetic survey over the ~20km between the Victoria West and Colonie battery minerals occurrences at Surimeau, also extended north to the LaLonde battery minerals occurrence at Surimeau, has been successfully completed. The magnetic survey clearly delineates the ~20km long Victoria structure with greater detail than what was previously available. The EM survey, a method chosen as it will measure the presence of sulphides to a depth of ~50m, resulted in EM anomalies throughout the length of the Victoria structure. In addition, LaLonde, approximately 3km to the north, also registered the magnetic structure with co-incident EM anomalies. The area surveyed at LaLonde covered the area, which was historically drilled, outlining the presence of battery minerals over a strike length of 2.2km. The survey has outlined a considerable amount of EM anomalies beyond the extent of any recent drilling or trenching.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Renforth Resources Inc. to Webcast Live at VirtualInvestorConferences.com March 31st

Renforth Resources Inc. to Webcast Live at VirtualInvestorConferences.com March 31st

Renforth Resources Inc. (OTCQB:RFHRF CSE:RFR), based in Toronto, Ontario, focused on nickel, today announced that Nicole Brewster, President & CEO, will present live at VirtualInvestorConferences.com on March 31 st 2022.

DATE: March 31 st , 2022
TIME: 11:30 am
LINK: https://bit.ly/3Cqx2B5

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Quebec Critical Metals and Technology Live Virtual Investor Conference March 30th and 31st

Quebec Critical Metals and Technology Live Virtual Investor Conference March 30th and 31st

Company Executives share vision and answer questions live at VirtualInvestorConferences.com

 Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Quebec Virtual Investor Conference on March 30 th and 31 st .   This virtual event will showcase live company presentations and interactive discussions focused on disruptive technologies and investing in Quebec's critical and strategic minerals and high-tech sectors.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Quebec Critical Metals and Technology Live Virtual Investor Conference March 30th and March 31st

Quebec Critical Metals and Technology Live Virtual Investor Conference March 30th and March 31st

Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Quebec Virtual Investor Conference on March 30 th and 31 st .  This virtual event will showcase live company presentations and interactive discussions focused on disruptive technologies and investing in Quebec's critical and strategic minerals and high-tech sectors.

Individual investors, institutional investors, advisors, and analysts are invited to attend.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Renforth Resources logo

Renforth Raises $1,376,260 To Fund Continued 2022 Exploration Of Battery Metals At Victoria West Within The Surimeau District Property And On The Parbec Gold Deposit

(TheNewswire)

Renforth Resources Inc.

December 21, 2021 - TheNewswire - Renforth Resources Inc. (CSE:RFR) (CNSX:RFR.CN) (OTC:RFHRF) (FSE-9RR) ("Renforth" or the "Company") is pleased to announce that it has completed a private placement financing (the "Offering") raising $1,376,260 through the issuance of 13,750,0000 of flow-through common units ("Flow-Through Units"), and 14,000 common units ("Units).

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Joe Cavatoni, gold bars.

Joe Cavatoni: Gold's Record Run No Surprise, Here's What's Driving Demand

Joe Cavatoni, senior market strategist, Americas, at the World Gold Council, discusses the organization's latest report on gold demand trends, highlight key data points from Q1.

He also shares his thoughts on gold's record-setting rise, saying fundamentals remain strong.

Keep reading...Show less

Barrick Announces Name Change to BARRICK MINING CORPORATION and Election of Directors

Barrick Mining Corporation (NYSE:GOLD 1 )(TSX:ABX) ("Barrick" or the "Company") today announced that it has completed its name change to Barrick Mining Corporation and « Société minière Barrick » in French, following receipt of shareholder approval at its Annual and Special Meeting of Shareholders held earlier today.

The Barrick common shares will commence trading under the Company's new name on the New York Stock Exchange and the Toronto Stock Exchange at the start of trading on May 9, 2025. In connection with the name change, the ticker symbol for the Barrick common shares listed on the New York Stock Exchange will be changed to ‘B ', effective as of the start of trading on May 9, 2025. The Barrick common shares will continue to trade under the ‘ABX' ticker symbol on the Toronto Stock Exchange. The new CUSIP number for the Barrick common shares effective at the start of trading on May 9, 2025 will be 06849F108.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Canadian Gold Corp Announces Strategic Investor Robert McEwen Exercises 3,571,450 Warrants Increasing Ownership to 32.9%"

Canadian Gold Corp Announces Strategic Investor Robert McEwen Exercises 3,571,450 Warrants Increasing Ownership to 32.9%"

Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") announces that Robert McEwen, the Company's largest shareholder, has exercised 3,571,450 share purchase warrants at $0.215 per share for proceeds totalling $767,861.75. Mr. McEwen now owns 32.9% of the Company's outstanding shares, in addition to McEwen Mining Inc., where Mr. McEwen is Chairman and CEO, owning 5.7% of the outstanding shares. In total, 4,608,884 share purchase warrants expiring in May 2025 have been exercised to date, for proceeds totalling $990,910.06. The Company now has 205,797,884 shares outstanding, and its treasury totals approximately $3.9 million, which includes the recent grant from the Manitoba Mineral Development Fund.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Brixton Metals Provides Exploration Plans for Gold and Copper Drill Targets for its Fully Funded 2025 Program at its Thorn Project

Brixton Metals Provides Exploration Plans for Gold and Copper Drill Targets for its Fully Funded 2025 Program at its Thorn Project

Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the " Company " or " Brixton ") is pleased to announce its 2025 exploration plans for its wholly owned Thorn Copper-Gold Project. The 2945 square kilometer project is located in Northwest British Columbia, Canada, approximately 90km northeast from Juneau, AK.

Highlights of Exploration Plan for 2025:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×