Renforth Resources

Discussion in 'Penny Stocks' started by rickydi, Mar 11, 2021.

  1. rickydi

    rickydi Senior Investor

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    1st bull run / homerun = PARBEC
    43-101 resource restatement
    Potential 1,500,000 Au Oz in an open pit
    probable selling value 75-80 $/Oz. (5% of current gold price)
    Potential 1,500,000 X 75$= 112,500,000$ ÷251,296,669= 0.45¢

    2nd bull run / homerun
    SURIMEAU
    Major NI and CU structures running on several Km
    This will be a major major major hit

     
  2. jhonmason69

    jhonmason69 Active Member

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    Share 2022 gold coin future to get my further investment.
     
  3. rickydi

    rickydi Senior Investor

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  4. rickydi

    rickydi Senior Investor

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    as of sept 22, 2021
    no work at Parbec
    Stripping at Surimeau
    No work at Malartic West
     
  5. rickydi

    rickydi Senior Investor

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  6. rickydi

    rickydi Senior Investor

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

    Barchart Opinion INDICATOR
    Composite Indicator
    TrendSpotter SELL

    Short Term Indicators

    20 Day Moving Average SELL
    20 - 50 Day MACD Oscillator SELL
    20 - 100 Day MACD Oscillator SELL
    20 - 200 Day MACD Oscillator SELL

    20 - Day Average Volume: 271,978 Average: 100% SELL

    Medium Term Indicators

    50 Day Moving Average SELL
    50 - 100 Day MACD Oscillator SELL
    50 - 150 Day MACD Oscillator SELL
    50 - 200 Day MACD Oscillator BUY

    50 - Day Average Volume: 179,187 Average: 50% SELL

    Long Term Indicators

    100 Day Moving Average SELL
    150 Day Moving Average SELL
    200 Day Moving Average SELL
    100 - 200 Day MACD Oscillator BUY

    100 - Day Average Volume: 215,592 Average: 50% SELL
     
  7. rickydi

    rickydi Senior Investor

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    ORIGINAL: Renforth drills 21.85m of 3.06 g/t gold at wholly owned Parbec open pit gold deposit in Malartic, Quebec

    2021-10-06 08:01 ET - News Release

    (via TheNewswire)

    TheNewswire - October 6, 2021 - Renforth Resources Inc. (C NSX: RFR. CN ) (OTC:RFHRF) (FSE:9RR ) (“Renforth” or the “Company”) is pleased to announce the final results from our 2020/21 drill program at our wholly owned Parbec open pit gold deposit located in Malartic, Quebec, adjacent to the Canadian Malartic Mine, Canada’s largest gold mine. Assay results highlights appear below, including 21.85m of 3.06 g/t gold drilled in PAR-21-141, which was drilled as an “infill” drill hole, in an area which had not previously been drilled. At the end of the program the field geologists decided to follow up on the visual results of PAR-21-141, which terminated at a vertical depth of ~250m as can be seen in the vertical section below, with a shallow “overcut”, PAR-21-145.

    As seen in the section PAR-21-141 delivered new mineralization outside of the conceptual pit shell. PAR-21-145, also delivering new mineralization, terminated at approximately 150m vertical depth, delivering highlights of 33m of 0.748 g/t gold, 19.5m of 1.09 g/t gold and 9.9m of 1.38 g/t gold . All of the assay data in these two holes is new mineralization, demonstrating continuity of mineralization at Parbec and extending mineralization to some depth.

    upload_2021-10-6_9-11-36.png
    Click Image To View Full Size


    Assay intervals are as measured in the core box, not true width

    Vertical Section 5075NW

    upload_2021-10-6_9-11-59.png
    Click Image To View Full Size


    With the receipt of all assay data Renforth can now update the deposit database and update the deposit model. In addition, a structural interpretation will be carried out, all of the drilling to date, and the resource modelling, has been on the basis of grade, as opposed to a structural interpretation. With the >15,000m of new data Renforth believes an initial structural interpretation can now be completed.


    “I am very happy to release the final Parbec drill results, after unprecedent lab delays caused by the impact of COVID on local labour. I am thrilled that this final press release contains excellent results from drilling in a previously undrilled area, demonstrating that there is still lots to be learned at Parbec, and offering an immediate drill target for the future, an undercut of the 21.85m of an average grade above the current resource grade. Parbec’s future is bright” states Nicole Brewster, President and CEO of Renforth.


    Samples referred to in this press release were bagged, tagged, and sealed in the field and transported directly to the facilities of AGAT Laboratories in Val d’Or, Quebec where they underwent Fire Assay – Trace Au, AAS finish (Code 202-051) for gold analysis.


    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


    For further information please contact:

    Renforth Resources Inc.

    Nicole Brewster

    President and Chief Executive Officer

    C:416-818-1393

    E: [email protected]

    #269 – 1099 Kingston Road, Pickering ON L1V 1B5


    Follow Renforth on Facebook, LinkedIn and Instagram!


    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 wholly owns the 260 km 2 Surimeau District Property with several areas of historically identified polymetallic and gold mineralization. This includes the Victoria West occurrence, Renforth’s current focus, interpreted to be a nickel-containing ultramafic unit, juxtaposed with VMS-style copper-zinc mineralization which occurs over ~5km of strike in the western end of the 20km central anomaly at Surimeau. 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 ~$5 million in cash and securities on hand (*as at 05/14/21), in addition to the gold contained in our gold deposit.


    No securities regulatory authority has approved or disapproved of 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.
     
  8. rickydi

    rickydi Senior Investor

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    Major problem too much paper floating around

    Renforth Resources

    Source: www.sedar.com as of June 30, 2021

    Capitalization

    Issued & Outstanding:
    261,953,670

    Reserved for Issuance:
    684,050

    Share purchase warrants
    46,714,841

    Options Exercisable
    16,350,000

    AND THE TOTAL IS.........
     
  9. rickydi

    rickydi Senior Investor

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    RFR.CN OTCQB: RFHRF The market is approaching overbought territory. Be watchful of a trend reversal.
     
  10. rickydi

    rickydi Senior Investor

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    Nicole Brewster: President & CEO & Geologist & Investor Relation
    4 full time jobs
     

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