nforth Resources Inc. (CSE:RFR) (“Renforth” or the “Company”) is pleased to provide shareholders with the most recent assays, including 13m of 1.72 g/t Au, from our Fall 2020 9,644m drill program at Parbec, designed to add ounces to our NI 43-101 Resource Estimate Open Pit Constrained Gold Deposit, adjacent to, and on strike of, the Canadian Malartic Mine, Canada’s largest gold mine, currently operating as an open pit. Today’s press release brings to 5 the drillholes reported on, out of 27 drilled in the program. Highlights for PAR-20-103, PAR-20-104A and PAR-20-104, each of which intersected gold, as did each of the prior 40 holes drilled by Renforth at Parbec, are as follows;
Eloro Resources Ltd. (the “Company” or “Eloro”) (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that, in connection with its previously announced bought deal financing (see Eloro press releases dated December 9, 2020), it has filed a preliminary short form prospectus with the applicable securities regulators in each of the provinces of Canada, except Quebec. Under the terms of the financing, Haywood Securities Inc., as lead underwriter, and Echelon Wealth Partners Inc. (the “Underwriters”) have agreed to purchase, on a bought deal basis, 3,548,400 units (the “Units”) at a price of Cdn$1.55 per Unit (the “Issue Price”) for gross proceeds to the Company of Cdn$5,500,020 (the “Offering”).
Renforth Resources Inc. (CSE:RFR) (“Renforth” or the “Company”) is pleased to update shareholders on the receipt of assays and the ongoing drill program at our flagship asset, the wholly owned Parbec Open Pit Constrained Gold Deposit located in Malartic Quebec, on the Cadillac Break and adjacent to the Canadian Malartic Open Pit Gold Mine.
Cartier Iron Corporation (CSE: CFE) (“Cartier Iron”), is pleased to announce that it is proceeding with a non-brokered private placement (the “Private Placement”) of up to 2,500,000 flow-through shares of Cartier Iron at a price of $0.14 per share (“F-T Shares”) for proceeds of up to $350,000. Each F-T Share will be issued on a “flow-through” basis under the Income Tax Act (Canada). Insiders of Cartier Iron may participate in the Private Placement.
Renforth Resources Inc. (CSE:RFR) (“Renforth” or the “Company”) is pleased to announce a first successful drill test on its Surimeau polymetallic project located twenty kilometers south of the town of Cadillac, Québec. The project covering an area of 215 km2 is a regional exploration setting covering an area of interest west of, and adjoining, the Agnico-Eagle and Yamana Gold owned Canadian Malartic Mine.
Renforth Resources Inc. (CSE:RFR)(OTC PINK:RFHRF)(WKN:A2H9TN) (“Renforth” or the “Company”) has received the balance of assays for drill hole PAR-20-100, and results for the top of hole PAR-20-101, the first two holes in our ongoing drill program at our wholly owned Parbec open pit gold deposit. Parbec is a bulk tonnage gold property on the Cadillac Break, adjacent to the Canadian Malartic Mine, which also has custom milling solutions within a 10km radius. The current drill program is building upon our maiden May 2020 NI 43-101 compliant Open Pit Constrained Resource Estimate at Parbec, with a restatement expected in Q2 2021.
Renforth Resources put out a press release November 12 which outlines the company’s activities at its polymetallic Surimeau Property which is contiguous to the Canadian Malartic Mine as well as updating the company’s drilling at Parbec.
- Fouillac” showing, re-discovered in field by Renforth, newly acquired by staking, historically (1960s) drilled for gold, recently cleared by logging operations
- Drilling on flagship Parbec Open Pit Gold Deposit continues, almost 6000m drilled in 17 holes to date, assay data for only 176m (half of the first hole) received as yet.
- Surimeau drill program commenced to obtain fresh rock along Victoria West polymetallic structure
- 219 Claims staked, more than doubling Surimeau size, securing known mineralized system and additional geophysical anomalies
Renforth Resources Inc. (CSE:RFR)(OTC PINK:RFHRF)(WKN:A2H9TN) (“Renforth” or the “Company”) is pleased to advise shareholders that a drill program has commenced on our newly enlarged, wholly owned 215km2, polymetallic Surimeau Property, contiguous to the Canadian Malartic Mine, outside of Malartic, Quebec.
Renforth Resources Inc. (CSE:RFR)(OTC PINK:RFHRF) (WKN – A2H9TN) (“Renforth” or the “Company”) is pleased to inform shareholders that partial assay results for PAR-20-100 have been received and include an interval of 22.5m assaying 1.21 g/t Au between 88.5m and 111m as measured in drill core, presented with other highlights below. This interval includes sub intervals of 12 g/t Au over 1m, 4.08 g/t Au over 0.95 and 4.03 g/t Au over 1m. As the receipt of assay results is taking longer than typical Renforth has decided to release results as received, today’s press release summarizes results from 176.3m of the 405.7m drilled in PAR-20-100, which is part of a total of 3850m drilled in the Fall drill program to date. Renforth plans on drilling approximately 7000m prior to Christmas at Parbec and an additional ~7000m in the New Year, for a total of ~14,000m in new drill core and data.