Renforth Resources Inc.

Company Data | Introduction | Projects in Hand | Management
News Update | Chinese

Company Data

Introduction

Renforth Resources holds an open pit gold deposit in Parbec and a district scale battery metals discovery in Surimeau, both located near Malartic, Quebec. 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 about 500 metres.

Renforth is well financed, with about $6.7-million in cash and securities on hand (*as at Feb. 8, 2021), in addition to the gold contained in the Company's gold deposit.

Projects in Hand

Parbec Gold Project, Quebec

Renforth holds the Parbec open-pit gold deposit in Malartic, Quebec, contiguous to Canada's largest gold mine the Canadian Malartic open-pit gold Mine (CMM), with 104,000 Indicated ounces of gold at a grade of 1.78 grams per tonne Au and 177,000 Inferred ounces of gold at a grade of 1.78 g/t Au. A 15,000 m drill program is continuing. This program is planned to twin, infill and undercut existing drill holes at Parbec. The aim of this program is to rebuild the geological model and increase the resource estimate upon restatement.

Upon completion of 15,000 m drill program Renforth will restate the resource at Parbec. This will allow a determination of value for the asset and permit a future sale, when desired. Renforth is able to self fund without issuing new shares or flow through. Renforth believes this asset is very saleable due to location, mineralization starting at surface and depletion of gold ounces in the surrounding area.

Surimeau Nickel/VMS (volcanogenic massive sulphide) Project, Quebec

Renforth has discovered a nickel-bearing ultramafic, coincident with a copper/zinc volcanogenic massive sulphide, over about five kilometres of strike in the western end of the 20 km central anomaly at Renforth's wholly owned 215 sq. km 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 2021.

Renforth considers Surimeau to be a version of “Outokumpu” style of mineralization. The Outokumpu mining district in eastern Finland is well known for unconventional Precambrian sulphide deposits with economic grades of copper, zinc, nickel, cobalt, silver and gold.

Malartic West (Copper Discovery) Project, Ontario

• Only ~3km from the Cadillac Break, entirely NEW – awaiting follow up
• RFR field work extends copper and silver mineralization over almost 200 m
• The property is road accessible, has been logged, it is very flat with little outcrop
• There is no appreciable geophysical signature associated with the surface mineralization
• Never been drilled, no prior exploration

Nixon-Bartleman (Surface Gold) Project, Ontario

• Patent claims located on the Destor-Porcupine Fault in Ontario
• Located <10 km SW of producing Timmins West and Bell Creek Mines
• Hosting ~500m of stripped gold in quartz veining with mineralization continuing outside of stripped area
• RFR discovered evidence of en-echelon veins

2021 Field Operations

• Surimeau: A drill program has been planned to consist of 15 holes in 3,600 metres over a strike length of 3kms of historic mineralization. (see news release of March 4, 2021)
• Parbec: Completion of 15,000-metre drill program in Feb/March 2021 will include twinning of historic drilling excluded in May 2020 resource. Q2 2021 Resource Restatement planned to include 15,000-metre new drilling AND historic drill data.
• Malartic West: Beep mat survey combined with prospecting planned to find strike extensions to known discovery mineralization.
• Nixon-Bartleman: Late Spring/Summer 2021 prospecting program targeting high priority untested gold-in-bark anomaly coincident with a well defined fault cross-cutting the Destor-Porcupine Fault.
• Denain-Pershing: O3 Mining currently has the exclusive right to explore the property

Investment Highlights

Renforth owns 100% of:

• Surimeau: district scale Nickel/VMS discovery on 215 sq. km. property hosting 50kms of intrusives/geophysical anomalies with mineralization present over ~5km (current and historic data) on surface, adjacent to Canadian Malartic Mine (CMM) in Malartic Quebec, ~20km south of the LaRonde Mine of Agnico Eagle
• Parbec: Open pit gold resource (May 2020) on the Cadillac Break adjacent to CMM of 104,000 oz Au at 1.78 g/t Indicated and 177,000 oz Au at 1.78 g/t Inferred
• Malartic West: surface copper/silver discovery traced over ~200m, little prior exploration
• Nixon-Bartleman: surface gold system stripped over 500m on the Destor-Porcupine Fault, open on strike, <10 km SW and on strike of Timmins West and Bell Creek Mines.
• Denain-Pershing: large mineralized land package east of Val d'Or, currently optioned to O3 Mining.

