https://www.stockwatch.com/News/Item/Z-C!RFR-3534372/C/RFR New Geological Interpretation Establishes Gold Exploration Target Area in Pontiac Sediments at Renforth's Parbec Gold Deposit 2024-04-09 07:01 ET - News Release New geological model and interpretation of the Parbec Gold deposit has identified mineralized structures crosscutting the lithologies, resulting in a stacking of individual gold zones at or near surface and continuing at depth into the Pontiac sediments with a clear southward dip underneath the Pontiac sedimentary/Cadillac Break contact South dipping extensions of known mineralized zones have been identified along the Pontiac contact, including tying in much deeper mineralized intercepts from 2007/2008 drilling Modelling has identified locations where the mineralization is sub-cropping (only 1-5m overburden) south of a 50m buffer zone for the rail line. These are potential sites for stripping, sampling and bulk sampling. Renforth Resources Inc. (CSE – RFR) (OTCQB– RFHRF) (FSE-9RR) (“Renforth” or the “Company”) wishes to inform shareholders that our updated interpretation of our Parbec Gold deposit proves the presence of gold mineralization in structures oriented oblique to the Cadillac Break and extending into the Pontiac sediments. Interpreted conclusions include instances where surface mineralization within the Cadillac Break forms a continuous zone with gold mineralization within the Pontiac sediments to the south, crossing the lithologies. This is a new exploration target concept at Parbec with bulk tonnage potential. These interpreted oblique structures carry gold mineralization to the south of the Break, within the Pontiac sediments and have been intersected in several locations at Parbec. Similar to our Malartic Metals Package property, there is almost a complete lack of exploration in the Pontiac sediments, whereas we can now demonstrate that the entire area has significant exploration potential, validated by our new geological model and the success of our contiguous neighbour, the Canadian Malartic Mine, operating quite successfully in the Pontiac sediments. While there have been >40,000m drilled at Parbec there are still many areas to be drilled, the Pontiac has not been the focus of any exploration or drilling at Parbec. The new interpretation does not yet cover the entirety of the Cadillac Break's ~1.8km of strike on the property, or the deepest pierce points on the property (>700m depth). Additional drilling, guided by this new interpretation, is justified, in the Cadillac Break, the Pontiac sediments and the Piché volcanics to the north, each of which host gold mineralization and untested strike. New Geological Model Detail The modelling exercise resulted in a re-orientation of the project base line and uses horizontal plans as the base plan for interpretation purposes. Mineralized lenses interpreted on each level were assembled using sets of sections cut at varying orientations. Mineralized structures oriented obliquely to the Break have been identified with trends ranging from north to north-east and east - west. These newly identified mineralized structures are only partially drilled and are open to the north-east and south-west on the Parbec property. The prior Parbec modelling approach used vertical sections oriented perpendicular to the Cadillac Break. Mineralization was difficult to model and resulted in an interrupted continuity of mineralization and abrupt shifts in grades and widths as the zones were thought to be constrained by lithological units. The new model illustrates cross-cutting mineralized structures to the Cadillac break and lithologies which were not clearly identified in previous interpretations. Simply stated, a slight change in how the drill data is studied has identified new areas with previously unrecognized exploration potential. To date, the new modelling interpretation has identified four target areas along a strike length of about 800 meters for follow-up exploration work. This early-stage work shows that each target area demonstrates continuity of mineralization. from surface down to a depth of about 150 meters along a horizontal distance of approximately 200 meters. Mineralization thickness varies from a few meters to 20 metres or more at the center of lenses. The model is limited by drilling density at depth, as such the targets are open along strike and below a depth of 150 meters. Follow up exploration will be planned with drill holes oriented at differing azimuths to test the continuity for the newly interpreted mineralized zones trending in northerly, East-West and North-East – South-West directions. Drill section showing southward dip of the Pontiac sediments and interpreted plunge of gold mineralization. This new modelling ties in deeper mineralization intercepts from 2007/2008 drilling (PAR-07-01). Pontiac Sediments Mineralization and Down Dip Mineralization Remodelling of the Pontiac sedimentary contact has identified significant structural complexity, particularly in the north-western half of the Parbec