Renforth Resources

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  1. rickydi

    rickydi Senior Investor

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    ORIGINAL: Renforth Extends Parbec Gold Mineralization Down Dip

    2021-04-29 08:01 ET - News Release

    • PAR-20-116 additional assay value obtained of 1.71 g/t gold over 1.25m, this adds to intervals previously released for PAR-20-116 which included 49.6m of 1.46 g/t gold announced April 7, 2021.
    • PAR-20-117 intersected 0.65m of 1.23 g/t gold, successfully undercutting surface gold results before the hole was lost at 30.5m length when it hit the ramp underground
    • PAR-20-119 intersected 1.27 g/t gold over 2.8m in a gap within the geological model
    • PAR-20-120 intersected 3.89 g/t gold over 1.75m in an overcut of PAR-10-05, which had, prior to this program, been the best gold interval at Parbec
    • PAR-20-124 intersected 1.54 g/t gold over 3.45m, an undercut of PAR-18-78 which extends the mineralized zone 160m down dip
    PICKERING, ON / ACCESSWIRE / April 29, 2021 / Renforth Resources Inc. (CSE:RFR)(OTCQB:RFHRF)(FSE-9RR) ("Renforth" or the "Company") is pleased to update shareholders on drill results received for Renforth's 2020 drill program on the wholly owned Parbec open pit constrained gold deposit on the Cadillac Break, adjacent to the Canadian Malartic Mine.

    This press release gives highlights of assays received for PAR-20-116, PAR-20-117, PAR-20-119, PAR-20-120 and PAR-20-124, 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 37 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, to test for the downdip extension of mineralized zones with undercut drillholes and to twin holes drilled between 1986 and 1993 in order to 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, however, the timeline is dependent on the receipt of assays. The five 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


    Assay Highlight Table
    Drillhole From (m) To (m) Length (m) g/t Gold
    PAR-20-116 215.75 217 1.25 1.71
    PAR-20-117 17.15 17.8 0.65 1.23
    PAR-20-119 154.5 157.3 2.8 1.27
    PAR-20-119 208.5 210 1.5 0.89
    PAR-20-120 166.1 169.05 2.85 1.02
    PAR-20-120 220.2 220.5 0.3 1.06
    PAR-20-120 234.6 235.1 0.5 0.75
    PAR-20-120 299.85 300.85 1 0.79
    PAR-20-120 302.15 302.65 0.5 1.12
    PAR-20-120 368.75 370.5 1.75 3.89
    PAR-20-124 282.5 287.05 4.55 1.13
    PAR-20-124 358.4 359.5 3.45 1.54

    *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
     
  2. rickydi

    rickydi Senior Investor

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    Renforth Resources – Abitibi Gold Explorer Building Open-Pit Ounces with Battery Metals Bonus

    https://eresearch.com/wp-content/uploads/2021/04/eR-Renforth-RFR-IR-2021-04-28_FINAL.pdf

    COMPANY DESCRIPTION: Renforth Resources Inc. (“Renforth” or “the Company”) is a Canadian-focused mineral exploration company with a portfolio of four gold and battery metal projects within the Abitibi Greenstone Belt, a world-class mining region, with three projects in Quebec (Parbec, Surimeau, and Malartic West), and the Nixon-Bartleman property in Ontario.

    INVESTMENT THESIS AND UPCOMING CATALYSTS: · Four Exploration Projects in the Abitibi Driving Value:

    - Parbec Gold Project: Current near-surface, NI 43-101 resource of 282,800 gold ounces at 1.77 g/t, located on Cadillac Break, near Malartic, Quebec.

    - Surimeau Battery Metals Project: District-scale project with seven mineralized targets and Volcanogenic Massive Sulphide (VMS) potential, near Malartic, Quebec.

    - Malartic West Copper-Silver Project: District-scale project adjacent to the western border of the Canadian Malartic Mine (CMM).

    - Nixon-Bartleman Gold Project: Gold on the surface over a strike length of 500m and sitting on the Destor-Porcupine Fault, near Timmins, Ontario.

    · Strong Management Team: Management has extensive experience and geological knowledge of the region.

    · Fully Funded for 2021: With the recent financing and asset sale, Renforth has $6.3 million in cash and securities and no debt.

    · Upcoming Catalysts: o Parbec: Drill results from the completed 15,569-metre drill program with planned resource restatement in Q2/2021. o Surimeau: Results from a 15-hole (3,600 metres) drill program planned in the spring of 2021. o Malartic West: Results from early stage exploration work in 2021. o Nixon-Bartleman: Exploration results from the planned Q2/2021 field work program. FINANCIAL ANALYSIS & VALUATION:

    · We value Renforth based on a sum-of-parts model at $78.9 million or $0.25/share based on the fully diluted share count of 321.1 million.

    · We are Initiating Coverage with a Speculative Buy rating and one-year price target of $0.25.
     