Management

Management and Directors

Nicole Brewster, President and Chief Executive Officer, Director

Kyle Appleby, CA, Chief Financial Officer

Brian H. Newton, P.Geo., Chief Geologist

Dr. James Franklin, PhD, FRSC, P.Geo., Principal Advisor Surimeau

Martin Demers, P.Geo. (ogg), Technical Advisor

Wally Rudensky, CA, Chairman of the Board, Audit Chair

Kurt Breede, P.Eng., Independent Director

John S. Webster, Camborne School of Mines

Judi Wood, Independent Director

Hon. Dr. Kellie Leitch, Independent Director

News Update

On February 16, 2022, Renforth Resources Inc. announced that the company will resume field operations this week at its 300-plus-square-kilometre Surimeau district property in northwestern Quebec, working to advance its approximately six km long Victoria West polymetallic battery metals system as well as copper and lithium occurrences on the property. At the same time, its Parbec gold deposit is currently the focus of the structural geology group Renforth has retained to do the first-ever structural study of this property which straddles 1.8 km of the Cadillac-Larder Lake fault zone, with a surface gold resource identified over a portion of that distance, which also encompasses Renforth's discovery of a splay of the break into the Pontiac sediments to the south of the Cadillac break.

On December 21, 2021, Renforth Resources Inc. has completed a private placement financing, raising $1,376,260 through the issuance of 13.75 million flow-through common units and 14,000 common units.

Renforth is also pleased to inform shareholders that the final 2021 drilling at Victoria West, within the Surimeau District Property, has been successfully completed with a total of 7 holes drilled in 1203m within the stripped area. Each hole encountered visible sulphides, samples have been sent for assay, results will be released once received.

On December 07, 2021, Renforth Resources Inc. announced that the drilling is under way under visual surface nickel, copper, cobalt and zinc mineralization previously stripped at Renforth Resources Inc.'s Victoria West target within the 260-square-kilometre property, contiguous to the Canadian Malartic mine in Malartic, Que.

• 2 of 3 planned drill holes in the eastern end complete at dips of -45 and -60 degrees, extending visual nickel, copper, cobalt and zinc to 100 vertical metres below the stripped area, confirmed with an XRF
• 3 holes planned in the western end
• 1 or 2 holes planned in centre under large intrusive mound

On November 24, 2021, Renforth Resources Inc .announced that it has completed its stripping program on its Victoria West Battery Metals system where the company exposed nickel, cobalt, copper and zinc over the entire ~275m which was trenched, located between mineralized drill holes from its recently announced 2.2km drilled strike length, with each of those holes intersecting battery metals.

On November 10, 2021, Renforth Resources Inc. has released the results from its 21 holes drilled over a strike length of 2.2 kilometres at Victoria West, with each hole delivering mineralization and the four deeper holes demonstrating an increase in grade. The results reported on include the two 2021 drill programs and the results from resampling of the 2.5 holes drilled in 2020 in the intervals presented. Surimeau is a wholly owned 260-square-kilometre property in the Pontiac, south of the Cadillac Break and contiguous to the Canadian Malartic mine. There are five areas of known polymetallic mineralization on the property, including the Huston target, 18 km northwest of Victoria West, where Renforth recently reported a grab sample assaying 1.9 per cent nickel, 1.38 per cent copper, 1,170 parts per million cobalt and four g/t silver and several gold showings.

On October 25, 2021, Renforth Resources Inc. has provided shareholders with an update on the resumed stripping program on the approximately five-kilometre-long Victoria West target of Renforth's wholly owned 260-square-kilometre Surimeau property, located in the Pontiac sediments, contiguous to the Canadian Malartic mine, near Malartic, Que. Surface visible copper mineralization has been encountered, consisting of stringers of medium to coarse grained chalcopyrite and occasional trace clots of bornite, the channel samples have been sent for assay.

The program, targeting an area between two groups of the holes drilled in the 2.2km long drill program earlier this year has, to date, successfully exposed 180m of sulphide bearing bedrock and completed the southern portion, approximately 50m long by 7m wide, of the eastern crosscut, once complete the crosscut will be approximately 150m in length. The southern contact between the ultramafic and the Pontiac was successfully intersected in the cross cut, along with another band of alteration similar to the main alteration running through the centre of the stripped area.