deposit. An area previously referred to as the “diorite splay” is in fact an opening (embayment) of the Pontiac contact, trapping a large mass of diorite, known to be gold bearing with only limited surface prospecting/trenching and drilling. Modelling in the area illustrates an approximate -50° south / southwesterly dip to the mineralized zones, as noted in the last drill program, supporting the interpretation. Current modelling efforts are defining exploration target areas for mineralized zone expansion to the south under the Pontiac contact within embedded felsic intrusions. Previously, mineralization in several deeper holes was difficult to correlate, the new geological model reconciles these deeper holes and offers infill drilling targets. Bulk Tonnage Target Surface expression of the mineralization indicates that the horizontal thickness varies from a few meters to approximately 20 metres. Many new targets are becoming apparent with the new modeling, along different mineralized trends covered by a maximum of 5 meters of overburden. The Company is working to define a surface mineralized footprint amenable to a small-scale open pit outside the CN railway footprint. To date, two areas have been identified in the northwestern part of the property that are amenable to stripping and sampling followed by bulk sampling if warranted. Parbec Surface Water Testing Renforth will commence baseline testing of surface water contained in two holding ponds north of the decline adit and subsurface water within the decline from two wells which access the decline. This is done to collect the environmental baseline data required to permit the dewatering of the decline which terminates within the Cadillac Break at ~100m vertical depth. An unplanned work stoppage occurred in the 1980’s before completion, leaving the end of the decline approximately 40m from the northern contact of the Cadillac Break and the Piché volcanics. This also resulted in no mapping or sampling of the mineralization the decline intersects, including the Pontiac sediments, the Felsite Zone or the Cadillac Break itself. Renforth is working towards dewatering, mapping, and sampling the decline, a process which starts with the collection of required background information to support permit application.
https://renforthresources.com/new-geological-interpretation-establishes-gold-exploration-target-area-in-pontiac-sediments-at-renforths-parbec-gold-deposit/ New geological model and interpretation of the Parbec Gold deposit has identified mineralized structures crosscutting the lithologies, resulting in a stacking of individual gold zones at or near surface and continuing at depth into the Pontiac sediments with a clear southward dip underneath the Pontiac sedimentary/Cadillac Break contact This + the twinning of the historical zone ( 700K Au Oz) + an updated NI 43-101 + a bulk sampling + milling facilities close to Parbec + open pit potential + gold price going to the roof= ingredients for a major succèss
2018 43-101 report indicate Inferred 656,855 Oz Au + Indicated 37,224 Oz Au = 694,099 Oz Au Upside from twinning historical zone (700,000 Oz Au) 3d model latest and future drilling 694,099 X 2,300$ = 1,596,427,700 / 340,736,118 = 4.68$ value in the ground per share Crrent market 0.015¢ vs 4.68$
https://www.tradingview.com/symbols/CSE-RFR/technicals/ CSE : RFR 0.015CAD 1day & 1 week Rating Momentum (10) Buy MACD Level (12, 26) Buy Ultimate Oscillator (7, 14, 28) Buy
Investor update : Parbec value 0.15¢ per RFR share · Right now RFR is looking to update our Property model based on the new interpretation completed by our NI 43-101 geologist. · RFR also going to pursue metallurgical work to characterize the gold and non-gold bearing rocks with a view to pre-concentration. · RFR have sampled the water in the decline on site, this will need to be repeated several times but it is with the intent to dewater the decline in the future. · RFR will shortly commence sampling the surface waste rock from the decline, as well as do a soil survey in the “Partridge” area in order to correlate surface info with the underhand drill hole data in the area. · The reason for this is we intend to develop a small open pit to create cash flow, fund additional Property work and work on our critical mineral property nearby. · Right now the 43-101 is out of date and based upon an erroneous model. · Does RFR still wish to sell Parbec, yes, everything is for sale in this world at a price · Current gold price in Canadian $ is $3216 CAD · RFR current market cap is 5,300,000$ Canadian equivalent @ 1,648 Oz Au · Old & out dated 43-101 report stated Parbec was hosting 321,000 OZ AU indica in all categories · @ current market cap this represent 17$ per ounce in the ground · If the gold value in the ground would be 5% of current gold price, the value in the ground would be 161 $ Canadian equivalent to 0.15¢ per RFR share : · Do your own math with your own numbers and do your DD
