PICKERING, ON / ACCESSWIRE / May 6, 2019 / Renforth Resources Inc. is pleased to announce the second and final closing of the current private placement with $58,000, bringing Renforth's Spring 2019 fundraising to a total of $245,000. The second closing resulted in the issuance of 760,000 common units at $0.05 per unit and 400,000 flow-through units at $0.05 per FT Unit. Each Unit is comprised of one share and one warrant [...]
Renforth Resources Inc. is pleased to announce that exploration work is ongoing at our wholly owned Parbec project, with a particular focus on the recently discovered Diorite Splay Zone in the sediments in the NW portion of the property. Renforth's geologists are in the field and have selected representative gold-bearing and non gold-bearing samples for several of the rock types at Parbec in order to do thin section work [...]
Renforth Resources Inc. is pleased to report that it has further extended gold mineralization along the ~1.8 km length of the Cadillac Break on the wholly-owned Parbec Property, which has been drilled most recently during our January/February program of 1767m drilled in 5 drill holes, the highlights of which appear below. Each of these drill holes successfully intersected Parbec's gold mineralized system, expanding the [...]
Renforth Resources Inc. is pleased to announce that the Company has acquired a 100% ownership interest in the Parbec Gold Project, host of a NI 43-101 resource estimate, joined to the western boundary of the larger Canadian Malartic Mine property package, from Globex Mining Enterprises Inc. pursuant to the option agreement originally entered into by the Company and Globex in January of 2015. Renforth renegotiated the [...]
Renforth Resources Inc. is pleased to announce the completion of our January/February 2019 drill program at Parbec. As we did in December of 2018 Renforth planned a drill program to extend the strike at Parbec and, in this program, explore down-dip extensions of the 2018 43-101 resource estimate at Parbec, 80% of which sits above a depth of 200m . The recent program consisted of 1767m of drilling in 5 drill holes, samples [...]
Renforth Resources Inc. is pleased to announce the appointment of Kurt Breede P.Eng to the Board of Renforth as an independent technical director. Kurt is senior geological engineer and marketing executive with over 20 years experience in the mineral resource industry. He is former Vice President of geological and mining consultancy Watts, Griffis and McOuat, and prior to that was Senior Business Analyst with Gemcom [...]
Renforth Resources Inc. is pleased to announce results for the balance of the holes drilled at Parbec in the December 2018 program, which include 24.62 g/t Au over 0.9m in PAR-18-92. The December 2018 program was designed to test the presence of shallow mineralization with grade and continuity outside of a 50m buffer zone from the rail line, and to extend and increase the mineralized zones. Each of PAR-18-91, PAR-18-92 [...]
Renforth Resources Inc. is pleased to announce that the final cash payment and final share issuance required under the terms of Renforth's 100% option on the Parbec Property, located in Malartic Quebec, contiguous to the Canadian Malartic Mine, have been made. Renforth has until January 2020 to complete the work required on the property, there is currently a drill program underway, as announced January 23, 2019. The [...]
Renforth Resources Inc. is pleased to announce results for the first three holes drilled at Parbec in the December 2018 program, which includes 11.56 g/t Au over 1.1m in PAR-18-88 the first hole in that program. The December 2018 program was designed to test the presence of shallow mineralization with grade and continuity outside of a 50m buffer zone from the rail line, and to extend and increase the mineralized zones [...]
Renforth Resources Inc. is pleased to announce that our first drill program for 2019 has commenced at Parbec with drill and crew mobilization, drilling will commence January 23. The first hole in this program will be at the eastern end of the Parbec mineralization, a step out from our last hole in this area. Results from the December 2018 drilling will be released as available, that program was concentrated in the NW area [...]
Renforth Resources Inc. is pleased to announce that on December 31, 2018 it completed a private placement financing raising $615,000 through the issuance of 12,300,000 of flow-through common units. Each Flow-Through Unit consists of one common share in the capital of the Company issued on a "flow-through" basis, and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one [...]
Renforth Resources Inc. is pleased to announce that the December 2018 drill program at Parbec has been completed with 7 holes drilled in 1040 m. Each of the 7 holes intersected mineralization in different lithologies, including a "magnetic diorite" visually similar to the material encountered at the SE extent of the Parbec body. Logging of the core has been completed, selected samples are being cut, bagged and tagged and [...]