On October 14, 2021, Renforth Resources Inc. has updated shareholders on the continuing stripping program on the approximately five-kilometre-long Victoria West target of Renforth's wholly owned 260-square-kilometre Surimeau property, located in the Pontiac sediments, contiguous to the Canadian Malartic mine, near Malartic, Que.

The program, targeting an area between two of the holes drilled in the 2.2-kilometre-long drill program earlier this year, is currently paused for a 10-day period to allow local hunters use of the land unimpeded by the stripping operation which has successfully exposed 130 metres of sulphide-bearing bedrock, approximately 40 per cent of the strike expected to be exposed.

On October 06, 2021, Renforth Resources Inc. has released the final results from its 2020/21 drill program at its wholly owned Parbec open-pit gold deposit located in Malartic, Que., adjacent to the Canadian Malartic mine, Canada's largest gold mine. Assay result highlights appear below, including 21.85 metres of 3.06 grams per tonne 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 approximately 250 metre as can be seen in the vertical section below, with a shallow overcut, PAR-21-145.

On September 30, 2021, Renforth Resources Inc.'s summer prospecting in the southwestern part of the Huston area within the wholly owned approximately 260-square-kilometre Surimeau district battery metals property returned an assay of 1.9 per cent nickel, 1.38 per cent copper, 1,170 parts per million cobalt and four grams per tonne silver, within a grab sample taken from strongly foliated diorite with patchy oxidation on the weathered surface. A grab sample is selected by the geologist and may not be representative of the property as a whole. In this instance, the diorite sampled hosts a quartz vein with trace pyrite. The vein did not return significant nickel values.

On September 15, 2021, Renforth Resources Inc. has released additional positive assay results from the 2021 portion of the over 15,000 metres (m) drilled into the wholly owned Parbec surface gold deposit in Malartic, Que., contiguous to the Canadian Malartic mine. Highlights for an additional four holes are presented in this news release, including 9.95 metres (m) of 1.75 grams per tonne (g/t) gold obtained in drill hole PAR-21-142 . This drill program, which consisted of 49 drill holes, was designed to infill gaps within the mineralized model, as well as test several historic holes in order to validate over 13,000 m of drill data excluded from the May, 2020, mineral resource estimate for Parbec and to begin to test the deposit at depth -- greater than 75 per cent of the mineralization in the model sits above a depth of 300 m.

On July 29, 2021, Renforth Resources Inc. announced that O3 Mining Inc. (“O3”) has fulfilled the conditions of the option agreement held by O3 on the Denain-Pershing Property (the “Property”) to earn-in an 80% ownership interest in the Property and has purchased the remaining 20% interest in the Property from Renforth.

“Renforth is pleased to have concluded the divestiture of the Denain-Pershing Property to O3. This allows our team to maintain our focus at our flagship Parbec gold asset, as well as our Surimeau District Project where we have recently completed our latest drill program on our battery metals property without spending or dilution considerations at Denain-Pershing ” states Nicole Brewster, President and CEO of Renforth.

On July 20, 2021, Renforth Resources Inc. has completed the planned four-drill-hole program at the five-kilometre-long nickel, copper and zinc mineralized Victoria West target on its wholly owned 260-square-kilometre Surimeau district property. Visible massive pentlandite was encountered within a vein in SUR-21-20 located 160 m down the hole, an approximate vertical depth of 139 m. This occurrence is the highest concentration of visible nickel encountered in Renforth's drilling at Victoria West, following the highest concentration of visible copper intersected to date seen in SUR-21-19, the first hole in this program.

On June 30, 2021, Renforth Resources Inc. has released the positive results of additional sampling of core from PAR-20-101, the second hole drilled in the company's 15,569-metre drill program on its wholly owned Parbec open pit gold deposit, adjacent to the Canadian Malartic mine, carried out earlier this year. It drilled 31.5 m of 0.69 g/t Au at Parbec.

On June 16, 2021, Renforth Resources Inc. has released the following results and updates for its wholly owned Parbec gold deposit and its wholly owned Surimeau nickel/copper/zinc project. It drilled 12.6 m of 4.39 g/t Au at Parbec.