- Maybe cynical but @ current price you cannot loose 2¢ - Current market cap 5 mil or 17$ per NI 43-101 ounces -Historical non 43-101 700,000 Au Oz ....perfect twinning correlation means adding these ounces to the 43-101 -New 3 D model demonstrating (1) there is gold outside the open pit (2) RFR average drilling depth is 300m but there is gold deeper (3) is Parbec another Canadian Malartic deposit (4) Geo think it is probable to rech 1,000,000 AU Oz on Parbec - If gold in the ground is worth 200$ U.S. or 260$ Canadian per ounce we currently have a 43-101 015¢ per share valuation -If we have 1,000,000 Au OZ then the valuation reach 0,6¢ per RFR share A LOT OF UPSIDE https://www.investorbrandnetwork.com/clients/renforth-resources-inc/
RFR M.O. -1- Acquire -2- Exploration/ Development -3- NI 43-101 -4- SELL -5- Create value for Shareholders Parbec = #4 Surimeau = #2 Conclusion : Parbec $ = Surimeau Development
Gold has a positive impact on Parbec valuation Current NI 43-101 resource estimate of 104,000 indicated ounces at a grade of 1.78 grams per tonne (g/t) Au and 177,000 inferred ounces at the same grade within the open pit (0-300m) Non 43-101 but known Resource stated by Globex Mining (page 20) https://www.globexmining.com/documents/AnnualInformationFormEndedDecember2020.pdf Au OZ indicated 37,224 Au Oz inferred 656,875 NI-43-10 Update shall include these new numbers And the cherry on the sunday, the deposit is open at depth DO WE HAVE ANOTHER CANADIAN MALARTIC ONLY 1 WAY TO KNOW, DO THE WORK AND DRILL
Gold Mineralization Extended into Sediments at Parbec with Soil Survey Results 2024-09-11 08:32 ET - News Release (via TheNewswire) PICKERING, Ontario, Sept. 11, 2024 – TheNewswire – Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) (“Renforth” or the “Company”) today advises shareholders that results from our initial soil sampling campaign on our Parbec Gold Project have extended the gold bearing ground beyond the area of the Cadillac Break and the modelled gold deposit. Encouraging surface sample results, including a 0.28 g/t Au soil sample, supports Renforth’s recent re-interpretation of the Parbec gold deposit, including gold-bearing structures extending into the Pontiac Sediments. Mapping of the geometry of the contact between the Piché volcanics and the Pontiac sediments resulted in our interpretation of the "Diorite splay" as a hinge fold in the Pontiac, a conduit for gold bearing fluids into not only the Cadillac Break, but also into perpendicular cross faults and low angle structures intersecting the break. This interpretation is supported not only by Renforth’s prior drilling, but also by the initial soil survey results as described above and depicted in the included map. As a result, the area of prospective ground on the property has expanded considerably, enhancing the project’s potential for further gold discoveries, not only in the break but also into the Pontiac sediments to the south of the Cadillac Break. "Highly elevated gold values in soil samples from our recently completed soil survey, such as 0.28 g/t and 0.23 g/t Au, along with the other results, are indicative of a nearby bedrock source. This is very positive, supports our interpretation, and requires follow-up." states Nicole Brewster, president and CEO of Renforth. This initial soil sampling survey was based upon 75m spacing, with some planned sample points unfortunately proving inaccessible. The results obtained justify follow up with tighter sample spacing. Directional vectors may become clear with additional data. We have obtained positive results in areas that have never been explored, removed from the known gold bearing structure, the Cadillac Break, and where bedrock is under cover. These results, in the central, western and southern portions of the surveyed area, are all new information expanding the gold bearing ground significantly at Parbec. The purpose of the initial soil surveying was to determine if there were additional areas for surface work at Parbec south of the Cadillac Break, and this target has been met. Our two pre-existing target areas for stripping also delivered positive soil results in this program. Prior to moving forward with stripping, we will do additional follow up on the newly discovered areas with anomalous gold results. Renforth has commenced planning for the next program and will share those details in due course. Technical Information Samples referred to in this press release were bagged and tagged in the field and delivered to ALS Laboratories where they underwent Au-TL44 for trace level Au in soils, using a 50g sample. All technical information in this press release has been reviewed and approved by Francis Newton P. Geo OGQ, a "qualified person," pursuant to the criteria of NI 43-101.
Parbec looking more and more like a 2nd Canadian Malartic Mine now owned by Agnico Eagle Parbec is a 43-101 open pit deposit Now the exploration demonstrated that the mineralization run deeper and outside the open pit 43-101 Au resources + historical Resource (Globex Mining) reaches 1,000,000 Oz. Au and with current exploration plan RFR will keep adding ounces
