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In the junior resource world there is a model where a company takes a piece of ground, works on sampling, mapping and drilling and then sells the ground at a profit. It is a great model but it is rare for a company to actually be able to execute. Nicole Brewster, CEO of Renforth Resources (V.RFR), got the job done with the sale of Renforth’s New Alger project to Radisson Mining Resources (V.RDS).
Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRDF) (“Radisson”) and Renforth Resources Inc. (CSE – RFR) (OTC US– RFHRF) (WKN – A2H9TN) (“Renforth”) are pleased to announce that they have signed a binding agreement (the “Agreement”) pursuant to which Radisson will acquire a 100% interest in Renforth’s New Alger Gold Property (“New Alger”) and enter into a long-term strategic relationship through a 9.6% equity investment by Radisson in Renforth. The relationship aims to leverage regional synergies and unlock significant value for shareholders of both companies from one of the most prospective mining camps in the world.
Renforth Resources Inc. (CSE:RFR)(OTC US:RFHRF)(WKN:A2H9TN) (“Renforth” or the “Company”) is pleased to let shareholders know we have completed our drill program at New Alger, with a combined total of 1782m drilled in 9 holes, on both the Discovery Veins and in the mine area, as illustrated and described below. Each of these holes has been logged and sampled, in some instances for the entire hole. Generally speaking Renforth views this drill program as a success, with each hole encountering all of the “ingredients” required for the presence of gold, such as biotite or sericite alteration, pyrite and arsenopyrite. Logging is complete, sample splitting and preparation is ongoing, deliveries to the lab have also commenced. Sample results will be released once assays are received.
Renforth Resources Inc. (CSE:RFR)(OTC PINK:RFHRF)(WKN:A2H9TN) (“Renforth” or the “Company”) is pleased to let shareholders know that visible gold was observed in several instances within the areas of the blasting work recently completed on the Discovery Veins. Location details are presented below. 1815 lbs. of representative material, in 100lb rice bag samples, comprised of randomly selected blast rubble and fine material taken from the bottom of each pit, has been sent to SGS Lakefield for test work which will include grindability tests, gravity concentration tests and gold recovery tests for each pit.
Renforth Resources Inc. (CSE:RFR)(OTC PINK:RFHRF)(WKN:A2H9TN) (“Renforth” or the “Company”) is pleased to share with shareholders our success at Parbec with the beep mat survey, which extends our initial diorite splay Discovery Sampling (see press release June 26, 2019) to a strike length of approximately 100m, supported by gold in surface channels, including 2.35 g/t Au over 0.55m, detailed below, and other anomalies highlighted by our initial, very limited, beep mat survey at Parbec.
Renforth Resources Inc. (CSE:RFR)(OTC:RFHRF) (WKN:A2H9TN) (“Renforth” or the “Company”) would like shareholders to know that exploration on the Beaupré Copper/Silver Discovery on our wholly owned Malartic West Property, contiguous to the Canadian Malartic Mine Property in Malartic, Quebec, has resumed.
Renforth Resources Inc. (CSE:RFR)(OTC PINK:RFHRF)(WKN:A2H9TN) (“Renforth” or the “Company”) would like shareholders to know that July 2020 field work at New Alger has commenced. Plans for our wholly owned open pit constrained gold resource property in July 2020 are blasting a mini-bulk sample in the area of the Discovery Veins and drilling both infill and step out holes in the Discovery Veins. Please see below for more information regarding New Alger, its resource and our plans.
Renforth Resources Inc. (CSE:RFR)(OTC PINK:RFHRF)(WKN:A2H9TN) (“Renforth” or the “Company”) has completed our June field work successfully and is particularly impressed with the results of our initial prospecting work at Malartic West, results will be released as available.
Renforth Resources Inc. (CSE:RFR)(OTC Pink:RFHRF)(WKN:A2H9TN) (“Renforth” or the “Company”) is pleased to announce that the Technical Reports titled “Updated Mineral Resource Estimate and Technical Report on the New Alger Gold Property, Abitibi-Témiscamingue Region, Northwestern Québec, Canada” and “Updated Mineral Resource Estimate and Technical Report on the Parbec Gold Property, Malartic Township, Abitibi-Témiscamingue Region, Northwestern Québec, Canada”, both signed June 23, 2020, with an effective date of May 1, 2020, have been filed under Renforth’s SEDAR profile.