On June 09, 2021, Renforth Resources Inc. reported the company has the partial assays for PAR-21-131, an 87m long hole which was successfully drilled as a twin of PAR-93-54. PAR-21-131 intersected 9.55m of 4.42 g/t gold, with a sub-interval of 3.9m grading 10.31 g/t gold, commencing at 48.45m down the hole, a vertical depth of approximately 40m, within the area of the Whittle open pit which accompanies the May 2020 Resource Estimate for Parbec.

On June 03, 2021, Renforth Resources Inc. has provided shareholders with additional Parbec assay results. It drilled seven m of 7.11 g/t Au at Parbec.

On June 02, 2021, Renforth Resources Inc. will begin a drill program at Malartic West, commencing immediately. Renforth's geologists will undertake a maiden 1,000-metre drill program targeting the about 160 m surface copper/silver discovery (the Beaupre shear) in the northern part of Renforth's Malartic West property.

On May 27, 2021, Renforth Resources Inc. has updated shareholders on the results of PAR-20-125, the last hole to report on from the 2020 drill campaign. This hole successfully infilled section 5700E, adding continuity across 25m to various mineralized zones within the Parbec deposit model, and, as PAR-20-125 is the only hole on line 5700E Renforth considers these results accretive to the Parbec deposit. It drilled 2.6 m of 7.08 g/t Au at Parbec.

On May 18, 2021, Renforth Resources Inc. has updated shareholders on the results of PAR-21-117, the first hole drilled in 2021, intersecting new gold mineralization, in particular 18.75 metres of 4.59 grams per tonne gold, at a vertical depth of approximately 200 m. It drilled 18.75 m of 4.59 g/t Au at Parbec.

On May 12, 2021, Renforth Resources Inc. has updated shareholders on the results of PAR-21-130, the first hole from its 2021 drill program to be reported on, which was a successful twin of PAR-93-55, supporting the 1993 data. PAR-21-130 was a shallow 123-metre drill hole, entirely within the National Instrument 43-101 May, 2020, resource estimate open pit. In PAR-21-130 the interval of 14.1 m of 2.15 grams per tonne Au, which supports the historic 1993 result of 9.3 g/t gold over 4.3 m and extends the mineralization further, occurs at a vertical depth of approximately 75 m. It drilled 14.1 m of 2.15 g/t Au at Parbec.

On May 06, 2021, 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 grams per tonne gold over 3.7 metres, 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 one m.
• 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 0.5 m at 76.4 m 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 0.45 m.

On April 29, 2021, Renforth Resources Inc. has updated 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. It drilled 1.75 m of 3.89 g/t Au at Parbec.

On April 28, 2021, Renforth Resources Inc. announced that the company Surimeau district project has increased in size, to approximately 260 square kilometres, with the addition of 81 claims, covering approximately 4,520 hectares and hosting the Huston target, located to the west of the company's Surimau target area, in the Pontiac and south of Iamgold's Westwood mine.

On April 20, 2021, Renforth Resources Inc. has informed shareholders that the spring 2021 drill program on the Surimeau district property, southwest of Malartic, Que., has concluded with 3,456 metres drilled in 15 holes over a 2.2-kilometre strike on the Victoria West target.

On April 13, 2021, Renforth Resources Inc. has provided an update shareholders on assay results received for Renforth's 2020 drill program on the wholly owned Parbec open-pit-constrained gold deposit on the Cadillac break and visual drill results obtained in the current drill program on the wholly owned Surimeau district nickel-rich volcanic massive sulphide (VMS) target at Victoria West, both adjacent to the Canadian Malartic mine in northwestern Quebec. It drilled 10.75 m of 1.54 g/t Au at Surimeau.

On April 07, 2021, Renforth Resources Inc. has updated shareholders on drill results received for its 2020 drill program on the wholly owned Parbec open-pit constrained gold deposit on the Cadillac Break, adjacent to the Canadian Malartic mine.

The press release gives highlights of assays received for PAR-20-116, PAR-20-106, PAR-20-107, PAR-20-108 and PAR-20-109, all drilled in the fall 2020 program at Parbec where 9,644 metres were drilled in phase one of a drill program designed to support a new 2021 resource estimate for Parbec. The drill program finished at 15,569 m 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. It drilled drills 49.6 m of 1.46 g/t Au at Parbec.