  3. rickydi

    rickydi Senior Investor

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    Renforth Resources – Abitibi Gold Explorer Building Open-Pit Ounces with Battery Metals Bonus

    https://eresearch.com/wp-content/uploads/2021/04/eR-Renforth-RFR-IR-2021-04-28_FINAL.pdf

    COMPANY DESCRIPTION: Renforth Resources Inc. (“Renforth” or “the Company”) is a Canadian-focused mineral exploration company with a portfolio of four gold and battery metal projects within the Abitibi Greenstone Belt, a world-class mining region, with three projects in Quebec (Parbec, Surimeau, and Malartic West), and the Nixon-Bartleman property in Ontario.

    INVESTMENT THESIS AND UPCOMING CATALYSTS: · Four Exploration Projects in the Abitibi Driving Value:

    - Parbec Gold Project: Current near-surface, NI 43-101 resource of 282,800 gold ounces at 1.77 g/t, located on Cadillac Break, near Malartic, Quebec.

    - Surimeau Battery Metals Project: District-scale project with seven mineralized targets and Volcanogenic Massive Sulphide (VMS) potential, near Malartic, Quebec.

    - Malartic West Copper-Silver Project: District-scale project adjacent to the western border of the Canadian Malartic Mine (CMM).

    - Nixon-Bartleman Gold Project: Gold on the surface over a strike length of 500m and sitting on the Destor-Porcupine Fault, near Timmins, Ontario.

    · Strong Management Team: Management has extensive experience and geological knowledge of the region.

    · Fully Funded for 2021: With the recent financing and asset sale, Renforth has $6.3 million in cash and securities and no debt.

    · Upcoming Catalysts: o Parbec: Drill results from the completed 15,569-metre drill program with planned resource restatement in Q2/2021. o Surimeau: Results from a 15-hole (3,600 metres) drill program planned in the spring of 2021. o Malartic West: Results from early stage exploration work in 2021. o Nixon-Bartleman: Exploration results from the planned Q2/2021 field work program. FINANCIAL ANALYSIS & VALUATION:

    · We value Renforth based on a sum-of-parts model at $78.9 million or $0.25/share based on the fully diluted share count of 321.1 million.

    · We are Initiating Coverage with a Speculative Buy rating and one-year price target of $0.25.
     
  4. rickydi

    rickydi Senior Investor

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  5. rickydi

    rickydi Senior Investor

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    rickydi Senior Investor

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    https://www.barchart.com/stocks/quotes/RFR.CN/opinion

    Overall Average:
    100% BUY

    Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal.

    0 – 100 Current Strength Maximum

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    TrendSpotter BUY
     
  7. rickydi

    rickydi Senior Investor

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    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 0.89

    including 5800 147 282 284.3 2.3 1.34

    PAR-20-1235800 147 287.65 288.250.6 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
     
  8. rickydi

    rickydi Senior Investor

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    Renforth Resources President & CEO Nicole Brewster presents at the February 2021 Virtual Investor Day (VID) Conference. Nicole outlines how Renforth has pivoted to a focus on battery metals at the Company's Surimeau property.

    Surimeau is a nickel and VMS system with district-scale potential. The property is directly adjacent on the west of Canada's largest open pit gold mine - the Canadian Malartic Mine, operated as a joint venture between Agnico Eagle and Yamana Gold. Renforth plans to conduct a 2,500 meter drill program at the property, starting in April or May of 2021(already completed) to begin testing high priority targets identified through geophysics, outcrop sampling and previous drilling. Surimeau is a very large property, currently featuring three geological trends: the northern trend, approximately 30 km long, the central trend, about 20 km long, and a shorter south trend. Renforth's current focus is the central trend.

    As recently announced, Renforth has verified that most of the nickel found to date at Surimeau (68%) is sulphide nickel that would be battery grade. As this is a very large project, Renforth is open to a eventually partnering with another company on this project, but the Company first wants to conduct their own exploration work to better define what they have.

    Renforth's second key asset is it's Parbec open-pit gold deposit, which is directly adjacent to the East Amphi property that represents the western edge of the Canadian Malartic Mine. Renforth is currently conducting infill and resource definition drilling at Parbec to increase the existing resource, including bringing in historical drilling data and expanding the deposit at depth.

    The Company hopes to be able to increase the resource at Parbec to 500,000 ounces of gold or higher. Drilling is expected to continue until April and hopes to have the updated resource estimate out by late Q2 or early Q3.

    It is Renforth's intention to sell Parbec and use this capital as a means of funding exploration at Surimeau. Nicole also provides a brief overview of some of Renforth's other properties at Malartic West (copper) and Nixon-Bartleman in Ontario (gold), which features 500 m of strike along the Destor-Porcupine 5 property portfolio, specifically the district-scale battery metals Surimeau nickel VMS property and their Parbec open pit gold deposit on the Cadillac Break, both of which are adjacent to the Canadian Malartic Mine in the prolific Abitibi gold belt of Quebec.

    After recently banking approximately $8 million CAD from the sale of the company's New Alger property, Renforth now has the capital it needs to increase the size and depth of the relatively shallow Parbec Gold deposit, which neighbours Canada’s largest open pit gold mine, and explore on the large and newly consolidated Surimeau battery metals property. Renforth currently trades on the Canadian Securities Exchange under the symbol CSE: RFR, on the OTC market under the symbol OTC: RFHRF and on the Frankfurt Exchange under FRA: A2H9TN.
     
  10. rickydi

    rickydi Senior Investor

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