On March 31, 2021, Renforth Resources Inc. has updated shareholders on its continuing drill program on the Victoria West target area of its Surimeau district property, located south of Malartic, Que., and contiguous to the Canadian Malartic mine.

As of the end of day March 29, Renforth had completed four holes SUR-21-04, SUR-21-05 and SUR-21-06, SUR-21-07, in two fences and 813 metres of drilling, to the west of SUR-20-01 through 03, the 194 metres of drilling completed in fall 2020. The visual results obtained in SUR-21-04 through SUR-21-07 reveal the presence of nickel, copper and zinc sulphide mineralization hosted primarily in bands of graphitic siltstones and quartzites within thick bands of ultramafics, as also observed in the holes drilled in the fall of 2020.

On March 25, 2021, Renforth Resources Inc. announced that it has begun a 3,500-metre drill program on the Victoria nickel target which strikes over about five kilometres on Renforth's wholly owned 215-square-kilometre Surimeau district property, where Renforth has previously obtained sulphide nickel values on surface and subsurface, confirming the presence of mineralization as indicated by historic exploration information.

On March 17, 2021, Renforth Resources Inc. has discovered a new gold mineralization zone at Parbec, located in the Pontiac sediments, south of the Cadillac break, outside of the existing resource model.

PAR-20-105 offered the following highlights in the top of the hole. The sample from 83.4 to 84.9m is unconstrained, meaning that there are no samples on either side of the highlight value of 5.34 g/t Au. In the future Renforth will revisit this core and select additional samples in order to confirm the extent of mineralization.

On March 16, 2021, Renforth Resources Inc.'s shares are now listed to trade on the OTCQB Venture Market in the United States, under the symbol RFHRF. This is in addition to its listing on the Canadian Securities Exchange, with the symbol RFR, and Frankfurt, with the symbol 9RR.

On March 09, 2021, Renforth Resources Inc. has provided Parbec 2020 drill results to shareholders, including a highlight from PAR-20-112 of 21.45 metres grading 5.57 grams per tonne Au from 254.8 m to 276.25 m as measured in the core box. This includes a subinterval of 6.27 g/t Au over 16.7 m, which also includes 37.3 g/t Au over one m.

On March 04, 2021, Renforth Resources Inc. has provided shareholders with an operational update.

• Drilling at Parbec has exceeded 3,500 metres in 13 drill holes, this program commenced Feb. 5, a prodigious production level which reflects the professionalism and hard work the company's drilling and geological contractors put in on a daily basis; drilling is continuing.
• Seven of these holes successfully twinned historic 1980 and 1990 drill holes from the collar, samples have been selected, split and sent to the lab. Geologically the new and historic holes correlate, lab results are required for assay correlation.
• Surimeau drill program has been planned to consist of 15 holes in 3,600 metres over a strike length of three kilometres of historic mineralization, confirmed by Renforth's surface sampling to contain sulphide nickel. More complete program details will follow.
• The drill permit application and field reconnaissance for drill access and chipping is under way.
• Assays for 22 holes completed in 2020 at Parbec, along with the current 13 drill holes are outstanding. Renforth has received partial results for several of these holes. Upon receipt of either an entire hole, or the constraint of a mineralized intersection, Renforth will release results to shareholders in as timely a fashion as possible.
• Renforth will be participating in PDAC 2021 with a virtual booth; this booth will include project information and recent interviews completed with several marketing groups, also available on Renforth's website under corporate presentation/appearances.

On March 4, 2021, Renforth Resources Inc. has provided shareholders with an operational update.

Drilling at Parbec has exceeded 3,500 metres in 13 drill holes, this program commenced on Feb 5th, a prodigious production level which reflects the professionalism and hard work the Company's drilling and geological contractors put in on a daily basis, drilling is ongoing.

Surimeau drill program has been planned to consist of 15 holes in 3,600 metres over a strike length of 3kms of historic mineralization.

Renforth will be participating in PDAC 2021 (March 8 – 11) with a virtual booth, this booth will include project information and recent interviews completed with several marketing groups.

On February 18, 2021, Renforth Resources Inc. announced that lab work performed on its Surimeau grab samples demonstrates an average of 68% sulphide nickel content.

On February 10, 2021, Renforth Resources Inc. announced that drilling has resumed on Renforth Resources Inc.'s Parbec gold deposit in Malartic, Quebec.

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